Minim (MINM) 10-Q/A 19 Aug 22 2022 Q1 Quarterly report (amended) Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	Aug. 17, 2022
Cover [Abstract]
Document Type	10-Q/A
Amendment Flag	true
Amendment Description	Minim, Inc. (“Minim”, the “Company”, “we”, “our” and similar terms) is filing this Amendment No. 1 to the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2022 to amend and restate certain items presented in our Annual Report on Form 10-K/A for the year ended December 31, 2021 which was filed with the Securities and Exchange Commission (“SEC”) on August 19, 2022. The original Annual Report on Form 10-K for the year ended December 31, 2021 was filed on March 31, 2022 (the “Original Form 10-K”). The original Quarterly Report on Form 10-Q for the period ended March 31, 2022 was filed with the SEC on May 12, 2022 (the “Original 10-Q”).
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	1-37649
Entity Registrant Name	MINIM, INC.
Entity Central Index Key	0001467761
Entity Tax Identification Number	04-2621506
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	848 Elm Street
Entity Address, City or Town	Manchester
Entity Address, State or Province	NH
Entity Address, Postal Zip Code	03101
City Area Code	(833)
Local Phone Number	966-4646
Title of 12(b) Security	Common Stock, $0.01 per share
Trading Symbol	MINM
Security Exchange Name	NASDAQ
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
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		46,504,232

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 10,048,871	$ 12,570,445
Restricted cash	500,000	500,000
Accounts receivable, net of allowance of doubtful accounts of $246,534 and $236,819 as of March 31, 2022 and December 31, 2021, respectively	5,202,262	4,880,663
Inventories, net	31,345,231	33,891,287
Prepaid expenses and other current assets	641,374	587,885
Total current assets	47,737,738	52,430,280
Equipment, net	805,679	762,818
Operating lease right-of-use assets, net	195,821	241,626
Goodwill	58,872	58,872
Intangible assets, net	232,312	262,698
Other assets	645,557	544,738
Total assets	49,675,979	54,301,032
Current liabilities
Bank credit line	7,071,901	5,065,074
Accounts payable	8,208,513	12,458,246
Current maturities of government loan	7,731	34,237
Current maturities of operating lease liabilities	123,891	143,486
Accrued expenses	4,749,664	5,279,917
Deferred revenue, current	404,453	291,296
Total current liabilities	20,566,153	23,272,256
Operating lease liabilities, less current maturities	72,198	98,811
Deferred revenue, noncurrent	427,571	443,452
Total liabilities	21,065,922	23,814,519
Commitments and Contingencies (Note 6)
Stockholders’ equity
Preferred Stock, authorized: 2,000,000 shares at $0.01 par value; 0 shares issued and outstanding
Common Stock, authorized: 60,000,000 shares at $0.01 par value; issued and outstanding: 46,065,817 shares at March 31, 2022 and 45,885,043 shares at December 31, 2021 respectively	460,657	458,850
Additional paid-in capital	89,973,510	89,313,273
Accumulated deficit	(61,824,110)	(59,285,610)
Total stockholders’ equity	28,610,057	30,486,513
Total liabilities and stockholders’ equity	$ 49,675,979	$ 54,301,032

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 246,534	$ 236,819
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Stock, Shares Authorized	60,000,000	60,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common stock, shares issued	46,065,817	45,885,043
Common stock, shares outstanding	46,065,817	45,885,043

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Net sales	$ 13,299,255	$ 15,017,574
Cost of goods sold	9,108,018	9,913,784
Gross profit	4,191,237	5,103,790
Operating expenses:
Selling and marketing	3,652,026	3,173,950
General and administrative	1,451,032	1,077,368
Research and development	1,542,582	1,388,170
Total operating expenses	6,645,640	5,639,488
Operating loss	(2,454,403)	(535,698)
Other income (expense):
Interest expense, net	(78,097)	(28,322)
Gain on forgiveness of debt (Note 5)		20,000
Total other income (expense)	(78,097)	(8,322)
Loss before income taxes	(2,532,500)	(544,020)
Income tax provision	6,000	1,500
Net loss	$ (2,538,500)	$ (545,520)
Basic and diluted net loss per share	$ (0.06)	$ (0.02)
Weighted average common and common equivalent shares: Basic and diluted	46,003,232	35,254,243

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 350,749	$ 64,526,664	$ (57,086,943)	$ 7,790,470
Beginning balance, shares at Dec. 31, 2020	35,074,922
Net loss			(545,520)	(545,520)
Stock option exercises	$ 2,879	376,268		379,147
Stock option exercises, shares	287,932
Stock-based compensation		404,718		404,718
Ending balance, value at Mar. 31, 2021	$ 353,628	65,307,650	(57,632,463)	8,028,815
Ending balance, shares at Mar. 31, 2021	35,362,854
Beginning balance, value at Dec. 31, 2021	$ 458,850	89,313,273	(59,285,610)	30,486,513
Beginning balance, shares at Dec. 31, 2021	45,885,043
Net loss			(2,538,500)	(2,538,500)
Stock option exercises	$ 1,807	97,362		99,169
Stock option exercises, shares	180,774
Stock-based compensation		562,875		562,875
Ending balance, value at Mar. 31, 2022	$ 460,657	$ 89,973,510	$ (61,824,110)	$ 28,610,057
Ending balance, shares at Mar. 31, 2022	46,065,817

Consildated Statements of Cash

Consildated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Cash flows used in operating activities:
Net loss	$ (2,538,500)	$ (545,520)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	130,727	167,293
Amortization of right-of-use assets	45,805	18,916
Amortization of debt issuance costs	17,605	2,418
Amortization of sales contract costs	9,605	5,566
Stock based compensation	562,875	404,718
Provision for accounts receivable allowances	9,714
Provision for inventory reserves	40,266
Non-cash loan forgiveness		(20,000)
Changes in operating assets and liabilities:
Accounts receivable	(331,313)	557,314
Inventories	2,505,790	(1,479,232)
Prepaid expenses and other current assets	(53,489)	(3,624)
Other assets	17,778	(110,447)
Accounts payable	(4,179,887)	(1,365,295)
Accrued expenses	(600,100)	(2,811,777)
Deferred revenue	97,276	228,436
Operating lease liabilities	(46,208)	(18,513)
Net cash used in operating activities	(4,312,056)	(4,969,747)
Cash flows from investing activities:
Purchases of equipment	(115,103)	(257,563)
Certification costs capitalized	(156,300)
Net cash used in investing activities	(271,403)	(257,563)
Cash flows from financing activities:
Net proceeds from the SVB bank credit line	1,989,222	7,009,270
Repayment of the Rosenthal bank credit line		(2,442,246)
Costs associated with bank credit line		(92,905)
Repayment of government loan	(26,506)
Proceeds from stock option exercises	99,169	379,147
Net cash provided by financing activities	2,061,885	4,853,266
Net decrease in cash and cash equivalents	(2,521,574)	(374,044)
Cash, cash equivalents, and restricted cash - Beginning	13,070,445	1,571,757	$ 1,571,757
Cash, cash equivalents, and restricted cash - Ending	10,548,871	1,197,713	13,070,445
Cash paid during the period for:
Interest	78,331	25,945
Income taxes	6,000	1,500
Cash is reported on the consolidated statements of cash flows as follows:
Cash and cash equivalents	10,048,871	397,713	$ 12,570,445
Restricted cash	500,000	800,000
Total cash, cash equivalents and restricted cash	$ 10,548,871	$ 1,197,713

NATURE OF OPERATIONS AND BASIS

NATURE OF OPERATIONS AND BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
NATURE OF OPERATIONS AND BASIS OF PRESENTATION	(1) NATURE OF OPERATIONS AND BASIS OF PRESENTATION Minim, Inc. and its wholly owned subsidiaries, Cadence Connectivity, Inc., MTRLC LLC, and Minim Asia Private Limited, are herein collectively referred to as “Minim” or the “Company”. The Company delivers intelligent networking products that reliably and securely connect homes and offices around the world. We are the exclusive global license holder to the Motorola brand for home networking hardware. The Company designs and manufactures products including cable modems, cable modem/routers, mobile broadband modems, wireless routers, Multimedia over Coax (“MoCA”) adapters and mesh home networking devices. Our AI-driven cloud software platform and applications make network management and security simple for home and business users, as well as the service providers that assist them— leading to higher customer satisfaction and decreased support burden. On January 21, 2022, Zoom Connectivity, Inc. filed with the Secretary of State of the State of Delaware a Certificate of Amendment to its Certificate of Incorporation to change its legal corporate name from “Zoom Connectivity, Inc.” to “Cadence Connectivity, Inc.”, effective as of January 21, 2022. Restatement Subsequent to the issuance of the financial statements for the period ended March 31, 2022, the Company’s management identified the Inventory Costing Errors during its inventory testing procedures for the preparation of the Company’s financial statements for the quarterly period ended June 30, 2022. In connection with this review, the Company identified that customer returned product was not properly valued due to incorrect costs per unit being applied, resulting in a $ 1,912,817 524,744 1,388,073 1,338,073 1,338,073 The Inventory Costing Errors did not impact the period ended March 31, 2021. For the period ended March 31, 2022, the foregoing changes did not have any impact on the Company’s cash position, cash flows, revenues, statement of operations, or liquidity and does not affect compliance with the financial covenants contained in the Company’s credit facility or compliance with any other agreement of the Company. The following table summarizes the effects of the restatement on certain key items of the Company’s previously issued consolidated financial statements for the period ended March 31, 2022: SCHEDULE OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS Period ended March 31, 2022 As Previously Reported Inventory Costing Errors Inventory Reserve Error As Restated Selected balance sheet amounts Inventories, net $ 29,957,158 $ 1,912,817 $ (524,744 ) $ 31,345,231 Total assets 48,287,906 1,912,817 (524,744 ) 49,675,979 Accumulated deficit (63,212,183 ) 1,912,817 (524,744 ) (61,824,110 ) Total stockholders’ equity 27,221,984 1,912,817 (524,744 ) 28,610,057 Year ended December 31, 2021 As Previously Reported Inventory Costing Errors Inventory Reserve Error As Restated Selected balance sheet amounts Inventories, net $ 32,503,214 $ 1,912,817 $ (524,744 ) $ 33,891,287 Total assets 52,912,959 1,912,817 (524,744 ) 54,301,032 Accumulated deficit (60,673,683 ) 1,912,817 (524,744 ) (59,285,610 ) Total stockholders’ equity 29,098,440 1,912,817 (524,744 ) 30,486,513 Basis of Presentation The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with the requirements of the U.S. Securities and Exchange Commission (“SEC”) for interim reporting. As permitted under those rules, certain footnotes or other financial information that are normally required by U.S. generally accepted accounting principles (“GAAP”) can be condensed or omitted. In the opinion of management, the financial statements include all normal and recurring adjustments that are considered necessary for the fair presentation of the Company’s financial position and operating results. All intercompany balances and transactions have been eliminated in consolidation. The information included in this Quarterly Report on Form 10-Q/A should be read in conjunction with the audited financial statements included in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2021. The results of the Company’s operations can vary during each quarter of the year. Therefore, the results and trends in these interim financial statements may not be the same as those for the full year or any future periods. Certain prior year amounts have been reclassified to conform to the current year presentation. None of the reclassifications impacted the consolidated statements of operations for the three- month period ended March 31, 2021. Liquidity The Company’s operations have historically been financed through the issuance of common stock and borrowings. Since inception, the Company has incurred significant losses and negative cash flows from operations. During the three months ended March 31, 2022, the Company incurred a net loss of $ 2.5 million and had negative cash flows from operating activities of $ 4.3 million. As of March 31, 2022, the Company had an accumulated deficit of $ 61.8 million and cash and cash equivalents of $ 10.0 million. The Company believes it has sufficient resources through its cash and cash equivalents, other working capital and borrowings under its SVB line-of-credit to continue as a going concern through at least one year from the issuance of these financial statements.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	(2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Company’s significant accounting policies are disclosed in its Annual Report on Form 10-K/A for the year ended December 31, 2021. The Company’s significant accounting policies did not change during the three months ended March 31, 2022. Recently Adopted Accounting Standards None Recently Issued Accounting Standards In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, “ Financial Instruments Credit Losses —Measurement of Credit Losses on Financial Instruments In November 2021, the FASB issued ASU No. 2021-10, “Government Assistance” “Income Taxes”, c “Revenue from Contracts with Customers”. With the exception of the new standards discussed above, there have been no other new accounting pronouncements that have significance, or potential significance, to the Company’s financial position, results of operations and cash flows.

REVENUE AND OTHER CONTRACTS WIT

REVENUE AND OTHER CONTRACTS WITH CUSTOMERS	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
REVENUE AND OTHER CONTRACTS WITH CUSTOMERS	(3) REVENUE AND OTHER CONTRACTS WITH CUSTOMERS Revenue is recognized for each distinct performance obligation as control is transferred to the customer. Revenue attributable to hardware products bundled with Software-as-a-Service (“SaaS”) offerings are recognized at the time control of the product transfers to the customer. The transaction price allocated to the SaaS offering is recognized ratably beginning when the customer is expected to activate their account and over a three-year period that the Company has estimated based on the expected replacement of the hardware. Transaction Price Allocated to the Remaining Performance Obligations The remaining performance obligations represent the transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied as of the end of the reporting period. Unsatisfied and partially unsatisfied performance obligations consist of contract liabilities, in-transit orders with destination terms, and non-cancellable backlog. Non-cancellable backlog includes goods for which customer purchase orders have been accepted, that are scheduled or in the process of being scheduled for shipment, and that are not yet invoiced. Contract costs The Company recognizes the incremental costs of obtaining a contract with a customer if the Company expects the benefit of those costs to be longer than one year. The Company has determined that certain sales commissions meet the requirements to be capitalized, and the Company amortizes these costs on a consistent basis with the pattern of transfer of the goods and services in the contract. Total capitalized costs to obtain a contract were immaterial during the periods presented and are included in other current and long-term assets on our consolidated balance sheets. The Company applies a practical expedient to expense costs as incurred for costs to obtain a contract when the amortization period is one year or less. These costs include sales commissions on SaaS contracts with a contract period of one year or less as sales commissions on contract renewals are commensurate with those paid on the initial contract. Contract Balances The Company records accounts receivable when it has an unconditional right to the consideration. Contract liabilities consist of deferred revenue, which represents payments received in advance of revenue recognition related to SaaS agreements and for prepayments for products or services yet to be delivered. Payment terms vary by customer. The time between invoicing and when payment is due is not significant. For certain products or services and customer types, payment is required before the products or services are delivered to the customer. The following table reflects the contract balances as of the periods ended: SCHEDULE OF CONTRACT BALANCES March 31, December 31, 2022 2021 Accounts receivable $ 5,202,262 $ 4,880,663 Total contract assets $ 5,202,262 $ 4,880,663 Deferred revenue, current $ 404,453 $ 291,296 Deferred revenue, noncurrent 427,571 443,452 Total contract liabilities $ 832,024 $ 734,748 During the three months ended March 31, 2022, the change in contract liabilities SCHEDULE OF CHANGE IN CONTRACT BALANCES Balance at December 31, 2021 $ 734,748 Billings 177,759 Revenue recognized (80,483 ) Balance at March 31, 2022 $ 832,024 Disaggregation of Revenue The following table sets forth our revenues by distribution channel: SCHEDULE OF DISAGGREGATION OF REVENUE BY DISTRIBUTION CHANNEL Three Months Ended March 31, 2022 2021 Retailers $ 12,341,289 $ 13,791,518 Distributors 307,207 913,150 Other 650,759 312,906 $ 13,299,255 $ 15,017,574 The following table sets forth our revenues by product: Three Months Ended March 31, 2022 2021 Cable modems & gateways $ 12,883,047 $ 14,587,090 Other networking products 272,566 305,812 SaaS 143,642 124,672 $ 13,299,255 $ 15,017,574

BALANCE SHEET COMPONENTS

BALANCE SHEET COMPONENTS	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BALANCE SHEET COMPONENTS	(4) BALANCE SHEET COMPONENTS Inventories Inventories, net consists of the following: SCHEDULE OF INVENTORIES March 31, 2022 December 31, 2021 Raw materials $ 1,601,870 $ 1,047,156 Finished goods 29,743,361 32,844,131 Total $ 31,345,231 $ 33,891,287 Finished goods includes consigned inventory held by our customers of $ 4.8 million and $ 4.5 million at March 31, 2022 and December 31, 2021, respectively and includes in-transit inventory of $ 2.2 million and $ 6.3 million at March 31, 2022 and December 31, 2021, respectively. The Company reviews inventory for obsolete and slow-moving products each quarter and makes provisions based on its estimate of the probability that the material will not be consumed or that it will be sold below cost. The inventory reserves were $ 835 thousand and $ 800 thousand as of March 31, 2022 and December 31, 2021, respectively. Accrued expenses Accrued expenses consist of the following: SCHEDULE OF ACCRUED EXPENSES March 31, 2022 December 31, 2021 Inventory purchases $ 164,545 $ 287,571 Payroll & related benefits 300,595 210,495 Professional fees 319,758 229,597 Royalty costs 1,649,999 1,588,025 Sales allowances 1,397,104 1,958,050 Sales and use tax 55,819 50,916 Other 861,844 955,263 Total accrued other expenses $ 4,749,664 $ 5,279,917

BANK CREDIT LINES AND GOVERNMEN

BANK CREDIT LINES AND GOVERNMENT LOANS	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
BANK CREDIT LINES AND GOVERNMENT LOANS	(5) BANK CREDIT LINES AND GOVERNMENT LOANS Bank Credit Line On December 18, 2012, the Company entered into a Financing Agreement with Rosenthal & Rosenthal, Inc. (the “Financing Agreement”). The Financing Agreement, as amended, provided for up to $ 5.0 million of revolving credit, subject to a borrowing base formula and other terms and conditions as specified therein. On March 12, 2021, the Company terminated its Financing Agreement with Rosenthal & Rosenthal and entered into a loan and security agreement with Silicon Valley Bank (the “SVB Loan Agreement”). On November 1, 2021, the Company entered into the First Amendment to the SVB Loan Agreement. The SVB Loan Agreement, as amended, provides for a revolving facility up to a principal amount of $ 25.0 million, which is subject to a borrowing base formula. The SVB Loan Agreement matures, and all outstanding amounts become due and payable on November 1, 2023. The SVB Loan Agreement is secured by substantially all the Company’s assets but excludes the Company’s intellectual property. All other substantial terms, including the commercial credit card line of $ 1.0 million, of the SVB Loan Agreement remain unchanged. The Company incurred $ 143 thousand of origination costs in connection with the SVB Loan Agreement. These origination costs were recorded as debt discount and are being expensed over the remaining term of the SVB Loan Agreement. Amortization of debt issuance costs was $ 18 thousand and $ 2 thousand in the three months ended March 31, 2022 and 2021, respectively. As of March 31, 2022, the Company had $ 7.1 million outstanding, which is net of origination costs of $ 84 thousand, on its SVB Loan, with availability of $ 1.1 million. The interest rate was 4.5 % as of March 31, 2022. Government Loans On April 15, 2020, the Company entered into a note payable with Primary Bank, a bank under the Small Business Administration (“SBA”), Paycheck Protection Program (“PPP”), in the amount of $ 583 thousand, which matures on April 15, 2022. Under the terms of the PPP note, the Company was able to apply for and receive forgiveness of $ 513 thousand of the original principal balance in 2020. In February 2021, the Company received an additional forgiveness of $ 20 thousand related to the Economic Injury Disaster Loan Advance received with the PPP note.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	(6) COMMITMENTS AND CONTINGENCIES (a) Lease Obligations The Company has entered into agreements to lease its warehouses and distribution centers and certain office space 12 months or less . The components of lease costs were as follows: SCHEDULE OF COMPONENTS OF LEASE COSTS 2022 2021 Three Months ended March 31, 2022 2021 Operating lease costs $ 48,231 $ 20,774 Short-term lease costs — 29,764 Total lease costs $ 48,231 $ 50,538 The weighted-average remaining lease term and discount rate were as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE Three Months ended March 31, 2022 2021 Operating leases: Weighted average remaining lease term (years) 1.5 1.1 Weighted average discount rate 5.6 % 9.0 % Supplemental cash flow information and non-cash activity related to our operating leases are as follows: SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO OPERATING LEASES 2022 2021 Three Months ended March 31, 2022 2021 Operating cash flow information: Amounts included in measurement of lease liabilities $ 48,632 $ 20,372 Non-cash activities: ROU asset obtained in exchange for lease liability $ — $ — The maturity of the Company’s operating lease liabilities as of March 31, 2022 were as follows: SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITIES Years ended December 31, 2022 (remainder) $ 101,487 2023 100,673 Total lease payments $ 202,160 Less: imputed interest (6,071 ) Present value of operating lease liabilities $ 196,089 Operating lease liabilities, current $ 123,891 Operating lease liabilities, noncurrent $ 72,198 The lease extension for the Canton, MA office that was executed in December 2021 is not included in the operating lease liabilities because the commencement date begins on June 1, 2022. The operating lease payments are $ 32 thousand, $ 55 thousand, and $ 23 thousand for the years ending December 31, 2022, 2023, and 2024, respectively. These payments are off-balance sheet obligations until the commencement date of June 1, 2022. (b) Commitments The Company is party to a license agreement with Motorola Mobility LLC pursuant to which the Company has an exclusive license to use certain trademarks owned by Motorola Trademark Holdings, LLC for the manufacture, sale and marketing of consumer cable modem products, consumer routers, WiFi range extenders, MoCa adapters, cellular sensors, home powerline network adapters, and access points worldwide through a wide range of authorized sales channels. The license agreement has a term ending December 31, 2025. In connection with the License Agreement, the Company has committed to reserve a certain percentage of wholesale prices for use in advertising, merchandising and promotion of the related products. Additionally, the Company is required to make quarterly royalty payments equal to a certain percentage of the preceding quarter’s net sales with minimum annual royalty payments as follows: SCHEDULE OF MINIMUM ANNUAL ROYALTY PAYMENTS Years ending December 31, 2022 (remaining) $ 4,950,000 2023 6,850,000 2024 7,100,000 2025 7,100,000 Total $ 26,000,000 Royalty expense under the License Agreement was $ 1.6 million for the three months ended March 31, 2022 and 2021 and is included in selling and marketing expenses on the accompanying consolidated statements of operations. (c) Contingencies The Company is party to various lawsuits and administrative proceedings arising in the ordinary course of business. The Company evaluates such lawsuits and proceedings on a case-by-case basis, and its policy is to vigorously contest any such claims which it believes are without merit. The Company reviews the status of its legal proceedings and records a provision for a liability when it is considered probable that both a liability has been incurred and the amount of the loss can be reasonably estimated. This review is updated periodically as additional information becomes available. If both of the criteria are not met, the Company reassesses whether there is at least a reasonable possibility that a loss, or additional losses, may be incurred. If there is a reasonable possibility that a loss may be incurred, the Company discloses the estimate of the amount of the loss or range of losses, that the amount is not material, or that an estimate of the loss cannot be made. At March 31, 2022, the Company is not currently a party to any legal proceedings that, if determined adversely to the Company, in management’s opinion, are currently expected to individually or in the aggregate have a material adverse effect on the Company’s business, operating results or financial condition taken as a whole. The Company expenses its legal fees as incurred. In the ordinary course of its business, the Company is subject to lawsuits, arbitrations, claims, and other legal proceedings in connection with their business. Some of the legal actions include claims for substantial or unspecified compensatory and/or punitive damages. A substantial adverse judgment or other unfavorable resolution of these matters could have a material adverse effect on the Company’s financial condition, results of operations, and cash flows. Management believes that the Company has adequate legal defenses with respect to the legal proceedings to which it is a defendant or respondent and that the outcome of these pending proceedings is not likely to have a material adverse effect on the financial condition, results of operations, or cash flows of the Company. However, the Company is unable to predict the outcome of these matters.

SIGNIFICANT CUSTOMER AND DEPEND

SIGNIFICANT CUSTOMER AND DEPENDENCY ON KEY SUPPLIERS	3 Months Ended
	Mar. 31, 2022
Risks and Uncertainties [Abstract]
SIGNIFICANT CUSTOMER AND DEPENDENCY ON KEY SUPPLIERS	(7) SIGNIFICANT CUSTOMER AND DEPENDENCY ON KEY SUPPLIERS Relatively few companies account for a substantial portion of the Company’s revenues. In the three months ended March 31, 2022, two companies accounted for 10% or greater individually and 90 % in the aggregate of the Company’s total net sales. At March 31, 2022, two companies with an accounts receivable balance of 10% or greater individually accounted for a combined 88 % of the Company’s accounts receivable. In the three months ended March 31, 2021, two companies accounted for 10% or greater individually and 88 % in the aggregate of the Company’s total net sales. At March 31, 2021, three companies with an accounts receivable balance of 10% or greater individually accounted for a combined 87 % of the Company’s accounts receivable. The Company’s customers generally do not enter into long-term agreements obligating them to purchase products. The Company may not continue to receive significant revenues from any of these or from other large customers. A reduction or delay in orders from any of the Company’s significant customers, or a delay or default in payment by any significant customer could materially harm the Company’s business and prospects. Because of the Company’s significant customer concentration, its net sales and operating income could fluctuate significantly due to changes in political or economic conditions, or the loss, reduction of business, or less favorable terms for any of the Company’s significant customers. The Company participates in the PC peripherals industry, which is characterized by aggressive pricing practices, continually changing customer demand patterns and rapid technological developments. The Company’s operating results could be adversely affected should the Company be unable to successfully anticipate customer demand accurately; manage its product transitions, inventory levels and manufacturing process efficiently; distribute its products quickly in response to customer demand; differentiate its products from those of its competitors or compete successfully in the markets for its new products. The Company depends on many third-party suppliers for key components contained in its product offerings. For some of these components, the Company may only use a single source supplier, in part due to the lack of alternative sources of supply. During the three months ended March 31, 2022 and 2021, the Company had two suppliers and one supplier, respectively, that provided 99 % of the Company’s purchased inventory.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	(8) INCOME TAXES During the three months ended March 31, 2022, we recorded no income tax benefits for the net operating losses incurred or for the research and development tax credits generated due to the uncertainty of realizing a benefit from those items. We have evaluated the positive and negative evidence bearing upon the Company’s ability to realize its deferred tax assets, which primarily consist of net operating loss carryforwards and research and development tax credits. We considered the history of cumulative net losses, estimated future taxable income and prudent and feasible tax planning strategies and we have concluded that it is more likely than not that we will not realize the benefits of our deferred tax assets. As a result, as of March 31, 2022 and December 31, 2021, we recorded a full valuation allowance against our net deferred tax assets. As of March 31, 2022 and December 31, 2021, the Company had federal net operating loss carry forwards of approximately $ 54.8 million and $ 62.7 million, respectively, which are available to offset future taxable income. They are due to expire in varying amounts from 2022 to 2040 . Federal net operating losses occurring after December 31, 2017, of approximated $ 16.3 million may be carried forward indefinitely. As of March 31, 2022 and December 31, 2021, the Company had state net operating loss carry forwards of approximately $ 21.6 million and $ 19.9 million, respectively, which are available to offset future taxable income. They are due to expire in varying amounts from 2033 through 2040 . We recorded minimum state income taxes and taxes related to our operations in Mexico. For the three months ended March 31, 2022 and 2021, income tax expense was $ 6 thousand and $ 2 thousand, respectively.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	(9) RELATED PARTY TRANSACTIONS The Company leases office space located at the 848 Elm Street, Manchester, NH. The landlord is an affiliate entity owned by Mr. Hitchcock. The two-year facility lease agreement was effective from August 1, 2019, to July 31, 2021 and has been extended to July 31, 2022. The facility lease agreement provides for 2,656 square feet at an aggregate annual rental price of $ 30 thousand. Rent expense was $ 8 thousand for the three months ended March 31, 2022 and 2021.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	(10) EARNINGS (LOSS) PER SHARE Net loss per share for the three months ended March 31, 2022 and 2021, respectively, are as follows: SCHEDULE OF NET INCOME (LOSS) PER SHARE 2022 2021 Three Months ended March 31, 2022 2021 Numerator: Net loss $ (2,538,500 ) $ (545,520 ) Denominator: Weighted average common shares – basic 46,003,232 35,254,243 Effect of dilutive common share equivalents — — Weighted average common shares – dilutive 46,003,232 35,254,243 Basic and diluted net loss per share $ (0.06 ) $ (0.02 ) Diluted loss per common share for the three months ended March 31, 2022 and 2021 excludes the effects of 249,524 and 1,679,375 common share equivalents, respectively, since such inclusion would be anti-dilutive. The common share equivalents consist of shares of common stock issuable upon exercise of outstanding stock options.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	(11) SUBSEQUENT EVENTS On April 25, 2022, Minim, Inc. (Minim or “the “Company”), received a letter (the “Notification Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the minimum closing bid price per share for its ordinary shares was below $ 1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). The Notification Letter has no immediate effect on the listing or trading of the Company’s ordinary shares on the Nasdaq Capital Market. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until October 24, 2022 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company’s ordinary shares is at least $ 1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance by October 24, 2022, the Company may be eligible for an additional 180 calendar day period to regain compliance. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary. If the Company chooses to implement a reverse stock split, it must complete the split no later than ten business days prior to October 24, 2022, or the expiration of the second compliance period if granted. On April 28, 2022, the Company filed a Form 8-K announcing the receipt of the Notification Letter. On July 18, 2022, the Company amended its Manchester facility lease to a month-to-month lease arrangement and may be terminated by either party with a 60-day notice. The Company has evaluated subsequent events from March 31, 2022 through the date of this filing and has determined that there are no such events, other than those noted above, requiring recognition or disclosure in the financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards None
Recently Issued Accounting Standards	Recently Issued Accounting Standards In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, “ Financial Instruments Credit Losses —Measurement of Credit Losses on Financial Instruments In November 2021, the FASB issued ASU No. 2021-10, “Government Assistance” “Income Taxes”, c “Revenue from Contracts with Customers”. With the exception of the new standards discussed above, there have been no other new accounting pronouncements that have significance, or potential significance, to the Company’s financial position, results of operations and cash flows.

NATURE OF OPERATIONS AND BASI_2

NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Tables)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
SCHEDULE OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS	The following table summarizes the effects of the restatement on certain key items of the Company’s previously issued consolidated financial statements for the period ended March 31, 2022: SCHEDULE OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS Period ended March 31, 2022 As Previously Reported Inventory Costing Errors Inventory Reserve Error As Restated Selected balance sheet amounts Inventories, net $ 29,957,158 $ 1,912,817 $ (524,744 ) $ 31,345,231 Total assets 48,287,906 1,912,817 (524,744 ) 49,675,979 Accumulated deficit (63,212,183 ) 1,912,817 (524,744 ) (61,824,110 ) Total stockholders’ equity 27,221,984 1,912,817 (524,744 ) 28,610,057 Year ended December 31, 2021 As Previously Reported Inventory Costing Errors Inventory Reserve Error As Restated Selected balance sheet amounts Inventories, net $ 32,503,214 $ 1,912,817 $ (524,744 ) $ 33,891,287 Total assets 52,912,959 1,912,817 (524,744 ) 54,301,032 Accumulated deficit (60,673,683 ) 1,912,817 (524,744 ) (59,285,610 ) Total stockholders’ equity 29,098,440 1,912,817 (524,744 ) 30,486,513

REVENUE AND OTHER CONTRACTS W_2

REVENUE AND OTHER CONTRACTS WITH CUSTOMERS (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
SCHEDULE OF CONTRACT BALANCES	The following table reflects the contract balances as of the periods ended: SCHEDULE OF CONTRACT BALANCES March 31, December 31, 2022 2021 Accounts receivable $ 5,202,262 $ 4,880,663 Total contract assets $ 5,202,262 $ 4,880,663 Deferred revenue, current $ 404,453 $ 291,296 Deferred revenue, noncurrent 427,571 443,452 Total contract liabilities $ 832,024 $ 734,748
SCHEDULE OF CHANGE IN CONTRACT BALANCES	During the three months ended March 31, 2022, the change in contract liabilities SCHEDULE OF CHANGE IN CONTRACT BALANCES Balance at December 31, 2021 $ 734,748 Billings 177,759 Revenue recognized (80,483 ) Balance at March 31, 2022 $ 832,024
SCHEDULE OF DISAGGREGATION OF REVENUE BY DISTRIBUTION CHANNEL	The following table sets forth our revenues by distribution channel: SCHEDULE OF DISAGGREGATION OF REVENUE BY DISTRIBUTION CHANNEL Three Months Ended March 31, 2022 2021 Retailers $ 12,341,289 $ 13,791,518 Distributors 307,207 913,150 Other 650,759 312,906 $ 13,299,255 $ 15,017,574 The following table sets forth our revenues by product: Three Months Ended March 31, 2022 2021 Cable modems & gateways $ 12,883,047 $ 14,587,090 Other networking products 272,566 305,812 SaaS 143,642 124,672 $ 13,299,255 $ 15,017,574

BALANCE SHEET COMPONENTS (Table

BALANCE SHEET COMPONENTS (Tables)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SCHEDULE OF INVENTORIES	Inventories, net consists of the following: SCHEDULE OF INVENTORIES March 31, 2022 December 31, 2021 Raw materials $ 1,601,870 $ 1,047,156 Finished goods 29,743,361 32,844,131 Total $ 31,345,231 $ 33,891,287
SCHEDULE OF ACCRUED EXPENSES	Accrued expenses consist of the following: SCHEDULE OF ACCRUED EXPENSES March 31, 2022 December 31, 2021 Inventory purchases $ 164,545 $ 287,571 Payroll & related benefits 300,595 210,495 Professional fees 319,758 229,597 Royalty costs 1,649,999 1,588,025 Sales allowances 1,397,104 1,958,050 Sales and use tax 55,819 50,916 Other 861,844 955,263 Total accrued other expenses $ 4,749,664 $ 5,279,917

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
SCHEDULE OF COMPONENTS OF LEASE COSTS	The components of lease costs were as follows: SCHEDULE OF COMPONENTS OF LEASE COSTS 2022 2021 Three Months ended March 31, 2022 2021 Operating lease costs $ 48,231 $ 20,774 Short-term lease costs — 29,764 Total lease costs $ 48,231 $ 50,538
SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE	The weighted-average remaining lease term and discount rate were as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE Three Months ended March 31, 2022 2021 Operating leases: Weighted average remaining lease term (years) 1.5 1.1 Weighted average discount rate 5.6 % 9.0 %
SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO OPERATING LEASES	Supplemental cash flow information and non-cash activity related to our operating leases are as follows: SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO OPERATING LEASES 2022 2021 Three Months ended March 31, 2022 2021 Operating cash flow information: Amounts included in measurement of lease liabilities $ 48,632 $ 20,372 Non-cash activities: ROU asset obtained in exchange for lease liability $ — $ —
SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITIES	The maturity of the Company’s operating lease liabilities as of March 31, 2022 were as follows: SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITIES Years ended December 31, 2022 (remainder) $ 101,487 2023 100,673 Total lease payments $ 202,160 Less: imputed interest (6,071 ) Present value of operating lease liabilities $ 196,089 Operating lease liabilities, current $ 123,891 Operating lease liabilities, noncurrent $ 72,198
SCHEDULE OF MINIMUM ANNUAL ROYALTY PAYMENTS	In connection with the License Agreement, the Company has committed to reserve a certain percentage of wholesale prices for use in advertising, merchandising and promotion of the related products. Additionally, the Company is required to make quarterly royalty payments equal to a certain percentage of the preceding quarter’s net sales with minimum annual royalty payments as follows: SCHEDULE OF MINIMUM ANNUAL ROYALTY PAYMENTS Years ending December 31, 2022 (remaining) $ 4,950,000 2023 6,850,000 2024 7,100,000 2025 7,100,000 Total $ 26,000,000

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
SCHEDULE OF NET INCOME (LOSS) PER SHARE	Net loss per share for the three months ended March 31, 2022 and 2021, respectively, are as follows: SCHEDULE OF NET INCOME (LOSS) PER SHARE 2022 2021 Three Months ended March 31, 2022 2021 Numerator: Net loss $ (2,538,500 ) $ (545,520 ) Denominator: Weighted average common shares – basic 46,003,232 35,254,243 Effect of dilutive common share equivalents — — Weighted average common shares – dilutive 46,003,232 35,254,243 Basic and diluted net loss per share $ (0.06 ) $ (0.02 )

SCHEDULE OF PREVIOUSLY ISSUED F

SCHEDULE OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Inventories, net	$ 31,345,231	$ 33,891,287
Total assets	49,675,979	54,301,032
Accumulated deficit	(61,824,110)	(59,285,610)
Total stockholders’ equity	28,610,057	30,486,513	$ 8,028,815	$ 7,790,470
Previously Reported [Member]
Inventories, net	29,957,158	32,503,214
Total assets	48,287,906	52,912,959
Accumulated deficit	(63,212,183)	(60,673,683)
Total stockholders’ equity	27,221,984	29,098,440
Revision of Prior Period, Adjustment [Member] | Inventory Costing Errors [Member]
Inventories, net	1,912,817	1,912,817
Total assets	1,912,817	1,912,817
Accumulated deficit	1,912,817	1,912,817
Total stockholders’ equity	1,912,817	1,912,817
Revision of Prior Period, Adjustment [Member] | Inventory Reserve Error [Member]
Inventories, net	(524,744)	(524,744)
Total assets	(524,744)	(524,744)
Accumulated deficit	(524,744)	(524,744)
Total stockholders’ equity	$ (524,744)	$ (524,744)

NATURE OF OPERATIONS AND BASI_3

NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Inventories, net	$ 31,345,231		$ 33,891,287
Inventory reserves	(31,345,231)		(33,891,287)
Increase in inventory	(2,505,790)	$ 1,479,232
Net loss	2,538,500	545,520
Negative cash flows from operating activities	4,312,056	4,969,747
Accumulated deficit	61,824,110		59,285,610
Cash and cash equivalents	10,048,871	$ 397,713	12,570,445
Inventory Costing Errors [Member]
Inventories, net			1,912,817
Inventory reserves			(1,912,817)
Increase in inventory			1,388,073
Reduces net loss			1,388,073
Aggregate net impact on inventory			1,338,073
Increase in inventory	1,338,073
Reducing accumulated deficit	1,338,073
Revision of Prior Period, Adjustment [Member] | Inventory Reserve Error [Member]
Inventories, net	(524,744)		(524,744)
Inventory reserves	524,744		524,744
Accumulated deficit	$ 524,744		$ 524,744

SCHEDULE OF CONTRACT BALANCES (

SCHEDULE OF CONTRACT BALANCES (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Accounts receivable	$ 5,202,262	$ 4,880,663
Total contract assets	5,202,262	4,880,663
Deferred revenue, current	404,453	291,296
Deferred revenue, noncurrent	427,571	443,452
Total contract liabilities	$ 832,024	$ 734,748

SCHEDULE OF CHANGE IN CONTRACT

SCHEDULE OF CHANGE IN CONTRACT BALANCES (Details)	3 Months Ended
	Mar. 31, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Beginning balance	$ 734,748
Billings	177,759
Revenue recognized	(80,483)
Ending balance	$ 832,024

SCHEDULE OF DISAGGREGATION OF R

SCHEDULE OF DISAGGREGATION OF REVENUE BY DISTRIBUTION CHANNEL (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 13,299,255	$ 15,017,574
Cable Modems And Gateways [Member]
Disaggregation of Revenue [Line Items]
Revenues	12,883,047	14,587,090
Other Networking Product [Member]
Disaggregation of Revenue [Line Items]
Revenues	272,566	305,812
Software As A Service [Member]
Disaggregation of Revenue [Line Items]
Revenues	143,642	124,672
Retailers [Member]
Disaggregation of Revenue [Line Items]
Revenues	12,341,289	13,791,518
Distributors [Member]
Disaggregation of Revenue [Line Items]
Revenues	307,207	913,150
Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 650,759	$ 312,906

SCHEDULE OF INVENTORIES (Detail

SCHEDULE OF INVENTORIES (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials	$ 1,601,870	$ 1,047,156
Finished goods	29,743,361	32,844,131
Total	$ 31,345,231	$ 33,891,287

SCHEDULE OF ACCRUED EXPENSES (D

SCHEDULE OF ACCRUED EXPENSES (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Inventory purchases	$ 164,545	$ 287,571
Payroll & related benefits	300,595	210,495
Professional fees	319,758	229,597
Royalty costs	1,649,999	1,588,025
Sales allowances	1,397,104	1,958,050
Sales and use tax	55,819	50,916
Other	861,844	955,263
Total accrued other expenses	$ 4,749,664	$ 5,279,917

BALANCE SHEET COMPONENTS (Detai

BALANCE SHEET COMPONENTS (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Inventory	$ 4,800	$ 4,500
Other inventory in transit	2,200	6,300
Provision for inventory reserves.	$ 835	$ 800

BANK CREDIT LINES AND GOVERNM_2

BANK CREDIT LINES AND GOVERNMENT LOANS (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended
	Apr. 15, 2020	Feb. 28, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Mar. 12, 2021	Dec. 18, 2012
Line of Credit Facility [Line Items]
Amortization of debt issuance costs			$ 17,605	$ 2,418
Lines of credit, current			7,071,901		$ 5,065,074
Paycheck Protection Program [Member]
Line of Credit Facility [Line Items]
Principal amount	$ 583,000
Debt forgiveness	$ 513,000	$ 20,000
Revolving Credit Facility [Member] | SVB Loan Agreement [Member]
Line of Credit Facility [Line Items]
Revolving facility principal amount						$ 25,000,000
Debt instrument unamortized discount						143,000
Amortization of debt issuance costs			18,000	$ 2,000
Lines of credit, current			7,100,000
Net of origination costs			84,000
Line of credit facility, remaining borrowing capacity			$ 1,100,000
Interest rate			4.50%
Revolving Credit Facility [Member] | SVB Loan Agreement [Member] | Commercial Credit Card [Member]
Line of Credit Facility [Line Items]
Commercial credit card line amount						$ 1,000,000
Revolving Credit Facility [Member] | Rosenthal and Rosenthal Inc [Member] | Financing Agreement [Member]
Line of Credit Facility [Line Items]
Revolving facility principal amount							$ 5,000,000

SCHEDULE OF COMPONENTS OF LEASE

SCHEDULE OF COMPONENTS OF LEASE COSTS (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Operating lease costs	$ 48,231	$ 20,774
Short-term lease costs		29,764
Total lease costs	$ 48,231	$ 50,538

SCHEDULE OF WEIGHTED AVERAGE RE

SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE (Details)	Mar. 31, 2022	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	1 year 6 months	1 year 1 month 6 days
Operating Lease, Weighted Average Discount Rate, Percent	5.60%	9%

SCHEDULE OF SUPPLEMENTAL CASH F

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO OPERATING LEASES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Amounts included in measurement of lease liabilities	$ 48,632	$ 20,372
ROU asset obtained in exchange for lease liability

SCHEDULE OF MATURITY OF OPERATI

SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITIES (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
2022 (remainder)	$ 101,487
2023	100,673
Total lease payments	202,160
Less: imputed interest	(6,071)
Present value of operating lease liabilities	196,089
Operating lease liabilities, current	123,891	$ 143,486
Operating lease liabilities, noncurrent	$ 72,198	$ 98,811

SCHEDULE OF MINIMUM ANNUAL ROYA

SCHEDULE OF MINIMUM ANNUAL ROYALTY PAYMENTS (Details)	Mar. 31, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2022 (remaining)	$ 4,950,000
2023	6,850,000
2024	7,100,000
2025	7,100,000
Total	$ 26,000,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Lessee operating lease description	12 months or less
Operating lease payments	$ 202,160
Royalty expense		$ 1,600,000
December Thirty One Twenty Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Operating lease payments	32,000
December Thirty One Twenty Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Operating lease payments	55,000
December Thirty One Twenty Four [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Operating lease payments	$ 23,000

SIGNIFICANT CUSTOMER AND DEPE_2

SIGNIFICANT CUSTOMER AND DEPENDENCY ON KEY SUPPLIERS (Details Narrative)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Two Companies [Member]
Concentration Risk [Line Items]
Concentration risk percentage	90%	88%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Two Companies [Member]
Concentration Risk [Line Items]
Concentration risk percentage	88%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Three Companies [Member]
Concentration Risk [Line Items]
Concentration risk percentage		87%
Inventories [Member] | Supplier Concentration Risk [Member] | One Supplier [Member]
Concentration Risk [Line Items]
Concentration risk percentage		99%

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Operating Loss Carryforwards [Line Items]
Income tax benefits	$ 0
Income tax expense	6,000	$ 1,500
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
State net operating loss carry forwards	54,800,000		$ 62,700,000
Due to expire			2022 to 2040
Federal net operating losses	16,300,000
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
State net operating loss carry forwards	$ 21,600,000		$ 19,900,000
Due to expire	2033 through 2040

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($) ft²	Mar. 31, 2021 USD ($)
Square feet | ft²	2,656
Rent expense		$ 8
Zoom Connectivity, Inc. [Member] | 848 Elm Street in Manchester, NH [Member]
Annual rental price	$ 30

SCHEDULE OF NET INCOME (LOSS) P

SCHEDULE OF NET INCOME (LOSS) PER SHARE (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Net loss	$ (2,538,500)	$ (545,520)
Weighted average common shares – basic	46,003,232	35,254,243
Effect of dilutive common share equivalents
Weighted average common shares – dilutive	46,003,232	35,254,243
Basic and diluted net loss per share	$ (0.06)	$ (0.02)

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Details Narrative) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Diluted loss per common share	249,524	1,679,375

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - $ / shares	Oct. 24, 2022	Apr. 25, 2022
Subsequent Event [Member] | Minimum [Member]
Subsequent Event [Line Items]
Ordinary shares, per share	$ 1	$ 1