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

Balance Sheets

v3.26.1
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 200 $ 498
Accounts receivable 330 2,153
Inventories 9,425 12,893
Prepaid expenses 76 53
Total current assets 10,031 15,597
Other assets:    
Operating lease right-of-use assets, net 278 1,645
Property and equipment, net 128 196
Deposits 108
Total assets 10,437 17,546
Current liabilities    
Accounts payable 2,506 408
Customer deposits 764 607
Accrued liabilities and other current liabilities 1,462 1,100
Line of credit 4,036 4,797
Current portion of operating lease liabilities 475 1,382
Total current liabilities 10,293 8,560
Operating lease liabilities, net of current portion 474
Total liabilities 10,293 9,034
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, 2,680,156 shares issued and 2,677,659 shares outstanding on December 31, 2025 and 2,511,350 shares issued and 2,508,853 shares outstanding on December 31, 2024 2
Additional paid-in capital 39,653 38,886
Accumulated deficit (39,469) (30,336)
Treasury Stock, at cost (2,497 shares) (40) (40)
Total stockholders’ equity 144 8,512
Total liabilities and stockholders’ equity 10,437 17,546
Related Party [Member]    
Current liabilities    
Notes payable 612 266
Nonrelated Party [Member]    
Current liabilities    
Notes payable $ 438