CONCENTRATIONS OF CREDIT RISK AND ECONOMIC DEPENDENCE	3 Months Ended
Mar. 31, 2023
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF CREDIT RISK AND ECONOMIC DEPENDENCE	NOTE 2 - CONCENTRATIONS OF CREDIT RISK AND ECONOMIC DEPENDENCE Financial instruments that potentially subject the Company to credit risk consist principally of cash and accounts receivable. The Company has no significant off-balance-sheet concentrations of credit risk such as foreign exchange contracts, options contracts or other foreign hedging arrangements. Cash The Company at times has cash with its financial institution in excess of Federal Deposit Insurance Corporation (“FDIC) insurance limits. The Company places its cash with high credit quality financial institutions which minimize the risk of loss. To date, the Company has not experienced any such losses. As of March 31, 2023 and December 31, 2022, the Company had approximately $0, respectively, in excess of FDIC insurance limits. Accounts Receivable The Company grants credit to its customers, located throughout the United States and their international locations. The Company typically does not require collateral from national retail customers. Credit risk is limited due to the financial strength of the customers comprising the Company’s customer base and their dispersion across different geographical regions. The Company monitors exposure of credit losses and maintains allowances for anticipated losses considered necessary under the circumstances. As the Company’s ecommerce revenue starts to increase the makeup of the accounts receivable will change significantly. Stripe is the company that processes online payments for our e-commerce website. We should receive payment from them within 3 days of the product shipment. If the product is shipped through Amazon online platform, it could take between 20 and 30 days for collection. Financial instruments that potentially subject the Company to credit risk, consist principally of cash and accounts receivable. The Company has no significant off-balance-sheet concentrations of credit risk such as foreign exchange contracts, options contracts or other foreign hedging arrangements. Major Customers The Company did not have any major customers from the three months ended March 31, 2023. The Company had two customers who comprised 77% and 17%, respectively, of net revenue during the three months ended March 31, 2022. The lack of major customers is the result of the LED product line no longer being a revenue source and direct-to-consumer sales for the Smart Mirrors in first quarter of 2023. As of December 31, 2022, approximately $7,716 thousand or 100% of accounts receivable was from two customers. Major Vendors The Company did not have any major vendors during the three months ended March 31, 2023. The Company had two vendors from which it purchased 72% and 23%, respectively, of merchandise during the three months ended March 31, 2022. As of December 31, 2022, approximately $3,200 or 8% of accounts payable was due to one vendor.

CONCENTRATIONS OF CREDIT RISK AND ECONOMIC DEPENDENCE

3 Months Ended

Mar. 31, 2023

CONCENTRATIONS OF CREDIT RISK AND ECONOMIC DEPENDENCE

NOTE 2 - CONCENTRATIONS OF CREDIT RISK AND ECONOMIC DEPENDENCE

Financial instruments that potentially subject the Company to credit risk consist principally of cash and accounts receivable. The Company has no significant off-balance-sheet concentrations of credit risk such as foreign exchange contracts, options contracts or other foreign hedging arrangements.

Cash

The Company at times has cash with its financial institution in excess of Federal Deposit Insurance Corporation (“FDIC) insurance limits. The Company places its cash with high credit quality financial institutions which minimize the risk of loss. To date, the Company has not experienced any such losses. As of March 31, 2023 and December 31, 2022, the Company had approximately $0, respectively, in excess of FDIC insurance limits.

Accounts Receivable

The Company grants credit to its customers, located throughout the United States and their international locations. The Company typically does not require collateral from national retail customers. Credit risk is limited due to the financial strength of the customers comprising the Company’s customer base and their dispersion across different geographical regions. The Company monitors exposure of credit losses and maintains allowances for anticipated losses considered necessary under the circumstances. As the Company’s ecommerce revenue starts to increase the makeup of the accounts receivable will change significantly. Stripe is the company that processes online payments for our e-commerce website. We should receive payment from them within 3 days of the product shipment. If the product is shipped through Amazon online platform, it could take between 20 and 30 days for collection.

Financial instruments that potentially subject the Company to credit risk, consist principally of cash and accounts receivable. The Company has no significant off-balance-sheet concentrations of credit risk such as foreign exchange contracts, options contracts or other foreign hedging arrangements.

Major Customers

The Company did not have any major customers from the three months ended March 31, 2023. The Company had two customers who comprised 77% and 17%, respectively, of net revenue during the three months ended March 31, 2022. The lack of major customers is the result of the LED product line no longer being a revenue source and direct-to-consumer sales for the Smart Mirrors in first quarter of 2023.

As of December 31, 2022, approximately $7,716 thousand or 100% of accounts receivable was from two customers.

Major Vendors

The Company did not have any major vendors during the three months ended March 31, 2023. The Company had two vendors from which it purchased 72% and 23%, respectively, of merchandise during the three months ended March 31, 2022. As of December 31, 2022, approximately $3,200 or 8% of accounts payable was due to one vendor.