Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.24.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Reconciliation of Restrictions on Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows (in thousands):
Year Ended December 31,
2023 2022
Cash and cash equivalents $ 86,411  $ 81,084 
Restricted cash 8,452  14,901 
Total cash, cash equivalents and restricted cash $ 94,863  $ 95,985 
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows (in thousands):
Year Ended December 31,
2023 2022
Cash and cash equivalents $ 86,411  $ 81,084 
Restricted cash 8,452  14,901 
Total cash, cash equivalents and restricted cash $ 94,863  $ 95,985 
Schedule of Property Plant and Equipment Useful Life The estimated useful lives of the Company’s assets are as follows:
Computer equipment
3 - 5 years
Furniture and fixtures 5 years
Machinery and warehouse equipment
7 - 10 years
Leasehold improvements
Shorter of 10 years or lease term
Disaggregation of Revenue
The following table sets forth revenue by product type (in thousands):
Year Ended December 31,
2023 2022 2021
Revenue, net:
Grove Brands $ 119,006  $ 154,854  $ 187,055 
Third-party products 140,272  166,673  196,630 
Total revenue, net $ 259,278  $ 321,527  $ 383,685