Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Mar. 29, 2024 | Jun. 30, 2023 | |
Document Information [Line Items] | |||
Entity Central Index Key | 0001063537 | ||
Entity Registrant Name | RiceBran Technologies | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2023 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2023 | ||
Document Transition Report | false | ||
Entity File Number | 001-36245 | ||
Entity Incorporation, State or Country Code | CA | ||
Entity Tax Identification Number | 87-0673375 | ||
Entity Address, Address Line One | 25420 Kuykendahl Rd., Suite B300 | ||
Entity Address, City or Town | Tomball | ||
Entity Address, State or Province | TX | ||
Entity Address, Postal Zip Code | 77375 | ||
City Area Code | 281 | ||
Local Phone Number | 675-2421 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
ICFR Auditor Attestation Flag | false | ||
Document Financial Statement Error Correction [Flag] | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 10,400,000 | ||
Entity Common Stock, Shares Outstanding | 10,002,902 | ||
Auditor Firm ID | 100 | ||
Auditor Name | Withum Smith+Brown, PC | ||
Auditor Location | Whippany, New Jersey |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Current assets: | ||
Cash and cash equivalents | $ 1,139 | $ 3,941 |
Accounts receivable, net of allowance for credit losses of $32 and $27 | 2,824 | 3,703 |
Inventories | 543 | 465 |
Other current assets | 308 | 735 |
Current assets held for sale | 0 | 2,224 |
Total current assets | 4,814 | 11,068 |
Property and equipment, net | 4,238 | 6,020 |
Operating lease right-of-use assets | 0 | 77 |
Intangible assets | 270 | 380 |
Long-term assets held for sale | 0 | 9,888 |
Total assets | 9,322 | 27,433 |
Current liabilities: | ||
Accounts payable | 1,549 | 1,232 |
Commodities payable | 2,466 | 1,546 |
Accrued salary, wages and benefits | 316 | 489 |
Accrued legal | 1,985 | 595 |
Accrued expenses | 434 | 500 |
Operating lease liabilities, current portion | 0 | 107 |
Due under line of credit | 1,866 | 3,150 |
Due under insurance premium finance agreements | 75 | 185 |
Finance lease liabilities, current portion | 132 | 113 |
Long-term debt, current portion | 137 | 988 |
Current liabilities held for sale | 0 | 540 |
Total current liabilities | 8,960 | 11,277 |
Finance lease liabilities, less current portion | 402 | 320 |
Long-term debt, less current portion | 2,960 | 836 |
Derivative warrant liability | 0 | 69 |
Long-term liabilities held for sale | 0 | 2,022 |
Total liabilities | 12,322 | 14,524 |
Commitments and contingencies | ||
Shareholders' (deficit) equity: | ||
Preferred stock, 20,000,000 shares authorized: Series G, convertible, 3,000 shares authorized, stated value $150, 150 shares, issued and outstanding | 75 | 75 |
Common stock, no par value, 15,000,000 shares authorized, 9,513,341 shares and 6,309,509 shares, issued and outstanding | 330,202 | 328,551 |
Accumulated deficit | (333,277) | (315,717) |
Total shareholders' (deficit) equity | (3,000) | 12,909 |
Total liabilities and shareholders' (deficit) equity | 9,322 | 27,433 |
Line of Credit With Bank [Member] | ||
Current liabilities: | ||
Due under line of credit | $ 0 | $ 1,832 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Allowance for credit losses | $ 32 | $ 27 |
Preferred stock, shares authorized (in shares) | 20,000,000 | 20,000,000 |
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, authorized (in shares) | 15,000,000 | 15,000,000 |
Common stock, issued (in shares) | 9,513,341 | 6,309,509 |
Common stock, outstanding (in shares) | 9,513,341 | 6,309,509 |
Series G Preferred Stock [Member] | ||
Preferred stock, shares authorized (in shares) | 3,000 | 3,000 |
Preferred stock, stated value (in dollars per share) | $ 150 | $ 150 |
Preferred stock, shares issued (in shares) | 150 | 150 |
Preferred stock, shares outstanding (in shares) | 150 | 150 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Revenues | $ 22,649 | $ 26,647 |
Cost of goods sold | 23,060 | 27,410 |
Gross loss | (411) | (763) |
Selling, general and administrative expenses | 5,944 | 5,397 |
Property and equipment impairment | 1,542 | 0 |
Loss from continuing operations before other income (expense) | (7,897) | (6,160) |
Interest expense | (672) | (516) |
Interest income | 25 | 22 |
Change in fair value of derivative warrant liability | 69 | 189 |
Other income | 266 | 7 |
Other expense | (330) | (183) |
Loss from continuing operations before income taxes | (8,539) | (6,641) |
Income tax expense | (12) | (19) |
Loss from continuing operations | (8,551) | (6,660) |
Loss from discontinued operations | (9,009) | (1,198) |
Net loss | $ (17,560) | $ (7,858) |
Basic and diluted loss per common share: | ||
Continuing operations (in dollars per share) | $ (1.22) | $ (1.21) |
Discontinued operations (in dollars per share) | (1.29) | (0.21) |
Earnings Per Share, Basic (in dollars per share) | $ (2.51) | $ (1.42) |
Weighted average number of shares outstanding: | ||
Basic (in shares) | 6,992,358 | 5,514,671 |
Diluted (in shares) | 6,992,358 | 5,514,671 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' (Deficit) Equity - USD ($) $ in Thousands | Stock Units Issued (SUI) [Member] Preferred Stock [Member] | Stock Units Issued (SUI) [Member] Common Stock [Member] | Stock Units Issued (SUI) [Member] Retained Earnings [Member] | Stock Units Issued (SUI) [Member] | Preferred Stock [Member] | Common Stock [Member] | Retained Earnings [Member] | Total |
Balance (in shares) at Dec. 31, 2021 | 150 | 5,158,967 | ||||||
Balance at Dec. 31, 2021 | $ 75 | $ 326,279 | $ (307,859) | $ 18,495 | ||||
Sales of common stock and common stock warrants, net of costs (in shares) | 0 | 675,000 | ||||||
Sales of common stock and common stock warrants, net of costs | $ 0 | $ 986 | 0 | 986 | ||||
Common stock awards under equity incentive plans (in shares) | 0 | 137,695 | ||||||
Common stock awards under equity incentive plans | $ 0 | $ 1,261 | 1,261 | |||||
Exercise of common stock warrant (in shares) | 0 | 325,000 | ||||||
Exercise of common stock warrant | $ 0 | $ 0 | 0 | 0 | ||||
Common stock issued to vendors (in shares) | 0 | 0 | 0 | 2,400 | ||||
Common stock issued to vendors | $ 0 | $ 15 | $ 0 | $ 15 | $ 0 | $ 10 | 0 | 10 |
Other (in shares) | 0 | 10,447 | ||||||
Net loss | $ 0 | $ 0 | (7,858) | (7,858) | ||||
Balance (in shares) at Dec. 31, 2022 | 150 | 6,309,509 | ||||||
Balance at Dec. 31, 2022 | $ 75 | $ 328,551 | (315,717) | 12,909 | ||||
Sales of common stock and common stock warrants, net of costs (in shares) | 0 | 2,851,032 | ||||||
Sales of common stock and common stock warrants, net of costs | $ 0 | $ 1,155 | 0 | 1,155 | ||||
Common stock awards under equity incentive plans (in shares) | 0 | 290,935 | ||||||
Common stock awards under equity incentive plans | $ 0 | $ 412 | 412 | |||||
Common stock issued to vendors (in shares) | 0 | 59,465 | 0 | 2,400 | ||||
Common stock issued to vendors | $ 0 | $ 4 | $ 0 | $ 4 | $ 0 | $ 80 | 0 | 80 |
Net loss | $ 0 | $ 0 | (17,560) | (17,560) | ||||
Balance (in shares) at Dec. 31, 2023 | 150 | 9,513,341 | ||||||
Balance at Dec. 31, 2023 | $ 75 | $ 330,202 | $ (333,277) | $ (3,000) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Cash flow from operating activities: | ||
Net loss | $ (17,560) | $ (7,858) |
Loss from discontinued operations | (9,009) | (1,198) |
Loss from continuing operations | (8,551) | (6,660) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation | 929 | 866 |
Amortization | 110 | 147 |
Stock and share-based compensation | 496 | 1,204 |
Change in fair value of derivative warrant liability | (69) | (189) |
Impairment of Golden Ridge assets | (1,542) | 0 |
Other | 0 | 11 |
Changes in operating assets and liabilities: | ||
Accounts receivable | 879 | 369 |
Inventories | (78) | 309 |
Accounts payable and accrued expenses | 1,470 | 433 |
Commodities payable | 921 | (156) |
Other | 144 | (129) |
Net cash used in operating activities of continuing operations | (2,207) | (3,795) |
Net cash used in operating activities of discontinued operations | (211) | (141) |
Net cash used in operating activities | (2,418) | (3,936) |
Cash flows from investing activities: | ||
Purchases of property and equipment | (689) | (225) |
Net cash used in investing activities of continuing operations | (689) | (225) |
Net cash provided by (used in) investing activities of discontinued operations | 1,679 | (229) |
Net cash provided by (used in) investing activities | 990 | (454) |
Cash flows from financing activities: | ||
Advances on long-term debt and finance lease agreements | 3,863 | 0 |
Payments of long-term debt and finance lease liabilities | (2,061) | (1,286) |
Proceeds from issuances of common stock and warrants, net of cash issuance costs | 400 | 1,256 |
Net cash provided by (used in) financing activities of continuing operations | (914) | 2,530 |
Net cash used in financing activities of discontinued operations | (460) | (24) |
Net cash provided by (used in) financing activities | (1,374) | 2,506 |
Net change in cash and cash equivalents | (2,802) | (1,884) |
Cash and cash equivalents, beginning of period | 3,941 | 5,825 |
Cash and cash equivalents, end of period | 1,139 | 3,941 |
Net change in cash and cash equivalents | (2,802) | (1,884) |
Factoring Agreement [Member] | ||
Cash flows from financing activities: | ||
Proceeds from Long-Term Lines of Credit | 26,002 | 38,117 |
Payments on factoring agreement | (27,286) | (38,346) |
Line of Credit With Bank [Member] | ||
Cash flows from financing activities: | ||
Proceeds from Long-Term Lines of Credit | 37 | 2,789 |
Payments on bank line of credit | $ (1,869) | $ 0 |
Note 1 - Business and Summary o
Note 1 - Business and Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block] | NOTE 1. Business We are a specialty ingredient company focused on the development, production, and marketing of products derived from traditional and ancient small grains. We create and produce products utilizing proprietary processes to deliver improved nutrition, ease of use, and extended shelf-life, while addressing consumer demand for all natural, non-GMO and organic products. Segment Reporting Given the integrated nature of the products we produce and the facility in which we produce them, we have one one Recent Accounting Guidance Recent accounting standards not The following discusses the accounting standard(s) not In December 2023, 2023 09, 2023 09 December 15, 2024, may not Recently adopted accounting standards In June 2016, ASU No. 2016 13 Financial Instruments Credit Losses (Topic 326 Measurement of Credit Losses on Financial Instruments January 1, 2023. no January 1, 2023. Summary of Significant Accounting Policies Basis of Presentation and Principles of Consolidation Use of Estimates Reclassifications no 3 Cash and Cash Equivalents three may not not Accounts Receivable and Allowance for Credit Losses may not Inventories Property and Equipment Impairment of Long-lived Assets may not not Intangible Assets may not may not not Leases We recognize right-of-use assets and lease liabilities based on the present value of the future minimum lease payments over the lease term, beginning at the commencement date, for leases exceeding a year. Minimum lease payments include the fixed lease components of the lease and any variable rate payments that depend on an index, initially measured using the index at the lease commencement date. Lease terms may In determining our right-of-use assets and lease liabilities, we apply a discount rate to the minimum lease payments within each lease. When we cannot readily determine the discount rate implicit in a lease, we utilize our incremental borrowing rate, the rate of interest that we would incur to borrow, on a collateralized basis over a similar term, an amount equal to the lease payments in a similar economic environment. To estimate the incremental borrowing rate, we reference a market yield curve consistent with our assessment of our credit quality. We recognize operating lease expense related to the minimum lease payments on a straight-line basis over the lease term. For finance leases, we recognize amortization expense related to the minimum lease payments on a straight-line basis over the lease term while interest expense is recognized using the effective interest method. Expense related to variable lease payments that do not Revenue Recognition We measure revenue as the amount of consideration we expect to receive in exchange for fulfilling product orders. Incidental items that are immaterial in the context of the contract are recognized as expense. Our contracts do not may We capitalize the incremental costs of obtaining a revenue contract and amortized those costs on a straight-line basis over the expected customer relationship period if we expect to recover those costs. As a practical expedient, we expense costs to obtain a contract as incurred if the amortization period would have been a year or less. Typically, costs to incur revenue contracts are not Discontinued Operations - may 1 2 3 Selling, General and Administrative Expenses Share-Based Compensation no We have outstanding common stock options as of December 31, 2023 2022. We recognize forfeitures of employee and director awards as they occur. In the event an employee or director terminates service prior to the vesting of an award, we reverse the entire amount of previously recognized compensation expense related to the award. Share-based compensation for awards to non-employees is calculated as of the grant date, taking into consideration the probability of satisfaction of performance conditions, in a manner consistent with awards to employees. The expense associated with share-based awards for service is recognized over the term of service. In the event services are terminated early or we require no Income Taxes We measure deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which temporary differences are expected to be recovered or settled. We recognized deferred tax assets for deductible temporary differences and operating loss and tax credit carryforwards. When necessary, we establish a valuation allowance to reduce that deferred tax asset if it is more likely than not not may may may may no We recognize interest and penalties related to uncertain tax positions, if any, in selling, general and administrative expenses. Fair Value may may We assess the inputs used to measure fair value using a three ● Level 1 ● Level 2 ● Level 3 not |
Note 2 - Going Concern and Mana
Note 2 - Going Concern and Management's Plan | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Substantial Doubt about Going Concern [Text Block] | NOTE 2. ’ S PLAN The Company has incurred losses and generated negative cash flows from operations since its inception. As of December 31, 2023, Our history of operating losses and negative operating cash flows from continuing operations raises substantial doubt about our ability to continue as a going concern within one December 2023, On December 1, 2023, Related to this financing, Funicular was also granted warrants to purchase up to 5.0 million shares of common stock of the Company. If Funicular exercised all its warrants, it would own 49.8% of the Company. The Company also exchanged existing warrants with other investors to purchase an aggregate 2.2 million shares of common stock of the Company for an aggregate of approximately 0.6 million shares of common stock of the Company and new warrants to purchase 1.2 million shares of common stock of the Company. With the proceeds of this financing, the Company repaid its $1.5 million mortgage note (see Note 9 On January 25, 2024, The Company also believes additional cash can be secured through other debt or structured equity financing, if necessary. However, there can be no not |
Note 3 - Discontinued Operation
Note 3 - Discontinued Operations | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | NOTE 3. We continuously assess the composition of our portfolio to ensure it is aligned with our strategic objectives and positioned to maximize return to our shareholders. On June 23, 2023, The proceeds, net of expenses, of $1.4 million, and the net carrying value of the SRB Business assets and liabilities assumed as of the date of sale at $10.0 million resulted in our recognition of a loss on sale of $8.6 million. The loss on sale includes no not In consideration of the Lender’s (as defined below) consent to the sale and release of securities interests and liens on SRB Business assets, we paid a portion of the amount outstanding on our mortgage promissory note, not Purchase price $ 1,800 Expenses as of June 30, 2023 (375 ) Net proceeds $ 1,425 Repayment of mortgage promissory note $ 450 Payment of paid time off liabilities 215 $ 665 The following table summarizes the carrying amounts of the SRB Business as of June 23, 2023, Inventories $ 2,252 Other current assets 185 Property and equipment 7,710 Operating lease right of use assets 1,566 Total assets 11,713 Accrued expenses 9 Operating lease liabilities 1,668 Finance lease liabilities 12 Long-term debt 14 Total liabilities 1,703 Net assets sold $ 10,010 The buyer of the SRB business did not not June 23, 2023, We determined that the disposal met the criteria for presentation as discontinued operations in the second 2023. December 31, 2022. June 23, 2023, two The following table summarizes the major line items included in loss from discontinued operations related to the SRB Business and divestiture (in thousands). December 31 2023 2022 Revenues $ 6,857 $ 14,970 Cost of goods sold (6,796 ) (14,966 ) Selling, general and administrative expenses (457 ) (1,293 ) Interest expense (28 ) (56 ) Loss from operations of discontinued operations (424 ) (1,345 ) Gain (loss) on sale (8,585 ) 147 Loss from discontinued operations $ (9,009 ) $ (1,198 ) Depreciation included in cost of goods sold $ 646 $ 1,238 Capital expenditures $ 111 $ 964 The following table summarizes the major line items included in cash flows from discontinued operations related to the SRB Business and divestiture (in thousands). December 31 2023 2022 Net cash used in operating activities $ (211 ) $ (141 ) Net cash provided by (used in) investing activities 1,679 (229 ) Net cash used in financing activities (460 ) (24 ) Net cash provided by (used in) discontinued operations 1,008 (394 ) In the year ended December 31, 2023, December 31, 2023, The following table summarizes the carrying amounts of major classes of SRB Business assets and liabilities classified as held for sale as of December 31, 2022 ( Inventories $ 1,913 Other current assets 311 Property and equipment 8,187 Operating lease right of use assets 1,701 Total assets held for sale $ 12,112 Accrued expenses, including paid time off liabilities of employees of the SRB business $ 236 Operating lease liabilities 1,841 Finance lease liabilities 17 Long-term debt, including $450 of mortgage promissory note, not exclusively related to the SRB business 468 Total liabilities held for sale $ 2,562 |
Note 4 - Accounts Receivable an
Note 4 - Accounts Receivable and Revenues | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Accounts Receivable and Revenues [Text Block} | NOTE 4. We classify amounts billed as accounts receivable on our consolidated balance sheets and require payment on a short-term basis. Invoices are generally issued at the point control transfers and substantially all of our invoices are due within 30 120 30 January 1, 2022, Our accounts receivable potentially subject us to significant concentrations of credit risk. Revenues and accounts receivable from significant customers (customers with revenue or accounts receivable in excess of 10% Customer A B C % of revenue, 2023 26 % 13 % 10 % % of revenue, 2022 20 % 13 % 11 % % of accounts receivable, as of December 31, 2023 32 % 11 % 10 % % of accounts receivable, as of December 31, 2022 12 % 19 % 9 % The following table presents disaggregated revenues (in thousands). 2023 2022 Long Grain Rice and Bran $ 15,723 $ 16,957 Barley and Oats 6,296 8,306 Feed and Other 630 1,384 Revenues $ 22,649 $ 26,647 |
Note 5 - Inventories
Note 5 - Inventories | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | NOTE 5. The following table details the components of inventories (in thousands). December 31 2023 2022 Finished goods $ 123 $ 228 Raw materials 393 212 Packaging 27 25 Inventories $ 543 $ 465 |
Note 6 - Property and Equipment
Note 6 - Property and Equipment | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 6. The following table details the components of property and equipment (amounts in thousands). December 31 2023 2022 Estimated Useful Lives (in years) Land $ 493 $ 493 Furniture and fixtures - 71 7 - 10 Plant 1,902 3,440 20 - 40 or life of lease Computer and software 27 382 3 - 5 Leasehold improvements - 152 5 - 6 or life of lease Machinery and equipment 6,423 5,758 5 - 15 Property and equipment, cost 8,845 10,296 Less accumulated depreciation 4,607 4,276 Property and equipment, net $ 4,238 $ 6,020 |
Note 7 - Intangible Assets
Note 7 - Intangible Assets | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | NOTE 7. Intangible assets consist of the following (in thousands). December 31, 2023 December 31, 2022 Estimated Useful Life Gross Accumulated Net Gross Accumulated Net Customer relationships 15 $ 930 $ 668 $ 262 $ 930 $ 564 $ 366 Trademarks 10 13 6 7 13 5 8 Non-compete agreement 5 22 21 1 22 16 6 Total intangible assets $ 965 $ 695 $ 270 $ 965 $ 585 $ 380 The customer relationship intangible is amortizing over the 15-year period of expected future economic benefit, in proportion to the discounted expected future cash flows used to estimate the value of the intangible at acquisition in 2019. As of December 31, 2023, 2024 $ 80 2025 58 2026 42 2027 31 2028 22 Thereafter 37 Total amortization $ 270 |
Note 8 - Leases
Note 8 - Leases | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Lessee, Operating and Finance Leases [Text Block] | NOTE 8. The components of lease expense and cash flows from leases (in thousands) follow. 2023 2022 Finance lease cost: Amortization of right-of use assets, included in cost of goods sold $ 145 $ 97 Interest on lease liabilities 52 21 Operating lease cost, included in selling, general and administrative expenses: Fixed lease cost 80 515 Variable lease cost 61 168 Short-term lease cost 188 85 Total lease cost $ 526 $ 886 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 52 $ 21 Operating cash flows from operating leases $ 80 $ 515 Financing cash flows from finance leases $ 150 $ 104 As of December 31, 2023, not December 31, 2023, Finance Leases Remaining leases terms (in years) 0.2 - 4.1 Weighted average remaining lease terms (in years) 3.7 Discount rates 2.8% - 11.6% Weighted average discount rate 9.6% Maturities of lease liabilities as of December 31, 2023, Finance Leases 2024 $ 178 2025 167 2026 165 2027 126 2028 4 Total lease payments 640 Amounts representing interest (106 ) Present value of lease obligations $ 534 |
Note 9 - Debt
Note 9 - Debt | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 9. We finance certain amounts owed for annual insurance premiums under financing agreements. As of December 31, 2023, March 2024, Long-term debt consists of the following (in thousands). December 31, 2023 2022 Mortgage promissory note - Dated December 1, 2023. Original principal $ 4.1 13.5 December 1, 2028 $ 2,968 $ - Mortgage promissory note - Originally dated July 2020. As subsequently modified, interest accrued at an annual rate which is the greater of 7.0 15.5 10.3 January 2025 2.5 450 - 1,761 Equipment note - Dated May 2021. Original principal $ 46 June 2025 3.6 15 24 Equipment note - Dated June 2023. Original principal $ 144 August 2025 14.0 114 - Progress payment agreement - Dated August 2022. Original principal $ 37 25.2 - 39 Total long-term debt, net $ 3,097 $ 1,824 On December 1, 2023, December 1, 2023. December 1, 2028. In January 2023, January 2023 1ender’s January 2025, January January 2023 December 2023. December 31, 2022, January 2023 We borrow under a factoring agreement with a lender (the Lender), which provides a $7.0 million credit facility. We may two October 2024. no The Lender also advanced us $0.9 million effective September 30, 2022 ( December 31, 2022) January 2023. December 31, 2023, January 2023, Additional information related to our factoring obligation (exclusive of the Over-advance) follows (in thousands). 2023 2022 Average borrowings outstanding (in thousands) $ 2,303 $ 3,179 Fees paid, as a percentage of average outstanding borrowings 7.3 % 5.8 % Interest paid, as a percentage of average outstanding borrowings 9.5 % 7.0 % In 2023, no April 2023. Future principal maturities of long-term debt outstanding at December 31, 2023, 2024 $ 75 2025 54 2026 - 2027 - 2028 4,035 Principal maturities 4,164 Debt issuance costs (1,067 ) Total long term debt, net $ 3,097 |
Note 10 - Equity, Share-based C
Note 10 - Equity, Share-based Compensation, Warrants and Securities Offerings | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Shareholders' Equity and Share-Based Payments [Text Block] | NOTE 10. In August 2022, 1 10 August 26, 2022. Preferred Stock and Tax Benefits Preservation Plan (Rights Agreement) Our board of directors, without further action or vote by holders of our common stock, has the right to establish the terms, preference, rights and restrictions and issue shares of preferred stock. We previously designated and issued six no seventh December 31, 2023. The Series G preferred stock is non-voting and may 1 In July 2023, eighth no 1,000 1,000 1,000 one In July 2023, 382 1986, one July 17, 2023. one one The Rights will separate and begin trading separately from our common stock generally (i) when a person or group of affiliated or associated persons has become an Acquiring Person or (ii) following the commencement, or announcement of an intention to commence, a tender offer or exchange offer the consummation of which would result in any person becoming an Acquiring Person. If issued, each Right, other than Rights beneficially owned by the Acquiring Person (which will thereupon become void) will become exercisable for common stock having a value equal to two not not July 2026, may Each share of Series H Preferred Stock will be entitled, when, as and if declared, to a preferential per share quarterly dividend payment equal to the greater of (i) $1.00 per share or (ii) an amount equal to 1,000 1,000 1,000 one The Exercise Price payable, and the number of shares of Series H Preferred Stock or other securities or property issuable, upon exercise of the Rights are each subject to adjustment from time to time to prevent dilution (i) in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Series H Preferred Stock, (ii) upon the grant to holders of the Series H Preferred Stock of certain rights or warrants to subscribe for or purchase Series H Preferred Stock or convertible securities at less than the then-current market price of the Series H Preferred Stock or (iii) upon the distribution to holders of the Series H Preferred Stock of evidences of indebtedness or assets (excluding regular periodic cash dividends or dividends payable in Series H Preferred Stock) or of subscription rights or warrants (other than those referred to above). The number of outstanding Rights and the number of one one In the event that any person or group of affiliated or associated persons becomes an Acquiring Person, each holder of a Right, other than the Rights beneficially owned by the Acquiring Person, affiliates and associates of the Acquiring Person and certain transferees thereof (which will thereupon become null and void), will thereafter have the right to receive, upon exercise of a Right, that number of shares of Common Stock having a market value of two In the event that, after a person or a group of affiliated or associated persons has become an Acquiring Person, the Company is acquired in a merger or other business combination transaction, or 50% two With certain exceptions, no one 1% No one one may, Securities Offerings In December 2023, The Funicular Note no December 1, 2023 five December 1, 2023, 180 December 1, 2023, December 1, 2023, December 1, 2028. thirty In October 2022, 2022 3. 2022 2022. April 2023, October 2025. 2022 October 20, 2022, October 2022 may October 2027. In September 2021, 2021 3. September 2022, September 2023, 5 2021 2021, 2021 not may September 13, 2021, 230,786 2021 September 13, 2021, September 2021 Equity Incentive Plan Our Board adopted our Amended and Restated 2014 2014 July 14, 2022, 2014 2014 may may 2014 10 4 5 December 31, 2023, no 2014 Share-based compensation expenses related to employees and directors are included in selling, general and administrative expenses. Share-based compensation by type of award follows (in thousands). 2023 2022 Restricted stock units $ 316 $ 1,160 Stock options 96 101 Compensation expense related to common stock awards issued under equity incentive plan $ 412 $ 1,261 Information regarding common stock issued under the 2014 2023 2022 2023 2022 Shares Issued Weighted Average Per Share Shares Issued Weighted Average Per Share Directors 104,249 $ 1.11 34,875 $ 6.71 Employees 186,686 4.16 89,307 5.75 Vendors 59,465 1.29 13,516 6.47 350,400 137,698 Restricted Stock Units We have outstanding (i) restricted stock units issued under the 2014 one RSUs SUs Number of Units Unrecognized Compensation (in thousands) Average Grant Date Fair Value per share Weighted Average Expense Period (Years) Numer of Units Unrecognized Compensation (in thousands) Average Grant Date Fair Value per share Weighted Average Expense Period (Years) Nonvested at January 1, 2022 126,603 $ 658 $ 5.20 0.9 - $ - $ - - Granted 527,871 1,680 3.18 2.7 160,000 216 1.35 3.0 Impact of Modification: - - - - Before modification (17,050 ) (150 ) 8.77 0.6 - - - - After modification 17,050 64 3.73 - - - - - Forfeited (11,744 ) (68 ) 5.77 1.1 - - - - Vested with service (275,912 ) - - - - - - Expensed - (1,160 ) NA - - (15 ) NA - Nonvested at December 31, 2022 366,818 1,024 2.79 2.8 160,000 201 1.26 2.7 Granted 316,845 186 0.59 - 6,132 5 0.74 - Forfeited (234,059 ) (892 ) 3.81 1.3 - - - - Vested with Service (449,104 ) - - (59,465 ) - - - Expensed - (317 ) NA - - (80 ) NA - Nonvested at December 31, 2023 500 $ 1 1.28 0.2 106,667 $ 126 $ 1.18 1.8 Number of RSUs Vested at January 1, 2022 86,505 Vested with service 275,912 Issued at termination of service (83,725 ) Issued at vesting (53,967 ) Vested at December 31, 2022 224,725 Vested with service 508,569 Issued at vesting (350,400 ) Vested at December 31, 2023 382,894 At December 31, 2023, December 31, 2023, December 31, 2023, no We issued 160,000 SUs to a service provider in 2022, three September 2025 three may October 1, 2022, may 90 2022 may not In 2022, Options As of December 31, 2023 2022, 2023 2022. 2023 2022. December 31, 2023, Unrecognized Compensation As of December 31, 2023, Warrants The 2022 2022 September 2022, September 2023 5 On December 1, 2023, 3 9 1933, On December 1, 2023, 3 9 The Sabby Warrants will be exercisable at a price of $0.2016 per share, subject to adjustments as provided under the terms of the Sabby Warrants. The Sabby Warrants are exercisable at any time on or after December 1, 2023, three On December 1, 2023, 3 9 Warrant activity, excluding activity related to prefunded warrants follows. 2023 2022 Shares Under Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Shares Under Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding at January 1 2,298,769 $ 1.76 2.9 875,067 $ 9.76 1.4 Issued 4,324,802 0.21 4.1 2,063,000 $ 1.61 3.1 Impact of Warrant A exercise price adjustment: Before adjustment - - - 230,769 $ 10.00 4.0 After adjustment - - - (230,769 ) $ 2.72 4.0 Forfeited (2,230,769 ) 1.72 2.9 Expired (5,000 ) 20.00 - (639,298 ) 9.60 - Outstanding at December 31 4,387,802 $ 0.21 4.1 2,298,769 $ 1.76 2.9 The following table summarizes information related to exercisable and outstanding warrants as of December 31, 2023. Outstanding Exercise Prices Shares Under Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) $ 0.18 3,124,802 $ 0.18 4.9 $ 0.20 1,200,000 0.20 1.8 $ 1.88 63,000 1.88 3.8 4,387,802 $ 0.21 4.1 |
Note 11 - Income Taxes
Note 11 - Income Taxes | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 11. Deferred tax asset (liability) is comprised of the following (in thousands): December 31 2023 2022 Net operating loss carryforwards $ 17,734 $ 14,264 Stock options and warrants 1,090 1,151 Property and equipment 310 (46 ) Intangible assets 688 875 Capitalized expenses 105 117 Other 440 655 Operating right-of-use lease assets - - Operating right-of-use lease liabilities 124 167 Net deferred tax assets 20,491 17,183 Less: Valuation allowance (20,491 ) (17,183 ) Deferred tax asset (liability) $ - $ - We have determined it is more likely than not not The following table summarizes the change in the valuation allowance (in thousands): 2023 2022 Valuation allowances, beginning of year $ 17,183 $ 15,456 Net operating loss and other temporary differences 3,974 1,997 Expiration of net operating losses and limitations (33 ) (90 ) Adjustment to deferred taxes (159 ) (197 ) Impact of state tax rate change (404 ) 22 Other 70 (5 ) Valuation allowance, end of year $ 20,491 $ 17,183 As of December 31, 2023, December 31, 2017, not 2036 2037 not 80% December 31, 2017. December 31, 2023. 2024 2043 not Our ability to utilize previously accumulated NOL carryforwards is subject to substantial annual limitations due to the changes in ownership provisions of the Internal Revenue Code (IRC) of 1986, 2020, 382 may We are subject to taxation in the U.S. federal jurisdiction and various state and local jurisdictions. We record liabilities for income tax contingencies based on our best estimate of the underlying exposures. We are open for audit by the IRS for years after 2019 2018. Reconciliations between the amounts computed by applying the U.S. federal statutory tax rate to loss before income taxes, and income tax expense (benefit) follows (in thousands): 2023 2022 Pre-tax income (loss) $ (8,539 ) $ (6,641 ) Income tax benefit at federal statutory rate $ (1,796 ) $ (1,646 ) Increase (decrease) resulting from: State tax benefit, net of federal tax effect (189 ) (421 ) Effect of change in state tax rate 404 (22 ) Change in valuation allowance 3,308 1,727 Expirations of net operating losses and application of IRC 382 limitation 33 90 Fair value adjustments and others (1,960 ) 5 Other nondeductible expenses 53 89 Adjustments to deferreds 159 197 Income tax expense $ 12 $ 19 During the year ended December 31, 2023, Based on an analysis of tax positions taken on income tax returns filed, we determined no December 31, 2023 2022. may |
Note 12 - Income (Loss) Per Sha
Note 12 - Income (Loss) Per Share (EPS) | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 12. Basic EPS is calculated under the two may not Diluted EPS is computed by dividing the net income attributable to RiceBran Technologies common shareholders by the weighted average number of common shares outstanding during the period increased by the number of additional common shares that would have been outstanding if the impact of assumed exercises and conversions is dilutive. The dilutive effects of outstanding options, warrants, nonvested shares of common stock and nonvested restricted stock units that vest solely on the basis of a service condition are calculated using the treasury stock method. The dilutive effects of the outstanding preferred stock are calculated using the if-converted method. Below are reconciliations of the numerators and denominators in the EPS computations. 2023 2022 NUMERATOR (in thousands): Basic and diluted - loss from continuing operations $ (8,551 ) $ (6,660 ) DENOMINATOR (in thousands): Weighted average number of shares of shares of common stock outstanding 6,746,688 5,414,079 Weighted average number of shares of common stock underlying vested restricted stock units 245,670 100,592 Basic EPS - weighted average number of shares outstanding 6,992,358 5,514,671 Effect of dilutive securities outstanding - - Diluted EPS - weighted average number of shares outstanding 6,992,358 5,514,671 No 2023 2022, 2023 2022 10, |
Note 13 - Fair Value Measuremen
Note 13 - Fair Value Measurement | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 13. The fair value of cash and cash equivalents, restricted cash, accounts and other receivables, accounts payable, commodities payable and short-term debt approximated their carrying value due to shorter maturities. As of December 31, 2023, 3 The following tables summarize the fair values by input hierarchy of items measured at fair value on a recurring basis on our consolidated balance sheets (in thousands): Level 1 Level 2 Level 3 Total As of December 31, 2022: Derivative warrant liability $ - $ - $ 69 $ 69 Total liabilities at fair value $ - $ - $ 69 $ 69 The following tables summarize the changes in level 3 Fair Value as of Beginning of Period Total Unrealized Issuance of New Instruments Net Fair Value, at End of Period Change in Unrealized Gains (Losses) on Instruments Still Held 2023: Derivative warrant liability $ 69 $ (69 ) $ - $ - $ - $ (69 ) Total Level 3 fair value $ 69 $ (69 ) $ - $ - $ - $ (69 ) 2022: Derivative warrant liability $ 258 $ (189 ) $ - $ - $ 69 $ (189 ) Total Level 3 fair value $ 258 $ (189 ) $ - $ - $ 69 $ (189 ) The derivative warrant liability in the tables above relates to Series Warrant A, discussed further in Note 10. no December 31, 2023 |
Note 14 - Commitments and Conti
Note 14 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 14. Legal Matters From time to time, we are involved in litigation incidental to the conduct of our business. These matters may no 2023 2022. In January 2023, 2012. |
Note 15 - Subsequent Event
Note 15 - Subsequent Event | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 15. On January 25, 2024, December 31, 2023 |
Insider Trading Arrangements
Insider Trading Arrangements | 12 Months Ended |
Dec. 31, 2023 | |
Insider Trading Arr Line Items | |
Material Terms of Trading Arrangement [Text Block] | 9B. None |
Rule 10b5-1 Arrangement Adopted [Flag] | false |
Non-Rule 10b5-1 Arrangement Adopted [Flag] | false |
Rule 10b5-1 Arrangement Terminated [Flag] | false |
Non-Rule 10b5-1 Arrangement Terminated [Flag] | false |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Segment Reporting, Policy [Policy Text Block] | Segment Reporting Given the integrated nature of the products we produce and the facility in which we produce them, we have one one |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Guidance Recent accounting standards not The following discusses the accounting standard(s) not In December 2023, 2023 09, 2023 09 December 15, 2024, may not Recently adopted accounting standards In June 2016, ASU No. 2016 13 Financial Instruments Credit Losses (Topic 326 Measurement of Credit Losses on Financial Instruments January 1, 2023. no January 1, 2023. |
Consolidation, Policy [Policy Text Block] | Basis of Presentation and Principles of Consolidation |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications no 3 |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents three may not not |
Accounts Receivable [Policy Text Block] | Accounts Receivable and Allowance for Credit Losses may not |
Inventory, Policy [Policy Text Block] | Inventories |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Impairment of Long-lived Assets may not not |
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block] | Intangible Assets may not may not not |
Lessee, Leases [Policy Text Block] | Leases We recognize right-of-use assets and lease liabilities based on the present value of the future minimum lease payments over the lease term, beginning at the commencement date, for leases exceeding a year. Minimum lease payments include the fixed lease components of the lease and any variable rate payments that depend on an index, initially measured using the index at the lease commencement date. Lease terms may In determining our right-of-use assets and lease liabilities, we apply a discount rate to the minimum lease payments within each lease. When we cannot readily determine the discount rate implicit in a lease, we utilize our incremental borrowing rate, the rate of interest that we would incur to borrow, on a collateralized basis over a similar term, an amount equal to the lease payments in a similar economic environment. To estimate the incremental borrowing rate, we reference a market yield curve consistent with our assessment of our credit quality. We recognize operating lease expense related to the minimum lease payments on a straight-line basis over the lease term. For finance leases, we recognize amortization expense related to the minimum lease payments on a straight-line basis over the lease term while interest expense is recognized using the effective interest method. Expense related to variable lease payments that do not |
Revenue from Contract with Customer [Policy Text Block] | Revenue Recognition We measure revenue as the amount of consideration we expect to receive in exchange for fulfilling product orders. Incidental items that are immaterial in the context of the contract are recognized as expense. Our contracts do not may We capitalize the incremental costs of obtaining a revenue contract and amortized those costs on a straight-line basis over the expected customer relationship period if we expect to recover those costs. As a practical expedient, we expense costs to obtain a contract as incurred if the amortization period would have been a year or less. Typically, costs to incur revenue contracts are not |
Discontinued Operations, Policy [Policy Text Block] | Discontinued Operations - may 1 2 3 |
Selling, General and Administrative Expenses, Policy [Policy Text Block] | Selling, General and Administrative Expenses |
Share-Based Payment Arrangement [Policy Text Block] | Share-Based Compensation no We have outstanding common stock options as of December 31, 2023 2022. We recognize forfeitures of employee and director awards as they occur. In the event an employee or director terminates service prior to the vesting of an award, we reverse the entire amount of previously recognized compensation expense related to the award. Share-based compensation for awards to non-employees is calculated as of the grant date, taking into consideration the probability of satisfaction of performance conditions, in a manner consistent with awards to employees. The expense associated with share-based awards for service is recognized over the term of service. In the event services are terminated early or we require no |
Income Tax, Policy [Policy Text Block] | Income Taxes We measure deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which temporary differences are expected to be recovered or settled. We recognized deferred tax assets for deductible temporary differences and operating loss and tax credit carryforwards. When necessary, we establish a valuation allowance to reduce that deferred tax asset if it is more likely than not not may may may may no We recognize interest and penalties related to uncertain tax positions, if any, in selling, general and administrative expenses. |
Fair Value Measurement, Policy [Policy Text Block] | Fair Value may may We assess the inputs used to measure fair value using a three ● Level 1 ● Level 2 ● Level 3 not |
Note 3 - Discontinued Operati_2
Note 3 - Discontinued Operations (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Disposal Groups, Including Discontinued Operations, Purchase Price Allocation [Table Text Block] | Purchase price $ 1,800 Expenses as of June 30, 2023 (375 ) Net proceeds $ 1,425 Repayment of mortgage promissory note $ 450 Payment of paid time off liabilities 215 $ 665 |
Disposal Groups, Including Discontinued Operations [Table Text Block] | Inventories $ 2,252 Other current assets 185 Property and equipment 7,710 Operating lease right of use assets 1,566 Total assets 11,713 Accrued expenses 9 Operating lease liabilities 1,668 Finance lease liabilities 12 Long-term debt 14 Total liabilities 1,703 Net assets sold $ 10,010 December 31 2023 2022 Revenues $ 6,857 $ 14,970 Cost of goods sold (6,796 ) (14,966 ) Selling, general and administrative expenses (457 ) (1,293 ) Interest expense (28 ) (56 ) Loss from operations of discontinued operations (424 ) (1,345 ) Gain (loss) on sale (8,585 ) 147 Loss from discontinued operations $ (9,009 ) $ (1,198 ) Depreciation included in cost of goods sold $ 646 $ 1,238 Capital expenditures $ 111 $ 964 Inventories $ 1,913 Other current assets 311 Property and equipment 8,187 Operating lease right of use assets 1,701 Total assets held for sale $ 12,112 Accrued expenses, including paid time off liabilities of employees of the SRB business $ 236 Operating lease liabilities 1,841 Finance lease liabilities 17 Long-term debt, including $450 of mortgage promissory note, not exclusively related to the SRB business 468 Total liabilities held for sale $ 2,562 |
Discontinued Operations, Cash Flow Activity [Table Text Block] | December 31 2023 2022 Net cash used in operating activities $ (211 ) $ (141 ) Net cash provided by (used in) investing activities 1,679 (229 ) Net cash used in financing activities (460 ) (24 ) Net cash provided by (used in) discontinued operations 1,008 (394 ) |
Note 4 - Accounts Receivable _2
Note 4 - Accounts Receivable and Revenues (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | Customer A B C % of revenue, 2023 26 % 13 % 10 % % of revenue, 2022 20 % 13 % 11 % % of accounts receivable, as of December 31, 2023 32 % 11 % 10 % % of accounts receivable, as of December 31, 2022 12 % 19 % 9 % |
Disaggregation of Revenue [Table Text Block] | 2023 2022 Long Grain Rice and Bran $ 15,723 $ 16,957 Barley and Oats 6,296 8,306 Feed and Other 630 1,384 Revenues $ 22,649 $ 26,647 |
Note 5 - Inventories (Tables)
Note 5 - Inventories (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | December 31 2023 2022 Finished goods $ 123 $ 228 Raw materials 393 212 Packaging 27 25 Inventories $ 543 $ 465 |
Note 6 - Property and Equipme_2
Note 6 - Property and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | December 31 2023 2022 Estimated Useful Lives (in years) Land $ 493 $ 493 Furniture and fixtures - 71 7 - 10 Plant 1,902 3,440 20 - 40 or life of lease Computer and software 27 382 3 - 5 Leasehold improvements - 152 5 - 6 or life of lease Machinery and equipment 6,423 5,758 5 - 15 Property and equipment, cost 8,845 10,296 Less accumulated depreciation 4,607 4,276 Property and equipment, net $ 4,238 $ 6,020 |
Note 7 - Intangible Assets (Tab
Note 7 - Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | December 31, 2023 December 31, 2022 Estimated Useful Life Gross Accumulated Net Gross Accumulated Net Customer relationships 15 $ 930 $ 668 $ 262 $ 930 $ 564 $ 366 Trademarks 10 13 6 7 13 5 8 Non-compete agreement 5 22 21 1 22 16 6 Total intangible assets $ 965 $ 695 $ 270 $ 965 $ 585 $ 380 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | 2024 $ 80 2025 58 2026 42 2027 31 2028 22 Thereafter 37 Total amortization $ 270 |
Note 8 - Leases (Tables)
Note 8 - Leases (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Lease, Cost [Table Text Block] | 2023 2022 Finance lease cost: Amortization of right-of use assets, included in cost of goods sold $ 145 $ 97 Interest on lease liabilities 52 21 Operating lease cost, included in selling, general and administrative expenses: Fixed lease cost 80 515 Variable lease cost 61 168 Short-term lease cost 188 85 Total lease cost $ 526 $ 886 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 52 $ 21 Operating cash flows from operating leases $ 80 $ 515 Financing cash flows from finance leases $ 150 $ 104 |
Lessee, Operating and Finance Leases, Remaining Terms and Discount Rates [Table Text Block] | Finance Leases Remaining leases terms (in years) 0.2 - 4.1 Weighted average remaining lease terms (in years) 3.7 Discount rates 2.8% - 11.6% Weighted average discount rate 9.6% |
Lessee, Operating and Finance Lease Liability, Maturity [Table Text Block] | Finance Leases 2024 $ 178 2025 167 2026 165 2027 126 2028 4 Total lease payments 640 Amounts representing interest (106 ) Present value of lease obligations $ 534 |
Note 9 - Debt (Tables)
Note 9 - Debt (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Schedule of Long-Term Debt Instruments [Table Text Block] | December 31, 2023 2022 Mortgage promissory note - Dated December 1, 2023. Original principal $ 4.1 13.5 December 1, 2028 $ 2,968 $ - Mortgage promissory note - Originally dated July 2020. As subsequently modified, interest accrued at an annual rate which is the greater of 7.0 15.5 10.3 January 2025 2.5 450 - 1,761 Equipment note - Dated May 2021. Original principal $ 46 June 2025 3.6 15 24 Equipment note - Dated June 2023. Original principal $ 144 August 2025 14.0 114 - Progress payment agreement - Dated August 2022. Original principal $ 37 25.2 - 39 Total long-term debt, net $ 3,097 $ 1,824 |
Schedule of Debt [Table Text Block] | 2023 2022 Average borrowings outstanding (in thousands) $ 2,303 $ 3,179 Fees paid, as a percentage of average outstanding borrowings 7.3 % 5.8 % Interest paid, as a percentage of average outstanding borrowings 9.5 % 7.0 % |
Schedule of Maturities of Long-Term Debt [Table Text Block] | 2024 $ 75 2025 54 2026 - 2027 - 2028 4,035 Principal maturities 4,164 Debt issuance costs (1,067 ) Total long term debt, net $ 3,097 |
Note 10 - Equity, Share-based_2
Note 10 - Equity, Share-based Compensation, Warrants and Securities Offerings (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] | 2023 2022 Restricted stock units $ 316 $ 1,160 Stock options 96 101 Compensation expense related to common stock awards issued under equity incentive plan $ 412 $ 1,261 |
Share-Based Payment Arrangement, Activity [Table Text Block] | 2023 2022 Shares Issued Weighted Average Per Share Shares Issued Weighted Average Per Share Directors 104,249 $ 1.11 34,875 $ 6.71 Employees 186,686 4.16 89,307 5.75 Vendors 59,465 1.29 13,516 6.47 350,400 137,698 |
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] | RSUs SUs Number of Units Unrecognized Compensation (in thousands) Average Grant Date Fair Value per share Weighted Average Expense Period (Years) Numer of Units Unrecognized Compensation (in thousands) Average Grant Date Fair Value per share Weighted Average Expense Period (Years) Nonvested at January 1, 2022 126,603 $ 658 $ 5.20 0.9 - $ - $ - - Granted 527,871 1,680 3.18 2.7 160,000 216 1.35 3.0 Impact of Modification: - - - - Before modification (17,050 ) (150 ) 8.77 0.6 - - - - After modification 17,050 64 3.73 - - - - - Forfeited (11,744 ) (68 ) 5.77 1.1 - - - - Vested with service (275,912 ) - - - - - - Expensed - (1,160 ) NA - - (15 ) NA - Nonvested at December 31, 2022 366,818 1,024 2.79 2.8 160,000 201 1.26 2.7 Granted 316,845 186 0.59 - 6,132 5 0.74 - Forfeited (234,059 ) (892 ) 3.81 1.3 - - - - Vested with Service (449,104 ) - - (59,465 ) - - - Expensed - (317 ) NA - - (80 ) NA - Nonvested at December 31, 2023 500 $ 1 1.28 0.2 106,667 $ 126 $ 1.18 1.8 Number of RSUs Vested at January 1, 2022 86,505 Vested with service 275,912 Issued at termination of service (83,725 ) Issued at vesting (53,967 ) Vested at December 31, 2022 224,725 Vested with service 508,569 Issued at vesting (350,400 ) Vested at December 31, 2023 382,894 |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | 2023 2022 Shares Under Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Shares Under Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding at January 1 2,298,769 $ 1.76 2.9 875,067 $ 9.76 1.4 Issued 4,324,802 0.21 4.1 2,063,000 $ 1.61 3.1 Impact of Warrant A exercise price adjustment: Before adjustment - - - 230,769 $ 10.00 4.0 After adjustment - - - (230,769 ) $ 2.72 4.0 Forfeited (2,230,769 ) 1.72 2.9 Expired (5,000 ) 20.00 - (639,298 ) 9.60 - Outstanding at December 31 4,387,802 $ 0.21 4.1 2,298,769 $ 1.76 2.9 |
Schedule of Share-based Compensation Warrants by Exercise Price Range [Table Text Block ] | Outstanding Exercise Prices Shares Under Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) $ 0.18 3,124,802 $ 0.18 4.9 $ 0.20 1,200,000 0.20 1.8 $ 1.88 63,000 1.88 3.8 4,387,802 $ 0.21 4.1 |
Note 11 - Income Taxes (Tables)
Note 11 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | December 31 2023 2022 Net operating loss carryforwards $ 17,734 $ 14,264 Stock options and warrants 1,090 1,151 Property and equipment 310 (46 ) Intangible assets 688 875 Capitalized expenses 105 117 Other 440 655 Operating right-of-use lease assets - - Operating right-of-use lease liabilities 124 167 Net deferred tax assets 20,491 17,183 Less: Valuation allowance (20,491 ) (17,183 ) Deferred tax asset (liability) $ - $ - |
Summary of Valuation Allowance [Table Text Block] | 2023 2022 Valuation allowances, beginning of year $ 17,183 $ 15,456 Net operating loss and other temporary differences 3,974 1,997 Expiration of net operating losses and limitations (33 ) (90 ) Adjustment to deferred taxes (159 ) (197 ) Impact of state tax rate change (404 ) 22 Other 70 (5 ) Valuation allowance, end of year $ 20,491 $ 17,183 |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | 2023 2022 Pre-tax income (loss) $ (8,539 ) $ (6,641 ) Income tax benefit at federal statutory rate $ (1,796 ) $ (1,646 ) Increase (decrease) resulting from: State tax benefit, net of federal tax effect (189 ) (421 ) Effect of change in state tax rate 404 (22 ) Change in valuation allowance 3,308 1,727 Expirations of net operating losses and application of IRC 382 limitation 33 90 Fair value adjustments and others (1,960 ) 5 Other nondeductible expenses 53 89 Adjustments to deferreds 159 197 Income tax expense $ 12 $ 19 |
Note 12 - Income (Loss) Per S_2
Note 12 - Income (Loss) Per Share (EPS) (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | 2023 2022 NUMERATOR (in thousands): Basic and diluted - loss from continuing operations $ (8,551 ) $ (6,660 ) DENOMINATOR (in thousands): Weighted average number of shares of shares of common stock outstanding 6,746,688 5,414,079 Weighted average number of shares of common stock underlying vested restricted stock units 245,670 100,592 Basic EPS - weighted average number of shares outstanding 6,992,358 5,514,671 Effect of dilutive securities outstanding - - Diluted EPS - weighted average number of shares outstanding 6,992,358 5,514,671 |
Note 13 - Fair Value Measurem_2
Note 13 - Fair Value Measurement (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block] | Level 1 Level 2 Level 3 Total As of December 31, 2022: Derivative warrant liability $ - $ - $ 69 $ 69 Total liabilities at fair value $ - $ - $ 69 $ 69 |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | Fair Value as of Beginning of Period Total Unrealized Issuance of New Instruments Net Fair Value, at End of Period Change in Unrealized Gains (Losses) on Instruments Still Held 2023: Derivative warrant liability $ 69 $ (69 ) $ - $ - $ - $ (69 ) Total Level 3 fair value $ 69 $ (69 ) $ - $ - $ - $ (69 ) 2022: Derivative warrant liability $ 258 $ (189 ) $ - $ - $ 69 $ (189 ) Total Level 3 fair value $ 258 $ (189 ) $ - $ - $ 69 $ (189 ) |
Note 1 - Business and Summary_2
Note 1 - Business and Summary of Significant Accounting Policies (Details Textual) | 12 Months Ended |
Dec. 31, 2023 | |
Number of Reporting Units | 1 |
Number of Operating Segments | 1 |
Note 2 - Going Concern and Ma_2
Note 2 - Going Concern and Management's Plan (Details Textual) - USD ($) $ in Thousands, shares in Millions | 12 Months Ended | |||
Dec. 01, 2023 | Dec. 31, 2023 | Jan. 25, 2024 | Dec. 31, 2022 | |
Retained Earnings (Accumulated Deficit) | $ (333,277) | $ (315,717) | ||
Cash and Cash Equivalents, at Carrying Value | 1,139 | $ 3,941 | ||
Subsequent Event [Member] | Discontinued Operations, Disposed of by Sale [Member] | Golden Ridge Rice Mills, LLC [Member] | ||||
Disposal Group, Including Discontinued Operation, Consideration | $ 2,150 | |||
Funicular [Member] | ||||
Payments for Mortgage Deposits | $ 1,500 | |||
Entity Owned by Cable Car Capital LLC [Member] | ||||
Stock Issued During Period, Value, New Issues | $ 400 | |||
Debt Instrument, Face Amount | $ 4,100 | |||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 5 | |||
Ownership Percentage, If Warrants Exercised | 49.80% | |||
Stock Issued During Period, Shares, New Issues (in shares) | 0.6 | |||
Entity Owned by Cable Car Capital LLC [Member] | Existing Warrants [Member] | ||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 2.2 | |||
Entity Owned by Cable Car Capital LLC [Member] | New Warrants [Member] | ||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 1.2 |
Note 3 - Discontinued Operati_3
Note 3 - Discontinued Operations (Details Textual) - Stabilized Rice Bran (SRB) [Member] - Discontinued Operations, Disposed of by Sale [Member] - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 23, 2023 | Dec. 31, 2023 | |
Proceeds from Divestiture of Businesses | $ 1,800 | ||
Liabilities Assumed | 1,700 | ||
Proceeds from Divestiture of Businesses, Net of Cash Divested | 1,400 | $ 1,400 | |
Disposal Group, Including Discontinued Operation, Assets, Net | 10,010 | ||
Gain (Loss) on Disposition of Business | $ (8,600) | ||
Repayments of Notes Payable | $ 450 | $ 500 |
Note 3 - Discontinued Operati_4
Note 3 - Discontinued Operations - Sale Price Allocation (Details) - Discontinued Operations, Disposed of by Sale [Member] - Stabilized Rice Bran (SRB) [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2023 | |
Purchase price | $ 1,800 | |
Expenses as of June 30, 2023 | (375) | |
Net proceeds | 1,425 | |
Repayment of mortgage promissory note | 450 | $ 500 |
Payment of paid time off liabilities | 215 | |
Payments for Liabilities | $ 665 |
Note 3 - Discontinued Operati_5
Note 3 - Discontinued Operations - Schedule of Discontinued Operations (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Jun. 23, 2023 | |
Loss from discontinued operations | $ (9,009) | $ (1,198) | |
Depreciation included in cost of goods sold | 929 | 866 | |
Capital expenditures | 689 | 225 | |
Stabilized Rice Bran (SRB) [Member] | Discontinued Operations, Disposed of by Sale [Member] | |||
Inventories | 1,913 | $ 2,252 | |
Other current assets | 311 | 185 | |
Property and equipment | 8,187 | 7,710 | |
Operating lease right of use assets | 1,701 | 1,566 | |
Total assets | 12,112 | 11,713 | |
Accrued expenses | 236 | 9 | |
Operating lease liabilities | 1,841 | 1,668 | |
Finance lease liabilities | 17 | 12 | |
Long-term debt | 468 | 14 | |
Total liabilities | 2,562 | 1,703 | |
Net assets sold | $ 10,010 | ||
Revenues | 6,857 | 14,970 | |
Cost of goods sold | (6,796) | (14,966) | |
Selling, general and administrative expenses | (457) | (1,293) | |
Interest expense | (28) | (56) | |
Loss from operations of discontinued operations | (424) | (1,345) | |
Gain (loss) on sale | (8,585) | 147 | |
Loss from discontinued operations | (9,009) | (1,198) | |
Depreciation included in cost of goods sold | 646 | 1,238 | |
Capital expenditures | $ 111 | $ 964 |
Note 3 - Discontinued Operati_6
Note 3 - Discontinued Operations - Schedule of Cash Flow Activity (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Net cash used in operating activities | $ (211) | $ (141) |
Net cash provided by (used in) investing activities | 1,679 | (229) |
Net cash used in financing activities | (460) | (24) |
Discontinued Operations, Disposed of by Sale [Member] | Stabilized Rice Bran (SRB) [Member] | ||
Net cash used in operating activities | (211) | (141) |
Net cash provided by (used in) investing activities | 1,679 | (229) |
Net cash used in financing activities | (460) | (24) |
Net cash provided by (used in) discontinued operations | $ 1,008 | $ (394) |
Note 4 - Accounts Receivable _3
Note 4 - Accounts Receivable and Revenues (Details Textual) $ in Millions | Jan. 01, 2022 USD ($) |
Accounts Receivable, after Allowance for Credit Loss | $ 2.4 |
Note 4 - Accounts Receivable _4
Note 4 - Accounts Receivable and Revenues - Revenues and Accounts Receivable from Significant Customers (Details) - Customer Concentration Risk [Member] | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Revenue Benchmark [Member] | Customer A [Member] | ||
Concentration risk, percentage | 26% | 20% |
Revenue Benchmark [Member] | Customer B [Member] | ||
Concentration risk, percentage | 13% | 13% |
Revenue Benchmark [Member] | Customer C [Member] | ||
Concentration risk, percentage | 10% | 11% |
Accounts Receivable [Member] | Customer A [Member] | ||
Concentration risk, percentage | 32% | 12% |
Accounts Receivable [Member] | Customer B [Member] | ||
Concentration risk, percentage | 11% | 19% |
Accounts Receivable [Member] | Customer C [Member] | ||
Concentration risk, percentage | 10% | 9% |
Note 4 - Accounts Receivable _5
Note 4 - Accounts Receivable and Revenues - Revenues by Product Line (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Revenues | $ 22,649 | $ 26,647 |
Long Grain Rice and Bran [Member] | ||
Revenues | 15,723 | 16,957 |
Barley and Oats [Member] | ||
Revenues | 6,296 | 8,306 |
Feed and Other [Member] | ||
Revenues | $ 630 | $ 1,384 |
Note 5 - Inventories - Componen
Note 5 - Inventories - Components of Inventories (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Finished goods | $ 123 | $ 228 |
Raw materials | 393 | 212 |
Packaging | 27 | 25 |
Inventories | $ 543 | $ 465 |
Note 6- Property and Equipment
Note 6- Property and Equipment - Property, Plant and Equipment (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Property, plant, and equipment gross | $ 8,845 | $ 10,296 |
Property, plant, and equipment accumulated depreciation | 4,607 | 4,276 |
Property and equipment, net | 4,238 | 6,020 |
Land [Member] | ||
Property, plant, and equipment gross | 493 | 493 |
Furniture and Fixtures [Member] | ||
Property, plant, and equipment gross | $ 0 | 71 |
Furniture and Fixtures [Member] | Minimum [Member] | ||
Estimated useful lives (Year) | 7 years | |
Furniture and Fixtures [Member] | Maximum [Member] | ||
Estimated useful lives (Year) | 10 years | |
Plant [Member] | ||
Property, plant, and equipment gross | $ 1,902 | 3,440 |
Plant [Member] | Minimum [Member] | ||
Estimated useful lives (Year) | 20 years | |
Plant [Member] | Maximum [Member] | ||
Estimated useful lives (Year) | 40 years | |
Computer and Software [Member] | ||
Property, plant, and equipment gross | $ 27 | 382 |
Computer and Software [Member] | Minimum [Member] | ||
Estimated useful lives (Year) | 3 years | |
Computer and Software [Member] | Maximum [Member] | ||
Estimated useful lives (Year) | 5 years | |
Leasehold Improvements [Member] | ||
Property, plant, and equipment gross | $ 0 | 152 |
Leasehold Improvements [Member] | Minimum [Member] | ||
Estimated useful lives (Year) | 5 years | |
Leasehold Improvements [Member] | Maximum [Member] | ||
Estimated useful lives (Year) | 6 years | |
Machinery and Equipment [Member] | ||
Property, plant, and equipment gross | $ 6,423 | $ 5,758 |
Machinery and Equipment [Member] | Minimum [Member] | ||
Estimated useful lives (Year) | 5 years | |
Machinery and Equipment [Member] | Maximum [Member] | ||
Estimated useful lives (Year) | 15 years |
Note 7 - Intangible Assets (Det
Note 7 - Intangible Assets (Details Textual) | Dec. 31, 2023 | Apr. 04, 2019 |
Finite-Lived Intangible Assets, Remaining Amortization Period (Year) | 8 years 10 months 24 days | |
Customer Relationships [Member] | ||
Finite-Lived Intangible Asset, Useful Life (Year) | 15 years | |
Customer Relationships [Member] | MGI Grain Processing, LLC [Member] | ||
Finite-Lived Intangible Asset, Useful Life (Year) | 15 years |
Note 7 - Intangible Assets - Sc
Note 7 - Intangible Assets - Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Intangible assets, gross | $ 965 | $ 965 |
Intangible assets, accumulated amortization | 695 | 585 |
Intangible assets, net | $ 270 | 380 |
Customer Relationships [Member] | ||
Intangible assets, useful life (Year) | 15 years | |
Intangible assets, gross | $ 930 | 930 |
Intangible assets, accumulated amortization | 668 | 564 |
Intangible assets, net | $ 262 | 366 |
Trademarks [Member] | ||
Intangible assets, useful life (Year) | 10 years | |
Intangible assets, gross | $ 13 | 13 |
Intangible assets, accumulated amortization | 6 | 5 |
Intangible assets, net | $ 7 | 8 |
Noncompete Agreements [Member] | ||
Intangible assets, useful life (Year) | 5 years | |
Intangible assets, gross | $ 22 | 22 |
Intangible assets, accumulated amortization | 21 | 16 |
Intangible assets, net | $ 1 | $ 6 |
Note 7 - Intangible Assets - Fu
Note 7 - Intangible Assets - Future Intangible Amortization (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
2024 | $ 80 | |
2025 | 58 | |
2026 | 42 | |
2027 | 31 | |
2028 | 22 | |
Thereafter | 37 | |
Total amortization | $ 270 | $ 380 |
Note 8 - Leases - Components of
Note 8 - Leases - Components of Lease Expense and Cash Flows from Leases (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Amortization of right-of use assets, included in cost of goods sold | $ 145 | $ 97 |
Interest on lease liabilities | 52 | 21 |
Fixed lease cost | 80 | 515 |
Variable lease cost | 61 | 168 |
Short-term lease cost | 188 | 85 |
Total lease cost | 526 | 886 |
Operating cash flows from finance leases | 52 | 21 |
Operating cash flows from operating leases | 80 | 515 |
Financing cash flows from finance leases | $ 150 | $ 104 |
Note 8 - Leases - Remaining Ter
Note 8 - Leases - Remaining Terms and Discount Rates (Details) | Dec. 31, 2023 |
Weighted average remaining lease terms (in years), operating leases (Year) | 3 years 8 months 12 days |
Weighted average discount rate, operating leases | 9.60% |
Minimum [Member] | |
Remaining leases terms (in years), operating leases (Year) | 2 months 12 days |
Discount rates, operating leases | 2.80% |
Maximum [Member] | |
Remaining leases terms (in years), operating leases (Year) | 4 years 1 month 6 days |
Discount rates, operating leases | 11.60% |
Note 8 - Leases - Maturities of
Note 8 - Leases - Maturities of Lease Liabilities (Details) $ in Thousands | Dec. 31, 2023 USD ($) |
2024, operating leases | $ 178 |
2025, operating leases | 167 |
2026, operating leases | 165 |
2027, operating leases | 126 |
2028, operating leases | 4 |
Total lease payments, operating leases | 640 |
Amounts representing interest, operating leases | (106) |
Present value of lease obligations, operating leases | $ 534 |
Note 9 - Debt (Details Textual)
Note 9 - Debt (Details Textual) - USD ($) | 10 Months Ended | 12 Months Ended | |||
Jan. 31, 2023 | Oct. 31, 2019 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 01, 2023 | |
Long-Term Debt, Gross | $ 4,164,000 | ||||
Mortgage Agreement, at Modification [Member] | |||||
Debt Instrument, Interest Rate, Stated Percentage | 10.30% | ||||
Long-Term Debt, Gross | $ 2,500,000 | ||||
Proceeds from Issuance of Long-Term Debt | $ 300,000 | ||||
Mortgage Agreement, at Modification [Member] | Prime Rate [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 7% | ||||
Mortgage Agreement [Member] | |||||
Proceeds from Issuance of Debt | $ 900,000 | ||||
Mortgage Agreement [Member] | Prime Rate [Member] | |||||
Debt Instrument, Interest Rate, Stated Percentage | 10.30% | 14.50% | |||
Debt Instrument, Basis Spread on Variable Rate | 7% | ||||
Line of Credit With Bank [Member] | |||||
Line of Credit Facility, Maximum Amount Outstanding During Period | $ 600,000 | ||||
Debt, Weighted Average Interest Rate | 6.70% | ||||
Secured Promissory Note [Member] | Funicular [Member] | |||||
Debt Instrument, Interest Rate, Stated Percentage | 13.50% | ||||
Debt Instrument, Face Amount | $ 4.1 | ||||
Debt Instrument, Fee Amount | $ 50,000 | ||||
Old Note Prior to Modification [Member] | Mortgage Agreement, at Modification [Member] | |||||
Long-Term Debt, Gross | $ 1,300,000 | ||||
Over Advance Note [Member] | Mortgage Agreement, at Modification [Member] | |||||
Long-Term Debt, Gross | $ 900,000 | ||||
Line of Credit [Member] | Factoring Agreement [Member] | |||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 7,000,000 | ||||
Debt Instrument, Term (Year) | 2 years | ||||
Line of Credit Facility, Funding Fee, Percentage Above Prime Rate | 0.50% | ||||
Line of Credit Facility, Funding Fee, Minimum Percentage | 5.50% | ||||
Finance Agreements for Annual Insurance Premiums [Member] | |||||
Debt Instrument, Interest Rate, Stated Percentage | 7.50% |
Note 9 - Debt - Long-term Debt
Note 9 - Debt - Long-term Debt (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Total long term debt, net | $ 3,097 | $ 1,824 |
Mortgage Promissory Note, December 2023 [Member] | ||
Total long term debt, net | 2,968 | 0 |
Mortgage Promissory Note, July 2020 [Member] | ||
Total long term debt, net | 0 | 1,761 |
Equipment Notes, May 2021 [Member] | Notes Payable, Other Payables [Member] | ||
Total long term debt, net | 15 | 24 |
Equipment Notes June 2023 [Member] | Notes Payable, Other Payables [Member] | ||
Total long term debt, net | 114 | 0 |
Progress Payment Agreement [Member] | ||
Total long term debt, net | $ 0 | $ 39 |
Note 9 - Debt - Long-term Deb_2
Note 9 - Debt - Long-term Debt (Details) (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Mortgage Promissory Note, December 2023 [Member] | ||
Debt Instrument, Interest Rate, Stated Percentage | 13.50% | 13.50% |
Debt Instrument, Face Amount | $ 4,100 | $ 4,100 |
Debt Instrument, Maturity Date | Dec. 01, 2028 | Dec. 01, 2028 |
Mortgage Promissory Note, July 2020 [Member] | ||
Debt Instrument, Face Amount | $ 2,500 | $ 2,500 |
Debt Instrument, Maturity Date | Jan. 31, 2025 | Jan. 31, 2025 |
Disposal Group, Including Discontinued Operation, Long-term Debt | $ 450 | |
Mortgage Promissory Note, July 2020 [Member] | Prime Rate [Member] | ||
Debt Instrument, Basis Spread on Variable Rate | 15.50% | 15.50% |
Mortgage Promissory Note, July 2020 [Member] | Minimum [Member] | ||
Debt Instrument, Interest Rate, Stated Percentage | 7% | 7% |
Mortgage Promissory Note, July 2020 [Member] | Maximum [Member] | ||
Debt Instrument, Interest Rate, Stated Percentage | 10.30% | 10.30% |
Equipment Notes, May 2021 [Member] | Notes Payable, Other Payables [Member] | ||
Debt Instrument, Face Amount | $ 46 | $ 46 |
Debt Instrument, Maturity Date | Jun. 30, 2025 | Jun. 30, 2025 |
Interest rate, effective rate | 3.60% | 3.60% |
Equipment Notes June 2023 [Member] | Notes Payable, Other Payables [Member] | ||
Debt Instrument, Face Amount | $ 144 | $ 144 |
Debt Instrument, Maturity Date | Aug. 31, 2025 | Aug. 31, 2025 |
Interest rate, effective rate | 14% | 14% |
Progress Payment Agreement [Member] | ||
Debt Instrument, Interest Rate, Stated Percentage | 25.20% | 25.20% |
Debt Instrument, Face Amount | $ 37 | $ 37 |
Note 9 - Debt - Due Under Facto
Note 9 - Debt - Due Under Factoring Agreement (Details) - Line of Credit [Member] - Factoring Agreement [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Average borrowings outstanding (in thousands) | $ 2,303 | $ 3,179 |
Fees paid, as a percentage of average outstanding borrowings | 7.30% | 5.80% |
Interest paid, as a percentage of average outstanding borrowings | 9.50% | 7% |
Note 9 - Debt - Future Principa
Note 9 - Debt - Future Principal Maturities of Long-term Debt Outstanding (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
2024 | $ 75 | |
2025 | 54 | |
2026 | 0 | |
2027 | 0 | |
2028 | 4,035 | |
Principal maturities | 4,164 | |
Debt issuance costs | (1,067) | |
Total long term debt, net | $ 3,097 | $ 1,824 |
Note 10 - Equity, Share-based_3
Note 10 - Equity, Share-based Compensation, Warrants and Securities Offerings (Details Textual) | 1 Months Ended | 10 Months Ended | 12 Months Ended | ||||||||||||
Sep. 13, 2021 USD ($) $ / shares shares | Dec. 31, 2023 USD ($) $ / shares shares | Aug. 31, 2023 | Jul. 31, 2023 $ / shares shares | Oct. 31, 2022 USD ($) $ / shares shares | Oct. 31, 2023 USD ($) | Dec. 31, 2023 USD ($) $ / shares shares | Dec. 31, 2022 USD ($) $ / shares shares | Dec. 31, 2021 $ / shares shares | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 01, 2023 USD ($) $ / shares shares | Sep. 30, 2023 $ / shares | Sep. 30, 2022 $ / shares | Jul. 14, 2022 shares | |
Share Based Compensation, Maximum Percentage of Ownership | 4.95% | ||||||||||||||
Common Stock, No Par Value (in dollars per share) | $ / shares | $ 0 | $ 0 | $ 0 | ||||||||||||
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 1,230,000 | 1,230,000 | |||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding, Number (in shares) | 4,387,802 | 4,387,802 | 2,298,769 | 875,067 | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares) | 114,056 | 114,056 | 55,424 | ||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 100,000 | 0 | |||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period (in shares) | 41,368 | 8,972 | |||||||||||||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price (in dollars per share) | $ / shares | $ 3.66 | ||||||||||||||
Share-based Compensation Arrangement By Share-based Payment Award Options Forfeitures and Expirations, Weighted Average Remaining Contractual Term (Year) | 1 year | ||||||||||||||
Restricted Stock Units (RSUs) [Member] | |||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested | $ | $ 0.1 | ||||||||||||||
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Tranche Two [Member] | |||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year) | 5 years | ||||||||||||||
RSUs and SUs [Member] | |||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Nonvested | $ | $ 0.1 | 0.1 | |||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding | $ | 0.1 | 0.1 | |||||||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ | $ 0.1 | $ 0.1 | |||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 1 year 3 months 18 days | ||||||||||||||
Unvested RSU [Member] | |||||||||||||||
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 382,894 | 382,894 | |||||||||||||
Stock Units [Member] | |||||||||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ | $ 0.1 | $ 0.1 | |||||||||||||
Stock Issued During Period, Shares, Restricted Stock Award, Gross (in shares) | 160,000 | ||||||||||||||
Stock Issued During Period, Shares, Restricted Stock Award, Cash Signing Fee | $ | $ 0.2 | ||||||||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 9 months 18 days | ||||||||||||||
Options, RSUs and SUs [Member] | |||||||||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ | $ 0.1 | $ 0.1 | |||||||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 8 months 12 days | ||||||||||||||
The 2014 Equity Incentive Plan [Member] | |||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares) | 1,230,000 | 1,230,000 | 600,000 | ||||||||||||
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 0 | 0 | |||||||||||||
The 2014 Equity Incentive Plan [Member] | Share-Based Payment Arrangement, Option [Member] | |||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year) | 10 years | ||||||||||||||
The 2014 Equity Incentive Plan [Member] | Stock Units [Member] | |||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding, Number (in shares) | 1,000,000 | ||||||||||||||
Maximum [Member] | Share-Based Payment Arrangement, Option [Member] | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award Options Exercisable Period (Year) | 4 years | ||||||||||||||
Securities Purchase Agreement [Member] | |||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 2,222,222 | ||||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 0.18 | $ 0.18 | |||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 2,222,222 | ||||||||||||||
Private Placement [Member] | |||||||||||||||
Proceeds from Issuance or Sale of Equity | $ | $ 4,000,000 | ||||||||||||||
Offering Pursuant to Shelf Registration Statement [Member] | |||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 230,750 | 675,000 | |||||||||||||
Proceeds from Issuance or Sale of Equity | $ | $ 2,800,000 | ||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 230,750 | 675,000 | |||||||||||||
Payments of Stock Issuance Costs | $ | $ 200,000 | ||||||||||||||
Secured Promissory Note [Member] | Funicular Financing [Member] | |||||||||||||||
Debt Instrument, Face Amount | $ | $ 4,000,000 | $ 4,000,000 | $ 4 | ||||||||||||
Debt Instrument, Discount Rate | 10% | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 13.50% | ||||||||||||||
Debt Instrument, Fee Amount | $ | $ 50,000 | ||||||||||||||
Preferred Share Purchase Right [Member] | |||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 6 | ||||||||||||||
The Warrant [Member] | |||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 1 | ||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 230,769 | ||||||||||||||
Class of Warrant or Right, Change in Exercise Price, Maximum Percentage of Five-day Volume Weighted Average Common Stock | 110% | 110% | |||||||||||||
Warrants and Rights Outstanding | $ | $ 600,000 | ||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 230,769 | ||||||||||||||
Funicular Warrants [Member] | |||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 0.18 | $ 0.18 | |||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 5,010,206 | 5,010,206 | |||||||||||||
Warrants and Rights Outstanding, Term (Year) | 5 years | 5 years | |||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 5,010,206 | 5,010,206 | |||||||||||||
The Prefunded Warrants [Member] | |||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 0.001 | $ 0.0001 | |||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 230,786 | 325,000 | |||||||||||||
Class of Warrant or Right, Exercise Price, Prefunded (in dollars per share) | $ / shares | $ 6.499 | $ 1.4999 | |||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 230,786 | 325,000 | |||||||||||||
Warrants Issued in Private Placement [Member] | |||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 1.6 | $ 1.875 | $ 1.6 | ||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 63,000 | ||||||||||||||
Proceeds from Issuance or Sale of Equity | $ | $ 1,000,000 | ||||||||||||||
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs | $ | $ 500,000 | ||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 63,000 | ||||||||||||||
Warrants Issued in Private Placement [Member] | Maximum [Member] | |||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 2,000,000 | ||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 2,000,000 | ||||||||||||||
Warrant A [Member] | |||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 10 | $ 10 | $ 10 | $ 0.57 | $ 2.72 | ||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 150,000 | ||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 150,000 | ||||||||||||||
Common Stock Purchase Warrant [Member] | Sabby [Member] | |||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 323,810 | ||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 323,810 | ||||||||||||||
Common Stock Purchase Warrant [Member] | Hudson Bay Master Fund Ltd. [Member] | |||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 155,000 | ||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 155,000 | ||||||||||||||
Sabby Warrant [Member] | |||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 0.2016 | ||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 1,200,000 | ||||||||||||||
Warrants and Rights Outstanding, Term (Year) | 3 years | 3 years | |||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 1,200,000 | ||||||||||||||
Class of Warrant or Right, Date from which Warrants or Rights Exercisable | Dec. 01, 2023 | ||||||||||||||
Series A Through F Preferred Stock [Member] | |||||||||||||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 0 | ||||||||||||||
Series G Preferred Stock [Member] | |||||||||||||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 150 | 150 | 150 | 150 | |||||||||||
Convertible Preferred Stock, Shares Issued upon Conversion (in shares) | 94.89915 | 94.89915 | |||||||||||||
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ / shares | $ 1,000 | ||||||||||||||
Series H Preferred Stock [Member] | |||||||||||||||
Preferred Stock, No Par Value (in dollars per share) | $ / shares | 0 | ||||||||||||||
Preferred Stock, Dividend Rate, Per-Dollar-Amount (in dollars per share) | $ / shares | $ 1 | ||||||||||||||
Series H Preferred Stock [Member] | Preferred Share Purchase Right [Member] | |||||||||||||||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | 0.001 | ||||||||||||||
Reverse Stock Split [Member] | |||||||||||||||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 10 |
Note 10 - Equity, Share-based_4
Note 10 - Equity, Share-based Compensation and Warrants - Share-based Compensation Expenses Related to Employees and Directors (Details) - The 2014 Equity Incentive Plan [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Compensation expense related to common stock awards issued under equity incentive plan | $ 412 | $ 1,261 |
Restricted Stock Units (RSUs) [Member] | ||
Compensation expense related to common stock awards issued under equity incentive plan | 316 | 1,160 |
Share-Based Payment Arrangement, Option [Member] | ||
Compensation expense related to common stock awards issued under equity incentive plan | $ 96 | $ 101 |
Note 10 - Equity, Share-based_5
Note 10 - Equity, Share-based Compensation, Warrants and Securities Offerings - Information Regarding Common Stock Issued (Details) - $ / shares | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Shares issued (in shares) | 350,400 | 137,698 |
Weighted Average Grant Date Fair Value Per Share (in dollars per share) | ||
Director [Member] | Common Stock [Member] | ||
Shares issued (in shares) | 104,249 | 34,875 |
Weighted Average Grant Date Fair Value Per Share (in dollars per share) | $ 1.11 | $ 6.71 |
Employees [Member] | Common Stock [Member] | ||
Shares issued (in shares) | 186,686 | 89,307 |
Weighted Average Grant Date Fair Value Per Share (in dollars per share) | $ 4.16 | $ 5.75 |
Consultants [Member] | Common Stock [Member] | ||
Shares issued (in shares) | 59,465 | 13,516 |
Weighted Average Grant Date Fair Value Per Share (in dollars per share) | $ 1.29 | $ 6.47 |
Note 10 - Equity, Share-based_6
Note 10 - Equity, Share-based Compensation and Warrants - Restricted Stock Unit Activity (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||||
Jan. 01, 2023 | Jan. 01, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Nonvested, weighted average expense period (Year) | 2 years 10 months 24 days | 1 year 4 months 24 days | 4 years 1 month 6 days | 2 years 10 months 24 days | |
Restricted Stock Units (RSUs) [Member] | |||||
Nonvested, shares issued (in shares) | 366,818 | 126,603 | 366,818 | 126,603 | |
Nonvested, unrecognized stock compensation | $ 1,024 | $ 658 | $ 1,024 | $ 658 | |
Nonvested, average grant date fair value (in dollars per share) | $ 2.79 | $ 5.2 | $ 2.79 | $ 5.2 | |
Nonvested, weighted average expense period (Year) | 2 months 12 days | 2 years 9 months 18 days | 10 months 24 days | ||
Granted, nonvested, shares issued (in shares) | 316,845 | 527,871 | |||
Granted, unrecognized stock compensation | $ 186 | $ 1,680 | |||
Granted, average grant date fair value (in dollars per share) | $ 0.59 | $ 3.18 | |||
Granted, weighted average expense period (Year) | 2 years 8 months 12 days | ||||
Granted, unrecognized stock compensation | $ 186 | $ 1,680 | |||
Granted, weighted average expense period (Year) | 2 years 8 months 12 days | ||||
Before modification (in shares) | (17,050) | ||||
Before modification | $ (150) | ||||
Before modification (in dollars per share) | $ 8.77 | ||||
Before modification (Year) | 7 months 6 days | ||||
After modification (in shares) | 17,050 | ||||
After modification | $ 64 | ||||
After modification (in dollars per share) | $ 3.73 | ||||
Forfeited, shares issued (in shares) | (234,059) | (11,744) | |||
Forfeited, unrecognized stock compensation | $ (892) | $ (68) | |||
Forfeited, average grant date fair value (in dollars per share) | $ 3.81 | $ 5.77 | |||
Vested with service (in shares) | (449,104) | (275,912) | |||
Expensed | $ (317) | $ (1,160) | |||
Forfeited, weighted average expense period (Year) | 1 year 3 months 18 days | ||||
Nonvested, shares issued (in shares) | 500 | 366,818 | 126,603 | ||
Nonvested, unrecognized stock compensation | $ 1 | $ 1,024 | $ 658 | ||
Nonvested, average grant date fair value (in dollars per share) | $ 1.28 | $ 2.79 | $ 5.2 | ||
Vested, balance (in shares) | 224,725 | 86,505 | 224,725 | 86,505 | |
Vested with service (in shares) | 508,569 | 275,912 | |||
Issued at termination of service (in shares) | (83,725) | ||||
Issued at vesting (in shares) | (350,400) | (53,967) | |||
Vested, balance (in shares) | 382,894 | 224,725 | 86,505 | ||
Stock Units Issued (SUI) [Member] | |||||
Nonvested, shares issued (in shares) | 160,000 | 0 | 160,000 | 0 | |
Nonvested, unrecognized stock compensation | $ 201 | $ 0 | $ 201 | $ 0 | |
Nonvested, average grant date fair value (in dollars per share) | $ 1.26 | $ 0 | $ 1.26 | $ 0 | |
Nonvested, weighted average expense period (Year) | 1 year 9 months 18 days | 2 years 8 months 12 days | |||
Granted, nonvested, shares issued (in shares) | 6,132 | 160,000 | |||
Granted, unrecognized stock compensation | $ 5 | $ 216 | |||
Granted, average grant date fair value (in dollars per share) | $ 0.74 | $ 1.35 | |||
Granted, weighted average expense period (Year) | 3 years | ||||
Granted, unrecognized stock compensation | $ 5 | $ 216 | |||
Granted, weighted average expense period (Year) | 3 years | ||||
Forfeited, shares issued (in shares) | 0 | 0 | |||
Forfeited, unrecognized stock compensation | $ 0 | $ 0 | |||
Forfeited, average grant date fair value (in dollars per share) | $ 0 | $ 0 | |||
Vested with service (in shares) | (59,465) | 0 | |||
Expensed | $ (80) | $ (15) | |||
Nonvested, shares issued (in shares) | 106,667 | 160,000 | 0 | ||
Nonvested, unrecognized stock compensation | $ 126 | $ 201 | $ 0 | ||
Nonvested, average grant date fair value (in dollars per share) | $ 1.18 | $ 1.26 | $ 0 |
Note 10 - Equity, Share-based_7
Note 10 - Equity, Share-based Compensation, Warrants and Securities Offerings - Warrants Activity (Details) - $ / shares | 12 Months Ended | |||
Jan. 01, 2023 | Jan. 01, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Outstanding, balance (in shares) | 2,298,769 | 875,067 | 2,298,769 | 875,067 |
Outstanding, weighted average exercise price (in dollars per share) | $ 1.76 | $ 9.76 | $ 1.76 | $ 9.76 |
Nonvested, weighted average expense period (Year) | 2 years 10 months 24 days | 1 year 4 months 24 days | 4 years 1 month 6 days | 2 years 10 months 24 days |
Issued (in shares) | 4,324,802 | 2,063,000 | ||
Issued, weighted average exercise price (in dollars per share) | $ 0.21 | $ 1.61 | ||
Issued, weighted average remaining contractual life (Year) | 4 years 1 month 6 days | 3 years 1 month 6 days | ||
Before adjustment (in shares) | 0 | 230,769 | ||
Before adjustment, weighted average exercise price (in dollars per share) | $ 0 | $ 10 | ||
Before adjustment, weighted average remaining contractual life (Year) | 4 years | |||
After adjustment (in shares) | 0 | (230,769) | ||
After adjustment, weighted average exercise price (in dollars per share) | $ 0 | $ 2.72 | ||
After adjustment, weighted average remaining contractual life (Year) | 4 years | |||
Forfeited (in shares) | (2,230,769) | |||
Forfeited, weighted average exercise price (in dollars per share) | $ 1.72 | |||
Forfeited, weighted average remaining contractual life (Year) | 2 years 10 months 24 days | |||
Expired (in shares) | (5,000) | (639,298) | ||
Expired, weighted average exercise price (in dollars per share) | $ 20 | $ 9.6 | ||
Outstanding, balance (in shares) | 4,387,802 | 2,298,769 | ||
Outstanding, weighted average exercise price (in dollars per share) | $ 0.21 | $ 1.76 |
Note 10 - Equity, Share-based_8
Note 10 - Equity, Share-based Compensation, Warrants and Securities Offerings - Exercisable and Outstanding (Details) - $ / shares | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Weighted Average Exercise Price (in dollars per share) | $ 0.21 | $ 1.76 | $ 9.76 |
Warrants [Member] | |||
Shares Under Warrants (in shares) | 0.21 | ||
Weighted Average Exercise Price (in dollars per share) | $ 4.1 | ||
Warrants [Member] | Exercise Range One [Member] | |||
Shares Under Warrants (in shares) | 0.18 | ||
Weighted Average Exercise Price (in dollars per share) | $ 4.9 | ||
Warrants [Member] | Exercise Price Range Two [Member] | |||
Shares Under Warrants (in shares) | 0.2 | ||
Weighted Average Exercise Price (in dollars per share) | $ 1.8 | ||
Warrants [Member] | Exercise Price Range Three [Member] | |||
Shares Under Warrants (in shares) | 1.88 | ||
Weighted Average Exercise Price (in dollars per share) | $ 3.8 |
Note 11 - Income Taxes (Details
Note 11 - Income Taxes (Details Textual) $ in Thousands | 12 Months Ended |
Dec. 31, 2023 USD ($) | |
Minimum State and Franchise Taxes, Expense | $ 12 |
Domestic Tax Authority [Member] | |
Operating Loss Carryforwards | 70,400 |
Operating Loss Carryforwards, Subject To Expiration | $ 9,900 |
Domestic Tax Authority [Member] | Minimum [Member] | |
Operating Loss Carryforwards, Expiration Date | Dec. 31, 2036 |
Domestic Tax Authority [Member] | Maximum [Member] | |
Operating Loss Carryforwards, Expiration Date | Dec. 31, 2037 |
State and Local Jurisdiction [Member] | |
Operating Loss Carryforwards | $ 47,500 |
Operating Loss Carryforwards, Subject To Expiration | $ 45,600 |
State and Local Jurisdiction [Member] | Minimum [Member] | |
Operating Loss Carryforwards, Expiration Date | Dec. 31, 2024 |
State and Local Jurisdiction [Member] | Maximum [Member] | |
Operating Loss Carryforwards, Expiration Date | Dec. 31, 2043 |
Note 11 - Income Taxes - Deferr
Note 11 - Income Taxes - Deferred Tax Asset (Liability) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Net operating loss carryforwards | $ 17,734 | $ 14,264 | |
Stock options and warrants | 1,090 | 1,151 | |
Property and equipment | 310 | (46) | |
Property and equipment | 310 | (46) | |
Intangible assets | 688 | 875 | |
Capitalized expenses | 105 | 117 | |
Other | 440 | 655 | |
Operating right-of-use lease assets | 0 | 0 | |
Operating right-of-use lease liabilities | 124 | 167 | |
Net deferred tax assets | 20,491 | 17,183 | |
Less: Valuation allowance | (20,491) | (17,183) | $ (15,456) |
Deferred tax asset (liability) | $ 0 | $ 0 |
Note 11 - Income Taxes - Summar
Note 11 - Income Taxes - Summarizes the Changes in the Valuation Allowance (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Valuation allowances, beginning of year | $ 17,183 | $ 15,456 |
Net operating loss and other temporary differences | 3,974 | 1,997 |
Expiration of net operating losses and limitations | (33) | (90) |
Adjustment to deferred taxes | (159) | (197) |
Impact of state tax rate change | (404) | 22 |
Other | 70 | (5) |
Valuation allowance, end of year | $ 20,491 | $ 17,183 |
Note 11 - Income Taxes - Income
Note 11 - Income Taxes - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Pre-tax income (loss) | $ (8,539) | $ (6,641) |
Income tax benefit at federal statutory rate | (1,796) | (1,646) |
State tax benefit, net of federal tax effect | (189) | (421) |
Effect of change in state tax rate | 404 | (22) |
Change in valuation allowance | 3,308 | 1,727 |
Expirations of net operating losses and application of IRC 382 limitation | 33 | 90 |
Fair value adjustments and others | (1,960) | 5 |
Other nondeductible expenses | 53 | 89 |
Adjustments to deferreds | 159 | 197 |
Income tax expense | $ 12 | $ 19 |
Note 12 - Income (Loss) Per S_3
Note 12 - Income (Loss) Per Share (EPS) - EPS Computations (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Basic and diluted - loss from continuing operations | $ (8,551) | $ (6,660) |
Weighted average number of shares of shares of common stock outstanding (in shares) | 6,746,688 | 5,414,079 |
Weighted average number of shares of common stock underlying vested restricted stock units (in shares) | 245,670 | 100,592 |
Basic EPS - weighted average number of shares outstanding (in shares) | 6,992,358 | 5,514,671 |
Diluted EPS - weighted average number of shares outstanding (in shares) | 6,992,358 | 5,514,671 |
Note 13 - Fair Value Measurem_3
Note 13 - Fair Value Measurement (Details Textual) - Warrant A [Member] - shares | Dec. 31, 2023 | Dec. 01, 2023 |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 150,000 | |
Derivative Financial Instruments, Liabilities [Member] | ||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 150,000 |
Note 13 - Fair Value Measurem_4
Note 13 - Fair Value Measurements - Fair Value of Liabilities on Recurring Basis (Details) - Fair Value, Recurring [Member] $ in Thousands | Dec. 31, 2022 USD ($) |
Derivative warrant liability | $ 69 |
Total liabilities at fair value | 69 |
Fair Value, Inputs, Level 1 [Member] | |
Derivative warrant liability | 0 |
Total liabilities at fair value | 0 |
Fair Value, Inputs, Level 2 [Member] | |
Derivative warrant liability | 0 |
Total liabilities at fair value | 0 |
Fair Value, Inputs, Level 3 [Member] | |
Derivative warrant liability | 69 |
Total liabilities at fair value | $ 69 |
Note 13 - Fair Value Measurem_5
Note 13 - Fair Value Measurement - Changes in Level 3 Items Measured at Fair Value (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Fair value as of beginning of period | $ 69 | $ 258 |
Total realized and unrealized gains (losses) | (69) | (189) |
Issuance of new instruments | 0 | 0 |
Net transfers (into) out of level 3 | 0 | 0 |
Fair value at end of period | 0 | 69 |
Change in unrealized gains (losses) on instruments still held | $ (69) | $ (189) |
Note 14 - Commitments and Con_2
Note 14 - Commitments and Contingencies (Details Textual) $ in Millions | Jan. 31, 2023 USD ($) |
Proceeds from Legal Settlements | $ 0.3 |
Note 15 - Subsequent Event (Det
Note 15 - Subsequent Event (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |||
Jan. 25, 2024 | Dec. 31, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | |
Impairment, Long-Lived Asset, Held-for-Use | $ 1,500 | $ 1,542 | $ 0 | |
Subsequent Event [Member] | ||||
Proceeds from Sale of Property, Plant, and Equipment | $ 2,150 |