Note 20 - Restructuring Charges

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Restructuring and Related Activities Disclosure [Text Block]

20. RESTRUCTURING CHARGES

In 2023, we completed a cost savings review aimed at operating efficiencies to better position us for profitable growth. Following the integration of the Acquired Brands, we identified a number of operational synergies and cost savings opportunities, including a reduction in workforce. In addition to the accrued expenses below, we incurred approximately $1.5 million in restructuring costs that are included in operating expenses in the accompanying consolidated statements of operations for the year ended December 31, 2023.

For the year ended December 31, 2023, the following activity was recorded:

	Employee Severance, Benefits and Related Costs
	Twelve Months Ended December 31,
($ in thousands)	2023			2022
Accrued expenses, beginning of period	$	381			-
Restructuring charges		1,486		$	1,201
Cash payments		(885	)		(820	)
Accrued expenses, end of period	$	982		$	381