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DECONSOLIDATION OF SUBSIDIARY AND DISCONTINUED OPERATIONS (Tables)
9 Months Ended
Sep. 30, 2024
Deconsolidation Of Subsidiary And Discontinued Operations  
Schedule of presents the assets and liabilities
          
   September 30,   December 31, 
   2024   2023 
Cash and cash equivalents  $-   $3,601,000 
Restricted cash   -    700,000 
Accounts receivable   -    4,350,000 
Inventories   -    6,643,000 
Prepaid expenses and other current assets   -    4,859,000 
Intangible assets, net   -    1,707,000 
Goodwill   -    5,794,000 
Property and equipment, net - current   -    1,690,000 
Right-of-use assets   -    3,023,000 
Total assets discontinued operations   -    32,367,000 
Accounts payable and accrued expenses   -    14,005,000 
Operating lease liability   -    3,098,000 
Notes payable   -    1,174,000 
Convertible notes payable   -    4,388,000 
Liabilities discontinued operations   -    22,664,000 
Net assets of discontinued operations  $-   $9,703,000
Schedule of operations
                    
   For the Three Months Ended   For the Nine Months Ended 
   September 30,   September 30, 
   2024   2023   2024   2023 
Revenue, products  $10,678,000   $10,277,000   $30,862,000   $27,724,000 
Cost of revenue, products   7,824,000    7,216,000    23,339,000    20,035,000 
Gross profit   2,854,000    3,061,000    7,523,000    7,689,000 
Operating expenses                    
Research and development   906,000    672,000    2,617,000    2,111,000 
Selling and marketing   286,000    396,000    1,166,000    1,415,000 
General and administrative   2,923,000    2,496,000    8,033,000    9,783,000 
Total operating expenses   4,115,000    3,564,000    11,816,000    13,309,000 
Loss from operations   (1,261,000)   (503,000)   (4,293,000)   (5,620,000)
Other income (expense):                    
Interest and other income   1,554,000    105,000    1,594,000    105,000 
Interest expense   (415,000)   (257,000)   (1,662,000)   (870,000)
Change in fair value of warrant liability   -    (1,061,000)   -    - 
Total other income (expense), net   1,139,000    (1,213,000)   (68,000)   (765,000)
Loss before income taxes   (122,000)   (1,716,000)   (4,361,000)   (6,385,000)
Income tax benefit   -    -    (15,000)   (11,000)
Net loss   (122,000)   (1,716,000)   (4,346,000)   (6,374,000)
Net loss attributable to non-controlling interest   325,000    357,000    1,554,000    1,716,000 
Net income (loss) available to common stockholders  $203,000   $(1,359,000)  $(2,792,000)  $(4,658,000)
Schedule of gain on deconsolidation
        
   For the Three
Months Ended
September 30, 2024
   For the Nine
Months Ended
September 30, 2024
 
GIGA net income (loss)  $203,000   $(2,792,000)
Gain on deconsolidation   2,013,000    2,013,000 
Net gain (loss) from discontinued operations  $2,216,000   $(779,000)
Schedule of statement of cash flows
          
   For the Nine Months Ended September 30, 
   2024   2023 
 Cash flows from operating activities:          
Net loss  $(4,346,000)  $(6,374,000)
Adjustments to reconcile net loss to net cash provided by operating activities:          
Depreciation and amortization   618,000    618,000 
Amortization of right-of-use assets   684,000    807,000 
Amortization of intangibles   157,000    220,000 
Stock-based compensation   (858,000)   1,594,000 
Changes in operating assets and liabilities:          
Accounts receivable   (1,638,000)   (783,000)
Inventories   1,514,000    1,091,000 
Prepaid expenses and other current assets   (1,516,000)   (706,000)
Lease liabilities   (667,000)   (916,000)
Accounts payable and accrued expenses   (314,000)   (285,000)
Net cash used in operating activities   (6,366,000)   (4,734,000)
Cash flows from investing activities:          
Purchase of property and equipment   (249,000)   (177,000)
Cash decrease upon deconsolidation   (3,550,000)   - 
Net cash used in investing activities   (3,799,000)   (177,000)
Cash flows from financing activities:          
Proceeds from notes payable   2,552,000    2,316,000 
Cash contributions from parent   3,383,000    2,361,000 
Net cash provided by financing activities   5,935,000    4,677,000 
           
Effect of exchange rate changes on cash and cash equivalents   (71,000)   153,000 
           
Net increase in cash and cash equivalents and restricted cash   (4,301,000)   (81,000)
           
Cash and cash equivalents and restricted cash at beginning of period   4,301,000    2,195,000 
           
Cash and cash equivalents and restricted cash at end of period  $-   $2,114,000 
           
Supplemental disclosures of cash flow information:          
Cash paid during the period for interest  $946,000   $862,000