v3.23.3

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 53,730	$ 5,265
Restricted cash	68	69
Accounts receivable, net	4,101	9,929
Inventories	43,058	42,497
Deferred costs	1,891	1,886
Prepaid expenses	6,698	7,850
Other current assets	6,485	6,279
Total current assets	116,146	75,444
Lease right-of-use asset	13,905	14,258
Property and equipment, net	9,665	10,035
Goodwill	2,110	2,145
Intangible assets, net	6,269	6,262
Deferred costs, net of current portion	10,601	10,916
Other long-term assets	21,386	23,646
Total assets	180,082	142,706
Current liabilities:
Accounts payable and accrued expenses	44,217	48,485
Other current liabilities	3,298	2,559
Deferred revenue	14,190	15,929
Interest payable	464	384
Current portion of long-term debt	2,096	106
Income taxes payable	4,845	5,102
Total current liabilities	69,110	72,565
Deferred revenue, net of current portion	3,824	2,980
Long-term derivative liabilities	23,532	0
Lease liabilities, net of current portion	16,855	17,184
Long-term debt, net of current portion	125,060	88,341
Other long-term liabilities	4,502	4,548
Total liabilities	242,883	185,618
Commitments and contingencies (Note 15)
Stockholders’ deficit
Common stock, $0.00005 par value; 97,063,323 and 96,705,318 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively	6	6
Additional paid-in capital	684,909	681,338
Accumulated other comprehensive loss	(2,233)	(1,426)
Accumulated deficit	(570,763)	(548,110)
Less: Treasury stock	(174,720)	(174,720)
Total stockholders' deficit	(62,801)	(42,912)
Total liabilities and stockholders' deficit	180,082	142,706
Related Party
Current assets:
Due from related parties, net	$ 115	$ 1,669

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19,20)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

F45 Training Holdings Inc. 10-Q