Minim (MINM) 10-Q 14 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Nov. 11, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Period Focus	Q3
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		46,578,730

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 1,437,756	$ 12,570,445
Restricted cash	500,000	500,000
Accounts receivable, net of allowance of doubtful accounts of $335,804 and $236,819 as of September 30, 2022 and December 31, 2021, respectively	6,210,464	4,880,663
Inventories, net	30,312,862	33,891,287
Prepaid expenses and other current assets	327,509	587,885
Total current assets	38,788,591	52,430,280
Equipment, net	736,312	762,818
Operating lease right-of-use assets, net	212,483	241,626
Goodwill	58,872	58,872
Intangible assets, net	170,555	262,698
Other assets	567,629	544,738
Total assets	40,534,442	54,301,032
Current liabilities
Bank credit line	5,844,559	5,065,074
Accounts payable	6,934,424	12,458,246
Current maturities of government loan		34,237
Current maturities of operating lease liabilities	158,468	143,486
Accrued expenses	5,621,518	5,279,917
Deferred revenue, current	563,026	291,296
Total current liabilities	19,121,995	23,272,256
Operating lease liabilities, less current maturities	54,015	98,811
Deferred revenue, noncurrent	690,698	443,452
Total liabilities	19,866,708	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: 46,578,730 shares at September 30, 2022 and 45,885,043 shares at December 31, 2021, respectively	465,786	458,850
Additional paid-in capital	90,515,197	89,313,273
Accumulated deficit	(70,313,249)	(59,285,610)
Total stockholders’ equity	20,667,734	30,486,513
Total liabilities and stockholders’ equity	$ 40,534,442	$ 54,301,032

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 335,804	$ 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 value	$ 0.01	$ 0.01
Common stock, shares issued	46,578,730	45,885,043
Common stock, shares outstanding	46,578,730	45,885,043

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net sales	$ 13,832,780	$ 15,036,170	$ 39,995,803	$ 44,946,889
Cost of goods sold	10,749,970	10,542,788	30,182,996	30,871,998
Gross profit	3,082,810	4,493,382	9,812,807	14,074,891
Operating expenses:
Selling and marketing	3,802,735	3,499,636	11,286,370	9,882,832
General and administrative	1,922,315	1,371,430	4,991,959	3,775,291
Research and development	1,310,300	1,788,677	4,227,290	4,563,207
Total operating expenses	7,035,350	6,659,743	20,505,619	18,221,330
Sale of trademark, net		3,955,626		3,955,626
Operating income (loss)	(3,952,540)	1,789,265	(10,692,812)	(190,813)
Other income (expense):
Interest expense, net	(93,733)	(81,237)	(261,802)	(187,599)
Gain on forgiveness of debt (Note 5)				20,000
Total other expense	(93,733)	(81,237)	(261,802)	(167,599)
Income (loss) before income taxes	(4,046,273)	1,708,028	(10,954,614)	(358,412)
Income taxes	16,307	8,132	73,026	41,123
Net income (loss)	$ (4,062,580)	$ 1,699,896	$ (11,027,640)	$ (399,535)
Net income (loss) per share:
Basic	$ (0.09)	$ 0.04	$ (0.24)	$ (0.01)
Diluted	$ (0.09)	$ 0.04	$ (0.24)	$ (0.01)
Basic weighted average common and common equivalent shares	46,527,248	42,301,480	46,297,906	37,705,175
Diluted weighted average common and common equivalent shares	46,527,248	43,437,476	46,297,906	37,705,175

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 income (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, 2020	$ 350,749	64,526,664	(57,086,943)	7,790,470
Beginning balance, shares at Dec. 31, 2020	35,074,922
Net income (loss)				(399,535)
Ending balance, value at Sep. 30, 2021	$ 458,601	89,074,838	(57,486,478)	32,046,961
Ending balance, shares at Sep. 30, 2021	45,856,351
Beginning balance, value at Mar. 31, 2021	$ 353,628	65,307,650	(57,632,463)	8,028,815
Beginning balance, shares at Mar. 31, 2021	35,362,854
Net income (loss)			(1,553,911)	(1,553,911)
Stock option exercises	$ 2,722	339,541		342,263
Stock option exercises, shares	268,385
Stock-based compensation		211,124		211,124
Ending balance, value at Jun. 30, 2021	$ 356,350	65,858,315	(59,186,374)	7,028,291
Ending balance, shares at Jun. 30, 2021	35,631,239
Net income (loss)			1,699,896	1,699,896
Stock option exercises	$ 2,251	428,599		430,850
Stock option exercises, shares	225,112
Stock-based compensation		157,875		157,875
Public offering equity, net of issuance costs	$ 100,000	22,630,049		22,730,049
Public offering equity, net of issuance costs, shares	10,000,000
Ending balance, value at Sep. 30, 2021	$ 458,601	89,074,838	(57,486,478)	32,046,961
Ending balance, shares at Sep. 30, 2021	45,856,351
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 income (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
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 income (loss)				(11,027,640)
Ending balance, value at Sep. 30, 2022	$ 465,786	90,515,197	(70,313,249)	20,667,734
Ending balance, shares at Sep. 30, 2022	46,578,730
Beginning balance, value at Mar. 31, 2022	$ 460,657	89,973,510	(61,824,110)	28,610,057
Beginning balance, shares at Mar. 31, 2022	46,065,817
Net income (loss)			(4,426,559)	(4,426,559)
Stock option exercises	$ 2,501	135,134		137,635
Stock option exercises, shares	250,141
Stock-based compensation		272,480		272,480
Ending balance, value at Jun. 30, 2022	$ 463,158	90,381,124	(66,250,669)	24,593,613
Ending balance, shares at Jun. 30, 2022	46,315,958
Net income (loss)			(4,062,580)	(4,062,580)
Stock-based compensation		136,701		136,701
Common stock issued for vested restricted stock units	$ 2,628	(2,628)
Common stock issued for vested restricted stock units, shares	262,772
Ending balance, value at Sep. 30, 2022	$ 465,786	$ 90,515,197	$ (70,313,249)	$ 20,667,734
Ending balance, shares at Sep. 30, 2022	46,578,730

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows used in operating activities:
Net loss	$ (11,027,640)	$ (399,535)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	616,704	719,312
Amortization of right-of-use assets	133,057	99,819
Amortization of debt issuance costs	53,404	25,708
Amortization of sales contract costs	28,814	22,738
Stock-based compensation	972,056	773,717
Provision for accounts receivable allowances	98,984
Provision for inventory reserves	839,012	118,927
Non-cash loan forgiveness		(20,000)
Changes in operating assets and liabilities:
Accounts receivable	(1,428,785)	(2,375,552)
Inventories	2,739,413	(6,856,073)
Prepaid expenses and other current assets	260,376	(52,587)
Other assets	48,846	(88,814)
Accounts payable	(5,523,817)	(821,096)
Accrued expenses	341,615	(2,199,616)
Deferred revenue	518,975	1,140,067
Operating lease liabilities	(133,728)	(99,684)
Net cash used in operating activities	(11,462,714)	(10,012,669)
Cash flows from investing activities:
Purchases of equipment	(252,624)	(546,047)
Certification costs capitalized	(345,983)	(88,708)
Net cash used in investing activities	(598,607)	(634,755)
Cash flows from financing activities:
Net proceeds from the SVB bank credit line	726,081	7,092,509
Costs associated with bank credit line		(92,905)
Repayment of the Rosenthal bank credit line		(2,442,246)
Repayment of government loan	(34,252)
Net proceeds from public offering		22,730,049
Proceeds from stock option exercises	236,803	1,152,259
Net cash provided by financing activities	928,632	28,439,666
Net decrease in cash and cash equivalents	(11,132,689)	17,792,242
Cash, cash equivalents, and restricted cash – Beginning	13,070,445	1,571,757
Cash, cash equivalents, and restricted cash – Ending	1,937,756	19,363,999
Cash paid during the period for:
Interest	263,097	187,662
Income taxes	$ 73,026	$ 41,122

NATURE OF OPERATIONS AND BASIS

NATURE OF OPERATIONS AND BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 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. 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 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 amounts in the consolidated financial statements and associated notes may not add due to rounding. All percentages have been calculated using unrounded amounts. 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- and nine- month period ended September 30, 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 nine months ended September 30, 2022, the Company incurred a net loss of $ 11.0 million and had negative cash flows from operating activities of $ 11.5 million. As of September 30, 2022, the Company had an accumulated deficit of $ 70.3 million and cash and cash equivalents of $ 1.4 million. The SVB Loan Agreement matures, and all outstanding amounts become due and payable on November 1, 2023. These conditions raise substantial doubt about our ability to continue as a going concern within one year from the date of filing these financial statements. The Company’s ability to continue as a going concern is contingent upon, among other factors, the Company’s ability to generate sufficient cash flow from operations, decreasing operating costs, obtaining additional equity or debt financing. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. If cash on hand and availability on the line of credit are not sufficient, the Company will and has the ability to reduce expenses and defer inventory purchases to preserve cash on hand.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 2022. 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 With the exception of the new standard 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	9 Months Ended
	Sep. 30, 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 September 30, December 31, 2022 2021 Accounts receivable $ 6,210,464 $ 4,880,663 Total contract assets $ 6,210,464 $ 4,880,663 Deferred revenue, current $ 563,026 $ 291,296 Deferred revenue, noncurrent 690,698 443,452 Total contract liabilities $ 1,253,724 $ 734,748 During the three and nine months ended September 30, 2022, the change in contract liabilities balances was as follows: 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 Billings 365,868 Revenue recognized (95,327 ) Balance at June 30, 2022 $ 1,102,565 Billings 274,347 Revenue recognized (123,188 ) Balance at September 30, 2022 $ 1,253,724 Disaggregation of Revenue The following table sets forth our revenues by distribution channel: SCHEDULE OF DISAGGREGATION OF REVENUE BY DISTRIBUTION CHANNEL Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Retailers $ 13,463,696 $ 14,377,917 $ 38,548,176 $ 41,165,195 Distributors 180,800 645,568 550,177 3,431,652 Other 188,284 12,685 897,450 350,042 Revenues $ 13,832,780 $ 15,036,170 $ 39,995,803 $ 44,946,889 The following table sets forth our revenues by product: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Cable modems & gateways $ 13,363,315 $ 14,561,563 $ 38,460,865 $ 41,956,973 Other networking products 233,962 268,324 1,009,469 483,659 SaaS 235,503 206,283 525,469 2,506,257 Revenues $ 13,832,780 $ 15,036,170 $ 39,995,803 $ 44,946,889

BALANCE SHEET COMPONENTS

BALANCE SHEET COMPONENTS	9 Months Ended
	Sep. 30, 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 September 30, 2022 December 31, 2021 Raw materials $ 526,469 $ 1,047,156 Work in process 4,817,935 7,540 Finished goods 24,968,458 32,836,591 Total $ 30,312,862 $ 33,891,287 Finished goods includes consigned inventory held by our customers of $ 3.8 4.5 1.3 6.3 1.6 0.8 Accrued expenses Accrued expenses consist of the following: SCHEDULE OF ACCRUED EXPENSES September 30, 2022 December 31, 2021 Inventory purchases $ 153,926 $ 287,571 Payroll & related benefits 700,844 210,495 Professional fees 470,738 229,597 Royalty costs 1,650,000 1,588,025 Sales allowances 2,130,272 1,958,050 Sales and use tax 66,888 50,916 Other 448,850 955,263 Total accrued other expenses $ 5,621,518 $ 5,279,917

BANK CREDIT LINES AND GOVERNMEN

BANK CREDIT LINES AND GOVERNMENT LOANS	9 Months Ended
	Sep. 30, 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 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 1.0 The Company Incurred $ 143 18 12 53 26 As of September 30, 2022, the Company had $ 5.9 47.8 0.5 7.25 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 $ 583 513 In February 2021, the Company received an additional forgiveness of $ 20

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 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 initial term of 12 months or less The components of lease costs were as follows: SCHEDULE OF COMPONENTS OF LEASE COSTS 2022 2021 2022 2021 Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Operating lease costs $ 39,937 $ 41,507 $ 121,748 $ 100,211 Short-term lease costs 5,400 — 5,400 31,840 Total lease costs $ 45,337 $ 41,507 $ 127,148 $ 132,051 The weighted-average remaining lease term and discount rate were as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE Period Ended September 30, 2022 2021 Operating leases: Weighted average remaining lease term (years) 1.2 0.6 Weighted average discount rate 4.2 % 7.1 % 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 Nine Months ended 2022 2021 Operating cash flow information: Amounts included in measurement of lease liabilities $ 140,899 $ 88,523 Non-cash activities: ROU asset obtained in exchange for lease liability $ 103,914 $ 88,523 The maturity of the Company’s operating lease liabilities as of September 30, 2022, were as follows: SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITIES Years ended December 31, 2022 (remainder) $ 41,133 2023 155,379 2024 22,794 Total lease payments $ 219,306 Less: imputed interest (6,823 ) Present value of operating lease liabilities $ 212,483 Operating lease liabilities, current $ 158,468 Operating lease liabilities, noncurrent $ 54,015 (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”). 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) $ 1,650,000 2023 6,850,000 2024 7,100,000 2025 7,100,000 Total $ 22,700,000 Royalty expense under the License Agreement was $ 1.7 1.6 5.0 4.8 (c ) Contingencies The Company is subject 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 September 30, 2022, the Company is not currently a party to any legal proceedings. 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.

SIGNIFICANT CUSTOMER AND DEPEND

SIGNIFICANT CUSTOMER AND DEPENDENCY ON KEY SUPPLIERS	9 Months Ended
	Sep. 30, 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 September 30, 2022, two companies, including a marketplace facilitator, accounted for 10% or greater individually and 87 91 85 82 89 86 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 September 30, 2022 and 2021, the Company had two suppliers and one supplier, respectively, that provided 91 97 97 98

SALE OF TRADEMARK

SALE OF TRADEMARK	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
SALE OF TRADEMARK	(8) SALE OF TRADEMARK One August 12, 2021, the Company entered into an agreement with Zoom Video Communications, Inc. to sell, and sold, all of the Company’s right, title and interest in the ZOOM® trademark for cash consideration in the amount of $ 4.0 44 4.0

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	(9) INCOME TAXES During the three and nine months ended September 30, 2022, we recorded no 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 September 30, 2022 and December 31, 2021, we recorded a full valuation allowance against our net deferred tax assets. As of September 30, 2022 and December 31, 2021, the Company had federal net operating loss carry forwards of approximately $ 60.0 62.7 They are due to expire in varying amounts from 2022 to 2040. 21.5 26.8 19.9 They are due to expire in varying amounts from 2033 through 2040 16 73 8 41

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	(10) 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 was extended to July 31, 2022. On July 18, 2022, the lease agreement was amended to a month-to-month lease arrangement and may be terminated by either party with a 60-day notice. The facility lease agreement provides for 2,656 32 8 24

EARNINGS INCOME (LOSS) PER SHAR

EARNINGS INCOME (LOSS) PER SHARE	9 Months Ended
	Sep. 30, 2022
Net income (loss) per share:
EARNINGS INCOME (LOSS) PER SHARE	(11) EARNINGS INCOME (LOSS) PER SHARE Net income (loss) per share for the three and nine months ended September 30, 2022 and 2021, respectively, are as follows: SCHEDULE OF NET INCOME (LOSS) PER SHARE September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Three Months Ended Nine Months Ended September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Numerator: Net income (loss) $ (4,062,580 ) $ 1,699,896 $ (11,027,640 ) $ (399,535 ) Denominator: Weighted average common shares - basic 46,527,248 42,301,480 46,297,906 37,705,175 Effect of dilutive common share equivalents — 1,135,996 — — Weighted average common shares - dilutive 46,527,248 43,437,476 46,297,906 37,705,175 Basic net income (loss) per share $ (0.09 ) $ 0.04 $ (0.24 ) $ (0.01 ) Diluted net income (loss) per share $ (0.09 ) $ 0.04 $ (0.24 ) $ (0.01 ) Diluted loss per common share for the three and nine months ended September 30, 2022 and 2021 excludes the effects of 1,257,581 1,135,996

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	(12) SUBSEQUENT EVENTS The Company previously filed in Form 8-K on April 28, 2022 that the Company had 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 Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company had 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. During this period, the Company had not regained compliance by October 24, 2022. On October 25, 2022, the Company requested and received an additional 180 calendar day extension (“Extended Notification Letter”), which expires April 23, 2023. The Company has intention to cure the deficiency during the second compliance period. 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 The Notification Letter and Extended Notification Letter had no immediate effect on the listing or trading of the Company’s ordinary shares on the Nasdaq Capital Market. The Company has evaluated subsequent events from September 30, 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)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
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 With the exception of the new standard 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 W_2

REVENUE AND OTHER CONTRACTS WITH CUSTOMERS (Tables)	9 Months Ended
	Sep. 30, 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 September 30, December 31, 2022 2021 Accounts receivable $ 6,210,464 $ 4,880,663 Total contract assets $ 6,210,464 $ 4,880,663 Deferred revenue, current $ 563,026 $ 291,296 Deferred revenue, noncurrent 690,698 443,452 Total contract liabilities $ 1,253,724 $ 734,748
SCHEDULE OF CHANGE IN CONTRACT BALANCES	During the three and nine months ended September 30, 2022, the change in contract liabilities balances was as follows: 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 Billings 365,868 Revenue recognized (95,327 ) Balance at June 30, 2022 $ 1,102,565 Billings 274,347 Revenue recognized (123,188 ) Balance at September 30, 2022 $ 1,253,724
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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Retailers $ 13,463,696 $ 14,377,917 $ 38,548,176 $ 41,165,195 Distributors 180,800 645,568 550,177 3,431,652 Other 188,284 12,685 897,450 350,042 Revenues $ 13,832,780 $ 15,036,170 $ 39,995,803 $ 44,946,889 The following table sets forth our revenues by product: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Cable modems & gateways $ 13,363,315 $ 14,561,563 $ 38,460,865 $ 41,956,973 Other networking products 233,962 268,324 1,009,469 483,659 SaaS 235,503 206,283 525,469 2,506,257 Revenues $ 13,832,780 $ 15,036,170 $ 39,995,803 $ 44,946,889

BALANCE SHEET COMPONENTS (Table

BALANCE SHEET COMPONENTS (Tables)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SCHEDULE OF INVENTORIES	Inventories, net consists of the following: SCHEDULE OF INVENTORIES September 30, 2022 December 31, 2021 Raw materials $ 526,469 $ 1,047,156 Work in process 4,817,935 7,540 Finished goods 24,968,458 32,836,591 Total $ 30,312,862 $ 33,891,287
SCHEDULE OF ACCRUED EXPENSES	Accrued expenses consist of the following: SCHEDULE OF ACCRUED EXPENSES September 30, 2022 December 31, 2021 Inventory purchases $ 153,926 $ 287,571 Payroll & related benefits 700,844 210,495 Professional fees 470,738 229,597 Royalty costs 1,650,000 1,588,025 Sales allowances 2,130,272 1,958,050 Sales and use tax 66,888 50,916 Other 448,850 955,263 Total accrued other expenses $ 5,621,518 $ 5,279,917

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 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 2022 2021 Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Operating lease costs $ 39,937 $ 41,507 $ 121,748 $ 100,211 Short-term lease costs 5,400 — 5,400 31,840 Total lease costs $ 45,337 $ 41,507 $ 127,148 $ 132,051
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 Period Ended September 30, 2022 2021 Operating leases: Weighted average remaining lease term (years) 1.2 0.6 Weighted average discount rate 4.2 % 7.1 %
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 Nine Months ended 2022 2021 Operating cash flow information: Amounts included in measurement of lease liabilities $ 140,899 $ 88,523 Non-cash activities: ROU asset obtained in exchange for lease liability $ 103,914 $ 88,523
SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITIES	The maturity of the Company’s operating lease liabilities as of September 30, 2022, were as follows: SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITIES Years ended December 31, 2022 (remainder) $ 41,133 2023 155,379 2024 22,794 Total lease payments $ 219,306 Less: imputed interest (6,823 ) Present value of operating lease liabilities $ 212,483 Operating lease liabilities, current $ 158,468 Operating lease liabilities, noncurrent $ 54,015
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) $ 1,650,000 2023 6,850,000 2024 7,100,000 2025 7,100,000 Total $ 22,700,000

EARNINGS INCOME (LOSS) PER SH_2

EARNINGS INCOME (LOSS) PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2022
Net income (loss) per share:
SCHEDULE OF NET INCOME (LOSS) PER SHARE	Net income (loss) per share for the three and nine months ended September 30, 2022 and 2021, respectively, are as follows: SCHEDULE OF NET INCOME (LOSS) PER SHARE September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Three Months Ended Nine Months Ended September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Numerator: Net income (loss) $ (4,062,580 ) $ 1,699,896 $ (11,027,640 ) $ (399,535 ) Denominator: Weighted average common shares - basic 46,527,248 42,301,480 46,297,906 37,705,175 Effect of dilutive common share equivalents — 1,135,996 — — Weighted average common shares - dilutive 46,527,248 43,437,476 46,297,906 37,705,175 Basic net income (loss) per share $ (0.09 ) $ 0.04 $ (0.24 ) $ (0.01 ) Diluted net income (loss) per share $ (0.09 ) $ 0.04 $ (0.24 ) $ (0.01 )

NATURE OF OPERATIONS AND BASI_2

NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Accounting Policies [Abstract]
Net Income (Loss) Attributable to Parent	$ 4,062,580	$ 4,426,559	$ 2,538,500	$ (1,699,896)	$ 1,553,911	$ 545,520	$ 11,027,640	$ 399,535
Net Cash Provided by (Used in) Operating Activities							11,462,714	$ 10,012,669
Accumulated deficit	70,313,249						70,313,249		$ 59,285,610
Cash and Cash Equivalents, at Carrying Value	$ 1,437,756						$ 1,437,756		$ 12,570,445

SCHEDULE OF CONTRACT BALANCES (

SCHEDULE OF CONTRACT BALANCES (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Accounts receivable	$ 6,210,464	$ 4,880,663
Total contract assets	6,210,464	4,880,663
Deferred revenue, current	563,026	291,296
Deferred revenue, noncurrent	690,698	443,452
Total contract liabilities	$ 1,253,724	$ 734,748

SCHEDULE OF CHANGE IN CONTRACT

SCHEDULE OF CHANGE IN CONTRACT BALANCES (Details) - USD ($)	3 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Beginning balance	$ 1,102,565	$ 832,024	$ 734,748
Billings	274,347	365,868	177,759
Revenue recognized	(123,188)	(95,327)	(80,483)
Ending balance	$ 1,253,724	$ 1,102,565	$ 832,024

SCHEDULE OF DISAGGREGATION OF R

SCHEDULE OF DISAGGREGATION OF REVENUE BY DISTRIBUTION CHANNEL (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 13,832,780	$ 15,036,170	$ 39,995,803	$ 44,946,889
Retailers [Member]
Disaggregation of Revenue [Line Items]
Revenues	13,463,696	14,377,917	38,548,176	41,165,195
Distributors [Member]
Disaggregation of Revenue [Line Items]
Revenues	180,800	645,568	550,177	3,431,652
Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	188,284	12,685	897,450	350,042
Cable Modems & Gateways [Member]
Disaggregation of Revenue [Line Items]
Revenues	13,363,315	14,561,563	38,460,865	41,956,973
Other Networking Products [Member]
Disaggregation of Revenue [Line Items]
Revenues	233,962	268,324	1,009,469	483,659
SaaS [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 235,503	$ 206,283	$ 525,469	$ 2,506,257

SCHEDULE OF INVENTORIES (Detail

SCHEDULE OF INVENTORIES (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials	$ 526,469	$ 1,047,156
Work in process	4,817,935	7,540
Finished goods	24,968,458	32,836,591
Total	$ 30,312,862	$ 33,891,287

SCHEDULE OF ACCRUED EXPENSES (D

SCHEDULE OF ACCRUED EXPENSES (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Inventory purchases	$ 153,926	$ 287,571
Payroll & related benefits	700,844	210,495
Professional fees	470,738	229,597
Royalty costs	1,650,000	1,588,025
Sales allowances	2,130,272	1,958,050
Sales and use tax	66,888	50,916
Other	448,850	955,263
Total accrued other expenses	$ 5,621,518	$ 5,279,917

BALANCE SHEET COMPONENTS (Detai

BALANCE SHEET COMPONENTS (Details Narrative) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Finished goods held by customer	$ 3.8	$ 4.5
In-transit inventory	1.3	6.3
Inventory reserves	$ 1.6	$ 0.8

BANK CREDIT LINES AND GOVERNM_2

BANK CREDIT LINES AND GOVERNMENT LOANS (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended		9 Months Ended
	Apr. 15, 2020	Feb. 28, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Mar. 12, 2021	Dec. 18, 2012
Line of Credit Facility [Line Items]
Amortization of debt issuance costs					$ 53,404	$ 25,708
Lines of credit			$ 5,844,559		5,844,559		$ 5,065,074
Paycheck Protection Program [Member]
Line of Credit Facility [Line Items]
Notes payable	$ 583,000
Debt instrument forgiveness	$ 513,000	$ 20,000
Revolving Credit Facility [Member] | SVB Loan Agreement [Member]
Line of Credit Facility [Line Items]
Line of credit facility, principal amount								$ 25,000,000
Unamortized discount								143,000
Amortization of debt issuance costs			18,000	$ 12,000	53,000	$ 26,000
Lines of credit			5,900,000		5,900,000
Deferred finance costs			47,800		47,800
Line of credit facility remaining borrowing capacity			$ 500,000		$ 500,000
Interest rate stated percentage			7.25%		7.25%
Revolving Credit Facility [Member] | SVB Loan Agreement [Member] | Commercial Credit Card [Member]
Line of Credit Facility [Line Items]
Long term line of credit								$ 1,000,000
Revolving Credit Facility [Member] | Rosenthal and Rosenthal Inc [Member] | Financing Agreement [Member]
Line of Credit Facility [Line Items]
Line of credit facility, principal amount									$ 5,000,000

SCHEDULE OF COMPONENTS OF LEASE

SCHEDULE OF COMPONENTS OF LEASE COSTS (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Operating lease costs	$ 39,937	$ 41,507	$ 121,748	$ 100,211
Short-term lease costs	5,400		5,400	31,840
Total lease costs	$ 45,337	$ 41,507	$ 127,148	$ 132,051

SCHEDULE OF WEIGHTED AVERAGE RE

SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE (Details)	Sep. 30, 2022	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Weighted average remaining lease term	1 year 2 months 12 days	7 months 6 days
Weighted average discount rate	4.20%	7.10%

SCHEDULE OF SUPPLEMENTAL CASH F

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO OPERATING LEASES (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Amounts included in measurement of lease liabilities	$ 140,899	$ 88,523
ROU asset obtained in exchange for lease liability	$ 103,914	$ 88,523

SCHEDULE OF MATURITY OF OPERATI

SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITIES (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
2022 (remainder)	$ 41,133
2023	155,379
2024	22,794
Total lease payments	219,306
Less: imputed interest	(6,823)
Present value of operating lease liabilities	212,483
Operating lease liabilities, current	158,468	$ 143,486
Operating lease liabilities, noncurrent	$ 54,015	$ 98,811

SCHEDULE OF MINIMUM ANNUAL ROYA

SCHEDULE OF MINIMUM ANNUAL ROYALTY PAYMENTS (Details)	Sep. 30, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2022 (remaining)	$ 1,650,000
2023	6,850,000
2024	7,100,000
2025	7,100,000
Total	$ 22,700,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Lease term			initial term of 12 months or less
Royalty expense	$ 1.7	$ 1.6	$ 5	$ 4.8

SIGNIFICANT CUSTOMER AND DEPE_2

SIGNIFICANT CUSTOMER AND DEPENDENCY ON KEY SUPPLIERS (Details Narrative)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Two Companies [Member]
Concentration Risk [Line Items]
Concentration risk percentage	87%	85%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Two and Three Companies [Member]
Concentration Risk [Line Items]
Concentration risk percentage			89%	86%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Three Companies [Member]
Concentration Risk [Line Items]
Concentration risk percentage			91%	82%
Inventories [Member] | Supplier Concentration Risk [Member] | Two Suppliers [Member]
Concentration Risk [Line Items]
Concentration risk percentage	91%		97%
Inventories [Member] | Supplier Concentration Risk [Member] | One Supplier [Member]
Concentration Risk [Line Items]
Concentration risk percentage		97%		98%

SALE OF TRADEMARK (Details Narr

SALE OF TRADEMARK (Details Narrative) - USD ($)		3 Months Ended		9 Months Ended
	Aug. 12, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Sale of Trademark, net			$ 3,955,626		$ 3,955,626
Zoom Video Communications [Member]
Defined Benefit Plan Disclosure [Line Items]
Cash consideration	$ 4,000,000
Legal costs incurred, net	$ 44,000,000
Sale of Trademark, net			$ 4,000,000		$ 4,000,000

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Operating Loss Carryforwards [Line Items]
Research and development tax credits	$ 0		$ 0
Income tax expense	16,307	$ 8,132	73,026	$ 41,123
MEXICO
Operating Loss Carryforwards [Line Items]
Income tax expense	16,000	$ 8,000	73,000	$ 41,000
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards	60,000,000		$ 60,000,000		$ 62,700,000
Expiration term			They are due to expire in varying amounts from 2022 to 2040.
Net operating loss carry forwards expiration	21,500,000		$ 21,500,000
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards	$ 26,800,000		$ 26,800,000		$ 19,900,000
Expiration term			They are due to expire in varying amounts from 2033 through 2040

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) ft²	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) ft²	Sep. 30, 2021 USD ($)
Related Party Transactions [Abstract]
Area of land | ft²	2,656		2,656
Annual rental price			$ 32
Rent expense	$ 8	$ 8	$ 24	$ 24

SCHEDULE OF NET INCOME (LOSS) P

SCHEDULE OF NET INCOME (LOSS) PER SHARE (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Net income (loss) per share:
Net income (loss)	$ (4,062,580)	$ (4,426,559)	$ (2,538,500)	$ 1,699,896	$ (1,553,911)	$ (545,520)	$ (11,027,640)	$ (399,535)
Weighted average common shares - basic	46,527,248			42,301,480			46,297,906	37,705,175
Effect of dilutive common share equivalents				1,135,996
Weighted average common shares - dilutive	46,527,248			43,437,476			46,297,906	37,705,175
Basic net income (loss) per share	$ (0.09)			$ 0.04			$ (0.24)	$ (0.01)
Diluted net income (loss) per share	$ (0.09)			$ 0.04			$ (0.24)	$ (0.01)

EARNINGS INCOME (LOSS) PER SH_3

EARNINGS INCOME (LOSS) PER SHARE (Details Narrative) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net income (loss) per share:
Anti-dilutive securities	1,257,581	1,257,581	1,135,996	1,135,996

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - $ / shares	Oct. 24, 2022	Sep. 30, 2022	Apr. 28, 2022	Dec. 31, 2021
Subsequent Event [Line Items]
Common stock, shares		$ 0.01		$ 0.01
Subsequent Event [Member]
Subsequent Event [Line Items]
Common stock, shares	$ 1
Nasdaq Stock Market LLC [Member]
Subsequent Event [Line Items]
Common stock, shares			$ 1