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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities          
Net (loss) income $ (8,486,000) $ (5,445,000) $ (6,398,000) $ (4,638,000) $ 230,000
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:          
Depreciation 105,000 238,000 287,000 228,000 246,000
Amortization of deferred financing costs     47,000 45,000
Provision for estimated cost of returns 1,301,000 1,820,000 (1,364,000) 128,000 (156,000)
Provision for inventory obsolesence 271,000 1,798,000 536,000 (272,000)
Credit losses 14,000 7,000 8,000 43,000 (16,000)
Operating lease impairment expense 3,878,000      
(Gain) loss from disposal of property and equipment 3,000 (44,000) 3,000 4,000
Stock based compensation 36,000 138,000 110,000 382,000 44,000
Amortization of right of use assets 20,000 316,000 510,000 718,000 795,000
Change in net deferred tax assets 1,399,000 893,000 (5,000)
Loss on debt extinguishment     183,000
Paycheck Protection Plan loan forgiveness     (448,000)
Gain - related party     (11,000)
Gain from extinguishment of accounts payable     (48,000) (339,000)
Changes in operating assets and liabilities:          
Accounts receivable 4,945,000 6,303,000 (5,241,000) 667,000 (558,000)
Due from banks (187,000) 101,000 4,456,000
Accounts receivable – related parties (145,000) 87,000 (30,000) (87,000) (64,000)
Inventories (38,000) (1,714,000) 415,000 3,858,000 (8,244,000)
Prepaid expenses and other current assets 69,000 (167,000) 215,000 78,000 (123,000)
Other non-current assets (64,000) (135,000) 76,000 (38,000) 61,000
Accounts payable (3,940,000) 560,000 5,847,000 (3,511,000) 3,217,000
Accrued expenses (771,000) (1,939,000) 348,000 533,000 77,000
Due to related parties     (63,000)
Customer deposits (572,000)      
Refunds due to customer (649,000) 577,000 1,743,000 (139,000)
Prepaids from customers     103,000 485,000 (47,000)
Reserve for sales returns (1,217,000) (2,604,000) 2,490,000 (90,000) 30,000
Operating lease liabilities 291,000 (329,000) (462,000) (738,000) (795,000)
Net cash provided by (used in) operating activities (5,410,000) (614,000) 411,000 (330,000) (2,012,000)
Cash flows from investing activities          
Purchase of property and equipment (6,000) (137,000) (68,000) (244,000) (118,000)
Disposal of property and equipment     54,000
Net cash used in investing activities (6,000) (137,000) (14,000) (244,000) (118,000)
Cash flows from financing activities          
Proceeds from issuance of stock, net of offering costs 1,640,000 3,529,000 3,393,000 9,001,000
Payment of redemption and retirement of treasury stock     (7,162,000)
Collection of subscriptions receivable     6,000
Net (payment) proceeds from revolving lines of credit (1,761,000) (2,500,000) 2,435,000
Payment of subordinated note payable - Starlight Marketing Development, Ltd.     (353,000) (150,000)
Payment of deferred financing charges     (254,000) (38,000)
Payment of early termination fees on revolving lines of credit     (183,000)
Payments on installment notes     (124,000) (74,000) (68,000)
Proceeds from exercise of stock options     14,000
Proceeds from exercise of common stock warrants     990,000
Proceeds from exercise of pre-funded warrants     168,000
Payments on finance leases     (9,000) (8,000)
Other (42,000) (33,000)      
Net cash provided by financing activities (42,000) (154,000) 3,411,000 1,178,000 4,024,000
Net change in cash (5,458,000) (905,000) 3,808,000 604,000 1,894,000
Cash at beginning of year 6,703,000 2,795,000 2,895,000 2,291,000 397,000
Cash at end of period 1,245,000 1,890,000 6,703,000 2,895,000 2,291,000
Supplemental disclosures of cash flow information:          
Cash paid for interest 40,000 24,000 44,000 481,000 547,000
Equipment purchased under capital lease $ 55,000      
Cash paid for income taxes     34,000
Non-Cash investing and financing cash flow information:          
Equipment purchased under capital lease     55,000 24,000
Issuance of common stock and warrants for offering costs     244,000 548,000
Right of use assets exchanged for lease liabilities     $ 3,874,000 $ 192,000 $ 16,000