SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
|---|
| 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:
SCHEDULE
OF PROPERTY PLANT AND EQUIPMENT LESS DEPRECIATION AND AMORTIZATION
| (in thousands) |
|
Estimated useful life |
|
March 31, 2025 |
|
|
December 31, 2024 |
|
| (in thousands) |
|
Estimated useful life |
|
March 31, 2025 |
|
|
December 31, 2024 |
|
| Furniture, equipment and software |
|
3 - 7 years |
|
$ |
8,611 |
|
|
$ |
8,595 |
|
| Leasehold improvements |
|
Lesser of lease term or 5 years |
|
|
33 |
|
|
|
33 |
|
| Work in process |
|
|
|
|
20 |
|
|
|
20 |
|
| Property and equipment, gross |
|
|
|
|
8,664 |
|
|
|
8,648 |
|
| Less: accumulated depreciation |
|
|
|
|
(7,334 |
) |
|
|
(7,228 |
) |
| Property and equipment, net |
|
|
|
$ |
1,330 |
|
|
$ |
1,420 |
|
|
| SCHEDULE OF OTHER CURRENT ASSETS |
The following table summarizes the composition of
other current assets as of the dates indicated:
SCHEDULE
OF OTHER CURRENT ASSETS
| (in thousands) |
|
March 31, 2025 |
|
|
December 31, 2024 |
|
| (in thousands) |
|
March 31, 2025 |
|
|
December 31, 2024 |
|
| Other current assets: |
|
|
|
|
|
|
|
|
| VAT refund receivable (Note 2) |
|
$ |
52 |
|
|
$ |
43 |
|
| Prepaid expenses |
|
|
403 |
|
|
|
301 |
|
| Indemnification receivable, net |
|
|
7 |
|
|
|
7 |
|
| Customs bonds |
|
|
952 |
|
|
|
952 |
|
| Other |
|
|
— |
|
|
|
2 |
|
| Other current assets |
|
$ |
1,414 |
|
|
$ |
1,305 |
|
|
| 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:
SCHEDULE
OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
| (in thousands) |
|
March 31, 2025 |
|
|
December 31,2024 |
|
| (in thousands) |
|
March 31, 2025 |
|
|
December 31,2024 |
|
| Accrued expenses and other current liabilities: |
|
|
|
|
|
|
|
|
| Accrued employee compensation |
|
$ |
1,114 |
|
|
$ |
1,052 |
|
| Accrued professional fees |
|
|
419 |
|
|
|
166 |
|
| Other accrued expenses |
|
|
199 |
|
|
|
166 |
|
| Accrued
expenses and other current liabilities |
|
$ |
1,732 |
|
|
$ |
1,218 |
|
|
| SCHEDULE OF CHANGES IN CUSTOMER DEPOSIT LIABILITY |
SCHEDULE
OF CHANGES IN CUSTOMER DEPOSIT LIABILITY
| (in thousands) |
|
Customer Deposits |
|
| Balance as of December 31, 2024 |
|
$ |
2,661 |
|
| Increases due to deposits received, net of other adjustments |
|
|
— |
|
| Customer Overpayments |
|
|
— |
|
| Revenue recognized |
|
|
(132 |
) |
| Balance as of March 31, 2025 |
|
$ |
2,529 |
|
|
| SCHEDULE OF COMPONENTS OF ACCUMULATED COMPREHENSIVE INCOME LOSS |
The components of accumulated other comprehensive
income (loss) for the periods presented were as follows:
SCHEDULE
OF COMPONENTS OF ACCUMULATED COMPREHENSIVE INCOME LOSS
| (in thousands) |
|
Foreign
Currency Translation
|
|
|
Unrealized Gain
or (Loss) on Derivative Instrument
|
|
|
Total |
|
| 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 |
|
| Other comprehensive income (loss) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Less: Other comprehensive (income) loss attributable to non-controlling interest |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Balance at March 31, 2025 |
|
$ |
265 |
|
|
$ |
— |
|
|
$ |
265
|
|
|