SCHEDULE OF NET SALES BY MAJOR PRODUCT CATEGORY |
The
following table sets forth our net sales by major product category:
SCHEDULE OF NET SALES BY MAJOR PRODUCT CATEGORY
(in thousands) |
|
Consumer Goods |
|
Industrial Goods |
|
Total |
|
Consumer Goods |
|
Industrial Goods |
|
Total |
|
|
|
For the three months ended
June 30, 2024
|
|
For the three months ended
June 30, 2023
|
|
(in thousands) |
|
Consumer Goods |
|
Industrial Goods |
|
Total |
|
Consumer Goods |
|
Industrial Goods |
|
Total |
|
Net sales |
|
$ |
900 |
|
$ |
1,752 |
|
$ |
2,652 |
|
$ |
6,025 |
|
$ |
13,600 |
|
$ |
19,625 |
|
Cost of sales |
|
|
757 |
|
|
884 |
|
|
1,641 |
|
|
4,222 |
|
|
10,829 |
|
|
15,051 |
|
Gross profit |
|
$ |
143 |
|
$ |
868 |
|
$ |
1,011 |
|
$ |
1,803 |
|
$ |
2,771 |
|
$ |
4,574 |
|
(in thousands) |
|
Consumer Goods |
|
Industrial Goods |
|
Total |
|
Consumer Goods |
|
Industrial Goods |
|
Total |
|
|
|
For the six months ended June 30, 2024 |
|
For the six months ended June 30, 2023 |
|
(in thousands) |
|
Consumer Goods |
|
Industrial Goods |
|
Total |
|
Consumer Goods |
|
Industrial Goods |
|
Total |
|
Net sales |
|
$ |
3,174 |
|
$ |
4,404 |
|
$ |
7,578 |
|
$ |
13,835 |
|
$ |
29,749 |
|
$ |
43,584 |
|
Cost of sales |
|
|
2,333 |
|
|
2,722 |
|
|
5,055 |
|
|
9,745 |
|
|
23,746 |
|
|
33,491 |
|
Gross profit |
|
$ |
841 |
|
$ |
1,682 |
|
$ |
2,523 |
|
$ |
4,090 |
|
$ |
6,003 |
|
$ |
10,093 |
|
|
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:
SCHEDULE OF SEGMENT REPORTING INFORMATION, BY SEGMENT
(in
thousands) |
|
Consumer
Goods |
|
Industrial
Goods |
|
Total |
|
Consumer
Goods |
|
Industrial
Goods |
|
Total |
|
|
|
As
of June 30, 2024 |
|
As
of December 31, 2023 |
|
(in
thousands) |
|
Consumer
Goods |
|
Industrial
Goods |
|
Total |
|
Consumer
Goods |
|
Industrial
Goods |
|
Total |
|
Accounts receivable, net |
|
$ |
1,768 |
|
$ |
155 |
|
$ |
1,923 |
|
$ |
642 |
|
$ |
1,051 |
|
$ |
1,693 |
|
Inventories, net |
|
$ |
5,620 |
|
$ |
11,648 |
|
$ |
17,268 |
|
$ |
8,881 |
|
$ |
11,648 |
|
$ |
20,529 |
|
Vendor deposits |
|
$ |
1,930 |
|
$ |
1,807 |
|
$ |
3,737 |
|
$ |
1,958 |
|
$ |
1,807 |
|
$ |
3,765 |
|
|