| | | | | | | | | | | |
| June 30, |
| 2024 | | 2023 |
| Assets | | | |
| Current assets: | | | |
| Cash and cash equivalents | $ | 126,342 | | | $ | 114,826 | |
| Investments — short-term | — | | | 109 | |
Accounts receivable, net of allowance for doubtful accounts of $498 and $92 at June 30, 2024 and 2023 respectively | 169,147 | | | 167,787 | |
| Inventories | 462,032 | | | 737,121 | |
| Vendor deposits | 123,461 | | | 125,227 | |
| | | |
| | | |
| Prepaid expenses and other current assets | 35,031 | | | 21,974 | |
| Total current assets | 916,013 | | | 1,167,044 | |
| Property and equipment, net | 81,126 | | | 86,845 | |
| Operating lease right-of-use assets, net | 47,768 | | | 57,485 | |
| Deferred tax assets | 35,934 | | | 23,701 | |
| | | |
| Other long-term assets | 73,571 | | | 71,324 | |
| Total assets | $ | 1,154,412 | | | $ | 1,406,399 | |
| Liabilities and Stockholders’ Equity (Deficit) | | | |
| Current liabilities: | | | |
| Accounts payable | $ | 51,095 | | | $ | 154,157 | |
| Income taxes payable | 23,475 | | | 19,309 | |
| Debt — short-term | 36,508 | | | 36,508 | |
| Other current liabilities | 173,713 | | | 141,845 | |
| Total current liabilities | 284,791 | | | 351,819 | |
| Income taxes payable — long-term | 53,599 | | | 74,880 | |
| Operating lease liabilities — long-term | 37,176 | | | 46,052 | |
| Debt — long-term | 669,878 | | | 1,041,381 | |
| Deferred tax liability — long-term | 492 | | | 226 | |
| Other long-term liabilities | 13,416 | | | 7,774 | |
| Total liabilities | 1,059,352 | | | 1,522,132 | |
Commitments and contingencies (Note 9) | | | |
| Stockholders’ equity (deficit): | | | |
Preferred stock—$0.001 par value; 50,000,000 shares authorized; none issued | — | | | — | |
Common stock—$0.001 par value; 500,000,000 shares authorized: | | | |
60,462,539 and 60,441,896 issued and outstanding at June 30, 2024 and 2023, respectively | 60 | | | 60 | |
| Additional paid–in capital | 10,645 | | | 4,721 | |
| | | |
| Retained earnings (deficit) | 84,355 | | | (120,514) | |
| Total stockholders’ equity (deficit) | 95,060 | | | (115,733) | |
| Total liabilities and stockholders’ equity (deficit) | $ | 1,154,412 | | | $ | 1,406,399 | |
