v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2026
Summary of Significant Accounting Policies [Abstract]  
Summary of Cash and Cash Equivalents As of June 30, 2026 and December 31, 2025, the Company has determined that substantially all amounts are collectible, and an allowance was not considered necessary. The following table sets forth the Company’s cash and cash equivalents as of June 30, 2026 and December 31, 2025 (in thousands):

 

 

 

 

 

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Cash

 

$

97,271

 

 

$

109,896

 

Receivables from third-party financial
   institutions for credit card transactions

 

 

202

 

 

 

427

 

Receivables from third-party financial
   institutions for SNPL program

 

 

39

 

 

 

72

 

Cash and cash equivalents

 

$

97,512

 

 

$

110,395

 

 

 

 

 

 

 

 

Summary of Cloud Computing Arrangements

The Company’s capitalized implementation costs for cloud computing arrangements, net consisted of the following (in thousands):

 

 

 

 

 

 

June 30, 2026

 

 

Balance Sheet Location

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Implementation costs, short-term

 

 Prepaid expenses and other current assets

 

$

425

 

 

$

73

 

 

$

352

 

Implementation costs, long-term

 

 Other assets

 

 

332

 

 

 

 

 

 

332

 

Total capitalized cloud computing
   arrangements implementation costs

 

 

 

$

757

 

 

$

73

 

 

$

684

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2025

 

 

Balance Sheet Location

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Implementation costs, short-term

 

 Prepaid expenses and other current assets

 

$

192

 

 

$

8

 

 

$

184

 

Implementation costs, long-term

 

 Other assets

 

 

322

 

 

 

 

 

 

322

 

Total capitalized cloud computing
   arrangements implementation costs

 

 

 

$

514

 

 

$

8

 

 

$

506

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Asset's Estimated Useful Life

Property and equipment is stated at cost less accumulated depreciation. Depreciation is recorded on a straight-line basis over an asset’s estimated useful life as follows:

 

 

Useful life

Furniture and fixtures

 

7 years

Computers, hardware and software

 

5 years

Leasehold improvements

 

Shorter of remaining useful life or lease term

Equipment

 

10 years

Building

 

30 years

Land

 

Indefinite

 

 

 

 

 

 

Summary of Disaggregation of Revenue

The following table represents a disaggregation of revenue by category (in thousands). The Company’s revenue streams include firearm and non-firearm retail sales, which are directly transacted through its website or mobile platform, as well as service revenue from PEW Logistics.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Firearm sales

 

$

19,349

 

 

$

17,836

 

 

$

41,007

 

 

$

37,438

 

Non-firearm sales

 

 

3,645

 

 

 

3,392

 

 

 

7,762

 

 

 

7,121

 

Service sales

 

 

223

 

 

 

 

 

 

376

 

 

 

 

Total net sales

 

$

23,217

 

 

$

21,228

 

 

$

49,145

 

 

$

44,559