2024 Q2 Form 10-K Financial Statement

#000149315224012410 Filed on April 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $2.952M $2.002M $10.50M
YoY Change 10.94% -13.3% -24.38%
Cost Of Revenue $2.799M $2.120M $9.438M
YoY Change 6.22% -13.72% -17.51%
Gross Profit $153.0K -$118.0K $1.061M
YoY Change 488.46% -20.27% -56.53%
Gross Profit Margin 5.18% -5.89% 10.11%
Selling, General & Admin $1.414M $1.594M $6.245M
YoY Change -9.53% -13.28% -30.86%
% of Gross Profit 924.18% 588.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $322.0K $234.0K $1.356M
YoY Change -21.46% -43.75% -10.79%
% of Gross Profit 210.46% 127.8%
Operating Expenses $1.335M $1.594M $6.245M
YoY Change -6.51% -13.28% -31.3%
Operating Profit -$1.182M -$1.712M -$5.184M
YoY Change -15.69% -13.8% -22.03%
Interest Expense -$308.0K -$246.0K -$1.108M
YoY Change -194.48% 2.5% -150.0%
% of Operating Profit
Other Income/Expense, Net -$306.0K -$12.00K -$1.243M
YoY Change 26.97% -83.56% -87.07%
Pretax Income -$1.488M -$2.138M -$7.535M
YoY Change -9.43% -77.98% -53.68%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.488M -$2.175M -$7.685M
YoY Change -9.43% -77.68% -52.85%
Net Earnings / Revenue -50.41% -108.64% -73.2%
Basic Earnings Per Share -$0.87 -$7.04
Diluted Earnings Per Share -$0.87 -$1.38 -$7.04
COMMON SHARES
Basic Shares Outstanding 1.706M shares 1.562M shares 1.091M shares
Diluted Shares Outstanding 1.091M shares

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $420.0K $403.0K $403.0K
YoY Change -49.94% -44.26% -44.26%
Cash & Equivalents $420.0K $403.0K
Short-Term Investments
Other Short-Term Assets $467.0K $363.0K $363.0K
YoY Change -39.19% -37.31% -37.31%
Inventory $3.043M $3.212M $3.212M
Prepaid Expenses
Receivables $1.017M $559.0K $559.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.947M $4.537M $4.537M
YoY Change -19.47% -31.47% -31.47%
LONG-TERM ASSETS
Property, Plant & Equipment $4.282M $7.370M $7.370M
YoY Change -16.95% 28.37% -15.57%
Goodwill
YoY Change
Intangibles $4.798M $5.005M
YoY Change -13.95% -13.08%
Long-Term Investments
YoY Change
Other Assets $422.0K $516.0K $516.0K
YoY Change 24.12% 39.84% 101.56%
Total Long-Term Assets $11.64M $12.94M $12.94M
YoY Change -14.17% -12.88% -12.88%
TOTAL ASSETS
Total Short-Term Assets $4.947M $4.537M $4.537M
Total Long-Term Assets $11.64M $12.94M $12.94M
Total Assets $16.59M $17.48M $17.48M
YoY Change -15.82% -18.61% -18.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.916M $2.076M $2.076M
YoY Change 23.4% 20.14% 20.14%
Accrued Expenses $742.0K $1.463M $1.463M
YoY Change -49.9% -3.05% -41.48%
Deferred Revenue $51.00K $88.00K
YoY Change -66.88% 388.89%
Short-Term Debt $4.258M $0.00 $0.00
YoY Change 751.6%
Long-Term Debt Due $8.209M $578.0K $578.0K
YoY Change -48.42% -92.81% -92.81%
Total Short-Term Liabilities $17.17M $4.205M $4.205M
YoY Change -21.75% -67.68% -67.68%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $10.60M $10.60M
YoY Change 35.16% 35.16%
Other Long-Term Liabilities $1.355M $1.824M $1.824M
YoY Change -24.89% -14.77% -14.77%
Total Long-Term Liabilities $1.355M $12.42M $12.42M
YoY Change -24.89% 24.46% 24.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.17M $4.205M $4.205M
Total Long-Term Liabilities $1.355M $12.42M $12.42M
Total Liabilities $18.52M $16.63M $16.63M
YoY Change -21.99% -27.68% -27.68%
SHAREHOLDERS EQUITY
Retained Earnings -$85.60M -$82.70M
YoY Change 9.32% 10.27%
Common Stock $0.00 $0.00
YoY Change -100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.934M $853.0K $853.0K
YoY Change
Total Liabilities & Shareholders Equity $16.59M $17.48M $17.48M
YoY Change -15.82% -18.61% -18.61%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$1.488M -$2.175M -$7.685M
YoY Change -9.43% -77.68% -52.85%
Depreciation, Depletion And Amortization $322.0K $234.0K $1.356M
YoY Change -21.46% -43.75% -10.79%
Cash From Operating Activities -$1.056M -$139.0K -$1.836M
YoY Change 400.47% -86.48% 109.35%
INVESTING ACTIVITIES
Capital Expenditures $2.000K -$5.000K $194.0K
YoY Change -95.56% -350.0% -92.24%
Acquisitions
YoY Change
Other Investing Activities $83.00K $123.0K $298.0K
YoY Change -43.15% -26.79% 65.56%
Cash From Investing Activities $81.00K $128.0K $104.0K
YoY Change -19.8% -22.89% -104.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.396M
YoY Change 605.05%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.059M 56.00K 1.412M
YoY Change 55.28% -95.14% 120.28%
NET CHANGE
Cash From Operating Activities -1.056M -139.0K -1.836M
Cash From Investing Activities 81.00K 128.0K 104.0K
Cash From Financing Activities 1.059M 56.00K 1.412M
Net Change In Cash 84.00K 45.00K -320.0K
YoY Change -85.31% -84.54% -87.47%
FREE CASH FLOW
Cash From Operating Activities -$1.056M -$139.0K -$1.836M
Capital Expenditures $2.000K -$5.000K $194.0K
Free Cash Flow -$1.058M -$134.0K -$2.030M
YoY Change 313.28% -86.99% -39.89%

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InterestAccruedToSecuredTradeCreditFacility
118000 usd
CY2022 EAST Interest Accrued To Secured Trade Credit Facility
InterestAccruedToSecuredTradeCreditFacility
142000 usd
CY2023 EAST Payment Of Accrued Interest On Secured Credit Facilities
PaymentOfAccruedInterestOnSecuredCreditFacilities
-142000 usd
CY2022 EAST Payment Of Accrued Interest On Secured Credit Facilities
PaymentOfAccruedInterestOnSecuredCreditFacilities
-149000 usd
CY2022 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
39000 usd
CY2022 EAST Interest Accrued To Notes Payable Related Party
InterestAccruedToNotesPayableRelatedParty
-98000 usd
CY2023 EAST Interest Accrued To Secured Credit Facilities Related Party
InterestAccruedToSecuredCreditFacilitiesRelatedParty
-424000 usd
CY2023 EAST Payment Of Accrued Interest On Secured Credit Facilities Related Party
PaymentOfAccruedInterestOnSecuredCreditFacilitiesRelatedParty
348000 usd
CY2023 EAST Issuance Of Common Stock In Exchange For Services Of Related Parties
IssuanceOfCommonStockInExchangeForServicesOfRelatedParties
109000 usd
CY2022 EAST Issuance Of Common Stock In Exchange For Services Of Related Parties
IssuanceOfCommonStockInExchangeForServicesOfRelatedParties
205000 usd
CY2023 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
568000 usd
CY2022 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
315000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
3000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-135000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-483000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1219000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2114000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-364000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
50000 usd
CY2023 EAST Increase Decrease In Rou Assets
IncreaseDecreaseInROUAssets
-1085000 usd
CY2022 EAST Increase Decrease In Rou Assets
IncreaseDecreaseInROUAssets
-992000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
592000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
465000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-756000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
676000 usd
CY2023 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
556000 usd
CY2022 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
725000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
70000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
18000 usd
CY2023 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1119000 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-918000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1836000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-877000 usd
CY2023 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
298000 usd
CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
180000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
194000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2497000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
104000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2317000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1396000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
198000 usd
CY2023 us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
56000 usd
CY2022 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
8000000 usd
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
3500000 usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
40000 usd
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2838000 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1219000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1412000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
641000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-320000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2553000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
723000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3276000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
403000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
723000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
758000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
959000 usd
CY2023 EAST Cash Paid For Amounts Included In Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities
1308000 usd
CY2022 EAST Cash Paid For Amounts Included In Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities
951000 usd
CY2023 EAST Dividends Issued
DividendsIssued
150000 usd
CY2022 EAST Dividends Issued
DividendsIssued
150000 usd
CY2022 EAST Issuance Of Detachable Warrants On Notes Payable
IssuanceOfDetachableWarrantsOnNotesPayable
630000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
700000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
770000 usd
CY2023 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
6510000 usd
CY2023 EAST Accrued Interest Rolled Into Note
AccruedInterestRolledIntoNote
241000 usd
CY2023 EAST Exchange Of Assets For Services
ExchangeOfAssetsForServices
77000 usd
CY2023 EAST Future Proceeds Related To Installment Sales Of Equipment
FutureProceedsRelatedToInstallmentSalesOfEquipment
365000 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_807_eus-gaap--NatureOfOperations_zUrRAZzyGqr5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_823_zwDKrK0d68Wj">Description of Business</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Eastside Distilling (the “Company” or “Eastside Distilling”) was incorporated under the laws of Nevada in 2004 under the name of Eurocan Holdings, Ltd. In December 2014, the Company changed its corporate name to Eastside Distilling, Inc. to reflect the acquisition of Eastside Distilling, LLC. The Company manufactures, acquires, blends, bottles, imports, markets and sells a wide variety of alcoholic beverages under recognized brands. The Company currently employs 47 people</span> in the United States.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company operates a beverage packaging and services business that operates in the beverage segment. During 2022, the Company made substantial investments to expand its product offerings to include digital can printing in the Pacific Northwest (together Craft Canning + Printing, “Craft C+P”). Craft C+P operates mobile filling lines and offers co-packing services with end-to-end production capabilities in Portland, Oregon.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s spirits’ brands span several alcoholic beverage categories, including whiskey, vodka, rum, and tequila. The Company sells products on a wholesale basis to distributors in open states and through brokers in control states.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-82700000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-7500000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_841_eus-gaap--UseOfEstimates_z6QzdBw4Zxjk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_869_zjeCi30tvIIk">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Eastside Distilling, Inc. and Subsidiaries</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to Consolidated Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31, 2023</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 EAST Customer Programs And Incentives Paid
CustomerProgramsAndIncentivesPaid
200000 usd
CY2022 EAST Customer Programs And Incentives Paid
CustomerProgramsAndIncentivesPaid
200000 usd
CY2023 us-gaap Excise Taxes Collected
ExciseTaxesCollected
100000 usd
CY2022 us-gaap Excise Taxes Collected
ExciseTaxesCollected
200000 usd
CY2023 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
200000 usd
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
700000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_840_eus-gaap--ConcentrationRiskCreditRisk_zqkdwMfMesRi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_867_z5kKWlFG4hh8">Concentrations</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of trade receivables. As of December 31, 2023, one distributor represented <span id="xdx_905_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneDistributorMember_zOMK2jnCRD9e" title="Trade receivable percentage">18</span>% of trade receivables. As of December 31, 2022, one distributor represented <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneDistributorMember_zO04t58mlVvc" title="Trade receivable percentage">15</span>% of trade receivables. Sales to one distributor customer accounted for <span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--SupplierConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneWholesaleCustomerMember_z2144bAAz7Fa" title="Trade receivable percentage">19</span>% of consolidated sales for the year ended December 31, 2023. Sales to one distributor and one wholesale customer together accounted for <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--SupplierConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneDistributorAndOneWholesaleCustomerMember_z798CN7gsLm3" title="Concentration risk percentage">40</span>% of consolidated sales for the year ended December 31, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
400000 usd
CY2023 EAST Interest Charged On Advance Payment Amount
InterestChargedOnAdvancePaymentAmount
500000 usd
CY2023 EAST Interest Charged On Advance Rate
InterestChargedOnAdvanceRate
0.01 pure
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84A_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zxwiM6RmSiv5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_866_z0k4n4Zismpk">Reclassification of Prior Year Presentation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations.</span></p>
CY2022 EAST Sale Of Inventory
SaleOfInventory
4400000 usd
CY2023 EAST Sale Of Inventory
SaleOfInventory
800000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10060000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4671000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4319000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4768000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5741000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
2253000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
3127000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
959000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1315000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
3212000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
4442000 usd
CY2022Q4 EAST Prepayment Of Property Plant And Equipment
PrepaymentOfPropertyPlantAndEquipment
346000 usd
CY2023Q4 EAST Prepayment Of Inventory
PrepaymentOfInventory
52000 usd
CY2023Q4 EAST Future Proceeds Related To Installment Sale Of Equipment
FutureProceedsRelatedToInstallmentSaleOfEquipment
89000 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
222000 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
273000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
363000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
619000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9439000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
200000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2500000 usd
CY2023 us-gaap Depreciation
Depreciation
900000 usd
CY2022 us-gaap Depreciation
Depreciation
1000000.0 usd
CY2023 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
300000 usd
CY2023 EAST Future Proceeds Related To Installment Sales Of Equipment
FutureProceedsRelatedToInstallmentSalesOfEquipment
400000 usd
CY2023 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
300000 usd
CY2023 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
400000 usd
CY2022 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
200000 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
100000 usd
CY2023 EAST Write Off Of Obsolete Fixed Assets Net
WriteOffOfObsoleteFixedAssetsNet
25304 usd
CY2022 EAST Write Off Of Obsolete Fixed Assets Net
WriteOffOfObsoleteFixedAssetsNet
5270 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
7073000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
7412000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2068000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1654000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5005000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5758000 usd
CY2023 us-gaap Adjustment For Amortization
AdjustmentForAmortization
400000 usd
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
400000 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
400000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
7500000 usd
CY2023Q4 EAST Other Assets Gross
OtherAssetsGross
912000 usd
CY2022Q4 EAST Other Assets Gross
OtherAssetsGross
656000 usd
CY2023Q4 EAST Accumulated Amortization On Other Assets
AccumulatedAmortizationOnOtherAssets
344000 usd
CY2022Q4 EAST Accumulated Amortization On Other Assets
AccumulatedAmortizationOnOtherAssets
287000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
568000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
369000 usd
CY2023Q4 EAST Capitalized Costs Related To Services
CapitalizedCostsRelatedToServices
400000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2600000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2700000 usd
CY2023 us-gaap Lease Cost
LeaseCost
1300000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
1200000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
100000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1031000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1020000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
808000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
135000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2994000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.066 pure
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
282000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2712000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y25D
CY2023Q4 us-gaap Notes Payable
NotesPayable
8042000 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
7749000 usd
CY2023Q4 us-gaap Notes Payable Current
NotesPayableCurrent
486000 usd
CY2023Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
7556000 usd
CY2022Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
7749000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
486000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
7556000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
8042000 usd
CY2023Q4 EAST Stock Issuance Cost Percentage
StockIssuanceCostPercentage
0.05 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1478 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-3190 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-497 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1074 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1975 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4264 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
23673 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
21325 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
896 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
895 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
24569 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
22220 usd
CY2023Q4 EAST Deferred Tax Liabilities Depreciation And Amortization
DeferredTaxLiabilitiesDepreciationAndAmortization
-2444 usd
CY2022Q4 EAST Deferred Tax Liabilities Depreciation And Amortization
DeferredTaxLiabilitiesDepreciationAndAmortization
-2070 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2444 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2070 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
22125 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
20150 usd
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
74000000 usd
CY2023Q4 EAST Change In Ownership Percentage
ChangeInOwnershipPercentage
0.50 pure
CY2022Q1 EAST Percentage Of Average Of Assets Net
PercentageOfAverageOfAssetsNet
0.01 pure
CY2022Q1 us-gaap Other Assets
OtherAssets
300000 usd
CY2023Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-20 reverse stock split
CY2023Q3 EAST Debt Satisfaction Agreement Description
DebtSatisfactionAgreementDescription
On September 29, 2023, the Company entered into a Debt Satisfaction Agreement (the “DSA”) with the SPV, Aegis, Bigger Capital Fund, LP (“Bigger”), District 2 Capital Fund, LP (“District 2”), LDI Investments, LLC (“LDI”) and TQLA, LLC. The SPV is a special purpose vehicle whose equity is shared 50% by Bigger and District 2 and 50% by Aegis and LDI.
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1300000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2587 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
63.20
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
467 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
87.98
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2120 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
57.95
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2120 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
57.95
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2023 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0 usd
CY2022 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
2926 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
201667 shares
CY2023 EAST Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Remaining Contractual Term Beginning
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTermBeginning
P3Y9M18D
CY2022Q4 EAST Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
33.40
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
201667 shares
CY2023 EAST Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Remaining Contractual Term Ending
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTermEnding
P3Y4M24D
CY2023Q4 EAST Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
34.87
CY2022Q1 EAST Assets Requirement From Related Party Transaction
AssetsRequirementFromRelatedPartyTransaction
100000 usd
CY2023 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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