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REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 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
		June 30, 2022
Condensed Consolidated Statements of Operations (Unaudited)		As Reported				Adjustment				As Revised
Revenues		$	4,289			$	574			$	4,863
Cost of goods sold		$	4,208			$	592			$	4,800
Gross profit		$	81			$	(18	)		$	63
Net loss		$	(2,517	)		$	(18	)		$	(2,535	)
Loss per share - basic and diluted		$	(0.26	)			-			$	(0.26	)
Weighted average common shares outstanding - basic and diluted			9,728				-				9,728

Condensed Consolidated Statements of Operations (Unaudited)		As Reported				Adjustment				As Revised
		For The Six Months Ended
		June 30, 2022
Condensed Consolidated Statements of Operations (Unaudited)		As Reported				Adjustment				As Revised
Revenues		$	10,325			$	900			$	11,225
Cost of goods sold		$	9,369			$	870			$	10,239
Gross profit		$	956			$	30			$	986
Net loss		$	(3,305	)		$	30			$	(3,275	)
Loss per share - basic and diluted		$	(0.34	)			-			$	(0.34	)
Weighted average common shares outstanding - basic and diluted			9,685				-				9,685

Condensed Consolidated Balance Sheet (Unaudited)		As Reported				Adjustment				As Revised
		June 30, 2022
Condensed Consolidated Balance Sheet (Unaudited)		As Reported				Adjustment				As Revised
Total current assets		$	31,080			$	(870	)		$	30,210
Total assets		$	34,116			$	(870	)		$	33,246
Total current liabilities		$	15,696			$	(900	)		$	14,796
Total liabilities		$	17,136			$	(900	)		$	16,236
Total stockholders’ equity		$	16,980			$	30			$	17,010

Condensed Consolidated Statements of Operations (Unaudited)		As Reported				Adjustment				As Revised
		For The Six Months Ended
		June 30, 2022
Cash Flows From Operating Activities (Unaudited)		As Reported				Adjustment				As Revised
Net loss		$	(3,305	)		$	30			$	(3,275	)
Changes in current operating assets and liabilities:
Inventories		$	(4,857	)		$	870			$	(3,987	)
Deferred revenue		$	6,866			$	(900	)		$	5,966
Net cash used in operating activities		$	(1,621	)		$	-			$	(1,621	)

Condensed Consolidated Statements of Operations (Unaudited)		As Reported				Adjustment				As Revised
		For The Six Months Ended
		June 30, 2022
Consolidated Statement of Stockholders’ Equity (Unaudited)		As Reported				Adjustment				As Revised
Accumulated deficit		$	(15,617	)		$	30			$	(15,587	)
Total stockholders’ equity		$	16,980			$	30			$	17,010

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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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