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Subsequent Event – Nasdaq Compliance (Tables)
 9 Months Ended
Sep. 30, 2023
Subsequent Events [Abstract]  
Schedule of Pro-forma Balance Sheet

 

   September 30,

2023

(unaudited)

  

Convertible Debt

Drawdown

  

Conversion of

Debt to Equity

  

September 30, 2023

(proforma, unaudited)

 
Assets                    
Current assets:                    
Cash  $1,011,000   $1,390,000   $-    $2,401,000 
Trade accounts receivable, net   1,159,000              1,159,000 
Other receivables   116,000              116,000 
Inventory, net   748,000              748,000 
Prepaid expenses and other current assets   167,000              167,000 
Total current assets   3,201,000    1,390,000    -    4,591,000 
Property, plant and equipment, net of depreciation   487,000              487,000 
Intangible assets, net of amortization   258,000              258,000 
Deposits   7,000              7,000 
Total assets  $3,953,000   $1,390,000   $-   $5,343,000 
                     
Liabilities and Stockholders’ Equity                    
Current liabilities:                    
Accounts payable  $1,692,000   $-    $-    $1,692,000 
Disputed co-manufacturer accounts payable   499,000              499,000 
Accrued expenses   229,000              229,000 
Accrued payroll and employee related   240,000              240,000 
Convertible notes payable   -    1,390,000    (1,207,000)   183,000 
Total current liabilities   2,660,000    1,390,000    (1,207,000)   2,843,000 
Total liabilities   2,660,000    1,390,000    (1,207,000)   2,843,000 
                     
Stockholders’ equity:                    
Common stock   -              - 
Additional paid in capital   61,388,000              61,388,000 
Accumulated deficit   (60,095,000)      1,207,000    (58,888,000)
Total stockholders’ equity   1,293,000    -   1,207,000    2,500,000 
Total liabilities and stockholders’ equity  $3,953,000   $1,390,000   $-   $5,343,000