Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies and Estimates (Tables)

v3.24.1.u1
Significant Accounting Policies and Estimates (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Schedule of Marketable Securities

The Company had the following marketable securities as of December 31, 2023 and 2022 ($ in thousands):

 

    December 31,     December 31,  
    2023     2022  
Marketable Securities                
United States treasury bills (due February 23, 2023)   $       -     $ 492  
United States treasury bills (due April 27, 2023)     -       20  
United States treasury bills (due June 15, 2023)     -       4,384  
United States treasury bills (due July 13, 2023)     -       127  
United States treasury bills (due August 10, 2023)     -       485  
Total   $ -     $ 5,508  
Schedule of Fair Value of Financial Assets

The following table sets forth the fair value of the Company’s financial assets within the fair value hierarchy ($ in thousands):

 

    Level 1     Level 2     Level 3     Fair Value  
          December 31, 2023        
    Level 1     Level 2     Level 3     Fair Value  
Assets                                                
Marketable securities:                                
United States treasury bills   $ -     $ -     $ -     $ -  
Total   $ -     $ -     $ -     $ -  

 

    Level 1     Level 2     Level 3     Fair Value  
          December 31, 2022        
    Level 1     Level 2     Level 3     Fair Value  
Assets                                            
Marketable securities:                                
United States treasury bills   $ 5,508     $ -     $ -     $ 5,508  
Total   $ 5,508     $ -     $ -     $ 5,508  
Schedule of Disaggregated Revenue by Sales Type

Disaggregated revenue by sales type ($ in thousands):

 

    2023     2022  
    Year Ended  
    December 31,  
    2023     2022  
Contract manufacturing   $ 2,748     $ 1,033  
Custom and white label finished goods manufacturing     15       34  
Consumer branded products     1,242       815  
Other     84       166  
Total   $ 4,089     $ 2,048