v3.26.1
Note 13 - Avenova Asset Divestiture and Bridge Loan (Tables)
12 Months Ended
Dec. 31, 2025
Avenova Assets [Member]  
Notes Tables  
Disposal Groups, Including Discontinued Operations [Table Text Block]
   

As of

December 31,

2024

 

ASSETS

       

Current assets:

       

Accounts receivable, net

  $ 352  

Inventory, net

    765  

Prepaid expenses and other current assets

    62  

Total current assets, discontinued operations

    1,179  

Property and equipment, net, discontinued operations

    9  

Total assets, discontinued operations

  $ 1,188  
         

LIABILITIES

       

Liabilities:

       

Current liabilities:

       

Accounts payable

  $ 471  

Accrued liabilities

    676  

Total current liabilities, discontinued operations

  $ 1,147  
   

For the years ended

December 31,

 
   

2025

   

2024

 
                 

Net sales

  $ 433     $ 9,781  

Cost of goods sold

    170       3,300  

Gross profit

    263       6,481  

Operating expenses:

               

Research and development

          2  

Sales and marketing

    224       4,034  

Total operating expenses

    224       4,036  

Operating income

    39       2,445  

Gain on divestiture

    10,700        

Net income from discontinued operations before income taxes

    10,739       2,445  

Provision for income taxes

    230        
                 

Net income from discontinued operations, net of taxes

  $ 10,509     $ 2,445  
   

For the years ended

December 31,

 
   

2025

   

2024

 
                 

Operating activities:

               

Net income from discontinued operations, net of taxes

  $ 10,509     $ 2,445  

Adjustments to reconcile net loss to net cash used in operating activities:

               

Non-cash gain on divestiture

    (10,700 )      

Changes in operating assets and liabilities:

               

Accounts receivable

    (89 )     43  

Inventory

    73       (264 )

Prepaid expenses and other current assets

          (16 )

Other assets

    9       5  

Accounts payable and accrued liabilities

    (252 )     199  

Net cash (used in) provided by operating activities, discontinued operations

    (450 )     2,412  
                 

Investing activities:

               

Proceeds from divestiture

    11,000        

Net cash provided by investing activities, discontinued operations

    11,000        
                 

Net increase in cash and cash equivalents, discontinued operations

  $ 10,550     $ 2,412