Xponential Fitness, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2023

Reconciliation of Activity Related to Accounts Receivable, Other Receivables and Notes Receivable Allowance for Credit Losses

The following table provides a reconciliation of the activity related to the Company’s accounts receivable and notes receivable allowance for credit losses:


	Accounts receivable			Notes receivable		Total
Balance at January 1, 2023	$	865		$	719	$	1,584
Bad debt expense recognized during the year		(83	)		62		(21	)
Write-off of uncollectible amounts		(2	)		—		(2	)
Balance at March 31, 2023	$	780		$	781	$	1,561

Summary of Accrued Expenses

Accrued expenses – Accrued expenses consisted of the following:


	March 31,		December 31,
	2023		2022
Accrued compensation	$	4,071	$	4,611
Contingent consideration from acquisitions, current portion		2,511		2,203
Sales tax accruals		2,265		3,186
Legal accruals		638		464
Accrued tax withholding related to convertible preferred stock dividend		1,291		—
Other accruals		3,552		1,831
Total accrued expenses	$	14,328	$	12,295