Unaudited

v3.22.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 198,028 $ 186,388
Accounts receivable, net of allowances of $17,443 and $8,231 81,345 40,779
Inventory 140,316 98,399
Other current assets 5,765 9,621
Total current assets 425,454 335,187
Property and equipment, net 670 747
Intangible assets, net 1,019,120 1,043,344
Goodwill 168,300 168,300
Deferred taxes 11,881 8,344
Other assets 6,234 4,500
Total assets 1,631,659 1,560,422
Current Liabilities:    
Accounts payable 20,699 19,167
Accrued expenses and other current liabilities 20,546 17,332
Accrued sales and income taxes 18,199 12,144
Current portion of long-term debt 6,750 20,112
Current portion of Related Party payable pursuant to Tax Receivable Agreement 20,786 4,157
Total current liabilities 86,980 72,912
Related Party payable pursuant to Tax Receivable Agreement 208,493 225,122
Long-term debt 656,989 738,090
Total liabilities 952,462 1,036,124
Contingencies (Note 11)
Stockholders’ equity (Notes 1 and 9):    
Common stock, $0.001 par value per share; 2,000,000,000 shares authorized, 649,087,823 and 648,794,041 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 649 648
Preferred stock, $0.001 par value per share; 25,000,000 shares authorized and no shares issued and outstanding 0 0
Additional paid-in capital 308,088 302,866
Retained earnings 370,460 220,784
Total stockholders’ equity 679,197 524,298
Total liabilities and stockholders’ equity $ 1,631,659 $ 1,560,422

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