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

Balance Sheets

v3.25.1
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 498 $ 549
Accounts receivable 2,153 1,676
Inventories 12,893 16,522
Prepaid expenses 53 455
Employee retention credit receivable 2,000
Income taxes receivable 787
Total current assets 15,597 21,989
Other assets:    
Operating lease right-of-use assets, net 1,645 2,818
Property and equipment, net 196 344
Deposits 108 108
Total assets 17,546 25,259
Current liabilities    
Accounts payable 408 1,762
Customer deposits 607 1,618
Accrued liabilities and other current liabilities 1,100 1,151
Line of credit 4,797 4,238
Current portion of operating lease liabilities 1,382 1,124
Total current liabilities 8,560 10,214
Operating lease liabilities, net of current portion 474 1,856
Total liabilities 9,034 12,070
Commitments and Contingencies
Stockholders’ Equity    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.0001 par value, 50,000,000 shares authorized, 2,511,350 shares issued and 2,508,853 shares outstanding on December 31, 2024 and 2023 2 2
Additional paid-in capital 38,886 38,886
Accumulated deficit (30,336) (25,659)
Treasury Stock, at cost (2,497 shares) (40) (40)
Total stockholders’ equity 8,512 13,189
Total liabilities and stockholders’ equity 17,546 25,259
Related Party [Member]    
Current liabilities    
Notes payable 266 257
Nonrelated Party [Member]    
Current liabilities    
Notes payable $ 64