Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING (Tables)

v3.25.3
SEGMENT REPORTING (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SCHEDULE OF NET SALES BY MAJOR PRODUCT CATEGORY

 

(in thousands)   2025     2024  
    Three Months Ended September 30,  
(in thousands)   2025     2024  
Net sales   $ 737     $ 4,038  
Cost of sales     5,840       1,011  
Gross profit (loss)   $ (5,103 )   $ 3,027  

 

(in thousands)   2025     2024  
    Nine Months Ended September 30,  
(in thousands)   2025     2024  
Net sales   $ 2,994     $ 11,616  
Cost of sales     7,374       6,066  
Gross profit (loss)   $ (4,380 )   $ 5,550  
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)   September 30, 2025     December 31, 2024  
Accounts receivable, net   $ 4,138     $ 4,262  
Inventories   $ 6,250     $ 14,215  
Vendor deposits   $ 64     $ 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 September 30,  
(in thousands)   2025     2024  
United States   $ 733     $ 4,027  
Canada     4        
Europe           11  
Total net sales   $ 737     $ 4,038  

 

(in thousands)   2025     2024  
    Nine Months Ended September 30,  
(in thousands)   2025     2024  
United States   $ 2,990     $ 9,252  
Canada     4       157  
Europe           2,207  
Total net sales   $ 2,994     $ 11,616  
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:

 

             
    As of  
(in thousands)   September 30, 2025     December 31, 2024  
United States   $ 1,401     $ 2,459  
Canada           4  
Europe            
Total long-lived assets   $ 1,401     $ 2,463