10-Q Filing

Purple Innovation, Inc. CIK: 1643953 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-065011`
Period End Date	20230630
Filing Date	20230809
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	f10q0623_purpleinnova_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 91 Cash Flow Statement 87 Stockholders Equity 38

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash, cash equivalents and restricted cash	`CashAndCashEquivalentsAtCarryingValue`	$26.95M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashAndCashEquivalentsAtCarryingValue`	$41.75M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$22.77M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$34.57M	USD	Point-in-time
Inventories, net	`InventoryNet`	$73.20M	USD	Point-in-time
Inventories, net	`InventoryNet`	$78.40M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.67M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.82M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.88M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$4.12M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$137.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$161.46M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$131.49M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$136.67M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$102.54M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$99.86M	USD	Point-in-time
Goodwill	`Goodwill`	$5.02M	USD	Point-in-time
Goodwill	`Goodwill`	$4.90M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$26.22M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$23.69M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$2.96M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$1.55M	USD	Point-in-time
Total assets	`Assets`	$400.69M	USD	Point-in-time
Total assets	`Assets`	$433.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$48.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$46.44M	USD	Point-in-time
Accrued sales returns	`AccruedSalesReturnsCurrent`	$5.11M	USD	Point-in-time
Accrued sales returns	`AccruedSalesReturnsCurrent`	$4.20M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$4.19M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$6.69M	USD	Point-in-time
Customer prepayments	`CustomerAdvancesCurrent`	$5.48M	USD	Point-in-time
Customer prepayments	`CustomerAdvancesCurrent`	$4.45M	USD	Point-in-time
Accrued sales and use tax	`SalesAndExciseTaxPayableCurrent`	$2.98M	USD	Point-in-time
Accrued sales and use tax	`SalesAndExciseTaxPayableCurrent`	$1.67M	USD	Point-in-time
Accrued rebates and allowances	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$9.80M	USD	Point-in-time
Accrued rebates and allowances	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$5.83M	USD	Point-in-time
Operating lease obligations current portion	`OperatingLeaseLiabilityCurrent`	$13.71M	USD	Point-in-time
Operating lease obligations current portion	`OperatingLeaseLiabilityCurrent`	$14.39M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$7.36M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$91.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$97.31M	USD	Point-in-time
Debt	`Debt`	-	USD	Point-in-time
Debt	`Debt`	$23.66M	USD	Point-in-time
Operating lease obligations, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$115.60M	USD	Point-in-time
Operating lease obligations, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$113.55M	USD	Point-in-time
Other long-term liabilities, net of current portion	`OtherLiabilitiesNoncurrent`	$17.72M	USD	Point-in-time
Other long-term liabilities, net of current portion	`OtherLiabilitiesNoncurrent`	$17.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$223.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$254.44M	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock; $0.0001 par value, 210,000 shares authorized; 105,323 issued and outstanding at June 30, 2023 and 91,380 issued and outstanding at December 31, 2022	`CommonStockValue`	$9.00K	USD	Point-in-time
Class A common stock; $0.0001 par value, 210,000 shares authorized; 105,323 issued and outstanding at June 30, 2023 and 91,380 issued and outstanding at December 31, 2022	`CommonStockValue`	$11.00K	USD	Point-in-time
Class B common stock; $0.0001 par value, 90,000 shares authorized; 428 issued and outstanding at June 30, 2023 and 448 issued and outstanding at December 31, 2022	`CommonStockValue2`	-	USD	Point-in-time
Class B common stock; $0.0001 par value, 90,000 shares authorized; 428 issued and outstanding at June 30, 2023 and 448 issued and outstanding at December 31, 2022	`CommonStockValue2`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$589.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$529.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-351.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-412.32M	USD	Point-in-time
Total stockholders equity attributable to Purple Innovation, Inc.	`StockholdersEquity`	$176.83M	USD	Point-in-time
Total stockholders equity attributable to Purple Innovation, Inc.	`StockholdersEquity`	$177.96M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$733.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$929.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$177.57M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$178.89M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$219.12M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$146.54M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$213.88M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$226.28M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$433.33M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$400.69M	USD	Point-in-time

Income Statement 91 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$144.11M	USD	1 Quarter
Revenues, net	`Revenues`	$287.29M	USD	2 Qtrs
Revenues, net	`Revenues`	$230.24M	USD	2 Qtrs
Revenues, net	`Revenues`	$120.87M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$95.30M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$186.85M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$148.56M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$82.41M	USD	1 Quarter
Gross profit	`GrossProfit`	$100.44M	USD	2 Qtrs
Gross profit	`GrossProfit`	$38.46M	USD	1 Quarter
Gross profit	`GrossProfit`	$81.69M	USD	2 Qtrs
Gross profit	`GrossProfit`	$48.81M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$46.38M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$84.55M	USD	2 Qtrs
Marketing and sales	`SellingAndMarketingExpense`	$90.33M	USD	2 Qtrs
Marketing and sales	`SellingAndMarketingExpense`	$40.37M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$26.44M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$50.10M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$18.78M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$36.67M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$6.30M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.75M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.89M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.92M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$75.74M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$140.95M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$60.90M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$130.89M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-37.28M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-12.09M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-59.27M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-30.45M	USD	2 Qtrs
Interest expense	`InterestExpense`	$352.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$707.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.73M	USD	2 Qtrs
Interest expense	`InterestExpense`	$554.00K	USD	2 Qtrs
Other income (expense), net	`OtherIncome`	$110.00K	USD	2 Qtrs
Other income (expense), net	`OtherIncome`	$37.00K	USD	1 Quarter
Other income (expense), net	`OtherIncome`	$-136.00K	USD	1 Quarter
Other income (expense), net	`OtherIncome`	$-119.00K	USD	2 Qtrs
Change in fair value warrant liabilities	`FairValueAdjustmentOfWarrants`	$-4.27M	USD	2 Qtrs
Change in fair value warrant liabilities	`FairValueAdjustmentOfWarrants`	$1.90M	USD	Annual
Change in fair value warrant liabilities	`FairValueAdjustmentOfWarrants`	$-346.00K	USD	1 Quarter
Change in fair value warrant liabilities	`FairValueAdjustmentOfWarrants`	$1.90M	USD	Point-in-time
Change in fair value warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	2 Qtrs
Change in fair value warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.22M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.66M	USD	2 Qtrs
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$-315.00K	USD	1 Quarter
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.42M	USD	2 Qtrs
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$-497.00K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-37.59M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-60.93M	USD	2 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-28.03M	USD	2 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-12.59M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-4.17M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$144.00K	USD	2 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-5.99M	USD	2 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$72.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-23.41M	USD	1 Quarter
Net loss	`ProfitLoss`	$-22.04M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-61.07M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-37.66M	USD	1 Quarter
Net loss	`ProfitLoss`	$-8.41M	USD	1 Quarter
Net loss	`ProfitLoss`	$-13.63M	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-262.00K	USD	2 Qtrs
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-70.00K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-155.00K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-199.00K	USD	2 Qtrs
Net loss attributable to Purple Innovation, Inc.	`NetIncomeLoss`	$-21.84M	USD	2 Qtrs
Net loss attributable to Purple Innovation, Inc.	`NetIncomeLoss`	$-60.81M	USD	2 Qtrs
Net loss attributable to Purple Innovation, Inc.	`NetIncomeLoss`	$-8.34M	USD	1 Quarter
Net loss attributable to Purple Innovation, Inc.	`NetIncomeLoss`	$-37.51M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.60	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`	$-0.36	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.60	USD	2 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.36	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.29	USD	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	101,760.00	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	74,924.00	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	82,703.00	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	105,079.00	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	75,372.00	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	101,760.00	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	83,151.00	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	105,079.00	shares	1 Quarter

Cash Flow Statement 87 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-23.41M	USD	1 Quarter
Net loss	`ProfitLoss`	$-22.04M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-61.07M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-37.66M	USD	1 Quarter
Net loss	`ProfitLoss`	$-8.41M	USD	1 Quarter
Net loss	`ProfitLoss`	$-13.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.89M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.58M	USD	2 Qtrs
Non-cash interest	`OtherNoncashExpense`	$686.00K	USD	2 Qtrs
Non-cash interest	`OtherNoncashExpense`	$360.00K	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.22M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Change in fair value warrant liabilities	`FairValueAdjustmentOfWarrants`	$-4.27M	USD	2 Qtrs
Change in fair value warrant liabilities	`FairValueAdjustmentOfWarrants`	$1.90M	USD	Annual
Change in fair value warrant liabilities	`FairValueAdjustmentOfWarrants`	$-346.00K	USD	1 Quarter
Change in fair value warrant liabilities	`FairValueAdjustmentOfWarrants`	$1.90M	USD	Point-in-time
Change in fair value warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	2 Qtrs
Change in fair value warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.85M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.82M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$6.16M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.15M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.47M	USD	2 Qtrs
Inventories, net	`DeferredIncomeTaxExpenseBenefit`	$13.80M	USD	2 Qtrs
Inventories, net	`DeferredIncomeTaxExpenseBenefit`	$-5.06M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.95M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.48M	USD	2 Qtrs
Operating leases, net	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.31M	USD	2 Qtrs
Operating leases, net	`IncreaseDecreaseInOtherOperatingLiabilities`	$4.18M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.30M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-37.03M	USD	2 Qtrs
Accrued sales returns	`IncreaseInAccruedSalesReturns`	$-910.00K	USD	2 Qtrs
Accrued sales returns	`IncreaseInAccruedSalesReturns`	$-2.00M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$354.00K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.71M	USD	2 Qtrs
Customer prepayments	`IncreaseDecreaseInCustomerAdvances`	$1.02M	USD	2 Qtrs
Customer prepayments	`IncreaseDecreaseInCustomerAdvances`	$-5.72M	USD	2 Qtrs
Accrued rebates and allowances	`AccruedRebatesAndAllowances`	$-3.98M	USD	2 Qtrs
Accrued rebates and allowances	`AccruedRebatesAndAllowances`	$-2.85M	USD	2 Qtrs
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-2.03M	USD	2 Qtrs
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.85M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-52.80M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-38.05M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.23M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.44M	USD	2 Qtrs
Investment in intangible assets	`PaymentsToAcquireIntangibleAssets`	$380.00K	USD	2 Qtrs
Investment in intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.82M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.82M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.05M	USD	2 Qtrs
Payments on term loan	`RepaymentsOfDebt`	$2.53M	USD	2 Qtrs
Payments on term loan	`RepaymentsOfDebt`	$24.66M	USD	2 Qtrs
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$55.00M	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.90M	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.24M	USD	2 Qtrs
Proceeds from stock offering	`ProceedsFromIssuanceInitialPublicOffering`	$60.30M	USD	2 Qtrs
Proceeds from stock offering	`ProceedsFromIssuanceInitialPublicOffering`	$98.21M	USD	2 Qtrs
Payments for public offering costs	`PaymentsOfStockIssuanceCosts`	$3.30M	USD	2 Qtrs
Payments for public offering costs	`PaymentsOfStockIssuanceCosts`	$5.34M	USD	2 Qtrs
Proportional Representation Preferred Linked Stock redemption fee	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$105.00K	USD	2 Qtrs
Proportional Representation Preferred Linked Stock redemption fee	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Tax receivable agreement payments	`TaxReceivableAgreementLiabilities`	$269.00K	USD	2 Qtrs
Tax receivable agreement payments	`TaxReceivableAgreementLiabilities`	$5.85M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$166.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$29.07M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$28.41M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-14.80M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-50.45M	USD	2 Qtrs
Cash, cash equivalents and restricted cash, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.95M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.17M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.75M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$91.62M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.95M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.17M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.75M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$91.62M	USD	Point-in-time
Cash paid during the period for interest, net of amounts capitalized	`CashPaidDuringThePeriodForInterestNetOfAmountsCapitalized`	$-1.34M	USD	2 Qtrs
Cash paid during the period for interest, net of amounts capitalized	`CashPaidDuringThePeriodForInterestNetOfAmountsCapitalized`	$226.00K	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	$281.00K	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`	$3.65M	USD	2 Qtrs
Property and equipment included in accounts payable	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$3.21M	USD	2 Qtrs
Accrued distributions	`TaxDistributionPayable`	-	USD	2 Qtrs
Accrued distributions	`TaxDistributionPayable`	$228.00K	USD	2 Qtrs

Stockholders Equity 38 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$177.57M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$178.89M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$219.12M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$146.54M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$213.88M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$226.28M	USD	Point-in-time
Net loss	`ProfitLoss`	$-23.41M	USD	1 Quarter
Net loss	`ProfitLoss`	$-22.04M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-61.07M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-37.66M	USD	1 Quarter
Net loss	`ProfitLoss`	$-8.41M	USD	1 Quarter
Net loss	`ProfitLoss`	$-13.63M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.66M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$542.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.27M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.19M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$166.00K	USD	1 Quarter
Exchange of stock	`StockIssuedDuringPeriodValueConversionOfUnits`	-	USD	1 Quarter
Proportional Representation Preferred Linked Stock redemption fee	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$-105.00K	USD	1 Quarter
Additional costs associated with underwritten public stock offering	`AdjustmentsToAdditionalPaidInCapitalOther`	$-29.00K	USD	1 Quarter
Additional costs associated with underwritten public stock offering	`AdjustmentsToAdditionalPaidInCapitalOther`	$-201.00K	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
Issuance of common stock under equity compensation plans	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Issuance of stock upon underwritten public offering, net of costs	`StockIssuedDuringPeriodValueNewIssues`	$92.89M	USD	1 Quarter
Issuance of stock upon underwritten public offering, net of costs	`StockIssuedDuringPeriodValueNewIssues`	$57.20M	USD	1 Quarter
Accrued distributions	`StockIssuedDuringPeriodTaxDistribution`	$-228.00K	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`	$177.57M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$178.89M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$219.12M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$146.54M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$213.88M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$226.28M	USD	Point-in-time

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