v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
SCHEDULE OF EARNINGS PER SHARE, BASIC AND DILUTED

The following table provides a reconciliation of the numerator and denominator used in computing basic and diluted net income per common share (in thousands, except per share data):

 

   June 30, 2026   June 30, 2025 
   For the Six Months Ended 
   June 30, 2026   June 30, 2025 
   (in thousands) 
Numerator:          
Net Income  $858    1,977 
Effective of dilutive securities   -    - 
Dilutive net income   858    1,977 
           
Denominator:          
Weighted average common shares outstanding – basic   12,428    - 
Dilutive securities (i):   -    - 
Warrants   291    - 
Restricted stock units   -    - 
Weighted average common shares outstanding and assumed conversion - diluted   12,719    - 
           
Basic net income per common share  $0.07    - 
           
Diluted net income per common share  $0.07    - 

 

(i) Anti-dilutive securities excluded
SCHEDULE OF REPORTED SEGMENT REVENUE, SIGNIFICANT SEGMENT EXPENSES, AND PROFIT OR LOSS

The following table presents information about reported segment revenue, significant segment expenses, and profit or loss for the six months ended June 30, 2026 and 2025:

 

   2026   2025   2026   2025 
   Three Months Ended June 30   Six Months Ended June 30 
   2026   2025   2026   2025 
                 
Revenue  $4,508   $3,567   $8,016   $6,547 
Significant Expenses:                    
Cost of goods sold   2,857    1,900    4,979    3,542 
Delivery and handling   152    145    282    273 
Salaries and employee benefits   195    135    374    223 
Stock-based compensation   213    -    213    - 
Depreciation expense   62    70    120    156 
Insurance expense   62    9    129    25 
Facilities related expense   24    42    85    104 
Lease expense   96    41    191    82 
Professional fees   176    44    336    80 
Marketing and promotional   160    24    182    54 
Interest (income)   (149)   (11)   (286)   (26)
Income tax expense   129    9    488    18 
Other expense / (income)   61    (9)   65    39 
Net income (segment profit)  $470   $1,170   $858   $1,977 
SCHEDULE OF REVENUES FROM EXTERNAL CUSTOMERS

Although the Company operates in one segment, revenues from external customers are disaggregated by major product lines as follows:

 

Revenue Source  2026   2025   2026   2025 
   Three Months Ended June 30   Six Months Ended June 30 
Revenue Source  2026   2025   2026   2025 
(in thousands)                
Branded  $2,118   $1,867   $3,868   $3,623 
Private Label/Other   2,390    1,700    4,148    2,924 
Total Revenue  $4,508   $3,567   $8,016   $6,547