Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.24.4
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 8,059 $ 15,254
Investments 10,393 9,779
Accounts receivable, net 16,223 13,750
Accounts receivable – related parties 853
Inventory 4,782 5,927
Prepaid corporate taxes 62 87
Prepaid expenses 953 387
Deposits 1,717 910
Total current assets 43,042 46,094
Property and equipment, net 1,521 1,000
OTHER ASSETS:    
Intangible assets, net 3,114 2,238
Goodwill 90
Other assets 23 23
Right of use asset - office leases 1,336 785
Total other assets 4,473 3,136
Total assets 49,036 50,230
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 4,745 4,049
Accrued payroll and related 2,568 610
Unearned revenue 1,116 633
Rewards program liability 875 6,000
Sales tax payable 344 365
Current portion of contingent earn-out liabilities 224 738
Current portion of installment payment liabilities 786 267
Current portion of lease liability 528 325
Note payable - Wildman 162
Total current liabilities 11,186 13,149
LONG-TERM LIABILITIES:    
Long-term contingent earn-out liabilities 763 488
Long-term installment payment liabilities 639 414
Long-term lease liability 798 460
Total long-term liabilities 2,200 1,362
Total liabilities 13,386 14,511
Commitments and contingencies (Note M)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2023 and 2022
Common stock, $0.0001 par value; 300,000,000 shares authorized, 18,539,000 and 18,475,336 shares issued and outstanding as of December 31, 2023 and 2022, respectively 2 2
Additional paid-in capital 38,263 38,113
Accumulated deficit (2,602) (2,217)
Accumulated other comprehensive loss (13) (179)
Total stockholders’ equity 35,650 35,719
Total liabilities and stockholders’ equity $ 49,036 $ 50,230