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

Statements of Cash Flows

v3.26.1
Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net loss $ (9,133) $ (4,677)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 67 167
Issuance of common stock as compensation for services 8  
Inventory write-down 1,967 900
Impairment of right-of-use assets and lease deposits 455  
Changes in operating assets and liabilities    
Accounts receivable 1,823 (477)
Inventories 1,501 2,729
Prepaid expenses (23) 402
Employee retention credit receivable 2,000
Income taxes receivable 787
Operating lease right-of-use asset 1,022 1,173
Deposits
Accounts payable 1,521 (1,354)
Customer deposits 158 (1,011)
Accrued expenses and other current liabilities 362 (51)
Accrued interest added to notes payable-related party 15  
Operating lease liability (804) (1,124)
Net cash used in operating activities (1,061) (536)
Cash flows from investing activities:    
Acquisition of property and equipment (19)
Net cash used in investing activities (19)
Cash flows from financing activities:    
Net proceeds from issuance of common stock under ATM facility 757
Proceeds from notes payable-related party 330 9
Proceeds from notes payable 437
Repayment of notes payable (64)
Advances from credit facility, net 559
Repayment of advances from credit facility (761)  
Net cash provided by financing activities 763 504
Decrease in cash and cash equivalents (298) (51)
Cash and cash equivalents, beginning of period 498 549
Cash and cash equivalents, end of period 200 498
Supplemental Cash Flow Information:    
Interest paid 670 598
Taxes paid
Supplemental non-cash investing and financing activities:    
Reclass of lease obligation to Accounts Payable $ 577