DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

SCHEDULE OF DISPOSAL GROUPS, INCLUDING DISCONTINUED OPERATIONS

Income and expense related to Craft C+P were as follows for the year ended December 31, 2024:

(Dollars in thousands)	2024
Sales	$	6,903
Less customer programs and excise taxes		120
Net sales		6,783
Cost of sales		6,510
Gross profit		273
Operating expenses:
Sales and marketing expenses		45
General and administrative expenses		2,436
Gain on disposal of property and equipment		(195	)
Total operating expenses		2,286
Loss from operations		(2,013	)
Other income		4
Net loss from discontinued operations		(2,009	)
Loss from disposal of discontinued operations		(4,829	)
Net loss	$	(6,838	)

Assets and liabilities related to Bridgetown Spirits were as follows as of December 31, 2024:

(Dollars in thousands)	2024
Assets
Current assets:
Cash and cash equivalents	$	310
Inventories		1,493
Prepaid expenses and other current assets		75
Accounts receivables, net		134
Current assets of discontinued operations held for sale		2,012
Intangible assets, net		822
Right-of-use assets		372
Property and equipment, net		95
Other assets, net		180
Total Assets	$	3,481
Liabilities
Current liabilities:
Accounts payable	$	136
Accrued liabilities		170
Current portion of lease liabilities		186
Total current liabilities		492
Lease liabilities, net of current portion		163
Total liabilities	$	655

Income and expense related to Bridgetown Spirits and the spirits segment were as follows for the years ended December 31, 2025 and 2024:

	2025			2024
(Dollars in thousands)
Net sales, spirits	$	1,143		$	2,577
Cost of sales, spirits (inclusive of depreciation)		956			2,126
Salaries and benefits		348			559
Marketing and advertising		286			375
Other operating expenses		-			1
Impairment loss		-			3,356
Total operating expenses		1,590			6,417
Loss from operations		(447	)		(3,840	)
Other income		995			-
Net income (loss) from discontinued operations		548			(3,840	)
Loss from disposal of discontinued operations		(1,293	)		-
Net loss	$	(745	)	$	(3,840	)

Assets and liabilities related to Nimble and its subsidiaries were as follows as of December 31, 2024:

(Dollars in thousands)	2024
Assets
Current assets:
Cash and cash equivalents	$	1
Current assets of discontinued operations held for sale		1
Total Assets	$	1
Liabilities
Current liabilities:
Accounts payable	$	7
Accrued liabilities		14
Total current liabilities		21
Total liabilities	$	21

Income and expense related to Nimble and its subsidiaries were as follows for the year ended December 31, 2025 and the period from October 8, 2024 - December 31, 2024:

(Dollars in thousands)	2025			October 8, 2024 - December 31, 2024
Title fees	$	160		$	85
Total net revenues		160			85
Compensation, and benefits		102			71
General and administrative expenses		7			5
Marketing and advertising		-			4
Other operating expenses		18			11
Total operating expenses		127			91
Income (loss) from operations		33			(6	)
Other expense		(249	)		-
Net loss from discontinued operations		(216	)		(6	)
Income from disposal of discontinued operations		246			-
Net income (loss)	$	30		$	(6	)