Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND SUPPLEMENTAL DISCLOSURES (Tables)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND SUPPLEMENTAL DISCLOSURES (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
SCHEDULE OF BREAKDOWN OF CHANGE IN GOODWILL

The following table provides a breakdown of the change in goodwill for the year ended December 31, 2022:

 

    Sound Concepts     Solofire     Total  
    2022  
    Sound Concepts     Solofire     Total  
Beginning Balance   $ 3,427     $ 16,337     $ 19,764  
                         
Impairment loss recognized during the period     (1,665 )     (8,518 )     (10,183 )
                         
Ending Balance   $ 1,762     $ 7,819     $ 9,581  
SCHEDULE OF CONCENTRATION RISK

    Years Ended December 31,
    2023   2022
The Company’s largest customers are presented below as a percentage of the aggregate        
         
Revenues and Accounts receivable   No customers individually over 10%   No customers individually over 10%
         
The Company’s largest vendors are presented below as a percentage of the aggregate        
         
Purchases   One vendor that accounted for 20% of its purchases individually and in the aggregate   One vendor that accounted for 22% of its purchases individually and in the aggregate
SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION

Supplemental Cash Flow Information

 

    2023     2022  
    Years Ended December 31,  
    2023     2022  
Supplemental disclosures of cash flow information:            
Cash paid for interest   $ 399     $ 359  
Cash paid for income taxes   $ 2     $ 1  
                 
Supplemental disclosure of non-cash investing and financing activities attributable to continuing operations:                
Fair value of common shares issued to settle accounts payable and accrued expenses     346       465  
Fair value of common shares issued as payment on notes payable     5,097       -  
Derecognition of operating lease right-of-use asset     1,186       -  
Derecognition of operating lease liabilities     1,870       -  
Derecognition of other assets and liabilities related to lease termination     421       -  
Recognition of operating lease right-of-use asset and related lease liability     245       -  
Fair value of common stock received in exchange for employee’s payroll taxes     -       12  
Accrued capitalized software development costs     -       215  
Discount recognized from convertible notes payable     -       300  
Discount recognized from notes payable     -       450  

Unpaid offering costs related to common stock offerings

    

105

      

-

  

Unpaid offering costs related to preferred stock offering

    

180

      

-

  
Supplemental disclosure of non-cash investing and financing activities attributable to discontinued operations:                
Discount recognized from advances on future receipts     558       997  
Derecognition of operating lease right-of-use assets     -       543  
Derecognition of operating lease liabilities     -       521  
Recognition of operating lease right-of-use asset and related lease liability   $ -     $ 212