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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash $ 4,125,000 $ 6,703,000
Inventory 6,493,000 6,871,000
Returns asset 1,262,000 1,919,000
Prepaid expenses and other current assets 214,000 136,000
Total Current Assets 15,532,000 23,206,000
Property and equipment, net 352,000 404,000
Operating leases - right of use assets 3,841,000 3,926,000
Other non-current assets 179,000 179,000
Total Assets 19,904,000 27,715,000
Current Liabilities    
Accounts payable 3,947,000 7,616,000
Accrued expenses 2,315,000 2,614,000
Refund due to customer 1,443,000 1,743,000
Customer prepayments 408,000 687,000
Reserve for sales returns 2,419,000 3,390,000
Other current liabilities 58,000 75,000
Current portion of operating lease liabilities 55,000 84,000
Total Current Liabilities 10,645,000 16,209,000
Other liabilities, net of current portion 3,000
Operating lease liabilities, net of current portion 4,029,000 3,925,000
Total Liabilities 14,674,000 20,137,000
Shareholders’ Equity    
Preferred stock, $1.00 par value; 1,000,000 shares authorized; no shares issued and outstanding
Common stock $0.01 par value; 100,000,000 shares authorized; 6,418,061 issued and outstanding at March 31, 2024 and December 31, 2023, respectively 64,000 64,000
Additional paid-in capital 33,448,000 33,429,000
Accumulated deficit (28,282,000) (25,915,000)
Total Shareholders’ Equity 5,230,000 7,578,000
Total Liabilities and Shareholders’ Equity 19,904,000 27,715,000
Nonrelated Party [Member]    
Current Assets    
Accounts receivable 3,305,000 7,308,000
Related Party [Member]    
Current Assets    
Accounts receivable $ 133,000 $ 269,000