| Schedule of Balance Sheet Detail Information |
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|
|
December 31, 2020
|
|
|
September 30, 2020
|
|
|
Trade receivables, current, net:
|
|
|
|
|
|
|
|
|
|
Accounts receivable, current
|
|
$
|
17,626
|
|
|
$
|
20,197
|
|
|
Less: Reserve for doubtful accounts
|
|
|
(62
|
)
|
|
|
(76
|
)
|
|
|
|
$
|
17,564
|
|
|
$
|
20,121
|
|
|
Trade receivables , long term, net:
|
|
|
|
|
|
|
|
|
|
Accounts receivable, long term
|
|
$
|
—
|
|
|
$
|
196
|
|
|
Less: Reserve for doubtful accounts
|
|
|
—
|
|
|
|
(196
|
)
|
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
Total trade receivables, net:
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|
|
|
|
|
|
|
|
|
Gross trade receivables
|
|
$
|
17,626
|
|
|
$
|
20,393
|
|
|
Less: Reserve for doubtful accounts
|
|
|
(62
|
)
|
|
|
(272
|
)
|
|
|
|
$
|
17,564
|
|
|
$
|
20,121
|
|
|
Inventory, net
|
|
|
|
|
|
|
|
|
|
Raw materials
|
|
$
|
12,930
|
|
|
$
|
13,175
|
|
|
Work in progress
|
|
|
11,031
|
|
|
|
11,747
|
|
|
Finished goods
|
|
|
26,474
|
|
|
|
25,009
|
|
|
Merchandise
|
|
|
16,891
|
|
|
|
17,729
|
|
|
|
|
|
67,326
|
|
|
|
67,660
|
|
|
Less: Inventory reserves
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|
|
(2,587
|
)
|
|
|
(3,135
|
)
|
|
|
|
$
|
64,739
|
|
|
$
|
64,525
|
|
|
Property and equipment, net:
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|
|
|
|
|
|
|
|
|
Building and improvements
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|
$
|
11,405
|
|
|
$
|
9,908
|
|
|
Transportation equipment
|
|
|
122
|
|
|
|
480
|
|
|
Machinery and equipment
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|
|
29,719
|
|
|
|
27,217
|
|
|
Furnishings, fixtures, office equipment and other
|
|
|
6,749
|
|
|
|
6,353
|
|
|
|
|
|
47,994
|
|
|
|
43,958
|
|
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Less: Accumulated depreciation
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|
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(16,868
|
)
|
|
|
(13,582
|
)
|
|
|
|
$
|
31,127
|
|
|
$
|
30,376
|
|
|
Intangible assets, net:
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|
|
|
|
|
|
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Domain name and marketing related intangibles
|
|
$
|
90
|
|
|
$
|
90
|
|
|
Customer relationship intangibles
|
|
|
2,689
|
|
|
|
2,689
|
|
|
Purchased software
|
|
|
121
|
|
|
|
121
|
|
|
|
|
|
2,900
|
|
|
|
2,900
|
|
|
Less: Accumulated amortization
|
|
|
(1,944
|
)
|
|
|
(1,837
|
)
|
|
|
|
$
|
956
|
|
|
$
|
1,063
|
|
|
Accrued liabilities:
|
|
|
|
|
|
|
|
|
|
Accrued payroll
|
|
$
|
2,691
|
|
|
$
|
4,178
|
|
|
Accrued sales and use taxes
|
|
|
1,574
|
|
|
|
1,251
|
|
|
Accrued property and other tax
|
|
|
208
|
|
|
|
270
|
|
|
Accrued gift card and escheatment liability
|
|
|
1,683
|
|
|
|
1,534
|
|
|
Accrued interest payable
|
|
|
393
|
|
|
|
280
|
|
|
Accrued bank fees and overdrafts
|
|
|
514
|
|
|
|
2,631
|
|
|
Accrued professional fees
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|
|
5,102
|
|
|
|
3,378
|
|
|
Customer deposits
|
|
|
35
|
|
|
|
169
|
|
|
Accrued expenses - other
|
|
|
695
|
|
|
|
1,131
|
|
|
|
|
$
|
12,896
|
|
|
$
|
14,822
|
|
|
| Schedule of Balance Sheet Detail Information |
ApplianceSmart’s balance sheet as of December 31, 2020 is below. The debtor in possession assets and liabilities are primarily related to assets and liabilities incurred pre-petition and are subject to compromise.
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December 31, 2020
|
|
|
|
|
(Unaudited)
|
|
|
Assets
|
|
|
|
|
|
Cash
|
|
$
|
42
|
|
|
Inventories, net
|
|
|
284
|
|
|
Total debtor in possession assets
|
|
|
326
|
|
|
Right of use asset - operating leases
|
|
|
691
|
|
|
Total assets
|
|
$
|
1,017
|
|
|
Liabilities and Stockholders' Equity
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
|
Accounts payable
|
|
$
|
5,935
|
|
|
Accrued liabilities
|
|
|
3,128
|
|
|
Notes payable related parties, including current portion
|
|
|
2,826
|
|
|
Total debtor in possession liabilities
|
|
|
11,889
|
|
|
Accounts payable
|
|
42
|
|
|
Accrued liabilities
|
|
|
818
|
|
|
Lease obligation long term - operating leases
|
|
|
699
|
|
|
Crossroads Financial Revolver Loan
|
|
|
828
|
|
|
Taxes payable
|
|
|
886
|
|
|
Other non-current obligations
|
|
|
|
|
|
Total liabilities
|
|
|
15,162
|
|
|
Stockholders' equity:
|
|
|
|
|
|
Intercompany
|
|
|
1,350
|
|
|
Accumulated deficit
|
|
|
(15,495
|
)
|
|
Total stockholders' equity
|
|
|
(14,145
|
)
|
|
Total liabilities and stockholders' equity
|
|
$
|
1,017
|
|
|