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

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION (Tables)

v3.25.1
SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SCHEDULE OF PROPERTY PLANT AND EQUIPMENT LESS DEPRECIATION AND AMORTIZATION

The following is a summary of our property and equipment, at costs less accumulated depreciation and amortization:

 

 

(in thousands)   Estimated useful life   2024     2023  
        As of December 31,  
(in thousands)   Estimated useful life   2024     2023  
Furniture, equipment and software   3 - 7 years   $ 8,595     $ 8,570  
Personal property   5 years     —       —  
Leasehold improvements   Lesser of lease term or 5 years     33       51  
Building   39 years     —       —  
Land         —       —  
Land improvements   15 years     —       —  
Work in process         20       411  
Property and equipment, gross         8,648       9,032  
Less: accumulated depreciation         7,228       6,556  
Property and equipment, net       $ 1,420     $ 2,476  
SCHEDULE OF OTHER CURRENT ASSETS

The following table summarizes the composition of other current assets as of the dates indicated:

 

 

(in thousands)   2024     2023  
    As of December 31,  
(in thousands)   2024     2023  
Other current assets:                
VAT refund receivable (Note 2)   $ 43     $ 78  
Prepaid expenses     301       1,207  
Indemnification receivable, net     7       7  
Customs bonds     952       1,229  
Other     2       798  
Other current assets   $

1,305

     $ 3,319  
SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

The following table summarizes the composition of accrued expenses and other current liabilities as of the dates indicated:

 

 

(in thousands)   2024     2023  
    As of December 31,  
(in thousands)   2024     2023  
Accrued expenses and other current liabilities:                
VAT payable (including amounts related to VAT matter described in Note 2)   $ —     $ 313  
Contingent consideration     —       1,000  
Accrued employee compensation     1,052       861  
Accrued expenses     166       499  
Refund liability (including accounts receivable credit balances)     —       68  
Sales tax payable     —       315  
Accrued expenses and other current liabilities   $ 1,218     $ 3,056  
SCHEDULE OF CHANGES IN CUSTOMER DEPOSIT LIABILITY

 

(in thousands)   Customer Deposits  
Balance as of December 31, 2022   $ 3,983  
Increases due to deposits received, net of other adjustments     4,191  
Customer Overpayments     220 )
Revenue recognized     (5,619 )
Balance as of December 31, 2023   $ 2,775  
Increases due to deposits received, net of other adjustments     —  
Customer Overpayments     —  
Revenue recognized     (114 )
Balance as of December 31, 2024   $ 2,661  
SCHEDULE OF COMPONENTS OF ACCUMULATED COMPREHENSIVE INCOME LOSS

The components of accumulated other comprehensive income (loss) for the periods presented were as follows:

 

 

(in thousands)  

Foreign

Currency

Translation

    

Unrealized Gain

or (Loss) on

Derivative

Instrument

     Total  
Balance at December 31, 2022   $ 55     $ —     $ 55  
Other comprehensive income (loss)     190       —       190 )
Less: Other comprehensive (income) loss attributable to non-controlling interest     —       —       —  
Balance at December 31, 2023   $ 245     $      —     $ 245  
Other comprehensive income (loss)     20       —       20  
Less: Other comprehensive (income) loss attributable to non-controlling interest     —       —       —  
Balance at December 31, 2024   $ 265     $ —     $ 265