10-Q Filing

Purple Innovation, Inc. CIK: 1643953 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001213900-22-045866`
Period End Date	20220630
Filing Date	20220809
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	f10q0622_purpleinnova_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 90 Cash Flow Statement 94 Stockholders Equity 48

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.17M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$91.62M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$25.43M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$31.58M	USD	Point-in-time
Inventories, net	`InventoryNet`	$98.69M	USD	Point-in-time
Inventories, net	`InventoryNet`	$84.89M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.06M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.11M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.70M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$168.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$229.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$112.61M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$127.75M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$88.99M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$68.04M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$14.69M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$13.20M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$223.95M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$217.79M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$1.32M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$1.62M	USD	Point-in-time
Total assets	`Assets`	$625.11M	USD	Point-in-time
Total assets	`Assets`	$642.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$79.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.99M	USD	Point-in-time
Accrued sales returns	`AccruedSalesReturnsCurrent`	$7.12M	USD	Point-in-time
Accrued sales returns	`AccruedSalesReturnsCurrent`	$5.11M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$9.37M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$8.93M	USD	Point-in-time
Customer prepayments	`CustomersAdvanceCurrent`	$5.13M	USD	Point-in-time
Customer prepayments	`CustomersAdvanceCurrent`	$10.85M	USD	Point-in-time
Accrued sales tax	`SalesAndExciseTaxPayableCurrent`	$3.13M	USD	Point-in-time
Accrued sales tax	`SalesAndExciseTaxPayableCurrent`	$4.67M	USD	Point-in-time
Accrued rebates and allowances	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$7.32M	USD	Point-in-time
Accrued rebates and allowances	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$10.17M	USD	Point-in-time
Operating lease obligations current portion	`OperatingLeaseLiabilityCurrent`	$9.88M	USD	Point-in-time
Operating lease obligations current portion	`OperatingLeaseLiabilityCurrent`	$7.05M	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilities`	$69.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$13.47M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$142.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$88.04M	USD	Point-in-time
Debt, net of current portion	`LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities`	$94.11M	USD	Point-in-time
Debt, net of current portion	`LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities`	$37.20M	USD	Point-in-time
Operating lease obligations, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$103.46M	USD	Point-in-time
Operating lease obligations, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$81.16M	USD	Point-in-time
Warrant liabilities	`WarrantLiabilities`	$4.34M	USD	Point-in-time
Tax receivable agreement liability, net of current portion	`TaxReceivableAgreementLiability`	$161.97M	USD	Point-in-time
Tax receivable agreement liability, net of current portion	`TaxReceivableAgreementLiability`	$162.24M	USD	Point-in-time
Other long-term liabilities, net of current portion	`OtherLiabilitiesNoncurrent`	$12.06M	USD	Point-in-time
Other long-term liabilities, net of current portion	`OtherLiabilitiesNoncurrent`	$15.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$405.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$495.93M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock; $0.0001 par value, 210,000 shares authorized; 82,764 issued and outstanding at June 30, 2022 and 66,493 issued and outstanding at December 31, 2021	`CommonStockValue`	$8.00K	USD	Point-in-time
Class A common stock; $0.0001 par value, 210,000 shares authorized; 82,764 issued and outstanding at June 30, 2022 and 66,493 issued and outstanding at December 31, 2021	`CommonStockValue`	$7.00K	USD	Point-in-time
Class B common stock; $0.0001 par value, 90,000 shares authorized; 448 issued and outstanding at June 30, 2022 and at December 31, 2021	`CommonStockValue2`	-	USD	Point-in-time
Class B common stock; $0.0001 par value, 90,000 shares authorized; 448 issued and outstanding at June 30, 2022 and at December 31, 2021	`CommonStockValue2`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$407.59M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$502.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-261.82M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-283.67M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$145.77M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$218.34M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$768.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$783.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$146.54M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$67.54M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$226.28M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$161.52M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$219.12M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$157.54M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$642.47M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$625.11M	USD	Point-in-time

Income Statement 90 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$182.59M	USD	1 Quarter
Revenues, net	`Revenues`	$287.29M	USD	2 Qtrs
Revenues, net	`Revenues`	$144.11M	USD	1 Quarter
Revenues, net	`Revenues`	$369.01M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$100.90M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$199.80M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$95.30M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$186.85M	USD	2 Qtrs
Gross profit	`GrossProfit`	$169.21M	USD	2 Qtrs
Gross profit	`GrossProfit`	$100.44M	USD	2 Qtrs
Gross profit	`GrossProfit`	$81.69M	USD	1 Quarter
Gross profit	`GrossProfit`	$48.81M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$59.84M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$40.37M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$114.21M	USD	2 Qtrs
Marketing and sales	`SellingAndMarketingExpense`	$90.33M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$36.99M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$22.46M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$36.67M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$18.78M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.89M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.92M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.65M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.75M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$60.90M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$130.89M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$84.23M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$154.84M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-12.09M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-30.45M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$14.37M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-2.54M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.14M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.73M	USD	2 Qtrs
Interest expense	`InterestExpense`	$569.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$707.00K	USD	1 Quarter
Other income (expense), net	`OtherIncome`	$-136.00K	USD	1 Quarter
Other income (expense), net	`OtherIncome`	$-119.00K	USD	2 Qtrs
Other income (expense), net	`OtherIncome`	$-42.00K	USD	2 Qtrs
Other income (expense), net	`OtherIncome`	$26.00K	USD	1 Quarter
Change in fair value warrant liabilities	`FairValueAdjustmentOfWarrants`	$-4.27M	USD	2 Qtrs
Change in fair value warrant liabilities	`FairValueAdjustmentOfWarrants`	$-4.86M	USD	1 Quarter
Change in fair value warrant liabilities	`FairValueAdjustmentOfWarrants`	$-346.00K	USD	1 Quarter
Change in fair value warrant liabilities	`FairValueAdjustmentOfWarrants`	$-14.01M	USD	2 Qtrs
Tax receivable agreement expense	`TaxReceivableAgreementExpense`	-	USD	2 Qtrs
Tax receivable agreement expense	`TaxReceivableAgreementExpense`	$207.00K	USD	2 Qtrs
Tax receivable agreement expense	`TaxReceivableAgreementExpense`	$381.00K	USD	1 Quarter
Tax receivable agreement expense	`TaxReceivableAgreementExpense`	-	USD	1 Quarter
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$12.62M	USD	2 Qtrs
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.42M	USD	2 Qtrs
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$3.94M	USD	1 Quarter
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$-497.00K	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-28.03M	USD	2 Qtrs
Net income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.98M	USD	2 Qtrs
Net income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-12.59M	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.40M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$3.48M	USD	2 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-1.17M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-4.17M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-5.99M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$2.56M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-8.41M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-22.04M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$20.94M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-13.63M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$23.50M	USD	2 Qtrs
Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-70.00K	USD	1 Quarter
Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-199.00K	USD	2 Qtrs
Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$99.00K	USD	2 Qtrs
Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-16.00K	USD	1 Quarter
Net income (loss) attributable to Purple Innovation, Inc.	`NetIncomeLoss`	$23.40M	USD	2 Qtrs
Net income (loss) attributable to Purple Innovation, Inc.	`NetIncomeLoss`	$2.58M	USD	1 Quarter
Net income (loss) attributable to Purple Innovation, Inc.	`NetIncomeLoss`	$-8.34M	USD	1 Quarter
Net income (loss) attributable to Purple Innovation, Inc.	`NetIncomeLoss`	$-21.84M	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.36	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.29	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.14	USD	2 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.29	USD	2 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	74.92M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	65.44M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	66.28M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	82.70M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	68.34M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	66.86M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.15M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	75.37M	shares	2 Qtrs

Cash Flow Statement 94 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$2.56M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-8.41M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-22.04M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$20.94M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-13.63M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$23.50M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.58M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.54M	USD	2 Qtrs
Non-cash interest	`NonCashInterest`	$257.00K	USD	2 Qtrs
Non-cash interest	`NonCashInterest`	$360.00K	USD	2 Qtrs
Change in fair value warrant liabilities	`ChangeInFairValueLiabilities`	$-14.01M	USD	2 Qtrs
Change in fair value warrant liabilities	`ChangeInFairValueLiabilities`	$-4.27M	USD	2 Qtrs
Tax receivable agreement expense	`IncomeTaxCreditsAndAdjustments`	$207.00K	USD	2 Qtrs
Tax receivable agreement expense	`IncomeTaxCreditsAndAdjustments`	-	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.59M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.82M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredit`	$6.16M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredit`	$-3.17M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.15M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.01M	USD	2 Qtrs
Inventories	`DeferredIncomeTaxExpenseBenefit`	$931.00K	USD	2 Qtrs
Inventories	`DeferredIncomeTaxExpenseBenefit`	$13.80M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseInPrepaidInventoryAndOtherAssets`	$2.26M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseInPrepaidInventoryAndOtherAssets`	$-3.48M	USD	2 Qtrs
Operating leases, net	`IncreaseDecreaseInOtherOperatingLiabilities`	$4.18M	USD	2 Qtrs
Operating leases, net	`IncreaseDecreaseInOtherOperatingLiabilities`	$785.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-11.78M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-37.03M	USD	2 Qtrs
Accrued sales returns	`IncreaseInAccruedSalesReturns`	$-2.00M	USD	2 Qtrs
Accrued sales returns	`IncreaseInAccruedSalesReturns`	$-1.47M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-5.00M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$354.00K	USD	2 Qtrs
Customer prepayments	`IncreaseOrDecreaseInCustomerAdvances`	$11.08M	USD	2 Qtrs
Customer prepayments	`IncreaseOrDecreaseInCustomerAdvances`	$-5.72M	USD	2 Qtrs
Accrued rebates and allowances	`AccruedRebatesAndAllowances`	$-4.02M	USD	2 Qtrs
Accrued rebates and allowances	`AccruedRebatesAndAllowances`	$-2.85M	USD	2 Qtrs
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$936.00K	USD	2 Qtrs
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.85M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.47M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-52.80M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.23M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$26.16M	USD	2 Qtrs
Investment in intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.82M	USD	2 Qtrs
Investment in intangible assets	`PaymentsToAcquireIntangibleAssets`	$285.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.05M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.45M	USD	2 Qtrs
Payments on term loan	`RepaymentsOfDebt`	$1.12M	USD	2 Qtrs
Payments on term loan	`RepaymentsOfDebt`	$2.53M	USD	2 Qtrs
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$55.00M	USD	2 Qtrs
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.24M	USD	2 Qtrs
Proceeds from stock offering	`ProceedsFromIssuanceInitialPublicOffering`	$93.12M	USD	2 Qtrs
Proceeds from stock offering	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	2 Qtrs
Payments for public offering costs	`PaymentsOfStockIssuanceCosts`	$259.00K	USD	2 Qtrs
Payments for public offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Proceeds from InnoHold indemnification payment	`ProceedsFromInnoHoldIndemnificationPayment`	-	USD	2 Qtrs
Proceeds from InnoHold indemnification payment	`ProceedsFromInnoHoldIndemnificationPayment`	$4.14M	USD	2 Qtrs
Tax receivable agreement payments	`TaxReceivableAgreementPayments`	$-628.00K	USD	2 Qtrs
Tax receivable agreement payments	`TaxReceivableAgreementPayments`	$-5.85M	USD	2 Qtrs
Distributions to members	`Distributions`	$-853.00K	USD	2 Qtrs
Distributions to members	`Distributions`	-	USD	2 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$116.00K	USD	2 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$452.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$166.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.10M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$28.41M	USD	2 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-50.45M	USD	2 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-12.87M	USD	2 Qtrs
Cash and cash equivalents, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.17M	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.95M	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$110.08M	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$91.62M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.17M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.95M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$110.08M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$91.62M	USD	Point-in-time
Cash paid during the period for interest, net of amounts capitalized	`InterestPaidNet`	$1.34M	USD	2 Qtrs
Cash paid during the period for interest, net of amounts capitalized	`InterestPaidNet`	$858.00K	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	$4.43M	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	$219.00K	USD	2 Qtrs
Property and equipment included in accounts payable	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$3.37M	USD	2 Qtrs
Property and equipment included in accounts payable	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$3.65M	USD	2 Qtrs
Non-cash leasehold improvements	`NoncashLeaseholdImprovements`	-	USD	2 Qtrs
Non-cash leasehold improvements	`NoncashLeaseholdImprovements`	$3.24M	USD	2 Qtrs
Accrued distributions	`TaxDistributionPayable`	$228.00K	USD	2 Qtrs
Accrued distributions	`TaxDistributionPayable`	-	USD	2 Qtrs
Tax receivable agreement liability	`TaxReceivableAgreementLiabilityes`	-	USD	2 Qtrs
Tax receivable agreement liability	`TaxReceivableAgreementLiabilityes`	$780.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxes`	-	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxes`	$974.00K	USD	2 Qtrs
Exercise of liability warrants	`ExerciseOfLiabilityWarrants`	$64.17M	USD	2 Qtrs
Exercise of liability warrants	`ExerciseOfLiabilityWarrants`	-	USD	2 Qtrs

Stockholders Equity 48 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$146.54M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$67.54M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$226.28M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$161.52M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$219.12M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$157.54M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$2.56M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-8.41M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-22.04M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$20.94M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-13.63M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$23.50M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$542.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.27M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.11M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$479.00K	USD	1 Quarter
Exchange of stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Exercise of warrants	`ExerciseOfWarrants`	$64.26M	USD	1 Quarter
Exercise of warrants	`ExerciseOfWarrants`	$26.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$369.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$166.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$83.00K	USD	1 Quarter
Tax Receivable Agreement liability	`StockIssuedDuringPeriodTaxReceivableAgreementLiability`	$-777.00K	USD	1 Quarter
Tax Receivable Agreement liability	`StockIssuedDuringPeriodTaxReceivableAgreementLiability`	$-3.00K	USD	1 Quarter
Deferred income taxes	`StockIssueDuringPeriodDeferredIncomeTaxes`	$3.00K	USD	1 Quarter
Deferred income taxes	`StockIssueDuringPeriodDeferredIncomeTaxes`	$971.00K	USD	1 Quarter
Issuance of common stock under equity compensation plans	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Issuance of common stock under equity compensation plans	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Issuance of common stock under equity compensation plans	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Additional costs associated with underwritten public stock offering	`StockIssuedDuringPeriodValueIssuedForServices`	$29.00K	USD	1 Quarter
Issuance of stock upon secondary offering, net of costs	`StockIssuedDuringPeriodValueNewIssues`	$92.89M	USD	1 Quarter
Accrued distributions	`StockIssuedDuringPeriodTaxDistribution`	$-228.00K	USD	1 Quarter
Accrued distributions	`StockIssuedDuringPeriodTaxDistribution`	$-87.00K	USD	1 Quarter
Accrued distributions	`StockIssuedDuringPeriodTaxDistribution`	$-99.00K	USD	1 Quarter
InnoHold indemnification payment	`InnoHoldIndemnificationPayment`	$4.14M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Impact of transactions affecting NCI	`StockIssuedDuringPeriodValueOther`	-	USD	1 Quarter
Impact of transactions affecting NCI	`StockIssuedDuringPeriodValueOther`	-	USD	1 Quarter
Impact of transactions affecting NCI	`StockIssuedDuringPeriodValueOther`	-	USD	1 Quarter
Impact of transactions affecting NCI	`StockIssuedDuringPeriodValueOther`	-	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$146.54M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$67.54M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$226.28M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$161.52M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$219.12M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$157.54M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.