| Schedule of Sales Return Reserve |
The following table presents a summary of the Company’s sales return reserve:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
2026 |
|
2025 |
|
2026 |
|
2025 |
Beginning balance |
$ |
7,811 |
|
|
$ |
9,759 |
|
|
$ |
7,889 |
|
|
$ |
7,587 |
|
Returns |
(38,208) |
|
|
(35,498) |
|
|
(112,808) |
|
|
(103,360) |
|
Provision |
37,972 |
|
|
32,820 |
|
|
112,494 |
|
|
102,854 |
|
Ending balance |
$ |
7,575 |
|
|
$ |
7,081 |
|
|
$ |
7,575 |
|
|
$ |
7,081 |
|
Deferred revenue consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30,
2026 |
|
December 31,
2025 |
Gift cards |
$ |
11,770 |
|
|
$ |
12,214 |
|
Other |
1,708 |
|
|
493 |
|
Total deferred revenue |
$ |
13,478 |
|
|
$ |
12,707 |
|
|
| Schedule of Disaggregation of Revenue |
The following tables present the disaggregation of the Company’s net sales by geography, based on customer address:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
2026 |
|
2025 |
|
2026 |
|
2025 |
| U.S. |
$ |
112,597 |
|
|
$ |
98,733 |
|
|
$ |
318,532 |
|
|
$ |
299,519 |
|
Australia & New Zealand |
41,160 |
|
|
44,106 |
|
|
113,735 |
|
|
121,381 |
|
| Rest of world |
7,583 |
|
|
4,238 |
|
|
21,605 |
|
|
15,358 |
|
| Total |
$ |
161,340 |
|
|
$ |
147,077 |
|
|
$ |
453,872 |
|
|
$ |
436,258 |
|
The Company will revise consolidated financial statements for the years ended December 31, 2025 and 2024 and the condensed consolidated financial statements for the impacted interim periods within 2026 and 2025 to correct these disclosures when those periods are presented. The corrected amounts for each period are summarized below.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
2026 |
|
2025 |
|
|
|
|
| U.S. |
$ |
93,662 |
|
|
$ |
90,162 |
|
|
|
|
|
| Australia & New Zealand |
34,153 |
|
|
33,663 |
|
|
|
|
|
| Rest of world |
4,649 |
|
|
4,832 |
|
|
|
|
|
| Total |
$ |
132,464 |
|
|
$ |
128,657 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
2026 |
|
2025 |
|
2026 |
|
2025 |
| U.S. |
$ |
112,274 |
|
|
$ |
110,623 |
|
|
$ |
205,935 |
|
|
$ |
200,785 |
|
| Australia & New Zealand |
38,421 |
|
|
43,612 |
|
|
72,574 |
|
|
77,275 |
|
| Rest of world |
9,373 |
|
|
6,289 |
|
|
14,023 |
|
|
11,121 |
|
| Total |
$ |
160,068 |
|
|
$ |
160,524 |
|
|
$ |
292,532 |
|
|
$ |
289,181 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2025 |
|
2024 |
| U.S. |
$ |
404,880 |
|
|
$ |
371,561 |
|
| Australia & New Zealand |
175,550 |
|
|
178,307 |
|
| Rest of world |
19,778 |
|
|
24,829 |
|
| Total |
$ |
600,208 |
|
|
$ |
574,697 |
|
|