Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING (Tables)

v3.25.2
SEGMENT REPORTING (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
SCHEDULE OF NET SALES BY MAJOR PRODUCT CATEGORY

(in thousands)   2025     2024  
    Three Months Ended June 30,  
(in thousands)   2025     2024  
Net sales   $ 788     $ 2,652  
Cost of sales     786       1,641  
Gross profit   $ 2     $ 1,011  

 

(in thousands)   2025     2024  
    Six Months Ended June 30,  
(in thousands)   2025     2024  
Net sales   $ 2,257     $ 7,578  
Cost of sales     1,534       5,055  
Gross profit   $ 723     $ 2,523  
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)   June 30, 2025     December 31, 2024  
    As of  
(in thousands)   June 30, 2025     December 31, 2024  
Accounts receivable, net   $ 3,795     $ 4,262  
Inventories   $ 14,352     $ 14,215  
Vendor deposits   $ 2,527     $ 3,091  
SCHEDULE OF NET SALES DISAGGREGATED BY GEOGRAPHY

The following table sets forth net sales disaggregated by geography:

 

(in thousands)   2025     2024  
    Three Months Ended June 30,  
(in thousands)   2025     2024  
United States   $ 788     $ 1,364  
Canada           70  
Europe           1,218  
Total net sales   $ 788     $ 2,652  

 

(in thousands)   2025     2024  
    Six Months Ended June 30,  
(in thousands)   2025     2024  
United States   $ 2,257     $ 5,214  
Canada           157  
Europe           2,207  
Total net sales   $ 2,257     $ 7,578  
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)   June 30, 2025     December 31, 2024  
    As of  
(in thousands)   June 30, 2025     December 31, 2024  
United States   $ 1,768     $ 2,459  
Canada           4  
Europe            
Total long-lived assets   $ 1,768     $ 2,463