Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

v3.24.2
SEGMENT REPORTING (Tables)
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
SCHEDULE OF NET SALES BY MAJOR PRODUCT CATEGORY

The following table sets forth our net sales by major product category:

 

 

(in thousands)   Consumer
Goods
    Industrial
Goods
    Total     Consumer
Goods
    Industrial
Goods
    Total  
    For the three months ended
March 31, 2024
    For the three months ended
March 31, 2023
 
(in thousands)   Consumer
Goods
    Industrial
Goods
    Total     Consumer
Goods
    Industrial
Goods
    Total  
Net sales   $ 2,274     $ 2,652     $ 4,926     $ 7,810     $ 16,149     $ 23,959  
Cost of sales     1,576       1,838       3,414       5,523       12,917       18,440  
Gross profit   $ 698     $ 814     $ 1,512     $ 2,287     $ 3,232     $ 5,519  
SCHEDULE OF SEGMENT REPORTING INFORMATION, BY SEGMENT

The following table sets forth specific asset categories which are reviewed by our CODM in the evaluation of operating segments:

 

(in thousands)   Consumer
Goods
    Industrial
Goods
    Total     Consumer
Goods
    Industrial
Goods
    Total  
    As of March 31, 2024     As of December 31, 2023  
(in thousands)   Consumer
Goods
    Industrial
Goods
    Total     Consumer
Goods
    Industrial
Goods
    Total  
Accounts receivable, net   $ 1,601     $ 155     $ 1,756     $ 642     $ 1,051     $ 1,693  
Inventories, net   $ 6,672     $ 11,648     $ 18,320     $ 8,881     $ 11,648     $ 20,529  
Vendor deposits   $ 2,153     $ 1,807     $ 3,960     $ 1,958     $ 1,807     $ 3,765