Discontinued Operations (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2024

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations

Assets and liabilities related to Craft C+P were as follows:

(Dollars in thousands)	September 30, 2024		December 31, 2023
Assets
Current assets:
Cash	$	135	$	96
Trade receivables, net		756		396
Inventories		1,071		526
Prepaid expenses and other current assets		678		250
Total current assets		2,640		1,268
Property and equipment, net		4,156		4,598
Right-of-use assets		1,415		1,923
Intangible assets, net		517		827
Other assets, net		210		321
Total Assets	$	8,938	$	8,937
Liabilities
Current liabilities:
Accounts payable	$	2,130	$	1,014
Accrued liabilities		266		110
Deferred revenue		42		88
Current portion of lease liabilities		686		665
Total current liabilities		3,124		1,877
Lease liabilities, net of current portion		843		1,366
Total liabilities	$	3,967	$	3,243

Income and expense related to Craft C+P were as follows for the nine months ended September 30, 2024 and 2023:

(Dollars in thousands)	2024			2023
Sales	$	6,775		$	5,637
Less customer programs and excise taxes		117			79
Net sales		6,658			5,558
Cost of sales		6,322			5,378
Gross profit		336			180
Operating expenses:
Sales and marketing expenses		45			81
General and administrative expenses		2,355			2,103
Gain on disposal of property and equipment		(195	)		(171	)
Total operating expenses		2,205			2,013
Loss from operations		(1,869	)		(1,833	)
Other income (expense), net
Interest expense		-			(12	)
Other income		3			33
Total other income, net		3			21
Loss before income taxes		(1,866	)		(1,812	)
Provision for income taxes		-			-
Net loss	$	(1,866	)	$	(1,812	)

Assets and liabilities related to Craft C+P were as follows as of December 31, 2023 and 2022:

(Dollars in thousands)	2023		2022
Assets
Current assets:
Cash	$	96	$	111
Trade receivables, net		396		422
Inventories		526		992
Prepaid expenses and other current assets		250		442
Total current assets		1,268		1,967
Property and equipment, net		4,598		5,486
Right-of-use assets		1,923		2,714
Intangible assets, net		827		1,241
Other assets, net		321		108
Total Assets	$	8,937	$	11,516
Liabilities
Current liabilities:
Accounts payable	$	1,014	$	654
Accrued liabilities		110		109
Deferred revenue		88		18
Current portion of lease liabilities		665		736
Other current liability, related party		-		173
Total current liabilities		1,877		1,690
Lease liabilities, net of current portion		1,366		2,117
Total liabilities	$	3,243	$	3,807

Income and expense related to Craft C+P were as follows for the years ended December 31, 2023 and 2022:

(Dollars in thousands)	2023			2022
Sales	$	6,817		$	5,626
Less customer programs and excise taxes		105			100
Net sales		6,712			5,526
Cost of sales		6,829			6,341
Gross profit		(117	)		(815	)
Operating expenses:
Sales and marketing expenses		126			85
General and administrative expenses		2,878			3,344
(Gain) loss on disposal of property and equipment		(367	)		65
Total operating expenses		2,637			3,494
Loss from operations		(2,754	)		(4,309	)
Other income (expense), net
Interest expense		(12	)		(44	)
Other income		17			104
Total other income, net		5			60
Loss before income taxes		(2,749	)		(4,249	)
Provision for income taxes		-			-
Net loss	$	(2,749	)	$	(4,249	)