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Condensed Consolidated Balance Sheets
$ in Thousands
Mar. 31, 2024
USD ($)
Current assets  
Cash and cash equivalents $ 491
Trade accounts receivable, net of allowances of $180 and $180, respectively 677
Inventories, current 5,564
Deferred transaction costs 483
Income taxes receivable 54
Other current assets 1,824
Total current assets 9,093
Property, plant and equipment, net 3,383
Inventories. noncurrent 1,544
Right-of-use assets, net 90
Other noncurrent assets 3
Total assets 14,113
Current liabilities  
Trade accounts payable 4,217
Income taxes payable 2,556
Accrued expense 2,257
Contract liabilities 916
Line of credit 237
Right-of-use liabilities, current 98
Other current liabilities 96
Total current liabilities 10,752
Contract liabilities, noncurrent 238
Convertible notes, noncurrent 1,695
Warrants 20
Deferred tax liabilities, net 47
Total liabilities 12,752
Stockholders' equity (deficit)  
Common stock, $0.0001 par value; 300,000,000 shares authorized as of March 31, 2024, and December 31, 2023, respectively, and 12,926,296 and 11,956,823 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 1
Additional paid-in capital 38,413
Retained earnings (accumulated deficit) (37,053)
Total Stockholders' equity (deficit) 1,361
Total liabilities and Stockholders' equity 14,113
Related Party  
Current liabilities  
Related party promissory note $ 375