BALANCE SHEET COMPONENTS

12 Months Ended

Dec. 31, 2023

BALANCE SHEET COMPONENTS [Abstract]

BALANCE SHEET COMPONENTS

3.  BALANCE SHEET COMPONENTS

Inventory

(in thousands)	December 31, 2023		December 31, 2022
On hand:
Finished goods held for sale	$	33,350	$	35,234
Raw materials and work in process		1,774		925
Inventory in transit		2,869		2,068
TOTAL	$	37,993	$	38,227

Property and Equipment

(in thousands)	December 31, 2023			December 31, 2022
Building	$	9,277		$	9,266
Land		1,451			1,451
Leasehold improvements		1,875			1,870
Equipment and machinery		8,469			7,931
Furniture and fixtures		7,452			7,471
Vehicles		154			135
		28,678			28,124
Less: accumulated depreciation		(18,131	)		(16,962	)
TOTAL	$	10,547		$	11,162

Our property and equipment, net, was located in the following countries:

(in thousands)	December 31, 2023		December 31, 2022
United States	$	10,414	$	10,989
Canada		133		173
Spain		-		-
	$	10,547	$	11,162

Depreciation expense was $1.2 million and $1.2 million for the years ended December 31, 2023 and 2022, respectively.

Short-term Liabilities

Accrued Expenses and Other Liabilities	December 31, 2023		December 31, 2022
(in thousands)
Accrued employee related costs		992		977
Unearned gift card revenue		223		256
Estimated returns		523		527
Sales and payroll taxes payable		1,141		693
Accrued vendor payables		261		228
TOTAL	$	3,140	$	2,681