Annual report [Section 13 and 15(d), not S-K Item 405]

SEGMENT REPORTING (Tables)

v3.25.1
SEGMENT REPORTING (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENT REPORTING INFORMATION, BY SEGMENT

 

(in thousands)   2024     2023  
    For the year ended December 31,  
(in thousands)   2024     2023  
Net sales   $ 13,275     $ 65,373  
Cost of sales     6,993       47,547  
Gross profit   $ 6,282     $ 17,826  

 

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

 

(in thousands)   2024     2023  
    For the year ended December 31,  
(in thousands)   2024     2023  
Accounts receivable, net   $ 4,262     $ 1,693  
Inventories   $ 14,215     $ 20,529  
Vendor deposits   $ 3,091     $ 3,765  
SCHEDULE OF NET SALES DISAGGREGATED BY GEOGRAPHY

The following table sets forth net sales disaggregated by geography:

 

 

(in thousands)   2024     2023  
    For the year ended December 31,  
(in thousands)   2024     2023  
United States   $ 10,900     $ 58,539  
Canada     157       1,291  
Europe     2,218       5,543  
Total net sales   $ 13,275     $ 65,373  
SCHEDULE OF LONG-LIVED ASSETS BY GEOGRAPHIC AREA

The following table sets forth our long-lived assets by geographic area, which consist of property and equipment, net, and operating lease right-of-use assets:

 

 

(in thousands)   2024     2023  
    As of December 31,  
(in thousands)   2024     2023  
United States   $ 2,459     $ 4,255  
Canada     4       4  
Europe     -       153  
Total long-lived assets   $ 2,463     $ 4,412