Quarterly report [Sections 13 or 15(d)]

Condensed Balance Sheets

v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 27 $ 200
Accounts receivable 1,511 330
Inventories 9,547 9,425
Prepaid expenses 78 76
Total current assets 11,163 10,031
Other assets:    
Operating lease right-of-use assets 172 278
Property and equipment, net 112 128
Total assets 11,447 10,437
Current liabilities    
Accounts payable (includes $1,070 and $778 of rents payable) 2,617 2,506
Customer deposits 756 764
Accrued liabilities and other current liabilities 807 1,462
Line of credit 3,704 4,036
Current portion of operating lease liabilities 197 475
Total current liabilities 9,057 10,293
Total liabilities 9,057 10,293
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, 3,642,656 shares issued and 3,640,159 shares outstanding on March 31, 2026, and 2,680,156 shares issued and 2,677,659 shares outstanding on December 31, 2025
Additional paid-in capital 42,077 39,653
Accumulated deficit (39,647) (39,469)
Treasury Stock, at cost (2,497 shares) (40) (40)
Total stockholders’ equity 2,390 144
Total liabilities and stockholders’ equity 11,447 10,437
Related Party [Member]    
Current liabilities    
Notes payable, current 611 612
Nonrelated Party [Member]    
Current liabilities    
Notes payable, current $ 365 $ 438