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REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS (Tables)

3 Months Ended

Mar. 31, 2023

Accounting Changes and Error Corrections [Abstract]

SCHEDULE OF PRIOR PERIOD FINANCIAL STATEMENTS

The following tables reconcile the balances as previously reported in the Quarterly Reports on Form 10-Q as of and for the three months ended March 31, 2022 to the as revised balances:

SCHEDULE OF PRIOR PERIOD FINANCIAL STATEMENTS 

Condensed Consolidated Statements of Operations (Unaudited)		As Reported				Adjustment				As Revised
		For The Three Months Ended
		March 31, 2022
Condensed Consolidated Statements of Operations (Unaudited)		As Reported				Adjustment				As Revised
Revenues		$	6,036			$	326			$	6,362
Cost of goods sold		$	5,161			$	278			$	5,439
Gross profit		$	875			$	48			$	923
Net loss		$	(788	)		$	48			$	(740	)
Loss per share - basic and diluted		$	(0.08	)			-			$	(0.08	)
Weighted average common shares outstanding - basic and diluted			9,641				-				9,641

Condensed Consolidated Balance Sheet (Unaudited)		As Reported				Adjustment				As Revised
		March 31, 2022
Condensed Consolidated Balance Sheet (Unaudited)		As Reported				Adjustment				As Revised
Total current assets		$	32,162			$	(278	)		$	31,884
Total assets			34,983				(278	)			34,705
Total current liabilities			14,719				(326	)			14,393
Total liabilities			16,145				(326	)			15,819
Total stockholders’ equity			18,838				48				18,886

Cash Flows From Operating Activities (Unaudited)		As Reported				Adjustment				As Revised
		For The Three Months Ended
		March 31, 2022
Cash Flows From Operating Activities (Unaudited)		As Reported				Adjustment				As Revised
Net loss		$	(788	)		$	48			$	(740	)
Changes in current operating assets and liabilities:
Inventories			(2,805	)			278				(2,527	)
Deferred revenue			4,895				(326	)			4,569
Net cash provided by operating activities			2,087				-				2,087

Consolidated Statement of Stockholders’ Equity (Unaudited)		As Reported				Adjustment				As Revised
		For The Three Months Ended
		March 31, 2022
Consolidated Statement of Stockholders’ Equity (Unaudited)		As Reported				Adjustment				As Revised
Accumulated deficit		$	(13,100	)		$	48			$	(13,052	)
Total stockholders’ equity			18,838				48				18,886

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- References

No definition available.

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- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-8

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-7

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-9

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