Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 19,782 $ 38,990
Accounts receivable, net 24,395 22,337
Inventories, net 109,720 77,183
Prepaid expenses and other current assets 8,848 6,783
Assets held for sale 4,043 0
Total current assets 166,788 145,293
Property, plant and equipment, net 63,533 59,451
Operating lease, right-of-use asset 33,969 20,050
Identifiable intangibles, net 397 225
Other 298 315
Total assets 264,985 225,334
Current liabilities:    
Accounts payable 37,497 12,429
Accrued liabilities 31,617 36,660
Deferred revenue and gift card liability 10,075 9,505
Current maturities of long-term debt, net 2,083 2,143
Current operating lease liability 1,964 1,360
Current maturities of finance lease obligations 95 95
Current liabilities related to assets held for sale 2,151 0
Total current liabilities 85,482 62,192
Non-current liabilities:    
Long-term debt, net 75,795 47,017
Finance lease obligations, net of current maturities 171 221
Operating lease liability 33,631 19,466
Other non-current liabilities 602 502
Total non-current liabilities 110,199 67,206
Total liabilities 195,681 129,398
Commitments and Contingencies (Note 14)
Stockholders' equity:    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized; no shares issued or outstanding 0 0
Additional paid in capital 134,953 129,508
Accumulated deficit (112,761) (103,733)
Total BRC Inc.'s stockholders' equity 22,213 25,796
Non-controlling interests 47,091 70,140
Total stockholders' equity 69,304 95,936
Total liabilities and stockholders' equity 264,985 225,334
Class A Common Stock    
Stockholders' equity:    
Common stock 5 5
Class B Common Stock    
Stockholders' equity:    
Common stock 16 16
Class C Common Stock    
Stockholders' equity:    
Common stock $ 0 $ 0