Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.4
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
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,
2022 2021
Cash and cash equivalents $ 81,084  $ 78,376 
Restricted cash 14,901  — 
Total cash, cash equivalents and restricted cash $ 95,985  $ 78,376 
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,
2022 2021
Cash and cash equivalents $ 81,084  $ 78,376 
Restricted cash 14,901  — 
Total cash, cash equivalents and restricted cash $ 95,985  $ 78,376 
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,
2022 2021 2020
Revenue, net:
Grove Brands $ 154,854  $ 187,055  $ 164,372 
Third-party products 166,673  196,630  199,899 
Total revenue, net $ 321,527  $ 383,685  $ 364,271