BRC Inc
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 6, 2024
BRCC$9.80-2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’ Deficit
BRC INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)
(in thousands, except for number of shares)
| Shares | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Members’Interest | Class A Common Stock | Class B Common Stock | Class C Common Stock | Class A Common Stock | Class B Common Stock | Class C Common Stock | Additional Paid-In Capital | AccumulatedDeficit | Non-Controlling Interest | Total Stockholders’ Equity (Deficit) | |
| Balance at January 1, 2021 | $(96,727) | — | — | — | $— | $— | $— | $— | $(6,151) | $— | $(102,878) |
| Equity-based compensation | 3,204 | — | — | — | — | — | — | — | — | — | 3,204 |
| Non-Employee equity-based compensation | 1,492 | — | — | — | — | — | — | — | — | — | 1,492 |
| Series A Preferred Discount Amortization | (34,511) | — | — | — | — | — | — | — | — | — | (34,511) |
| Repurchase of restricted member units | (2,953) | — | — | — | — | — | — | — | — | — | (2,953) |
| Net loss | — | — | — | — | — | — | — | — | (13,845) | — | (13,845) |
| Balance at December 31, 2021 | $(129,495) | — | — | — | $— | $— | $— | $— | $(19,996) | $— | $(149,491) |
| Equity-based compensation prior to Business Combination | 308 | — | — | — | — | — | — | — | — | — | 308 |
| Non-employee equity-based compensation prior to Business Combination | 241 | — | — | — | — | — | — | — | — | — | 241 |
| Series A preferred discount amortization prior to Business Combination | (6,621) | — | — | — | — | — | — | — | — | — | (6,621) |
| Repurchase of member units prior to Business Combination | (1,599) | — | — | — | — | — | — | — | — | — | (1,599) |
| Net loss prior to Business Combination | — | — | — | — | — | — | — | — | (2,691) | — | (2,691) |
| Effect of Business Combination | 137,166 | 44,009,874 | 139,106,323 | 1,388,125 | 4 | 14 | — | (103) | (831) | (83,319) | 52,931 |
| Equity-based compensation after Business Combination | — | — | — | — | — | — | — | 820 | — | 3,217 | 4,037 |
| Non-employee equity-based compensation after Business Combination | — | — | — | — | — | — | — | — | — | 608 | 608 |
| First Tier vesting event | — | 694,062 | 9,926,563 | (694,062) | — | 1 | — | 38,783 | — | 133,589 | 172,373 |
| Second Tier vesting event | — | 694,063 | 9,926,562 | (694,063) | — | 1 | — | 60,803 | — | 195,154 | 255,958 |
| Warrant redemption | — | 6,376,346 | — | — | 1 | — | — | 24,924 | — | 68,235 | 93,160 |
| Applicable premium vesting | — | 6,196 | 820,310 | — | — | — | — | 3,153 | — | 8,922 | 12,075 |
| Common Unit redemption | — | 5,880,733 | (5,880,733) | — | — | — | — | 1,128 | — | (1,128) | — |
| Net loss after Business Combination | — | — | — | — | — | — | — | — | (80,215) | (255,138) | (335,353) |
| Balance at December 31, 2022 | $— | 57,661,274 | 153,899,025 | — | $5 | $16 | $— | $129,508 | $(103,733) | $70,140 | $95,936 |
| Equity-based compensation | — | — | — | — | — | — | — | 2,148 | — | 4,826 | 6,974 |
| Common Unit redemption | — | 7,414,036 | (7,414,036) | — | — | — | — | 1,758 | — | (1,758) | — |
| Employee stock purchase plan | — | 157,044 | — | — | — | — | — | 673 | — | — | 673 |
| Vesting of stock awards, net of shares withheld for taxes | — | 405,452 | — | — | 1 | (1) | — | (359) | — | — | (359) |
| Net loss | — | — | — | — | — | — | — | — | (16,745) | (39,971) | (56,716) |
| Balance at December 31, 2023 | $— | 65,637,806 | 146,484,989 | — | $6 | $15 | $— | $133,728 | $(120,478) | $33,237 | $46,508 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.