v3.26.1
SEGMENTS
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENTS
14. SEGMENTS
The Company has two operating segments, each its own reportable segment, based on its major lines of business: the Cultivation and Gardening segment, composed of the Company's hydroponic and organic gardening business; and the Storage Solutions segment, composed of the Company's benching, racking, and storage solutions business.
In addition to sales by operating segment, which represent the Company's principal lines of business, the chief operating decision maker ("CODM") evaluates the Company's operations by regularly reviewing sales by major product line, including proprietary brands, non-proprietary brands, and commercial fixtures, and by product type, including consumable and durable products. The profit measure that is evaluated for each reportable segment is based on income from operations with identifiable expenses allocated to each reporting unit from which the expense line item was derived.
The CODM compares actual results to prior year and current year budgeted income statements to identify areas for improvement and make capital allocation decisions. The CODM uses gross profit measures to evaluate pricing decisions and product mix, also reviewing proprietary brand versus non-proprietary brand sales to assess the Company’s progress with key performance initiatives. The Company's CODM is the chief executive officer.

Disaggregated revenue by segment is presented in the following tables.

Three Months Ended June 30,Six Months Ended June 30,
Net sales2026202520262025
Cultivation and Gardening
Proprietary brand sales$13,839 $10,503 $25,642 $20,386 
Non-proprietary brand sales21,061 22,358 41,155 43,386 
Total Cultivation and Gardening34,900 32,861 66,797 63,772 
Storage Solutions
Commercial fixture sales8,315 8,102 14,809 12,894 
Total Storage Solutions8,315 8,102 14,809 12,894 
Total$43,215 $40,963 $81,606 $76,666 

Three Months Ended June 30,Six Months Ended June 30,
Net sales2026202520262025
Cultivation and Gardening (1)
Consumables$25,116 $26,183 $48,118 $49,617 
Durables9,784 6,678 18,679 14,155 
Total Cultivation and Gardening34,900 32,861 66,797 $63,772 
Storage Solutions
Durables8,315 8,102 14,809 $12,894 
Total Storage Solutions8,315 8,102 14,809 $12,894 
Total$43,215 $40,963 $81,606 $76,666 
(1) During the first quarter of 2026, the Company internally began viewing certain items' product type designations (i.e., consumable or durable) differently. Comparative prior period disclosures have been reclassified to conform to the current period segment presentation.
Selected disaggregated information by segment, including significant segment expenses, is presented in the following tables for the three and six months ended:

Three Months Ended June 30, 2026
Cultivation & GardeningStorage SolutionsTotal
Net sales$34,900 $8,315 $43,215 
Cost of sales25,890 5,005 30,895 
Gross profit9,010 3,310 12,320 
Operating expenses
Store operations and other operational expenses:
Employee costs1,913 759 2,672 
Facilities1,728 335 2,063 
External service providers101 22 123 
Other segment items (1)
1,066 219 1,285 
Total store operations and other operational expenses4,808 1,335 6,143 
Segment income from operations4,202 1,975 6,177 
Other corporate operating expenses
Selling, general, and administrative6,458 
Estimated credit losses336 
Depreciation and amortization1,504 
Impairment loss220 
Total other corporate expenses8,518 
Loss from operations(2,341)
Other income347 
Net loss before taxes$(1,994)
(1) Other segment items for each reportable segment include travel expenses, transaction fees, and other miscellaneous expenses.
Six Months Ended June 30, 2026
Cultivation & GardeningStorage SolutionsTotal
Net sales$66,797 $14,809 $81,606 
Cost of sales50,619 8,927 59,546 
Gross profit16,178 5,882 22,060 
Operating expenses
Store operations and other operational expenses:
Employee costs3,855 1,495 5,350 
Facilities3,762 740 4,502 
External service providers169 39 208 
Other segment items (1)
2,101 383 2,484 
Total store operations and other operational expenses9,887 2,657 12,544 
Segment income from operations6,291 3,225 9,516 
Other corporate operating expenses
Selling, general, and administrative13,384 
Estimated credit losses403 
Depreciation and amortization3,115 
Impairment loss220 
Total other corporate expenses17,122 
Loss from operations(7,606)
Other income671 
Net loss before taxes$(6,935)
(1) Other segment items for each reportable segment include travel expenses, transaction fees, and other miscellaneous expenses.
Three Months Ended June 30, 2025
Cultivation & GardeningStorage SolutionsTotal
Net sales$32,861 $8,102 $40,963 
Cost of sales24,696 4,673 29,369 
Gross profit8,165 3,429 11,594 
Operating expenses
Store operations and other operational expenses:
Employee costs2,480 692 3,172 
Facilities2,645 402 3,047 
External service providers247 2 249 
Other segment items (1)
1,220 179 1,399 
Total store operations and other operational expenses6,592 1,275 7,867 
Segment income from operations1,573 2,154 3,727 
Other corporate operating expenses
Selling, general, and administrative6,151 
Estimated credit losses163 
Depreciation and amortization2,687 
Total other corporate expenses9,001 
Loss from operations(5,274)
Other income463 
Net loss before taxes$(4,811)
(1) Other segment items for each reportable segment include travel expenses, transaction fees, and other miscellaneous expenses.
Six Months Ended June 30, 2025
Cultivation & GardeningStorage SolutionsTotal
Net sales$63,772 $12,894 $76,666 
Cost of sales47,703 7,662 55,365 
Gross profit16,069 5,232 21,301 
Operating expenses
Store operations and other operational expenses:
Employee costs5,141 1,439 6,580 
Facilities5,401 796 6,197 
External service providers342 16 358 
Other segment items (1)
3,077 447 3,524 
Total store operations and other operational expenses13,961 2,698 16,659 
Segment income from operations2,108 2,534 4,642 
Other corporate operating expenses
Selling, general, and administrative13,263 
Estimated credit losses255 
Depreciation and amortization6,272 
Total other corporate expenses19,790 
Loss from operations(15,148)
Other income960 
Net loss before taxes$(14,188)
(1) Other segment items for each reportable segment include travel expenses, transaction fees, and other miscellaneous expenses.

The Company does not evaluate segments by assets or capital expenditures as it is not practical and does not inform any of its decision making processes. The CODM neither reviews nor requests this information.