Kidpik (PIKM) 10-Q 19 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 29, 2024	Aug. 14, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 29, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-28
Entity File Number	001-41032
Entity Registrant Name	Kidpik Corp.
Entity Central Index Key	0001861522
Entity Tax Identification Number	81-3640708
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	200 Park Avenue South
Entity Address, Address Line Two	3rd Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10003
City Area Code	(212)
Local Phone Number	399-2323
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	PIK
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	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,951,638

Condensed Interim Balance Sheet

Condensed Interim Balance Sheets - USD ($)	Jun. 29, 2024	Dec. 30, 2023
Current assets
Cash	$ 34,030	$ 194,515
Restricted cash	4,618	4,618
Accounts receivable	90,158	211,739
Inventory	3,799,522	4,854,641
Prepaid expenses and other current assets	712,512	761,969
Total current assets	4,640,840	6,027,482
Leasehold improvements and equipment, net	72,495	97,136
Operating lease right-of-use assets	1,572,529	992,396
Total assets	6,285,864	7,117,014
Current liabilities
Accrued expenses and other current liabilities	296,032	438,034
Operating lease liabilities, current	406,656	281,225
Short-term debt	784,217
Related party loans	1,281,154	850,000
Total current liabilities	6,611,822	5,299,936
Operating lease liabilities, net of current portion	1,253,980	780,244
Total liabilities	7,865,802	6,080,180
Commitments and contingencies
Stockholders’ (deficit) equity
Preferred stock, par value $0.001, 25,000,000 shares authorized, of which no shares are issued and outstanding as of June 29, 2024 and December 30, 2023, respectively
Common stock, par value $0.001, 75,000,000 shares authorized, of which 1,951,638 shares are issued and outstanding as of June 29, 2024, and 1,872,433 shares are issued and outstanding as of December 30, 2023	1,952	1,872
Additional paid-in capital	52,929,198	52,475,189
Accumulated deficit	(54,511,088)	(51,440,227)
Total stockholders’ (deficit) equity	(1,579,938)	1,036,834
Total liabilities and stockholders’ (deficit) equity	6,285,864	7,117,014
Nonrelated Party [Member]
Current liabilities
Accounts payable, related party	1,748,897	1,862,266
Related Party [Member]
Current liabilities
Accounts payable, related party	$ 2,094,866	$ 1,868,411

Condensed Interim Balance She_2

Condensed Interim Balance Sheets (Parenthetical) - $ / shares	Jun. 29, 2024	Dec. 30, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	1,951,638	1,872,433
Common stock, shares outstanding	1,951,638	1,872,433

Condensed Interim Statements of

Condensed Interim Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Income Statement [Abstract]
Revenues, net	$ 1,128,323	$ 3,448,919	$ 3,367,628	$ 7,478,397
Cost of goods sold	381,577	1,372,563	1,055,118	2,991,789
Gross profit	746,746	2,076,356	2,312,510	4,486,608
Operating expenses
Shipping and handling	612,048	949,734	1,393,073	2,138,956
Payroll and related costs	512,466	1,094,135	1,411,025	2,205,236
General and administrative	902,999	2,024,871	2,514,815	4,049,435
Depreciation and amortization	12,066	12,426	24,641	23,113
Total operating expenses	2,039,579	4,081,166	5,343,554	8,416,740
Operating loss	(1,292,833)	(2,004,810)	(3,031,044)	(3,930,132)
Other expenses (income)
Interest expense	8,617	24,415	39,817	49,605
Total other expenses	8,617	24,415	39,817	49,605
Net loss	$ (1,301,450)	$ (2,029,225)	$ (3,070,861)	$ (3,979,737)
Net loss per share attributable to common stockholders:
Basic	$ (0.67)	$ (1.31)	$ (1.60)	$ (2.58)
Diluted	$ (0.67)	$ (1.31)	$ (1.60)	$ (2.58)
Weighted average common shares outstanding:
Basic	1,951,638	1,546,239	1,921,216	1,541,938
Diluted	1,951,638	1,546,239	1,921,216	1,541,938

Condensed Interim Statements _2

Condensed Interim Statements of Changes in Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance, value at Dec. 31, 2022	$ 1,538		$ 50,282,661	$ (41,534,445)	$ 8,749,754
Balance, shares at Dec. 31, 2022	1,537,639
Equity-based compensation			267,476		267,476
Net loss				(1,950,512)	(1,950,512)
Balance, shares at Apr. 01, 2023	1,537,639
Balance, value at Apr. 01, 2023	$ 1,538		50,550,137	(43,484,957)	7,066,718
Balance, value at Dec. 31, 2022	$ 1,538		50,282,661	(41,534,445)	8,749,754
Balance, shares at Dec. 31, 2022	1,537,639
Net loss					(3,979,737)
Balance, shares at Jul. 01, 2023	1,553,944
Balance, value at Jul. 01, 2023	$ 1,554		50,841,074	(45,514,182)	5,328,446
Balance, value at Apr. 01, 2023	$ 1,538		50,550,137	(43,484,957)	7,066,718
Balance, shares at Apr. 01, 2023	1,537,639
Equity-based compensation			290,953		290,953
Net loss				(2,029,225)	(2,029,225)
Issuance of common stock	$ 16		(16)
Issuance of common stock, shares	16,305
Balance, shares at Jul. 01, 2023	1,553,944
Balance, value at Jul. 01, 2023	$ 1,554		50,841,074	(45,514,182)	5,328,446
Balance, value at Dec. 30, 2023	$ 1,872		52,475,189	(51,440,227)	1,036,834
Balance, shares at Dec. 30, 2023	1,872,433
Equity-based compensation			333,854		333,854
Net loss				(1,769,411)	(1,769,411)
Issuance of common stock	$ 80		(80)
Issuance of common stock, shares	79,205
Balance, shares at Mar. 30, 2024	1,951,638
Balance, value at Mar. 30, 2024	$ 1,952		52,808,963	(53,209,638)	(398,723)
Balance, value at Dec. 30, 2023	$ 1,872		52,475,189	(51,440,227)	1,036,834
Balance, shares at Dec. 30, 2023	1,872,433
Net loss					(3,070,861)
Balance, shares at Jun. 29, 2024	1,951,638
Balance, value at Jun. 29, 2024	$ 1,952		52,929,198	(54,511,088)	(1,579,938)
Balance, value at Mar. 30, 2024	$ 1,952		52,808,963	(53,209,638)	(398,723)
Balance, shares at Mar. 30, 2024	1,951,638
Equity-based compensation			120,235		120,235
Net loss				(1,301,450)	(1,301,450)
Balance, shares at Jun. 29, 2024	1,951,638
Balance, value at Jun. 29, 2024	$ 1,952		$ 52,929,198	$ (54,511,088)	$ (1,579,938)

Condensed Interim Statements _3

Condensed Interim Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Cash flows from operating activities
Net loss	$ (1,301,450)	$ (2,029,225)	$ (3,070,861)	$ (3,979,737)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization			24,641	23,113
Equity-based compensation	120,235	290,953	454,089	558,429
Allowance for credit losses			26,928	151,362
Changes in operating assets and liabilities:
Accounts receivable			94,653	28,710
Inventory			1,055,119	2,870,243
Prepaid expenses and other current assets			49,457	145,901
Operating lease right-of-use assets and liabilities			19,034	22,802
Accounts payable			(113,369)	(450,965)
Accounts payable, related parties			226,455	431,238
Accrued expenses and other current liabilities			(142,002)	(167,429)
Net cash used in operating activities			(1,375,856)	(366,333)
Cash flows from investing activities
Purchases of leasehold improvements and equipment				(76,121)
Net cash used in investing activities				(76,121)
Cash flows from financing activities
Net proceeds from advance payable			334,217
Net proceeds from convertible debt			450,000
Net proceeds from related party loan			431,154
Net cash provided by financing activities			1,215,371
Net decrease in cash and restricted cash			(160,485)	(442,454)
Cash and restricted cash, beginning of period			199,133	605,213
Cash and restricted cash, end of period	38,648	162,759	38,648	162,759
Reconciliation of cash and restricted cash:
Cash	34,030	158,141	34,030	158,141
Restricted cash	4,618	4,618	4,618	4,618
Cash and restricted cash, end of period	$ 38,648	$ 162,759	38,648	162,759
Supplemental disclosure of cash flow data:
Interest paid			17,477
Supplemental disclosure of non-cash investing and financing activities:
Record right-of-use asset and operating lease liabilities			$ 768,756

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended				6 Months Ended
	Jun. 29, 2024	Mar. 30, 2024	Jul. 01, 2023	Apr. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (1,301,450)	$ (1,769,411)	$ (2,029,225)	$ (1,950,512)	$ (3,070,861)	$ (3,979,737)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 29, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

NATURE OF BUSINESS

NATURE OF BUSINESS	6 Months Ended
	Jun. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF BUSINESS	NOTE 1: NATURE OF BUSINESS Kidpik Corp. (the “ Company kidpik we our us www.kidpik.com On March 29, 2024, Kidpik and Nina Footwear Corp. (“Nina Footwear”), a private company operating a brand specializing in women’s special occasion shoes, bridal shoes, bags and kids shoes, entered into a definitive merger agreement. Mr. Ezra Dabah, the Company’s Chief Executive Officer and Chairman and his children (including Moshe Dabah, the Company’s Vice President, Chief Operating Officer and Chief Technology Officer, and Secretary) own approximately 79.3 100

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 29, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of accounting The accompanying condensed interim financial statements are unaudited and include all adjustments (consisting of normal recurring adjustments) that management considers necessary for a fair presentation of its condensed interim financial position and results of operations for the interim periods presented. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for the entire year. Fiscal year 2024 2023 Use of estimates Emerging growth company emerging growth company, JOBS Act Exchange Act Accounting standards adopted Financial Instruments Credit Losses Accounting standards issued but not yet adopted : In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosure ASC Earnings Per Share Concentration of credit risk FDIC Net loss per common share : Net loss per common share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share reflects the impact of stock options and restricted stock units, if any, under the treasury stock method unless their impact is anti-dilutive. Revenue recognition Revenue for subscription box sales is recognized when control of the promised goods is transferred and accepted by the subscriber. Subscribers have a maximum of 10 days from the date the product is delivered to return any items in the pre-paid delivery bag. Control is transferred either when a subscriber checks out or automatically 10 days after the goods are delivered, whichever occurs first. Upon checkout or the 10-day period, the amount of the order not returned is recognized as revenue. Payment is due upon checkout or the end of the 10-day period after the goods are delivered, whichever occurs first. Revenue from online website sales, which includes sales from our and third-party websites (currently Amazon and Walmart), are recognized when control of the promised goods are transferred to the Company’s customers, in an amount that depicts the consideration the Company expects to be entitled to in exchange for those goods. Control is transferred at the time of shipment. Upon shipment, the total amount of the order is recognized as revenue. Payment for online website sales is due upon time of order. The provision for anticipated sales returns consists of both contractual return rights and discretionary authorized returns. Estimates of discretionary authorized returns for sales other than subscription sales, discounts and claims are based on (1) historical rates, (2) specific identification of outstanding returns not yet received from customers and outstanding discounts and claims, and (3) estimated returns, discounts and claims expected, but not yet finalized with customers. Actual returns, discounts and claims in any future period are inherently uncertain and thus may differ from estimates recorded. If actual or expected future returns, discounts or claims were significantly greater or lower than reserves established, a reduction or increase to net revenue would be recorded in the period in which such determination was made. Shipping and handling costs associated with outbound freight fulfillment before control over a product has transferred to a customer are accounted for as shipping and handling cost in the condensed interim statements of operations. Taxes assessed by governmental authorities that are both imposed on and concurrent with a specific revenue producing transaction and are collected by the Company from a customer are excluded from revenue and cost of goods sold in the condensed interim statements of operations. Inventory 2.9 6,530,094 2,730,572 Leasehold improvements and equipment, net Impairment of long-lived assets Income taxes The Company applies U.S. GAAP accounting for uncertainty in income taxes. If the Company considers that a tax position is more likely than not of being sustained upon audit, based solely on the technical merits of the position, it recognizes the tax benefit. The Company measures the tax benefit by determining the amount that is greater than 50% likely of being realized upon settlement, presuming the tax position is examined by the appropriate taxing authority that has full knowledge of relevant information. The Company has no unrecognized tax benefits as of June 29, 2024, and December 30, 2023. The Company’s federal, state and local income tax returns prior to fiscal year 2019 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. The Company recognizes interest and penalties associated with tax matters, if any, as part of operating expenses and includes accrued interest and penalties with accrued expenses in the condensed interim balance sheets Equity-based compensation Equity-based compensation Segment information one one

LIQUIDITY AND GOING CONCERN

LIQUIDITY AND GOING CONCERN	6 Months Ended
	Jun. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
LIQUIDITY AND GOING CONCERN	NOTE 3: LIQUIDITY AND GOING CONCERN The Company has sustained losses from operations since inception, negative operating cash flows and has an accumulated deficit of $ 54,511,088 To support the Company’s existing operations, the Company must have sufficient capital to continue to make investments and fund operations. On May 31, 2024, the Company entered into a Securities Purchase Agreement (the “ SPA Investor 2,000,000 Convertible Debentures On May 31, 2024, the first tranche of Convertible Debentures with a face amount of $ 500,000 Initial Debenture 500,000 Second Closing Second Convertible Debenture SEC Commission Definitive Proxy Statement 1,000,000 Third Closing Third Convertible Debenture Initial Registration Statement We agreed to sell all Convertible Debentures with a 10 450,000 Note 9: Short-term debt The Company’s ability to continue its operations is dependent upon obtaining new financing for its ongoing operations. To manage operating cash flows in the near term, the Company has ceased purchasing new inventory and if available, may enter into cash advance or other financing arrangements. Future financing options available to the Company include funding expected to be provided by the SPA, equity financings, debt financings or other capital sources, including collaborations with other companies or other strategic transactions to fund existing operations and execute management’s growth strategy, and borrowings from related parties, including Ezra Dabah, the Company’s Chief Executive Officer, and Nina Footwear. Equity financing may include sales of common stock. Such financing may not be available on terms favorable to the Company or at all. The terms of any financing may adversely affect the holdings or rights of the Company’s stockholders and may cause significant dilution to existing stockholders. Although management continues to pursue these plans, there is no assurance that the Company will be successful in obtaining sufficient funding on terms acceptable to the Company to fund continued operations, if at all, which would have a material adverse effect on its business, financial condition and results of operations, and it could ultimately be forced to discontinue its operations and liquidate. These matters, when considered in the aggregate, raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time, which is defined as within one year after the date that the condensed interim financial statements are issued. The accompanying condensed interim financial statements do not contain any adjustments to reflect the possible future effects on the classification of assets or the amounts and classification of liabilities that might result from the outcome of this uncertainty. The Company also believes that the Merger, assuming it is successfully closed, will strengthen the Company’s balance sheet and provide additional cash from operations to support the combined Company’s operations moving forward.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 29, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 4: FAIR VALUE MEASUREMENTS The Company measures certain financial assets and liabilities at fair value. Fair value is determined based on the exit price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is estimated by applying the following hierarchy: Level 1 - Quoted prices in active markets for identical assets or liabilities. Level 2 - Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 - Inputs that are generally unobservable and typically reflect management’s estimate of assumptions that market participants would use in pricing the asset or liability. The Company’s population of financials assets and liabilities subject to fair value measurements on a recurring basis are as follows: SCHEDULE OF FINANCIALS ASSETS AND LIABILITIES SUBJECT TO FAIR VALUE MEASUREMENTS Recurring fair value measurements Level 1 Level 2 Level 3 Fair Value as of June 29, 2024 Recurring fair value measurements Level 1 Level 2 Level 3 Liabilities: Derivative liability $ - $ - $ 21,152 Total liability in fair value hierarchy $ - - 21,152 Level 3 financial liabilities consist of the derivative liability for which there is no current market for the securities such that the determination of fair value requires judgement or estimation. Changes in fair value measurements categorized within Level 3 of the fair value hierarchy are analyzed each period based on changes in estimates or assumptions and recorded as appropriate. The Company’s derivative liability represents embedded share-settled redemption features bifurcated from the underlying convertible note and is carried at fair value. The changes in fair value of the derivative liability are recorded as change in other expense/(income) in the condensed consolidated statement of operations. The fair value of the share-settled redemption derivative liability was based on management’s estimate of the expected future cash flows required to settle the liabilities.

INVENTORY

INVENTORY	6 Months Ended
	Jun. 29, 2024
Inventory Disclosure [Abstract]
INVENTORY	NOTE 5: INVENTORY Inventory consists of the following: SCHEDULE OF INVENTORIES June 29, 2024 December 30, 2023 (unaudited) Finished goods $ 6,530,094 $ 8,046,501 Inventory reserve (2,730,572 ) (3,191,860 ) Total $ 3,799,522 $ 4,854,641

LEASEHOLD IMPROVEMENTS AND EQUI

LEASEHOLD IMPROVEMENTS AND EQUIPMENT, NET	6 Months Ended
	Jun. 29, 2024
Property, Plant and Equipment [Abstract]
LEASEHOLD IMPROVEMENTS AND EQUIPMENT, NET	NOTE 6: LEASEHOLD IMPROVEMENTS AND EQUIPMENT, NET Leasehold improvements and equipment consist of the following: SUMMARY OF LEASEHOLD IMPROVEMENTS AND EQUIPMENT June 29, 2024 December 30, 2023 (unaudited) Computer equipment $ 120,459 $ 120,459 Furniture and fixtures 185,290 185,290 Leasehold improvements 139,121 139,121 Machinery and equipment 32,666 32,666 Total cost 477,536 477,536 Leasehold improvements and equipment, gross cost 477,536 477,536 Accumulated depreciation (405,041 ) (380,400 ) Leasehold improvements and equipment, net $ 72,495 $ 97,136 Depreciation expense amounted to $ 12,066 12,426 Depreciation expense amounted to $ 24,641 23,113

LEASES

LEASES	6 Months Ended
	Jun. 29, 2024
Leases
LEASES	NOTE 7: LEASES The Company entered into a sub-lease agreement for warehouse space from a related party (Nina Footwear) on April 1, 2021. The Company pays 33.3 September 30, 2023 282,680 The Company entered into a new sub-lease agreement for warehouse space from related party, Nina Footwear, on March 26, 2024. The Company pays 26 February 1, 2029 18,534 On June 27, 2022, the Company together with Nina Footwear, entered into a new agreement to extend the lease agreement with Nina Footwear for the office space. The Company will pay 50 April 30, 2027 29,259 The discount rate used in the calculation of the lease liability ranged from 7 14 As of June 29, 2024, the remaining lease term on the corporate lease was 2.8 7.00 As of June 29, 2024, the remaining lease term on the warehouse lease was 4.6 13.6 The table below includes the balances of operating lease right-of-use assets and operating lease liabilities as of June 29, 2024: SCHEDULE OF OPERATING LEASE RIGHT OF USE OF ASSET AND LIABILITIES June 29, 2024 Assets Operating lease right-of-use assets, net $ 1,572,529 Liabilities Operating lease liabilities – current $ 406,656 Operating lease liabilities – non-current 1,253,980 Total Lease Liabilities $ 1,660,636 The maturities of our operating lease liabilities as of June 29, 2024, are as follows: SCHEDULE OF MATURITIES OF LEASE LIABILITIES FOR OPERATING LEASES Maturity of Operating Lease Liabilities 2024 $ 275,223 2025 564,798 2026 583,819 2027 348,454 2028 233,634 2029 19,532 Total lease payments 2,025,460 Less: imputed interest (364,824 ) Present value of lease liabilities $ 1,660,636

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 29, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 8: RELATED PARTY TRANSACTIONS In the normal course of business, the Company made purchases from related parties, Nina Footwear, for merchandise and shared services which amounted to ($ 47,107 3,144 The Company made purchases from related parties, Nina Footwear, for merchandise and shared services which amounted to ($ 90,307 ) and $ 9,447 for the 26 weeks ended June 29, 2024, and July 1, 2023, respectively. The negative amounts was the result of chargebacks to Nina Footwear that exceeded the expenses charged to the Company. Nina Footwear performs certain management services for the Company pursuant to a management services agreement. For these services, the Company pays a monthly management fee equal to 0.75 Management fees amounted to $ 7,907 23,662 Management fees amounted to $ 24,766 52,652 In addition, the Company is using a related party to run its Amazon Marketplace site. The consulting fees for this service amounted to $ 1,945 18,438 11,759 37,751 The Company entered into a new sub-lease agreement for warehouse space from a related party, Nina Footwear, on April 1, 2021. The Company will pay 33.3 September 30, 2023 The Company entered into a new sub-lease agreement for warehouse space from related party, Nina Footwear, on March 26, 2024. The Company pays 26 For the 13 weeks ended June 29, 2024, and July 1, 2023, related party office rent amounted to $ 86,674 84,150 For the 26 weeks ended June 29, 2024, and July 1, 2023, related party office rent amounted to $ 171,650 166,650 As of June 29, 2024, and December 30, 2023, there was $ 2,094,866 1,868,411 See Note 9 below for a description of short-term debt from affiliated entities under common control and from stockholders.

SHORT-TERM DEBT

SHORT-TERM DEBT	6 Months Ended
	Jun. 29, 2024
Debt Disclosure [Abstract]
SHORT-TERM DEBT	NOTE 9: SHORT-TERM DEBT On August 13, 2021, the Company entered into two unsecured convertible promissory notes with stockholders in the aggregate amount of $ 200,000 Each of the convertible notes were payable on January 15, 2022 and were automatically convertible into shares of the Company’s common stock at a conversion price equal to the per share price of the next equity funding completed by the Company in an amount of at least $2,000,000 and requires the repayment of 110% of such convertible note amount upon a sale of the Company (including a change of 50% or more of the voting shares). On August 25, 2021, the parties agreed to amend the previously convertible notes to remove the conversion rights provided for therein and clarify that no interest accrues on the convertible notes. On March 31, 2022, and effective on January 15, 2022, the parties amended the notes to be payable on demand. In September, October and November 2021, the Company borrowed $ 2,500,000 110 50 500,000 150,000 On September 18, 2023, the Company entered into a Debt Conversion agreement with Ezra Dabah, the holder of the September, October and November 2021 notes, the Chief Executive Officer and Chairman of the Company. The Company and Mr. Dabah agreed to convert an aggregate of $ 1,200,000 310,760 3.8615 During March 2024, Mr. Dabah loaned the Company $ 85,000 35,000 On February 7, 2024, the Company entered into a cash advance agreement with a financial institution and was advanced cash totaling $ 240,000 271,200 plus interest, in daily payments equaling 17% of funds from transactions associated with the Company’s Shopify Services account. The loan has an 18-month term from the effective date and bears an interest rate of 15.61 On April 18, 2024, the Company entered into a $ 346,000 Nina Footwear Note Merger Agreement Merger Sub Merger The Nina Footwear Note in the principal amount of $ 346,000 5 14,605 87,631 The Nina Footwear Note includes customary events of default and allows Nina Footwear the right to accelerate the amount due under the note upon the occurrence of such event of default, subject to certain cure rights. During May 2024, Nina Footwear loaned the Company $ 100,000 During June 2024, Nina Footwear loaned the Company $ 15,000 On May 25, 2024, the Company entered into a loan agreement with a financial institution and was advanced cash totaling $ 180,737 189,890 17,263 9.99 34,525 17,263 On May 31, 2024, the Company entered into the SPA with the Investor. Pursuant to the SPA, we agreed to sell the Investor three tranches of convertible debentures, in an aggregate principal amount of $ 2,000,000 500,000 500,000 1,000,000 Shareholder Approval The Company agreed to sell all Convertible Debentures with a 10 % original issue discount and, as a result thereof, we received $ 450,000 in gross proceeds, prior to expenses, upon the sale of the Initial Debenture. The Second and Third Closings are subject to certain closing conditions, including those discussed above, as described in greater detail in the SPA. The Initial Debenture bears, and the subsequent Convertible Debentures issued under the SPA will bear interest at an annual rate of 0 % per annum and will mature on May 31, 2025, as may be extended at the option of the Investor. The interest rate is subject to increase to 18 % upon the occurrence and during the continuance of any event of default thereunder as discussed in greater detail below. 400,000 Amortization Principal Amount 8 Payment Premium The Convertible Debenture can be converted into common stock at the option of the noteholder. The conversion is subject to the limitations of the SPA and can be executed at any time or times after the issuance date. The noteholder is entitled to convert any portion of the outstanding and unpaid principal and accrued interest at the Conversion Price (defined as lower of $ 3.3229 91 0.6580 1. Beneficial Ownership – the noteholder will not convert any portion of the Convertible Debenture to the extent that after such conversion, the noteholder would beneficially own (as determined in accordance with Section 13(d) of the Exchange Act and the rules promulgated thereunder) in excess of 4.99 2. Principal Market Limitation - the Company will not issue any shares of common stock pursuant to the terms of the SPA if the issuance of such shares would exceed the aggregate number of shares of common stock that the Company may issue upon conversion of this Convertible Debenture and any other notes in compliance with the Company’s obligations under the rules or regulations of the Principal Market (Nasdaq Stock Market). The number of shares which may be issued without violating such rules and regulations is 390,132 The Company concluded that the above settlement feature of Convertible Debenture was determined to not be clearly and closely associated with the risk of the debt host instrument and have therefore been bifurcated and separately accounted for as derivative financial instruments. The Company will remeasure the fair market value of the derivative liability at each balance sheet date and recognize any change in other expense/(income), net in the consolidated statements of operations. The Company determined the measurement of its derivative liability to be a Level 3 fair value measurement based on management’s estimate of the expected future cash flows required to settle the liabilities. The Company determined the fair value of the derivative liability related to the Convertible Debenture to be approximately $ 21,152

NET LOSS PER COMMON SHARE

NET LOSS PER COMMON SHARE	6 Months Ended
	Jun. 29, 2024
Earnings Per Share [Abstract]
NET LOSS PER COMMON SHARE	NOTE 10: NET LOSS PER COMMON SHARE The computation of basic net loss per share is based on the weighted average number of common shares outstanding for the 13 weeks and 26 weeks ended June 29, 2024 and July 1, 2023. Diluted net loss per share gives effect to stock options and restricted stock units using the treasury stock method, unless the impact is anti-dilutive. Diluted net loss per share for the 13 weeks and 26 weeks ended June 29, 2024 does not include 27,000 8,467 SCHEDULE OF WEIGHTED AVERAGE NUMBER OF SHARES June 29, 2024 July 1, 2023 June 29, 2024 July 1, 2023 For the 13 weeks ended For the 26 weeks ended June 29, 2024 July 1, 2023 June 29, 2024 July 1, 2023 Net loss $ (1,301,450 ) $ (2,029,225 ) $ (3,070,861 ) $ (3,979,737 ) Weighted Average Shares – Basic 1,951,638 1,546,239 1,921,216 1,541,938 Dilutive effect of stock options and restricted stock units - - - - Weighted Average Shares – Diluted 1,951,638 1,546,239 1,921,216 1,541,938 Basic net loss per share (0.67 ) (1.31 ) (1.60 ) (2.58 ) Diluted net loss per share (0.67 ) (1.31 ) (1.60 ) (2.58 )

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	6 Months Ended
	Jun. 29, 2024
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 11: STOCKHOLDERS’ EQUITY On June 19, 2023, at the Company’s 2023 Annual Meeting of the Stockholders (the “ Annual Meeting 0.001 Stockholder Authority On February 20, 2024, the Company’s Board of Directors (the “ Board 1-for-5 Reverse Stock Split On March 4, 2024, the Company filed a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation (the “ Certificate of Amendment The Reverse Stock Split was effective on March 7, 2024, at which time every five (5) shares of issued and outstanding common stock were converted into one (1) share of issued and outstanding common stock, and the total outstanding shares of common stock were reduced from approximately 9.5 1.9 The Reverse Stock Split has been retroactively reflected throughout this report.

EQUITY-BASED COMPENSATION

EQUITY-BASED COMPENSATION	6 Months Ended
	Jun. 29, 2024
Share-Based Payment Arrangement [Abstract]
EQUITY-BASED COMPENSATION	NOTE 12: EQUITY-BASED COMPENSATION On May 9, 2021, the Board and majority stockholders adopted an Equity Incentive Plan which provides an opportunity for any employee, officer, director or consultant of the Company to receive incentive stock options, nonqualified stock options, restricted stock, stock awards, shares in performance of services or any combination of the foregoing. On September 30, 2021, the Board of Directors and majority stockholders of the Company amended and restated its 2021 Equity Incentive Plan (as amended and restated, the “ 2021 Plan RSU awards 520,000 5 300,000 evergreen 1,560,000 76,178 5 76,881 5 95,687 5 768,748 619,298 On November 10, 2021, prior to the pricing of the Company’s initial public offering (the “ IPO 96,000 42.50 50,800 2,000 RSU five years 17,600 14,072 3,528 17,600 16,304 1,296 8,467 7,730 737 In determining the fair value of the stock-based awards, we used the Black-Scholes option-pricing model and assumptions discussed below. Each of these inputs is subjective and generally requires significant judgment. Expected Term Expected Volatility Risk-Free Interest Rate Expected Dividend A summary of the Company’s time-based stock option activity under the 2021 Plan was as follows: SCHEDULE OF TIME BASED STOCK OPTION ACTIVITY Number of Options Weighted Average Exercise Price Unvested options as of December 30, 2023 34,800 $ 42.50 Granted - - Vested - - Forfeited/Repurchased (12,400 ) - Unvested options as of June 29, 2024 22,400 $ 42.50 As of June 29, 2024, there was no Amortization of this charge, which is included in non-cash compensation expense, for the 13 weeks ended June 29, 2024 and July 1, 2023, was $ 120,235 290,953 Amortization of this charge, which is included in non-cash compensation expense, for the 26 weeks ended June 29, 2024 and July 1, 2023, was $ 454,089 558,429

RISK CONCENTRATION AND UNCERTAI

RISK CONCENTRATION AND UNCERTAINTIES	6 Months Ended
	Jun. 29, 2024
Risks and Uncertainties [Abstract]
RISK CONCENTRATION AND UNCERTAINTIES	NOTE 13: RISK CONCENTRATION AND UNCERTAINTIES The Company uses various vendors for purchases of inventory. For the 13 and 26 weeks ended June 29, 2024, no 100 Concentrations of credit risk with respect to accounts receivable are limited due to the large number of customers comprising the Company’s customer base. In addition, the Company reviews receivables and recognizes bad debt on a monthly basis for accounts that are deemed uncollectible.

REVENUE, NET

REVENUE, NET	6 Months Ended
	Jun. 29, 2024
Revenue from Contract with Customer [Abstract]
REVENUE, NET	NOTE 14: REVENUE, NET SCHEDULE OF DISAGGREGATION OF REVENUES, NET June 29, 2024 July 1, 2023 June 29, 2024 July 1, 2023 For the 13 weeks ended For the 26 weeks ended June 29, 2024 July 1, 2023 June 29, 2024 July 1, 2023 Subscription boxes $ 804,837 $ 2,607,543 $ 2,321,502 $ 5,579,110 Third party websites 32,801 426,914 291,702 863,212 Online website sales 290,685 414,462 754,424 1,036,075 Total revenue $ 1,128,323 $ 3,448,919 $ 3,367,628 $ 7,478,397

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 29, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 15: SUBSEQUENT EVENTS On July 22, 2024, the Company, Nina Footwear and Merger Sub entered into a First Amendment to Agreement and Plan of Merger and Reorganization (the “ First Amendment During July 2024, Mr. Dabah loaned the Company $ 15,000 During July 2024, Nina Footwear Corp. loaned the Company $ 13,000

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 29, 2024
Accounting Policies [Abstract]
Basis of accounting	Basis of accounting The accompanying condensed interim financial statements are unaudited and include all adjustments (consisting of normal recurring adjustments) that management considers necessary for a fair presentation of its condensed interim financial position and results of operations for the interim periods presented. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for the entire year.
Fiscal year	Fiscal year 2024 2023
Use of estimates	Use of estimates
Emerging growth company	Emerging growth company emerging growth company, JOBS Act Exchange Act
Accounting standards adopted	Accounting standards adopted Financial Instruments Credit Losses
Accounting standards issued but not yet adopted	Accounting standards issued but not yet adopted : In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosure ASC Earnings Per Share
Concentration of credit risk	Concentration of credit risk FDIC
Net loss per common share	Net loss per common share : Net loss per common share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share reflects the impact of stock options and restricted stock units, if any, under the treasury stock method unless their impact is anti-dilutive.
Revenue recognition	Revenue recognition Revenue for subscription box sales is recognized when control of the promised goods is transferred and accepted by the subscriber. Subscribers have a maximum of 10 days from the date the product is delivered to return any items in the pre-paid delivery bag. Control is transferred either when a subscriber checks out or automatically 10 days after the goods are delivered, whichever occurs first. Upon checkout or the 10-day period, the amount of the order not returned is recognized as revenue. Payment is due upon checkout or the end of the 10-day period after the goods are delivered, whichever occurs first. Revenue from online website sales, which includes sales from our and third-party websites (currently Amazon and Walmart), are recognized when control of the promised goods are transferred to the Company’s customers, in an amount that depicts the consideration the Company expects to be entitled to in exchange for those goods. Control is transferred at the time of shipment. Upon shipment, the total amount of the order is recognized as revenue. Payment for online website sales is due upon time of order. The provision for anticipated sales returns consists of both contractual return rights and discretionary authorized returns. Estimates of discretionary authorized returns for sales other than subscription sales, discounts and claims are based on (1) historical rates, (2) specific identification of outstanding returns not yet received from customers and outstanding discounts and claims, and (3) estimated returns, discounts and claims expected, but not yet finalized with customers. Actual returns, discounts and claims in any future period are inherently uncertain and thus may differ from estimates recorded. If actual or expected future returns, discounts or claims were significantly greater or lower than reserves established, a reduction or increase to net revenue would be recorded in the period in which such determination was made. Shipping and handling costs associated with outbound freight fulfillment before control over a product has transferred to a customer are accounted for as shipping and handling cost in the condensed interim statements of operations. Taxes assessed by governmental authorities that are both imposed on and concurrent with a specific revenue producing transaction and are collected by the Company from a customer are excluded from revenue and cost of goods sold in the condensed interim statements of operations.
Inventory	Inventory 2.9 6,530,094 2,730,572
Leasehold improvements and equipment, net	Leasehold improvements and equipment, net
Impairment of long-lived assets	Impairment of long-lived assets
Income taxes	Income taxes The Company applies U.S. GAAP accounting for uncertainty in income taxes. If the Company considers that a tax position is more likely than not of being sustained upon audit, based solely on the technical merits of the position, it recognizes the tax benefit. The Company measures the tax benefit by determining the amount that is greater than 50% likely of being realized upon settlement, presuming the tax position is examined by the appropriate taxing authority that has full knowledge of relevant information. The Company has no unrecognized tax benefits as of June 29, 2024, and December 30, 2023. The Company’s federal, state and local income tax returns prior to fiscal year 2019 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. The Company recognizes interest and penalties associated with tax matters, if any, as part of operating expenses and includes accrued interest and penalties with accrued expenses in the condensed interim balance sheets
Equity-based compensation	Equity-based compensation Equity-based compensation
Segment information	Segment information one one

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 29, 2024
Fair Value Disclosures [Abstract]
SCHEDULE OF FINANCIALS ASSETS AND LIABILITIES SUBJECT TO FAIR VALUE MEASUREMENTS	The Company’s population of financials assets and liabilities subject to fair value measurements on a recurring basis are as follows: SCHEDULE OF FINANCIALS ASSETS AND LIABILITIES SUBJECT TO FAIR VALUE MEASUREMENTS Recurring fair value measurements Level 1 Level 2 Level 3 Fair Value as of June 29, 2024 Recurring fair value measurements Level 1 Level 2 Level 3 Liabilities: Derivative liability $ - $ - $ 21,152 Total liability in fair value hierarchy $ - - 21,152

INVENTORY (Tables)

INVENTORY (Tables)	6 Months Ended
	Jun. 29, 2024
Inventory Disclosure [Abstract]
SCHEDULE OF INVENTORIES	Inventory consists of the following: SCHEDULE OF INVENTORIES June 29, 2024 December 30, 2023 (unaudited) Finished goods $ 6,530,094 $ 8,046,501 Inventory reserve (2,730,572 ) (3,191,860 ) Total $ 3,799,522 $ 4,854,641

LEASEHOLD IMPROVEMENTS AND EQ_2

LEASEHOLD IMPROVEMENTS AND EQUIPMENT, NET (Tables)	6 Months Ended
	Jun. 29, 2024
Property, Plant and Equipment [Abstract]
SUMMARY OF LEASEHOLD IMPROVEMENTS AND EQUIPMENT	Leasehold improvements and equipment consist of the following: SUMMARY OF LEASEHOLD IMPROVEMENTS AND EQUIPMENT June 29, 2024 December 30, 2023 (unaudited) Computer equipment $ 120,459 $ 120,459 Furniture and fixtures 185,290 185,290 Leasehold improvements 139,121 139,121 Machinery and equipment 32,666 32,666 Total cost 477,536 477,536 Leasehold improvements and equipment, gross cost 477,536 477,536 Accumulated depreciation (405,041 ) (380,400 ) Leasehold improvements and equipment, net $ 72,495 $ 97,136

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 29, 2024
Leases
SCHEDULE OF OPERATING LEASE RIGHT OF USE OF ASSET AND LIABILITIES	The table below includes the balances of operating lease right-of-use assets and operating lease liabilities as of June 29, 2024: SCHEDULE OF OPERATING LEASE RIGHT OF USE OF ASSET AND LIABILITIES June 29, 2024 Assets Operating lease right-of-use assets, net $ 1,572,529 Liabilities Operating lease liabilities – current $ 406,656 Operating lease liabilities – non-current 1,253,980 Total Lease Liabilities $ 1,660,636
SCHEDULE OF MATURITIES OF LEASE LIABILITIES FOR OPERATING LEASES	The maturities of our operating lease liabilities as of June 29, 2024, are as follows: SCHEDULE OF MATURITIES OF LEASE LIABILITIES FOR OPERATING LEASES Maturity of Operating Lease Liabilities 2024 $ 275,223 2025 564,798 2026 583,819 2027 348,454 2028 233,634 2029 19,532 Total lease payments 2,025,460 Less: imputed interest (364,824 ) Present value of lease liabilities $ 1,660,636

NET LOSS PER COMMON SHARE (Tabl

NET LOSS PER COMMON SHARE (Tables)	6 Months Ended
	Jun. 29, 2024
Earnings Per Share [Abstract]
SCHEDULE OF WEIGHTED AVERAGE NUMBER OF SHARES	SCHEDULE OF WEIGHTED AVERAGE NUMBER OF SHARES June 29, 2024 July 1, 2023 June 29, 2024 July 1, 2023 For the 13 weeks ended For the 26 weeks ended June 29, 2024 July 1, 2023 June 29, 2024 July 1, 2023 Net loss $ (1,301,450 ) $ (2,029,225 ) $ (3,070,861 ) $ (3,979,737 ) Weighted Average Shares – Basic 1,951,638 1,546,239 1,921,216 1,541,938 Dilutive effect of stock options and restricted stock units - - - - Weighted Average Shares – Diluted 1,951,638 1,546,239 1,921,216 1,541,938 Basic net loss per share (0.67 ) (1.31 ) (1.60 ) (2.58 ) Diluted net loss per share (0.67 ) (1.31 ) (1.60 ) (2.58 )

EQUITY-BASED COMPENSATION (Tabl

EQUITY-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 29, 2024
Share-Based Payment Arrangement [Abstract]
SCHEDULE OF TIME BASED STOCK OPTION ACTIVITY	A summary of the Company’s time-based stock option activity under the 2021 Plan was as follows: SCHEDULE OF TIME BASED STOCK OPTION ACTIVITY Number of Options Weighted Average Exercise Price Unvested options as of December 30, 2023 34,800 $ 42.50 Granted - - Vested - - Forfeited/Repurchased (12,400 ) - Unvested options as of June 29, 2024 22,400 $ 42.50

REVENUE, NET (Tables)

REVENUE, NET (Tables)	6 Months Ended
	Jun. 29, 2024
Revenue from Contract with Customer [Abstract]
SCHEDULE OF DISAGGREGATION OF REVENUES, NET	SCHEDULE OF DISAGGREGATION OF REVENUES, NET June 29, 2024 July 1, 2023 June 29, 2024 July 1, 2023 For the 13 weeks ended For the 26 weeks ended June 29, 2024 July 1, 2023 June 29, 2024 July 1, 2023 Subscription boxes $ 804,837 $ 2,607,543 $ 2,321,502 $ 5,579,110 Third party websites 32,801 426,914 291,702 863,212 Online website sales 290,685 414,462 754,424 1,036,075 Total revenue $ 1,128,323 $ 3,448,919 $ 3,367,628 $ 7,478,397

NATURE OF BUSINESS (Details Nar

NATURE OF BUSINESS (Details Narrative) - Nina Footwear Corp [Member]	Mar. 29, 2024
Mr. Ezra Dabah and his Children [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Equity investment owned	79.30%
Mr. Dabah and his Family [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Equity investment owned	100%

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	6 Months Ended
	Jun. 29, 2024 USD ($) Segment	Dec. 30, 2023 USD ($)
Accounting Policies [Abstract]
Inventory reserves | $	$ 2,730,572	$ 3,191,860
Inventory balance | $	$ 6,530,094	$ 8,046,501
Number of operating segment | Segment	1
Number of reportable segment | Segment	1

LIQUIDITY AND GOING CONCERN (De

LIQUIDITY AND GOING CONCERN (Details Narrative) - USD ($)	May 31, 2024	Jun. 29, 2024	Dec. 30, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Accumulated deficit		$ 54,511,088	$ 51,440,227
Original issue discount	10%
Securities Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Proceeds from issuance of debt	$ 450,000
Securities Purchase Agreement [Member] | Convertible Debentures Three Tranches [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Convertible debentures principal amount	2,000,000
Securities Purchase Agreement [Member] | Convertible Debentures First Tranche [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Convertible debentures principal amount	500,000
Securities Purchase Agreement [Member] | Convertible Debentures Second Tranche [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Convertible debt	500,000
Securities Purchase Agreement [Member] | Convertible Debentures Three Tranche [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Convertible debt	$ 1,000,000

SCHEDULE OF FINANCIALS ASSETS A

SCHEDULE OF FINANCIALS ASSETS AND LIABILITIES SUBJECT TO FAIR VALUE MEASUREMENTS (Details)	Jun. 29, 2024 USD ($)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability
Total liability in fair value hierarchy
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability
Total liability in fair value hierarchy
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	21,152
Total liability in fair value hierarchy	$ 21,152

SCHEDULE OF INVENTORIES (Detail

SCHEDULE OF INVENTORIES (Details) - USD ($)	Jun. 29, 2024	Dec. 30, 2023
Inventory Disclosure [Abstract]
Finished goods	$ 6,530,094	$ 8,046,501
Inventory reserve	(2,730,572)	(3,191,860)
Total	$ 3,799,522	$ 4,854,641

SUMMARY OF LEASEHOLD IMPROVEMEN

SUMMARY OF LEASEHOLD IMPROVEMENTS AND EQUIPMENT (Details) - USD ($)	Jun. 29, 2024	Dec. 30, 2023
Property, Plant and Equipment [Line Items]
Leasehold improvements and equipment, gross cost	$ 477,536	$ 477,536
Accumulated depreciation	(405,041)	(380,400)
Leasehold improvements and equipment, net	72,495	97,136
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Leasehold improvements and equipment, gross cost	120,459	120,459
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Leasehold improvements and equipment, gross cost	185,290	185,290
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Leasehold improvements and equipment, gross cost	139,121	139,121
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Leasehold improvements and equipment, gross cost	$ 32,666	$ 32,666

LEASEHOLD IMPROVEMENTS AND EQ_3

LEASEHOLD IMPROVEMENTS AND EQUIPMENT, NET (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Property, Plant and Equipment [Abstract]
Depreciation	$ 12,066	$ 12,426	$ 24,641	$ 23,113

SCHEDULE OF OPERATING LEASE RIG

SCHEDULE OF OPERATING LEASE RIGHT OF USE OF ASSET AND LIABILITIES (Details) - USD ($)	Jun. 29, 2024	Dec. 30, 2023
Leases
Operating lease right-of-use assets, net	$ 1,572,529	$ 992,396
Operating lease liabilities – current	406,656	281,225
Operating lease liabilities – non-current	1,253,980	$ 780,244
Total Lease Liabilities	$ 1,660,636

SCHEDULE OF MATURITIES OF LEASE

SCHEDULE OF MATURITIES OF LEASE LIABILITIES FOR OPERATING LEASES (Details)	Jun. 29, 2024 USD ($)
Leases
2024	$ 275,223
2025	564,798
2026	583,819
2027	348,454
2028	233,634
2029	19,532
Total lease payments	2,025,460
Less: imputed interest	(364,824)
Present value of lease liabilities	$ 1,660,636

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)				3 Months Ended		6 Months Ended
	Mar. 26, 2024	Jun. 27, 2022	Apr. 01, 2021	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Lease payments				$ 2,025,460		$ 2,025,460
Payments for rent				$ 86,674	$ 84,150	$ 171,650	$ 166,650
Monthly rent percentage		50%
Corporate Lease [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Weighted average remaining lease term				2 years 9 months 18 days		2 years 9 months 18 days
Weighted average incremental borrowing rate				7%		7%
Warehouse Lease [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Weighted average remaining lease term				4 years 7 months 6 days		4 years 7 months 6 days
Weighted average incremental borrowing rate				13.60%		13.60%
Minimum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Lease liability interest rate		7%
Maximum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Lease liability interest rate		14%
Sublease Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Lease expiration date		Apr. 30, 2027
Payments for rent		$ 29,259
Sublease Agreement [Member] | Warehouse [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Rent payments, percentage	26%		33.30%
Lease expiration date	Feb. 01, 2029		Sep. 30, 2023
Lease payments				$ 282,680		$ 282,680
Payments for rent	$ 18,534

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)				3 Months Ended		6 Months Ended
	Mar. 26, 2024	Jun. 27, 2022	Apr. 01, 2021	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023	Dec. 30, 2023
Related Party Transaction [Line Items]
Services shares				$ 47,107	$ 3,144	$ 90,307	$ 9,447
Management fee percent						0.75%
Management fees				7,907	23,662	$ 24,766	52,652
Consulting fees				1,945	18,438	11,759	37,751
Payments for rent				86,674	$ 84,150	171,650	$ 166,650
Nina Footwear [Member]
Related Party Transaction [Line Items]
Due to related parties				$ 2,094,866		$ 2,094,866		$ 1,868,411
Sublease Agreement [Member]
Related Party Transaction [Line Items]
Lease expiration date		Apr. 30, 2027
Payments for rent		$ 29,259
Sublease Agreement [Member] | Warehouse [Member]
Related Party Transaction [Line Items]
Rent payments, percentage	26%		33.30%
Lease expiration date	Feb. 01, 2029		Sep. 30, 2023
Payments for rent	$ 18,534

SHORT-TERM DEBT (Details Narrat

SHORT-TERM DEBT (Details Narrative) - USD ($)

1 Months Ended

3 Months Ended

6 Months Ended

May 31, 2024

May 25, 2024

Apr. 18, 2024

Feb. 07, 2024

Sep. 18, 2023

Jul. 02, 2022

Dec. 27, 2021

Aug. 13, 2021

Mar. 30, 2024

Nov. 30, 2021

Oct. 31, 2021

Sep. 30, 2021

Jun. 29, 2024

Jul. 01, 2023

Jun. 29, 2024

Jul. 01, 2023

Dec. 30, 2023

Jun. 19, 2023

Short-Term Debt [Line Items]

Debt instrument description

plus interest, in daily payments equaling 17% of funds from transactions associated with the Company’s Shopify Services account. The loan has an 18-month term from the effective date and bears an interest rate of 15.61% per annum

Short term borrowings

$ 784,217

$ 784,217

Repayment of loan

$ 150,000

$ 500,000

Operating expenses

$ 240,000

$ 2,039,579

$ 4,081,166

$ 5,343,554

$ 8,416,740

Repayment of debt

$ 271,200

Interest rate

15.61%

Debt Instrument, Interest Rate, Effective Percentage

10%

Debt Instrument, Interest Rate, Increase (Decrease)

18%

Cap price per share

$ 0.001

$ 0.001

$ 0.001

$ 0.001

Shares issued

390,132

Issuance of convertible debt

$ 450,000

Convertible Debt [Member]

Short-Term Debt [Line Items]

Interest rate

4.99%

Issuance of convertible debt

$ 21,152

Loan Agreement [Member]

Short-Term Debt [Line Items]

Operating expenses

$ 180,737

Repayment of debt

$ 189,890

Interest rate

9.99%

Monthly payments

$ 17,263

Contractual payments

$ 34,525

34,525

Payment of loan

17,263

17,263

Debt Instrument, Interest Rate, Effective Percentage

0%

Securities Purchase Agreement [Member]

Short-Term Debt [Line Items]

Proceeds from Issuance of Debt

$ 450,000

Securities Purchase Agreement [Member] | Convertible Debt [Member]

Short-Term Debt [Line Items]

Promissory note amount

$ 400,000

Interest rate

8%

Conversion price

$ 3.3229

Weighted average price percentage

91%

Cap price per share

$ 0.6580

Securities Purchase Agreement [Member] | Convertible Debentures Three Tranches [Member]

Short-Term Debt [Line Items]

Promissory note amount

$ 2,000,000

Securities Purchase Agreement [Member] | Convertible Debentures First Tranche [Member]

Short-Term Debt [Line Items]

Promissory note amount

500,000

Securities Purchase Agreement [Member] | Convertible Debentures Second Tranche [Member]

Short-Term Debt [Line Items]

Convertible debt

500,000

Securities Purchase Agreement [Member] | Convertible Debentures Three Tranche [Member]

Short-Term Debt [Line Items]

Convertible debt

1,000,000

Shareholder [Member]

Short-Term Debt [Line Items]

Short term borrowings

$ 2,500,000

$ 2,500,000

$ 2,500,000

Debt instrument redemption price percentage

110%

110%

110%

Equity investment ownership percentage

50%

Chief Executive Officer [Member]

Short-Term Debt [Line Items]

Repayment of loan

$ 35,000

Conversion price per share

$ 3.8615

Loan payable

$ 85,000

Two Unsecured Convertible Promissory Notes [Member] | Shareholder [Member]

Short-Term Debt [Line Items]

Promissory note amount

$ 200,000

Debt instrument description

Each of the convertible notes were payable on January 15, 2022 and were automatically convertible into shares of the Company’s common stock at a conversion price equal to the per share price of the next equity funding completed by the Company in an amount of at least $2,000,000 and requires the repayment of 110% of such convertible note amount upon a sale of the Company (including a change of 50% or more of the voting shares). On August 25, 2021, the parties agreed to amend the previously convertible notes to remove the conversion rights provided for therein and clarify that no interest accrues on the convertible notes. On March 31, 2022, and effective on January 15, 2022, the parties amended the notes to be payable on demand.

September 2021 Note [Member] | Chief Executive Officer [Member]

Short-Term Debt [Line Items]

Principal amount

$ 1,200,000

October 2021 Note [Member] | Chief Executive Officer [Member]

Short-Term Debt [Line Items]

Restricted common stock

310,760

Nina Footwear Note [Member] | Merger Agreement [Member]

Short-Term Debt [Line Items]

Promissory note amount

$ 346,000

Loan payable

$ 100,000

$ 15,000

15,000

Interest rate

5%

Payment of principal and interest

$ 14,605

Promissory note amount

$ 87,631

SCHEDULE OF WEIGHTED AVERAGE NU

SCHEDULE OF WEIGHTED AVERAGE NUMBER OF SHARES (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 29, 2024	Mar. 30, 2024	Jul. 01, 2023	Apr. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Earnings Per Share [Abstract]
Net loss	$ (1,301,450)	$ (1,769,411)	$ (2,029,225)	$ (1,950,512)	$ (3,070,861)	$ (3,979,737)
Weighted Average Shares – Basic	1,951,638		1,546,239		1,921,216	1,541,938
Dilutive effect of stock options and restricted stock units
Weighted Average Shares – Diluted	1,951,638		1,546,239		1,921,216	1,541,938
Basic net loss per share	$ (0.67)		$ (1.31)		$ (1.60)	$ (2.58)
Diluted net loss per share	$ (0.67)		$ (1.31)		$ (1.60)	$ (2.58)

NET LOSS PER COMMON SHARE (Deta

NET LOSS PER COMMON SHARE (Details Narrative)	3 Months Ended
	Jun. 29, 2024 shares
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from earnings per share, amount	27,000
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from earnings per share, amount	8,467

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - $ / shares	Mar. 07, 2024	Feb. 20, 2024	Jun. 29, 2024	Mar. 06, 2024	Dec. 30, 2023	Jun. 19, 2023
Equity [Abstract]
Common Stock, Par or Stated Value Per Share			$ 0.001		$ 0.001	$ 0.001
Reverse stock split, description	The Reverse Stock Split was effective on March 7, 2024, at which time every five (5) shares of issued and outstanding common stock were converted into one (1) share of issued and outstanding common stock, and the total outstanding shares of common stock were reduced from approximately 9.5 million to approximately 1.9 million, without giving effect to any rounding up of fractional shares.	1-for-5
Common stock, shares, outstanding	1,900,000		1,951,638	9,500,000	1,872,433

SCHEDULE OF TIME BASED STOCK OP

SCHEDULE OF TIME BASED STOCK OPTION ACTIVITY (Details)	6 Months Ended
	Jun. 29, 2024 $ / shares shares
Share-Based Payment Arrangement [Abstract]
Number of Options Unvested, Balance | shares	34,800
Weighted Average Exercise Price Balance | $ / shares	$ 42.50
Number of Options, Granted | shares
Weighted Average Exercise Price, Granted | $ / shares
Number of Options, Vested | shares
Weighted Average Exercise Price, Vested | $ / shares
Number of Options, Forfeited/Repurchased | shares	(12,400)
Weighted Average Exercise Price, Forfeited/Repurchased | $ / shares
Number of Options Unvested, Balance | shares	22,400
Weighted Average Exercise Price Balance | $ / shares	$ 42.50

EQUITY-BASED COMPENSATION (Deta

EQUITY-BASED COMPENSATION (Details Narrative) - USD ($)

3 Months Ended

6 Months Ended

Apr. 01, 2024

Jul. 21, 2023

May 15, 2023

Apr. 01, 2023

May 15, 2022

Apr. 01, 2022

Nov. 10, 2021

Sep. 30, 2021

Jun. 29, 2024

Jul. 01, 2023

Jun. 29, 2024

Jul. 01, 2023

Dec. 30, 2023

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Exercise price per share

Shares vested

Unrecognized compensation cost

$ 0

$ 0

Non-cash compensation expense

$ 120,235

$ 290,953

$ 454,089

$ 558,429

Restricted Stock Units (RSUs) [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Issuance of common stock, shares

7,730

16,304

14,072

Shares vested

8,467

17,600

17,600

Stock issued, restricted stock award shares, forfeited

737

1,296

3,528

IPO [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Options to purchase, shares

96,000

Exercise price per share

$ 42.50

Options term

5 years

Board of Directors Chairman [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Issuance of common stock, shares

300,000

Board of Directors Chairman [Member] | Maximum [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Incentive stock option granted

1,560,000

Executive Officer [Member] | IPO [Member] | Restricted Stock Units (RSUs) [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Shares, restricted stock award, gross

50,800

Board of Directors [Member] | IPO [Member] | Restricted Stock Units (RSUs) [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Shares, restricted stock award, gross

2,000

2021 Equity Incentive Plan [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Shares remain available for future awards

520,000

619,298

Common stock percentage

5%

5%

5%

5%

Number of shares available

95,687

76,881

76,178

768,748

RISK CONCENTRATION AND UNCERT_2

RISK CONCENTRATION AND UNCERTAINTIES (Details Narrative) - Supplier Concentration Risk [Member] - USD ($)	6 Months Ended
	Jul. 01, 2023	Jun. 29, 2024
Cost of Goods and Service Benchmark [Member] | Vendors [Member]
Concentration Risk [Line Items]
Accounts payable curent		$ 0
Inventory Purchases [Member] | One Vendor [Member]
Concentration Risk [Line Items]
Concentration risk percentage	100%

SCHEDULE OF DISAGGREGATION OF R

SCHEDULE OF DISAGGREGATION OF REVENUES, NET (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Disaggregation of Revenue [Line Items]
Total revenue	$ 1,128,323	$ 3,448,919	$ 3,367,628	$ 7,478,397
Subscription Boxes [Member]
Disaggregation of Revenue [Line Items]
Total revenue	804,837	2,607,543	2,321,502	5,579,110
Third Party Websites [Member]
Disaggregation of Revenue [Line Items]
Total revenue	32,801	426,914	291,702	863,212
Online Website Sales [Member]
Disaggregation of Revenue [Line Items]
Total revenue	$ 290,685	$ 414,462	$ 754,424	$ 1,036,075

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member]	Jul. 31, 2024 USD ($)
Nina Footwear Corp [Member]
Subsequent Event [Line Items]
Loans payable	$ 13,000
Mr Dabah [Member]
Subsequent Event [Line Items]
Loans payable	$ 15,000