v3.25.1
DECONSOLIDATION OF SUBSIDIARIES AND GIGA DISCONTINUED OPERATIONS (Tables)
 3 Months Ended
Mar. 31, 2025
Deconsolidation Of Subsidiaries And Giga Discontinued Operations  
Schedule of operations
          
   For the Three Months Ended 
   March 31, 
   2025   2024 
Revenue, products  $-   $9,573,000 
Cost of revenue, products   -    8,063,000 
Gross profit   -    1,510,000 
Operating expenses          
Research and development   -    961,000 
Selling and marketing   -    612,000 
General and administrative   -    3,415,000 
Total operating expenses   -    4,988,000 
Loss from operations   -    (3,478,000)
Other income (expense):          
Interest and other income   -    60,000 
Interest expense   -    (852,000)
Total other income (expense), net   -    (792,000)
Loss before income taxes   -    (4,270,000)
Income tax benefit   -    (43,000)
Net loss   -    (4,227,000)
Net loss attributable to non-controlling interest   -    891,000 
Net loss available to common stockholders  $-   $(3,336,000)
Schedule of statement of cash flows
          
   For the Three Months Ended March 31, 
   2025   2024 
Cash flows from operating activities:          
Net loss  $-   $(4,227,000)
Adjustments to reconcile net loss to net cash provided by operating activities:          
Depreciation and amortization   -    194,000 
Amortization of right-of-use assets   -    196,000 
Amortization of intangibles   -    103,000 
Stock-based compensation   -    (858,000)
Changes in operating assets and liabilities:          
Accounts receivable   -    38,000 
Inventories   -    527,000 
Prepaid expenses and other current assets   -    581,000 
Lease liabilities   -    (219,000)
Accounts payable and accrued expenses   -    3,079,000 
Net cash used in operating activities   -    (586,000)
Cash flows from investing activities:          
Purchase of property and equipment   -    (51,000)
Net cash used in investing activities   -    (51,000)
Cash flows from financing activities:          
Payments on notes payable   -    (517,000)
Cash contributions from parent   -    1,472,000 
Net cash provided by financing activities   -    955,000 
           
Effect of exchange rate changes on cash and cash equivalents   -    45,000 
           
Net increase in cash and cash equivalents and restricted cash   -    363,000 
           
Cash and cash equivalents and restricted cash at beginning of period   -    4,301,000 
           
Cash and cash equivalents and restricted cash at end of period  $-   $4,664,000 
           
Supplemental disclosures of cash flow information:          
Cash paid during the period for interest  $-   $507,000