v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
May 03, 2025
Feb. 01, 2025
May 04, 2024
Current assets:      
Cash and cash equivalents $ 3,535 $ 3,820 $ 3,836
Inventories, net 76,415 81,899 75,789
Prepaid expenses and other current assets 5,241 5,585 6,540
Total current assets 85,191 91,304 86,165
Equipment 18,832 18,905 19,119
Furniture and fixtures 60,867 61,354 63,516
Leasehold improvements 97,258 97,635 100,447
Computer software and hardware 78,926 78,847 78,561
Projects in progress 290 287 371
Property and equipment, gross 256,173 257,028 262,014
Accumulated depreciation (235,707) (234,966) (234,277)
Property and equipment, net 20,466 22,062 27,737
Operating lease right-of-use assets 116,569 121,229 121,410
Other assets 3,183 7,593 7,271
Total assets 225,409 242,188 242,583
Current liabilities:      
Accounts payable 39,545 43,935 39,963
Accrued expenses and other liabilities 20,439 20,183 23,020
Operating lease liabilities 38,532 39,355 38,590
Total current liabilities 99,348 152,672 101,573
Operating lease liabilities 90,820 95,085 94,529
Other liabilities 3,496 3,445 4,405
Total liabilities 241,627 261,205 248,048
Preferred stock, no par value, 10,000,000 shares authorized; no shares issued or outstanding at May 3, 2025, February 1, 2025, and May 4, 2024, respectively 0 0 0
Common stock, no par value; 80,000,000; 100,000,000; and 100,000,000 shares authorized at May 3, 2025, February 1, 2025, and May 4, 2024, respectively; 22,454,348; 13,117,942; and 13,038,978, shares issued and outstanding at May 3, 2025, February 1, 2025, and May 4, 2024, respectively 192,166 177,543 176,793
Accumulated deficit (208,384) (196,560) (182,258)
Total shareholders’ deficit (16,218) (19,017) (5,465)
Total liabilities and shareholders’ deficit 225,409 242,188 242,583
Related Party [Member]      
Current liabilities:      
Current debt, net 832 0 0
Long-term debt, net 9,028 0 0
Nonrelated Party [Member]      
Current liabilities:      
Current debt, net 0 49,199 0
Long-term debt, net $ 38,935 $ 10,003 $ 47,541