| Schedule of segment information |
The
following table summarizes revenues, operating loss, and net loss attributable to the Consumer Products segment for the three
and nine months ended June 30, 2026 and 2025 (in thousands):
Schedule of segment information
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three
months ended June 30, | | |
Nine
months ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Net sales | |
$ | 3,392 | | |
$ | 2,673 | | |
$ | 9,638 | | |
$ | 2,673 | |
| Cost of goods sold: | |
| | | |
| | | |
| | | |
| | |
| Direct | |
| 2,261 | | |
| 2,349 | | |
| 6,043 | | |
| 2,349 | |
| Indirect | |
| 227 | | |
| 293 | | |
| 362 | | |
| 293 | |
| Total cost of goods sold | |
| 2,488 | | |
| 2,642 | | |
| 6,405 | | |
| 2,642 | |
| Gross profit | |
| 904 | | |
| 31 | | |
| 3,233 | | |
| 31 | |
| Segment expenses: | |
| | | |
| | | |
| | | |
| | |
| Discretionary marketing | |
| 595 | | |
| 368 | | |
| 1,377 | | |
| 368 | |
| Outbound freight | |
| 1 | | |
| 6 | | |
| 13 | | |
| 6 | |
| Other
segment expenses (a) | |
| 3,509 | | |
| 8,263 | | |
| 10,652 | | |
| 8,263 | |
| Total segment expenses | |
| 4,105 | | |
| 8,637 | | |
| 12,042 | | |
| 8,637 | |
| Loss from operations | |
| (3,201 | ) | |
| (8,606 | ) | |
| (8,809 | ) | |
| (8,606 | ) |
| Other expense (income): | |
| | | |
| | | |
| | | |
| | |
| Interest income (expense),
net | |
| 569 | | |
| (30 | ) | |
| 3,637 | | |
| (30 | ) |
| Loss on extinguishment
of debt | |
| (469 | ) | |
| — | | |
| 2,588 | | |
| — | |
| Change in fair value of
digital assets | |
| 1,410 | | |
| — | | |
| 4,768 | | |
| — | |
| Change in fair value of
equity securities | |
| (12 | ) | |
| — | | |
| 481 | | |
| — | |
| Change in fair value of
derivative liabilities | |
| (578 | ) | |
| — | | |
| (1,170 | ) | |
| — | |
| Bargain purchase gain | |
| — | | |
| (1,693 | ) | |
| — | | |
| (1,693 | ) |
| Other
income, net | |
| 19 | | |
| (32 | ) | |
| 16 | | |
| (32 | ) |
| Total other expense, net | |
| 939 | | |
| (1,755 | ) | |
| 10,320 | | |
| (1,755 | ) |
| Income tax expense | |
| — | | |
| — | | |
| 6 | | |
| — | |
| Net loss | |
$ | (4,140 | ) | |
$ | (6,851 | ) | |
$ | (19,135 | ) | |
$ | (6,851 | ) |
| (a) | Other segment expenses include employee
compensation and benefits, share based compensation, non-cash charges, other sales and marketing costs, professional fees, broker commissions,
and other general expenses |
|
| Schedule of revenue by geography |
Revenue
by geography is based on where the customer is based. Summary financial data attributable to various geographic regions for the periods
indicated is as follows:
Schedule of revenue by geography
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three
Months Ended June 30, | | |
Nine
Months Ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| United States | |
$ | 2,260 | | |
$ | 1,852 | | |
$ | 7,828 | | |
$ | 1,852 | |
| Canada | |
| 51 | | |
| 207 | | |
| 1,530 | | |
| 604 | |
| Asia | |
| 1,068 | | |
| 604 | | |
| 267 | | |
| 207 | |
| Central America | |
| 13 | | |
| 10 | | |
| 13 | | |
| 10 | |
| Total | |
$ | 3,392 | | |
$ | 2,673 | | |
$ | 9,638 | | |
$ | 2,673 | |
|