BALANCE SHEET COMPONENTS

12 Months Ended

Dec. 31, 2024

3. BALANCE SHEET COMPONENTS

Inventory

(in thousands)	December 31, 2024		December 31, 2023
On hand:
Finished goods held for sale	$	31,022	$	33,350
Raw materials and work in process		1,819		1,774
Inventory in transit		2,715		2,869
TOTAL	$	35,556	$	37,993

Property and Equipment

(in thousands)	December 31, 2024			December 31, 2023
Building	$	10,289		$	9,277
Land		1,451			1,451
Leasehold improvements		2,244			1,875
Equipment and machinery		8,937			8,469
Furniture and fixtures		8,556			7,452
Vehicles		178			154
		31,655			28,678
Less: accumulated depreciation		(19,320	)		(18,131	)
TOTAL	$	12,335		$	10,547

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

Depreciation expense was $1.2 million for both the years ended December 31, 2024 and 2023, respectively.

Short-term Liabilities

Accrued Expenses and Other Liabilities	December 31, 2024		December 31, 2023
(in thousands)
Accrued employee related costs		701		1,849
Unearned gift card revenue		320		223
Estimated returns		190		523
Sales and payroll taxes payable		546		283
Accrued vendor payables		314		262
Other Short Term Liability ⁽¹⁾		1,500		-
TOTAL	$	3,571	$	3,140

(1)	This was the earnest money we received as downpayment for the sales of our corporate property and is also a part of our ending cash balance.