XML 30 R14.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Note 6 - Property And Equipment | 12 Months Ended
--- | ---
Dec. 31, 2024
Notes to Financial Statements |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 6. PROPERTY AND EQUIPMENT Property and equipment consisted of the following:
|  | December 31, |  |  | December 31, |
(In thousands) |  | 2024 |  |  | 2023 |
Machinery and equipment |  | $ | 2,677 |  |  | $ | 2,651 |
Furniture and fixtures |  |  | 250 |  |  |  | 233 |
Computer equipment and software |  |  | 1,171 |  |  |  | 1,018 |
Leasehold improvements |  |  | 281 |  |  |  | 212 |
Molds |  |  | 962 |  |  |  | 923 |
Total property, plant and equipment |  |  | 5,341 |  |  |  | 5,037 |
Less: accumulated depreciation and amortization |  |  | (3,989 | ) |  |  | (3,522 | )
Property and equipment in service |  |  | 1,352 |  |  |  | 1,515 |
Construction in progress |  |  | 635 |  |  |  | 400 |
Property and equipment, net |  | $ | 1,987 |  |  | $ | 1,915 |
Total depreciation expense was $0.6 million and $0.7 million for the years ended December 31, 2024 and 2023, respectively. Depreciation expense is included within cost of goods sold and selling, general and administrative expense in the Consolidated Statements of Operations. On February 27, 2023, the Company’s Board of Directors approved a plan to sell and leaseback the Company's real property located in Clearwater, FL. On March 14, 2023, the Company entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with VK Acquisitions VI, LLC (the “Purchaser”), for the sale of the Company’s facility located at 5115 Ulmerton Road, Clearwater, Florida, as more fully described in the Purchase Agreement (collectively, the “Property”) for a purchase price of $7,650,000. On May 8, 2023, the Company closed on the Purchase Agreement and concurrently executed a 10-year agreement to leaseback the underlying Property from the Purchaser (see Note 7). The Company received net cash proceeds of approximately $6.6 million after withholding the security deposit of approximately $0.6 million, equal to one year's rent, taxes, first month's rent, expenses, and fees. The $2.7 million gain on this transaction is presented in gain on sale-leaseback in the accompanying Consolidated Statement of Operations for the year ended December 31, 2023.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration