Strong Global Entertainment (SGE) 10-Q 14 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 09, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	1-41688
Entity Registrant Name	STRONG GLOBAL ENTERTAINMENT, INC.
Entity Central Index Key	0001893448
Entity Incorporation, State or Country Code	A1
Entity Address, Address Line One	108 Gateway Boulevard
Entity Address, Address Line Two	Suite 204
Entity Address, City or Town	Mooresville
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28117
City Area Code	(704)
Local Phone Number	471-6784
Title of 12(b) Security	Class A Common Voting Shares, without par value
Trading Symbol	SGE
Security Exchange Name	NYSEAMER
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	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		7,918,285

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 3,483	$ 4,822
Accounts receivable (net of credit allowances of $53 and $40, respectively)	4,308	3,528
Inventories, net	2,548	1,482
Assets of discontinued operations	12,730	14,329
Other current assets	399	317
Total current assets	23,468	24,478
Property, plant and equipment, net	429	487
Operating lease right-of-use assets	267	350
Finance lease right-of-use asset	1,071	1,201
Other long-term assets		10
Total assets	25,235	26,526
Current liabilities:
Accounts payable	3,448	2,569
Accrued expenses	2,302	1,712
Payable to Fundamental Global Inc. (Note 14)		129
Short-term debt	43	18
Current portion of long-term debt	271	270
Current portion of operating lease obligations	180	183
Current portion of finance lease obligations	264	253
Deferred revenue and customer deposits	1,151	849
Liabilities of discontinued operations	9,503	11,257
Total current liabilities	17,162	17,240
Operating lease obligations, net of current portion	129	216
Finance lease obligations, net of current portion	836	971
Long-term debt, net of current portion	166	301
Other long-term liabilities	5	4
Total liabilities	18,298	18,732
Commitments, contingencies and concentrations (Note 13)
Stockholders’ Equity:
Preferred stock, no par value; 150,000,000 shares authorized, none issued and outstanding as of June 30, 2024 and December 31, 2023
Paid-in-capital related to:
Accumulated deficit	(3,377)	(2,712)
Accumulated other comprehensive loss	(5,567)	(5,234)
Total stockholders’ equity	6,937	7,794
Total liabilities and stockholders’ equity	25,235	26,526
Common Class A [Member]
Paid-in-capital related to:
Paid-in-capital related to common stock, value
Common Class B [Member]
Paid-in-capital related to:
Paid-in-capital related to common stock, value	$ 15,881	$ 15,740

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Net of credit allowances	$ 53	$ 40
Preferred stock, par value	$ 0	$ 0
Preferred stock shares authorized	150,000,000	150,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Class A [Member]
Common stock, par value	$ 0	$ 0
Common stock shares authorized	150,000,000	150,000,000
Common stock, shares issued	7,918,285	7,877,842
Common stock, shares outstanding	7,918,285	7,877,842
Common Class B [Member]
Common stock, par value	$ 0	$ 0
Common stock shares authorized	100	100
Common stock, shares issued	100	100
Common stock, shares outstanding	100	100

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Total net revenues	$ 8,121	$ 6,843	$ 15,804	$ 13,360
Total cost of revenues	6,597	5,882	12,973	11,380
Gross profit	1,524	961	2,831	1,980
Selling and administrative expenses:
Selling	369	161	655	397
Administrative	1,866	2,372	3,588	3,212
Total selling and administrative expenses	2,235	2,533	4,243	3,609
Loss from operations	(711)	(1,572)	(1,412)	(1,629)
Other income (expense):
Interest expense, net	(21)	(17)	(55)	(31)
Foreign currency transaction loss	(6)		(5)	(4)
Other income, net	2	1	28	11
Total other expense	(25)	(16)	(32)	(24)
Loss from continuing operations before income taxes	(736)	(1,588)	(1,444)	(1,653)
Income tax (benefit) expense	(6)	279	(6)	(81)
Net loss from continuing operations	(742)	(1,309)	(1,450)	(1,734)
Net income from discontinued operations (Note 3)	150	893	785	1,694
Net loss	$ (592)	$ (416)	$ (665)	$ (40)
Basic net (loss) income per share:
Continuing operations	$ (0.09)	$ (0.20)	$ (0.18)	$ (0.28)
Discontinued operations	0.02	0.14	0.10	0.27
Basic net loss per share	(0.07)	(0.06)	(0.08)	(0.01)
Diluted net (loss) income per share:
Continuing operations	(0.09)	(0.20)	(0.18)	(0.28)
Discontinued operations	0.02	0.14	0.10	0.27
Diluted net loss per share	$ (0.07)	$ (0.06)	$ (0.08)	$ (0.01)
Weighted-average shares used in computing net (loss) income per share:
Basic	7,904	6,553	7,891	6,278
Diluted	7,904	6,553	7,891	6,278
Product [Member]
Total net revenues	$ 4,782	$ 3,794	$ 9,417	$ 7,564
Total cost of revenues	3,973	3,542	7,874	6,875
Service [Member]
Total net revenues	3,339	3,049	6,387	5,796
Total cost of revenues	$ 2,624	$ 2,340	$ 5,099	$ 4,505

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Net loss	$ (592)	$ (416)	$ (665)	$ (40)
Currency translation adjustment:
Unrealized net change arising during period	(99)	(180)	(333)	(252)
Total other comprehensive loss	(99)	(180)	(333)	(252)
Comprehensive loss	$ (691)	$ (596)	$ (998)	$ (292)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class B [Member]	Additional Paid-in Capital [Member]	Parent [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2022				$ 14,228		$ (5,024)	$ 9,204
Balance, shares at Dec. 31, 2022
Net income (loss)				373			373
Net other comprehensive loss						(72)	(72)
Stock-based compensation expense				18			18
Cumulative effect of adoption of accounting principle				(24)			(24)
Net transfer to parent				(1,217)			(1,217)
Balance at Mar. 31, 2023				13,378		(5,096)	8,282
Balance, shares at Mar. 31, 2023
Balance at Dec. 31, 2022				14,228		(5,024)	9,204
Balance, shares at Dec. 31, 2022
Net income (loss)							(40)
Balance at Jun. 30, 2023			14,989		(841)	(5,276)	8,872
Balance, shares at Jun. 30, 2023	7,143,823	100
Balance at Mar. 31, 2023				13,378		(5,096)	8,282
Balance, shares at Mar. 31, 2023
Net income (loss)				425	(841)		(416)
Net other comprehensive loss						(180)	(180)
Stock-based compensation expense			714	34			748
Vesting of restricted stock			(104)				(104)
Vesting of restricted stock, shares	143,823
Net transfer to parent				(1,066)			(1,066)
Reclassification of Net parent investment			12,771	(12,771)
Reclassification of net parent investment, shares	6,000,000	100
Issuance of common stock and Landmark warrant, net of costs			1,608				1,608
Issuance of common stock and Landmark warrant, net of costs, shares	1,000,000
Balance at Jun. 30, 2023			14,989		(841)	(5,276)	8,872
Balance, shares at Jun. 30, 2023	7,143,823	100
Balance at Dec. 31, 2023			15,740		(2,712)	(5,234)	7,794
Balance, shares at Dec. 31, 2023	7,877,842	100
Net income (loss)					(73)		(73)
Net other comprehensive loss						(234)	(234)
Stock-based compensation expense			74				74
Balance at Mar. 31, 2024			15,814		(2,785)	(5,468)	7,561
Balance, shares at Mar. 31, 2024	7,877,842	100
Balance at Dec. 31, 2023			15,740		(2,712)	(5,234)	7,794
Balance, shares at Dec. 31, 2023	7,877,842	100
Net income (loss)							(665)
Balance at Jun. 30, 2024			15,881		(3,377)	(5,567)	6,937
Balance, shares at Jun. 30, 2024	7,918,285	100
Balance at Mar. 31, 2024			15,814		(2,785)	(5,468)	7,561
Balance, shares at Mar. 31, 2024	7,877,842	100
Net income (loss)					(592)		(592)
Net other comprehensive loss						(99)	(99)
Stock-based compensation expense			73				73
Vesting of restricted stock			(6)				(6)
Vesting of restricted stock, shares	40,443
Balance at Jun. 30, 2024			$ 15,881		$ (3,377)	$ (5,567)	$ 6,937
Balance, shares at Jun. 30, 2024	7,918,285	100

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net loss from continuing operations	$ (1,450)	$ (1,734)
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Provision for (recovery of) doubtful accounts	30	(26)
(Benefit from) provision for obsolete inventory	(38)	30
Provision for warranty	3	6
Depreciation and amortization	207	126
Gain on acquisition of ICS assets	(17)
Amortization and accretion of operating leases	94	32
Deferred income taxes		(432)
Stock-based compensation expense	147	766
Changes in operating assets and liabilities:
Accounts receivable	(387)	(45)
Inventories	(1,027)	395
Current income taxes	(51)	9
Other assets	1	438
Accounts payable and accrued expenses	1,262	2,594
Deferred revenue and customer deposits	304	(569)
Operating lease obligations	(100)	(38)
Net cash (used in) provided by operating activities from continuing operations	(1,022)	1,552
Net cash used in operating activities from discontinued operations	(572)	(2,139)
Net cash used in operating activities	(1,594)	(587)
Cash flows from investing activities:
Capital expenditures	(20)	(119)
Net cash used in investing activities from continuing operations	(20)	(119)
Net cash used in investing activities from discontinued operations	(59)	(283)
Net cash used in investing activities	(79)	(402)
Cash flows from financing activities:
Principal payments on short-term debt	(32)
Principal payments on long-term debt	(135)	(18)
Payments of withholding taxes for net share settlement of equity awards	(6)	(104)
Proceeds from initial public offering		2,411
Payments on finance lease obligations	(124)	(60)
Net cash transferred to parent		(2,283)
Net cash used in financing activities from continuing operations	(297)	(54)
Net cash provided by financing activities from discontinued operations	477	1,930
Net cash provided by financing activities	180	1,876
Effect of exchange rate changes on cash and cash equivalents from discontinued operations	(11)	(132)
Net (decrease) increase in cash and cash equivalents from continuing operations	(1,339)	1,379
Net decrease in cash and cash equivalents from discontinued operations	(165)	(624)
Net (decrease) increase in cash and cash equivalents	(1,504)	755
Cash and cash equivalents from continuing operations at beginning of period	4,822	2,889
Cash and cash equivalents from continuing operations at end of period	$ 3,483	$ 4,268

Nature of Operations

Nature of Operations	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	1. Nature of Operations Strong Global Entertainment, Inc. (“Strong Global Entertainment,” or the “Company”) is a leader in the entertainment industry providing mission critical products and services to cinema exhibitors and entertainment venues for over 90 years. The Company is a holding company and conducts business through its wholly-owned operating subsidiaries: Strong/MDI Screen Systems, Inc. (“Strong/MDI”) is a leading premium screen and projection coatings supplier in the world, and Strong Technical Services, Inc. (“STS”) provides comprehensive managed service offerings with 24/7/365 support nationwide to ensure solution uptime and availability. On May 15, 2023, the Company completed an initial public offering (“IPO”) of its Class A Voting Common Shares without par value (“Common Shares”). The IPO closed on May 18, 2023 and the Company completed its separation (the “Separation”) from Fundamental Global Inc., formerly FG Group Holdings, Inc (“Fundamental Global”). The Company’s Common Shares are listed on the NYSE American under the ticker symbol “SGE.” On February 29, 2024, FG Financial Group, Inc. (“FG Financial”), and FG Group Holdings completed a merger transaction (the “Merger”). Pursuant to the terms of the Merger Agreement, FG Group Holdings became a wholly owned subsidiary of FG Financial. Following the Merger, FG Financial changed its name to Fundamental Global Inc. (“Fundamental Global”). As a result of the Merger, the Company’s indirect controlling shareholder changed from FG Group Holdings to Fundamental Global. On May 3, 2024, the Company entered into an acquisition agreement (the “Acquisition Agreement”) with FG Acquisition Corp., a special purpose acquisition company (“FGAC”), Strong/MDI, FGAC Investors LLC, and CG Investments VII Inc. (together with FGAC Investors LLC, the “Sponsors”), pursuant to which FGAC intends to acquire, directly or indirectly, all of the outstanding shares in the capital of Strong/MDI. As a result of the acquisition, Strong/MDI will become a wholly-owned subsidiary of FGAC. See Note 3 for additional details. On May 30, 2024, Fundamental Global and the Company entered into a definitive arrangement agreement and plan of arrangement to combine the companies in an all-stock transaction. Upon completion of the arrangement, the stockholders of the Company will receive 1.5 common shares of Fundamental Global for each share of the Company. The transaction is expected to close in the third quarter of 2024, subject to customary closing conditions, including any necessary stockholder approval. Following the closing, the Company will cease to exist, and the Company’s Common Shares will be delisted from NYSE American and deregistered under the Exchange Act.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation The condensed consolidated financial statements include the accounts of the Company and all majority-owned and controlled domestic and foreign subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. These condensed consolidated financial statements are presented in accordance with the requirements of interim financial data and consequently do not include all of the disclosures normally required by GAAP for annual reporting purposes, such as those made in the Company’s audited financial statements Company’s Annual Report on Form 10-K. The results for interim periods are not necessarily indicative of trends or results expected for a full fiscal year. The condensed consolidated balance sheet as of December 31, 2023, was derived from the Company’s audited consolidated balance sheet as of that date. All other condensed consolidated financial statements contained herein are unaudited and, in the opinion of management, reflect all adjustments of a normal recurring nature necessary to present a fair statement of the financial position and the results of operations and cash flows for the respective interim periods. In May 2023, the Company became a standalone publicly traded company, and its financial statements post-Separation are prepared on a consolidated basis. The combined financial statements for all periods presented prior to the Separation (see below for additional information) are now also referred to as “condensed consolidated financial statements.” In connection with the Separation, the Company’s assets and liabilities were transferred to the Company on a carry-over (historical cost) basis. The Company’s fiscal year begins on January 1 of the year stated and ends on December 31 of the same year. Unless otherwise indicated, all references to “dollars” and “$” in this Quarterly Report on Form 10-Q are to, and amounts are presented in, U.S. dollars. For Periods Prior to the Separation Prior to the Separation, the Company’s financial statements were derived from the condensed consolidated financial statements and accounting records of Fundamental Global as if Strong Global Entertainment had operated on a stand-alone basis during the periods presented and were prepared in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”) and pursuant to the regulations of the U.S. Securities and Exchange Commission. Accordingly, Fundamental Global historically reported the financial position and the related results of operations, cash flows and changes in equity of Strong Global Entertainment as a component of Fundamental Global’s condensed consolidated financial statements. Prior to the Separation, the historical results of operations included allocations of Fundamental Global’s costs and expenses including Fundamental Global’s corporate function which incurred a variety of expenses including, but not limited to, information technology, human resources, accounting, sales and sales operations, procurement, executive services, legal, corporate finance and communications. P Strong Global Entertainment did not operate as a stand-alone company. For periods prior to the Separation, Strong Global Entertainment employees also historically participated in Fundamental Global’s stock-based incentive plans, in the form of restricted stock units (“RSUs”) and stock options issued pursuant to Fundamental Global’s employee stock plan. Stock-based compensation expense has been directly reported by Strong Global Entertainment based on the awards and terms previously granted to Fundamental Global’s employees. Allocations for management costs and corporate support services provided to Strong Global Entertainment prior to the Separation totaled $ 0.1 0.3 The operations of the Company are included in the consolidated U.S. federal, and certain state and local and foreign income tax returns filed by Fundamental Global, where applicable. Income tax expense and other income tax related information contained in the financial statements prior to the Separation are presented on a separate return basis as if Strong Global Entertainment had filed its own tax returns. Use of Management Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results and changes in facts and circumstances may alter such estimates and affect results of operations and financial position in future periods. The coronavirus pandemic (“COVID-19”) had an unprecedented impact to consumer behaviors and our customers, particularly our customers’ ability and willingness to purchase our products and services. The Company believes that consumer reticence to engage in outside-the-home activities, caused by the risk of contracting COVID-19, has abated, and our customers have resumed more typical, pre-COVID-19 purchasing behaviors. And while we believe our customers made significant progress in its recovery from the pandemic, the impact of COVID-19 on inflation and supply chains and the continued economic recovery will be contingent upon several key factors, including the volume of new film content available, the box office performance of new film content released, the duration of the exclusive theatrical release window, and evolving consumer behavior with competition from other forms of in- and out-of-home entertainment. There can be no assurances that there will be no additional public health crises, including further resurgence or variants of COVID-19, which could reverse the current trend and have a negative impact on the Company’s results of operations. Our results of operations in future periods may continue to be adversely impacted by inflationary pressures and global supply chain issues, and other negative effects on global economic conditions. Cash and Cash Equivalents All short-term, highly liquid financial instruments are classified as cash equivalents in the condensed consolidated balance sheets and statements of cash flows. Generally, these instruments have maturities of three months or less from date of purchase. Accounts Receivable Trade accounts receivable are recorded at the invoiced amount and do not bear interest. Management determines the allowance for expected credit losses based on several factors, including overall customer credit quality, historical write-off experience and a specific analysis that projects the ultimate collectability of the account. As such, these factors may change over time causing the allowance level and provision for expected credit losses to be adjusted accordingly. The accounts receivable balances on the condensed consolidated balance sheets are net of an allowance for expected credit losses of $ 0.1 40 Income Taxes Income taxes are accounted for under the asset and liability method. The Company uses an estimate of its annual effective rate at each interim period based on the facts and circumstances at the time while the actual effective rate is calculated at year-end. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. In assessing whether the deferred tax assets are realizable, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company’s uncertain tax positions are evaluated in a two-step process, whereby 1) the Company determines whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position and 2) for those tax positions that meet the more likely than not recognition threshold, the Company would recognize the largest amount of tax benefit that is greater than fifty percent likely to be realized upon ultimate settlement with the related tax authority. The Company accrues interest and penalties related to uncertain tax positions in the condensed consolidated statements of operations as income tax expense. Stock Compensation Plans Prior to the Separation, the Company’s employees participated in Fundamental Global’s stock-based compensation plans. Stock-based compensation expense has been allocated to the Company based on the awards and terms previously granted to Fundamental Global’s employees. The Company measures stock-based compensation at the grant date based on the fair value of the award. The fair value of stock options is estimated using the Black-Scholes option pricing model. Estimated compensation cost relating to RSUs is based on the closing fair market value of the underlying common stock on the date of grant. The Company uses the straight-line amortization method over the vesting period of the awards. The Company has historically issued shares upon exercise of stock options or vesting of restricted stock from new stock issuances. No stock-based compensation cost was capitalized as a part of inventory during the three and six months ended June 30, 2024 and June 30, 2023. Fair Value of Financial Instruments Assets and liabilities measured at fair value are categorized into a fair value hierarchy based upon the observability of inputs to the valuation of an asset or liability as of the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. The categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three categories: ● Level 1 – inputs to the valuation techniques are quoted prices in active markets for identical assets or liabilities ● Level 2 – inputs to the valuation techniques are other than quoted prices but are observable for the assets or liabilities, either directly or indirectly ● Level 3 – inputs to the valuation techniques are unobservable for the assets or liabilities The following tables present the Company’s financial assets measured at fair value based upon the level within the fair value hierarchy in which the fair value measurements are classified, as of June 30, 2024 and December 31, 2023. Fair values measured on a recurring basis at June 30, 2024 (in thousands): Schedule of Fair Values Measured on Recurring Basis Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 3,483 $ - $ - $ 3,483 Total $ 3,483 $ - $ - $ 3,483 Fair values measured on a recurring basis at December 31, 2023 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 4,822 $ - $ - $ 4,822 Total $ 4,822 $ - $ - $ 4,822 The Company’s short-term debt is recorded at historical cost. The carrying values of all other financial assets and liabilities, including accounts receivable, accounts payable, and short-term debt reported in the condensed consolidated balance sheets equal or approximate their fair values due to the short-term nature of these instruments. All non-financial assets that are not recognized or disclosed at fair value in the financial statements on a recurring basis, which include non-financial long-lived assets, are measured at fair value in certain circumstances (for example, when there is evidence of impairment). Leases The Company and its subsidiaries lease warehouse and office facilities and equipment under operating and finance leases expiring through 2037. The Company determines if a contract is or contains a lease at inception or modification of a contract. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. Control over the use of the identified asset means the lessee has both (a) the right to obtain substantially all of the economic benefits from the use of the asset and (b) the right to direct the use of the asset. Right-of-use assets and liabilities are recognized based on the present value of future minimum lease payments over the expected lease term at commencement date. Certain of the leases contain extension options; however, the Company has not included such options as part of its right-of-use assets and lease liabilities because it does not expect to extend the leases. The Company measures and records a right-of-use asset and lease liability based on the discount rate implicit in the lease, if known. In cases where the discount rate implicit in the lease is not known, the Company measures the right-of-use assets and lease liabilities using a discount rate equal to the Company’s estimated incremental borrowing rate for loans with similar collateral and duration. The Company elected to not apply the recognition requirements of Accounting Standards Codification Topic 842, “Leases,” to leases of all classes of underlying assets that, at the commencement date, have a lease term of 12 months or less and do not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise. Instead, lease payments for such short-term leases are recognized in operations on a straight-line basis over the lease term and variable lease payments in the period in which the obligation for those payments is incurred. The Company elected, as a lessee, for all classes of underlying assets, to not separate nonlease components from lease components and instead to account for each separate lease component and the nonlease components associated with that lease component as a single lease component. Recent Issued Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which will add required disclosures of significant expenses for each reportable segment, as well as certain other disclosures to help investors understand how the chief operating decision maker (“CODM”) evaluates segment expenses and operating results. The new standard will also allow disclosure of multiple measures of segment profitability, if those measures are used to allocate resources and assess performance. The amendments will be effective for public companies for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact of this accounting standard update on our consolidated financial statements. In December 2023, the Financial Accounting Standards Board issued ASU 2023-09, Improvements to Income Tax Disclosures. The ASU requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as additional information on income taxes paid. The ASU is effective on a prospective basis for annual periods beginning after December 15, 2024, with early adoption permitted. The new ASU will not impact amounts recorded in the Company’s financial statements but instead, will require more detailed disclosures in the footnotes to the financial statements. The Company plans to provide the updated disclosures required by the ASU in the periods in which they are effective.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	3. Discontinued Operations Strong/MDI On May 3, 2024, the Company entered into an acquisition agreement (the “Acquisition Agreement”) with FG Acquisition Corp., a special purpose acquisition company (“FGAC”), Strong/MDI, FGAC Investors LLC, and CG Investments VII Inc. (together with FGAC Investors LLC, the “Sponsors”). FGAC’s currently issued and outstanding Class A restricted voting shares (the “Class A Restricted Voting Shares”) and share purchase warrants (the “Warrants”) are listed on the Toronto Stock Exchange (the “TSX”). In addition, FGAC has approximately 2.9 Pursuant to the Acquisition Agreement, FGAC intends to acquire, directly or indirectly, all of the outstanding shares in the capital of Strong/MDI (the “MDI Acquisition”). As a result of the MDI Acquisition, Strong/MDI will become a wholly-owned subsidiary of FGAC. The MDI Acquisition values Strong/MDI at a pre-money valuation of $ 30 Management evaluated the classification of Strong/MDI as a discontinued operation as of June 30, 2024 and determined Strong/MDI is a component of an entity and represented a discontinued operation. Accordingly, Strong/MDI has been included as part of discontinued operations for all periods presented. In connection with the closing of the MDI Acquisition (the “Closing”), FGAC intends to rename itself Saltire Holdings, Ltd. (“Saltire”). It is a condition of Closing that the common shares of FGA (the “Common Shares”) be listed and the Warrants continue to be listed on the TSX. The Closing is conditional on, among other things, there being no legal impediments to Closing and all required authorizations, consents and approvals necessary to effect Closing having occurred, or being filed or obtained, as applicable, the Common Shares being conditionally listed for trading on a stock exchange, the approval of the MDI Acquisition by the holders of Class A Restricted Voting Shares at a meeting of shareholders to be held in connection with the MDI Acquisition, receipts having been obtained for both the preliminary and final prospectus and other usual and customary conditions for transactions of this nature. The obligations of the Company at Closing are also conditional on, among other usual and customary conditions for transactions of this nature, (a) the truth and accuracy of FGAC’s representations and warranties, (b) the compliance and/ or performance by FGAC of its covenants under the Acquisition Agreement, and (c) there having been no material adverse change with respect to FGAC. The Closing is also conditional on, among other usual and customary conditions for transactions of this nature, the following conditions of Closing in favour of FGAC: (a) the truth and accuracy of the Company and Strong/MDI’s representations and warranties, (b) the compliance and/or performance by the Company and MDI of their covenants under the Acquisition Agreement, (c) the completion of all required third party authorizations, consents and approvals, and (d) there having been no material adverse change with respect to Strong/MDI or its business and there being no events, facts or circumstances that shall have occurred which would result or which could reasonably be expected to result, individually or in the aggregate, in a material adverse change with respect to Strong/MDI or its business. It is anticipated that, upon completion of the MDI Acquisition, on a non-diluted basis and assuming completion of a $ 10 338,560 29.6 Strong Studios In March 2022, Strong Studios, Inc. (“Strong Studios”) acquired, from Landmark Studio Group LLC (“Landmark”), the rights to original feature films and television series, and was assigned third party rights to content for global multiplatform distribution. The transaction entailed the acquisition of certain projects which are in varying stages of development. During the second quarter of 2022, Safehaven 2022, Inc. (“Safehaven 2022”) was established to manage the production and financing of the Safehaven In September 2023, the Company acquired all of the outstanding capital stock of Unbounded Media Corporation (“Unbounded”), an independent media and creative production company. Unbounded developed, created and produced film, advertising, and branded content for a broad range of clients. The Company expected Unbounded, in partnership with Strong Studios, would also further develop its original IP portfolio, under its Fieldhouse Entertainment division, which included feature films employing Strong Studios’ long form production expertise and industry network. As of December 31, 2023, the board of directors of Strong Global Entertainment approved the Company’s plan to exit its content business, including Strong Studios and Unbounded and authorized management to proceed with such plan. The plan is expected to improve the Company’s focus on its core businesses, reduce general and administrative costs, and improve financial performance. The Company may receive proceeds from the disposition of certain parts of the business and could recover development costs incurred in certain of the Strong Studios projects in the future; however, any recovery is highly speculative, and management is not able to estimate the amount, timing or likelihood of recoveries. These estimates may change based on the ultimate disposition of the operations and potential recoveries. Management evaluated the classification of the content business as a discontinued operation as of December 31, 2023. The content business included employees and operations that were dedicated solely to that portion of the overall business. In addition, the Company’s accounting system and bank accounts were set up in a manner that allowed for the cash flows to be clearly distinguished from the rest of the entity. Management determined its content business is a component of an entity and represented a discontinued operation effective December 31, 2023. Accordingly, the content business has been included as part of discontinued operations for all periods presented. As noted above, management began implementing the exit plan in late December 2023. All employees of the content business were notified of the Company’s plans to exit the business in December and management immediately began working to implement the exit plan. In connection with the plan to exit the content business, the Company shut down the acquired Unbounded operations effective December 31, 2023. The Company also entered into a letter of intent during December 2023 and executed a Stock Purchase Agreement effective January 1, 2024 for the sale of the majority of the Strong Studios operations. As a result, the Company has classified the assets and liabilities to reflected as discontinued operations as of December 31, 2023. The assets and liabilities transferred to the purchaser during the first quarter of 2024. Pursuant to the Stock Purchase Agreement, the Company transferred the Strong Studios legal entity and all assets and liabilities related to Strong Studios, except the assets and liabilities related to Safehaven. The Stock Purchase Agreement included a sales price of $ 0.6 0.6 The first installment payment was due in February 2024, but the payment has not been received from the purchaser, and management is uncertain if the cash purchase price will ultimately be received. As a result, the Company has adjusted the carrying value of the net assets related to Strong Studios to $ 0 The Safehaven Safehaven 0 Safehaven The major classes of assets and liabilities included as part of discontinued operations are as follows (in thousands): Schedule of Assets and Liabilities Included as Part of Discontinued Operations June 30, 2024 December 31, 2023 Strong/MDI Strong Studios Total Strong/MDI Strong Studios Total Cash $ 484 $ - $ 484 $ 649 $ - $ 649 Accounts receivable, net 2,919 - 2,919 2,948 27 2,975 Inventories 2,460 - 2,460 2,598 - 2,598 Other current assets 640 - 640 743 7 750 Property, plant and equipment, net 987 - 987 1,105 - 1,105 Operating lease right-of-use assets 4,334 - 4,334 4,443 - 4,443 Goodwill and intangible assets 906 - 906 903 - 903 Film & TV programming rights - - - - 906 906 Total assets of discontinued operations $ 12,730 $ - $ 12,730 $ 13,389 $ 940 $ 14,329 Accounts payable and accrued expenses $ 1,836 $ - $ 1,836 $ 2,376 $ 1,321 $ 3,697 Deferred revenue and customer deposits 304 - 304 469 - 469 Short-term debt 2,895 - 2,895 2,438 - 2,438 Long-term debt - - - - 71 71 Operating lease obligations 4,361 - 4,361 4,458 - 4,458 Deferred income tax liabilities, net 107 - 107 125 - 125 Total liabilities of discontinued operations $ 9,503 $ - $ 9,503 $ 9,866 $ 1,392 $ 11,258 The major line items constituting the net loss from discontinued operations are as follows (in thousands): Schedule of Net Loss From Discontinued Operations Strong/MDI Strong Studios Total Strong/MDI Strong Studios Total Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Strong/MDI Strong Studios Total Strong/MDI Strong Studios Total Net revenues $ 3,940 $ - $ 3,940 $ 4,617 $ 6,379 $ 10,996 Cost of revenues 2,358 110 2,468 2,763 1,985 4,748 Gross profit 1,582 (110 ) 1,472 1,854 4,394 6,248 Selling and administrative expenses 1,145 204 1,349 899 3,600 4,499 Income (loss) from operations 437 (314 ) 123 955 794 1,749 Other expense 62 - 62 (487 ) - (487 ) Income (loss) from discontinued operations before taxes 499 (314 ) 185 468 794 1,262 Income tax expense (35 ) - (35 ) (369 ) - (369 ) Net income (loss) from discontinued operations $ 464 $ (314 ) $ 150 $ 99 $ 794 $ 893 Strong/MDI Strong Studios Total Strong/MDI Strong Studios Total Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Strong/MDI Strong Studios Total Strong/MDI Strong Studios Total Net revenues $ 7,327 $ - $ 7,327 $ 8,051 $ 6,379 $ 14,430 Cost of revenues 4,394 205 4,599 4,895 1,985 6,880 Gross profit 2,933 (205 ) 2,728 3,156 4,394 7,550 Selling and administrative expenses 1,783 131 1,914 1,595 3,792 5,387 Loss (gain) on disposal of assets 2 - 2 - (1 ) (1 ) Income (loss) from operations 1,148 (336 ) 812 1,561 603 2,164 Other income (expense) 141 - 141 (407 ) - (407 ) Income (loss) from discontinued operations before taxes 1,289 (336 ) 953 1,154 603 1,757 Income tax expense (168 ) - (168 ) (63 ) - (63 ) Net income (loss) from discontinued operations $ 1,121 $ (336 ) $ 785 $ 1,091 $ 603 $ 1,694

Revenue

Revenue	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	4. Revenue The Company accounts for revenue using the following steps: ● Identify the contract, or contracts, with a customer; ● Identify the performance obligations in the contract; ● Determine the transaction price; ● Allocate the transaction price to the identified performance obligations; and ● Recognize revenue when, or as, the Company satisfies the performance obligations. The Company combines contracts with the same customer into a single contract for accounting purposes when the contracts are entered into at or near the same time and the contracts are negotiated as a single commercial package, consideration in one contract depends on the other contract, or the services are considered a single performance obligation. If an arrangement involves multiple performance obligations, the items are analyzed to determine whether they are distinct, whether the items have value on a standalone basis, and whether there is objective and reliable evidence of their standalone selling price. The total contract transaction price is allocated to the identified performance obligations based upon the relative standalone selling prices of the performance obligations. The standalone selling price is based on an observable price for services sold to other comparable customers, when available, or an estimated selling price using a cost-plus margin approach. Management estimates the amount of total contract consideration it expects to receive for variable arrangements by determining the most likely amount it expects to earn from the arrangement based on the expected quantities of services it expects to provide and the contractual pricing based on those quantities. The Company only includes a portion of variable consideration in the transaction price when it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur or when the uncertainty associated with the variable consideration is subsequently resolved. The Company considers the sensitivity of the estimate, its relationship and experience with the client and variable services being performed, the range of possible revenue amounts and the magnitude of the variable consideration to the overall arrangement. As discussed in more detail below, revenue is recognized when a customer obtains control of promised goods or services under the terms of a contract and is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. The Company typically does not have any material extended payment terms, as payment is due at or shortly after the time of the sale. Sales, value-added and other taxes collected concurrently with revenue producing activities are excluded from revenue. The Company recognizes contract assets or unbilled receivables related to revenue recognized for services completed but not yet invoiced to the clients. Unbilled receivables are recorded as accounts receivable when the Company has an unconditional right to contract consideration. A contract liability is recognized as deferred revenue when the Company invoices clients, or receives cash, in advance of performing the related services under the terms of a contract. Deferred revenue is recognized as revenue when the Company has satisfied the related performance obligation. The Company defers costs to acquire contracts, including commissions, incentives and payroll taxes, if they are incremental and recoverable costs of obtaining a customer contract with a term exceeding one year. Deferred contract costs are reported within other assets and amortized to selling expense over the contract term, which generally ranges from one to five years. The Company has elected to recognize the incremental costs of obtaining a contract with a term of less than one year as a selling expense when incurred. The Company did not have any deferred contract costs as of June 30, 2024 or December 31, 2023. The following tables disaggregate the Company’s revenue by major source for the three and six months ended June 30, 2024 and 2023 (in thousands): Schedule of Disaggregation of Revenue Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Screen system sales $ 63 $ 52 $ 103 $ 123 Digital equipment sales 4,356 3,537 8,594 7,063 Extended warranty sales 30 49 87 100 Other product sales 333 156 633 278 Total product sales 4,782 3,794 9,417 7,564 Field maintenance and monitoring services 1,896 1,912 3,806 3,803 Installation services 1,236 1,038 2,172 1,840 Other service revenues 207 99 409 153 Total service revenues 3,339 3,049 6,387 5,796 Total $ 8,121 $ 6,843 $ 15,804 $ 13,360 Total revenue $ 8,121 $ 6,843 $ 15,804 $ 13,360 Screen system sales The Company typically recognizes revenue on the sale of its screen systems when control of the screen is transferred to the customer, usually at time of shipment. However, revenue is recognized upon delivery for certain international shipments with longer shipping transit times because control transfers upon delivery to the customer. The cost of freight and shipping to the customer is recognized in cost of sales at the time of transfer of control to the customer. For contracts that are long-term in nature, management believes that the use of the percentage-of-completion method is appropriate as management has the ability to make reasonably dependable estimates of the extent of progress towards completion, contract revenues, and contract costs. Under the percentage-of-completion method, revenue is recorded based on the ratio of actual costs incurred to total estimated costs expected to be incurred related to the contract. Digital equipment sales The Company recognizes revenue on sales of digital equipment when the control of the equipment is transferred, which typically occurs at the time of shipment from the Company’s warehouse or drop-shipment from a third party. The cost of freight and shipping to the customer is recognized in cost of sales at the time of transfer of control to the customer. The Company typically records revenue for drop-shipment orders on a gross basis as the Company (i) is responsible for fulfilling the order, (ii) has inventory risk, (iii) would be the recipient of any returned items and (iv) has discretion over pricing. The cost of freight and shipping to the customer is recognized in cost of sales at the time of transfer of control to the customer. Field maintenance and monitoring services The Company sells service contracts that provide maintenance and monitoring services to its Strong Entertainment customers. These contracts are generally 12 months in length. Revenue related to service contracts is recognized ratably over the term of the agreement. In addition to selling service contracts, the Company also performs discrete time and materials-based maintenance and repair work for customers. Revenue related to time and materials-based maintenance and repair work is recognized at the point in time when the performance obligation has been fully satisfied. Installation services The Company performs installation services for its customers and recognizes revenue upon completion of the installations. Extended warranty sales The Company sells extended warranties to its customers. Typically, the Company is the primary obligor, and revenue is recognized on a gross basis ratably over the term of the extended warranty. Timing of revenue recognition The following tables disaggregate the Company’s revenue by the timing of transfer of goods or services to the customer for the three and six months ended June 30, 2024 and 2023 (in thousands): Schedule of Disaggregation of Revenue by Timing of Transfer of Goods or Services Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Point in time $ 6,527 $ 5,316 $ 12,613 $ 10,312 Over time 1,594 1,527 3,191 3,048 Total $ 8,121 $ 6,843 $ 15,804 $ 13,360 Total revenue $ 8,121 $ 6,843 $ 15,804 $ 13,360 At June 30, 2024, the unearned revenue amount associated with maintenance and monitoring services and extended warranty sales in which the Company is the primary obligor was $ 0.4 0.4 The following tables summarize the Company’s revenue by geographic area for the three and six months ended June 30, 2024 and 2023 (in thousands): Schedule of Revenue by Geographical Area Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 United States $ 7,955 $ 6,721 $ 15,486 $ 13,139 Canada 12 10 19 10 Europe 140 75 266 137 Asia - - 3 - Other 14 37 30 74 Total $ 8,121 $ 6,843 $ 15,804 $ 13,360 Total net revenues $ 8,121 $ 6,843 $ 15,804 $ 13,360

Net Income Per Share

Net Income Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Net Income Per Share	5. Net Income Per Share Basic net income per share has been computed on the basis of the weighted average number of shares of common stock outstanding. In periods when the Company reported a net loss from continuing operations, there were no differences between average shares used to compute basic and diluted loss per share as inclusion of stock options and restricted stock units would have been anti-dilutive in those periods. The weighted average number of shares outstanding for the basic and diluted net income per share for the periods prior to the completion of the IPO is based on the number of shares of the Company’s common stock outstanding on May 15, 2023, the effective date of the registration statement relating to the IPO. The following table summarizes the weighted average shares used to compute basic and diluted net loss per share (in thousands): Schedule of Earnings Per Share Basic and Diluted 2024 2023 2024 2023 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Weighted average shares outstanding: Basic weighted average shares outstanding 7,904 6,553 7,891 6,278 Dilutive effect of stock options and certain non-vested restricted stock units - - - - Diluted weighted average shares outstanding 7,904 6,553 7,891 6,278

Inventories

Inventories	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Inventories	6. Inventories Inventories consisted of the following (in thousands): Schedule of Inventories June 30, December 31, 2023 Raw materials and components $ - $ - Work in process 10 6 Finished goods 2,538 1,476 Total Inventories $ 2,548 $ 1,482 The inventory balances are net of reserves of approximately $ 0.4 Schedule of Inventory Reserve Inventory reserve balance at December 31, 2023 $ 384 Inventory write-offs during 2024 25 Benefit from inventory reserve during 2024 (38 ) Inventory reserve balance at June 30, 2024 $ 371

Property, Plant and Equipment,

Property, Plant and Equipment, Net	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, Net	7. Property, Plant and Equipment, Net Property, plant and equipment, net consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands): Schedule of Property, Plant and and Equipment June 30, December 31, 2023 Buildings and improvements $ 420 $ 418 Machinery and other equipment 671 654 Office furniture and fixtures 190 190 Total properties, cost 1,281 1,262 Less: accumulated depreciation (852 ) (775 ) Property, plant and equipment, net $ 429 $ 487

Accrued Expenses

Accrued Expenses	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Accrued Expenses	8. Accrued Expenses Accrued expenses consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands): Schedule of Accrued Expenses June 30, December 31, 2023 Employee-related $ 984 $ 972 Warranty obligation 33 62 Interest and taxes 208 199 Legal and professional fees 498 381 Other 579 98 Total $ 2,302 $ 1,712

Debt

Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	9. Debt Short-term debt and long-term debt consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands): Schedule of Short-Term Debt and Long-Term Debt June 30, December 31, 2023 Short-term debt: Revolving credit facility $ - $ - Insurance debt 43 18 Total short-term debt $ 43 $ 18 Long-term debt: Tenant improvement loan $ 108 $ 126 ICS promissory note 329 445 Total long-term debt $ 437 $ 571 Less: current portion (271 ) (270 ) Long-term debt, net of current portion $ 166 $ 301 Installment Loans and Revolving Credit Facility In January 2023, Strong/MDI and Canadian Imperial Bank of Commerce (“CIBC”) entered into a demand credit agreement (the “2023 Credit Agreement”), which amended and restated the 2021 Credit Agreement. The 2023 Credit Agreement consists of a revolving line of credit for up to CAD$ 5.0 million and a 20 -year installment loan for up to CAD$ 3.1 million. Under the 2023 Credit Agreement: (i) the amount outstanding under the line of credit is payable on demand and bears interest at the lender’s prime rate plus 1.0 % and (ii) the amount outstanding under the 20 0.5 % and is payable in monthly installments, including interest, over their respective borrowing periods. The lender may also demand repayment of the 20 20 -year installment note did not transfer to the Company. In May 2023, Strong/MDI and CIBC entered into an amendment to the 2023 Credit Agreement which reduced the amount available under the revolving line of credit to CAD$ 3.4 million, and CIBC provided an undertaking to Strong/MDI to a release of CIBC’s security interest in certain assets to be transferred to a subsidiary in connection with transactions related to the IPO. On January 19, 2024, the Company entered into a new demand credit agreement with CIBC. The agreement consists of a demand operating credit and a business credit card facility. Under the demand operating credit, with certain conditions, the credit limit is the lesser of (a) CAD$ 6.0 (i) 80% of Receivable Value, which includes all North American accounts receivable of Strong/MDI and STS, and (ii) 50% of Inventory Value, but in no event may the amount in this clause (ii) exceed $1.5 million, minus (iii) all Priority Claims (as defined in the demand credit agreement). 4.0 2.9 8.2 Tenant Improvement Loan During the fourth quarter of 2021, the Company entered into a lease for a combined office and warehouse in Omaha, Nebraska. The Company incurred total costs of approximately $ 0.4 50 0.2 0.1 0.2 0.1 ICS Promissory Note STS issued a $ 0.5 The promissory note will be repaid in monthly installments through November 2025 5 Contractual Principal Payments Contractual required principal payments on the Company’s long-term debt at June 30, 2024, are as follows (in thousands): Schedule of Contractual Principal Payments Remainder of 2024 $ 135 2025 253 2026 42 2027 7 Total $ 437

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases
Leases	10. Leases The following tables present the Company’s lease costs and other lease information (dollars in thousands): Schedule of Lease Costs and Other Lease Information June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Lease cost Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Finance lease cost: Amortization of right-of-use assets $ 65 $ 29 $ 130 $ 63 Interest on lease liabilities 26 14 53 25 Operating lease cost 54 22 119 40 Net lease cost $ 145 $ 65 $ 302 $ 128 June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Other information Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 26 $ 14 $ 53 $ 25 Operating cash flows from operating leases $ 50 $ 19 $ 100 $ 38 Financing cash flows from finance leases $ 62 $ 35 $ 124 $ 60 As of June 30, 2024 Weighted-average remaining lease term - finance leases (years) 1.9 Weighted-average remaining lease term - operating leases (years) 2.0 Weighted-average discount rate - finance leases 9.3 % Weighted-average discount rate - operating leases 5.6 % The following table presents a maturity analysis of the Company’s operating and finance lease liabilities as of June 30, 2024 (in thousands): Schedule of Operating and Finance Lease Liabilities Operating Leases Finance Leases Remainder of 2024 $ 100 $ 176 2025 131 600 2026 81 468 2027 14 - Total lease payments 326 1,244 Less: Amount representing interest (17 ) (144 ) Present value of lease payments 309 1,100 Less: Current maturities (180 ) (264 ) Lease obligations, net of current portion $ 129 $ 836

Income and Other Taxes

Income and Other Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income and Other Taxes	11. Income and Other Taxes In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income. The Company considers the scheduled reversal of taxable temporary differences, projected future taxable income and tax planning strategies in making this assessment. A cumulative loss in a particular tax jurisdiction in recent years is a significant piece of evidence with respect to the realizability that is difficult to overcome. Based on the available objective evidence, including recent updates to the taxing jurisdictions generating income, the Company concluded that a valuation allowance should be recorded against all of the Company’s U.S. tax jurisdiction deferred tax assets as of June 30, 2024 and December 31, 2023. Changes in tax laws may affect recorded deferred tax assets and liabilities and our effective tax rate in the future. In March 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted and made significant changes to Federal tax laws, including certain changes that were retroactive to the 2019 tax year. The effects of these changes relate to deferred tax assets and net operating losses; all of which are offset by valuation allowance. There were no material income tax consequences of this enacted legislation on the reporting period of these financial statements. The Company is subject to possible examinations not yet initiated for Federal purposes for the fiscal years 2020 through 2022. The Company is also subject to possible examinations for state and local purposes. In most cases, these examinations in the state and local jurisdictions remain open based on the particular jurisdiction’s statute of limitations.

Stock Based Compensation

Stock Based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock Based Compensation	12. Stock Based Compensation The Company recognizes compensation expense for all stock-based payment awards based on estimated grant date fair values. Stock-based compensation expense included in selling and administrative expenses approximated $ 0.1 0.8 The Company’s 2023 Share Compensation Plan (the “Plan”) was approved by the Compensation Committee of the Board of Directors with the discretion to grant stock options, stock appreciation rights, restricted shares, restricted stock units, performance shares, performance units and other stock- based awards and cash-based awards. Vesting terms vary with each grant and may be subject to vesting upon a “change in control” of the Company. As of June 30, 2023, approximately 0.5 Stock Options The Company did not grant any stock options during the six months ended June 30, 2024. The following table summarizes stock option activity for the six months ended June 30, 2024: Schedule of Stock Option Number of Options Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value (in thousands) Outstanding at December 31, 2023 156,000 $ 3.11 9.4 $ - Granted - Exercised - Forfeited (12,500 ) 3.11 Expired - Outstanding at June 30, 2024 143,500 $ 3.11 8.9 $ - Exercisable at June 30, 2024 - $ - - $ - The aggregate intrinsic value in the table above represents the total that would have been received by the option holders if all in-the-money options had been exercised and sold on the date indicated. As of June 30, 2024, 143,500 0.2 3.9 Restricted Stock Units The Company estimates the fair value of restricted stock awards based upon the closing price of the underlying common stock on the date of grant. The following table summarizes restricted stock unit activity for the six months ended June 30, 2024: Summary of Restricted Stock Units Activity Number of Restricted Stock Units Weighted Average Grant Date Fair Value Non-vested at December 31, 2023 174,000 $ 3.52 Granted 66,664 1.50 Shares vested (66,332 ) 3.69 Shares forfeited (25,000 ) 3.11 Non-vested at June 30, 2024 149,332 $ 3.58 As of June 30, 2024, the total unrecognized compensation cost related to non-vested restricted stock unit awards was approximately $ 0.4 2.0

Commitments, Contingencies and

Commitments, Contingencies and Concentrations	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Concentrations	13. Commitments, Contingencies and Concentrations Litigation The Company is involved, from time to time, in certain legal disputes in the ordinary course of business. No such disputes, individually or in the aggregate, are expected to have a material effect on the Company’s business or financial condition. Fundamental Global is named as a defendant in personal injury lawsuits based on alleged exposure to asbestos-containing materials. A majority of the cases involve product liability claims based principally on allegations of past distribution of commercial lighting products containing wiring that may have contained asbestos. Each case names dozens of corporate defendants in addition to Fundamental Global. In Fundamental Global’s experience, a large percentage of these types of claims have never been substantiated and have been dismissed by the courts. Fundamental Global has not suffered any adverse verdict in a trial court proceeding related to asbestos claims and intends to continue to defend these lawsuits. Under the Fundamental Global Asset Purchase Agreement, the Company agreed to indemnify Fundamental Global for future losses, if any related to current product liability or personal injury claims arising out of products sold or distributed in the U.S. by the operations of the businesses being transferred to the Company in the Separation, in an aggregate amount not to exceed $ 250,000 0.2 0.1 0.1 On April 29, 2024, Ravenwood-Productions LLC (“Ravenwood”) and Kevin V. Duncan (“Duncan” and, together with Ravenwood, the “Plaintiffs”) filed a civil complaint (the “Complaint”) against the Company, certain affiliated entities, and certain current and former employees, officers and directors of the Company (collectively, the “Defendants”) in the United States District Court for the Central District of California. The Complaint claimed seven causes of action, each claim against some, or all, of the Defendants. In July 2024, the Company entered into an agreement resulting in the settlement and dismissal of the Complaint. In connection with the settlement and dismissal, the Company did not make any cash payments to the Plaintiffs. In addition, the Company maintained a right to receive distributions to recover our investment and to participate in series profits (if any). Concentrations The Company’s top ten customers accounted for approximately 45 44 61 10 Financial instruments that potentially expose the Company to a concentration of credit risk principally consist of accounts receivable. The Company sells product to a large number of customers in many different geographic regions. To minimize credit risk, the Company performs ongoing credit evaluations of its customers’ financial condition.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	14. Related Party Transactions Related Party Transactions In connection with the IPO, the Company and Fundamental Global entered into a management services agreement that provides a framework for our ongoing relationship with Fundamental Global. Fundamental Global and its subsidiaries and we and our subsidiaries, provide each other certain services which include information technology, legal, finance and accounting, human resources, tax, treasury, and other services. Pursuant to the Management Services Agreement, the charges for these services are generally based on their actual cost basis. Strong/MDI manufactures its screens in an approximately 80,000

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The condensed consolidated financial statements include the accounts of the Company and all majority-owned and controlled domestic and foreign subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. These condensed consolidated financial statements are presented in accordance with the requirements of interim financial data and consequently do not include all of the disclosures normally required by GAAP for annual reporting purposes, such as those made in the Company’s audited financial statements Company’s Annual Report on Form 10-K. The results for interim periods are not necessarily indicative of trends or results expected for a full fiscal year. The condensed consolidated balance sheet as of December 31, 2023, was derived from the Company’s audited consolidated balance sheet as of that date. All other condensed consolidated financial statements contained herein are unaudited and, in the opinion of management, reflect all adjustments of a normal recurring nature necessary to present a fair statement of the financial position and the results of operations and cash flows for the respective interim periods. In May 2023, the Company became a standalone publicly traded company, and its financial statements post-Separation are prepared on a consolidated basis. The combined financial statements for all periods presented prior to the Separation (see below for additional information) are now also referred to as “condensed consolidated financial statements.” In connection with the Separation, the Company’s assets and liabilities were transferred to the Company on a carry-over (historical cost) basis. The Company’s fiscal year begins on January 1 of the year stated and ends on December 31 of the same year. Unless otherwise indicated, all references to “dollars” and “$” in this Quarterly Report on Form 10-Q are to, and amounts are presented in, U.S. dollars. For Periods Prior to the Separation Prior to the Separation, the Company’s financial statements were derived from the condensed consolidated financial statements and accounting records of Fundamental Global as if Strong Global Entertainment had operated on a stand-alone basis during the periods presented and were prepared in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”) and pursuant to the regulations of the U.S. Securities and Exchange Commission. Accordingly, Fundamental Global historically reported the financial position and the related results of operations, cash flows and changes in equity of Strong Global Entertainment as a component of Fundamental Global’s condensed consolidated financial statements. Prior to the Separation, the historical results of operations included allocations of Fundamental Global’s costs and expenses including Fundamental Global’s corporate function which incurred a variety of expenses including, but not limited to, information technology, human resources, accounting, sales and sales operations, procurement, executive services, legal, corporate finance and communications. P Strong Global Entertainment did not operate as a stand-alone company. For periods prior to the Separation, Strong Global Entertainment employees also historically participated in Fundamental Global’s stock-based incentive plans, in the form of restricted stock units (“RSUs”) and stock options issued pursuant to Fundamental Global’s employee stock plan. Stock-based compensation expense has been directly reported by Strong Global Entertainment based on the awards and terms previously granted to Fundamental Global’s employees. Allocations for management costs and corporate support services provided to Strong Global Entertainment prior to the Separation totaled $ 0.1 0.3 The operations of the Company are included in the consolidated U.S. federal, and certain state and local and foreign income tax returns filed by Fundamental Global, where applicable. Income tax expense and other income tax related information contained in the financial statements prior to the Separation are presented on a separate return basis as if Strong Global Entertainment had filed its own tax returns.
Use of Management Estimates	Use of Management Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results and changes in facts and circumstances may alter such estimates and affect results of operations and financial position in future periods. The coronavirus pandemic (“COVID-19”) had an unprecedented impact to consumer behaviors and our customers, particularly our customers’ ability and willingness to purchase our products and services. The Company believes that consumer reticence to engage in outside-the-home activities, caused by the risk of contracting COVID-19, has abated, and our customers have resumed more typical, pre-COVID-19 purchasing behaviors. And while we believe our customers made significant progress in its recovery from the pandemic, the impact of COVID-19 on inflation and supply chains and the continued economic recovery will be contingent upon several key factors, including the volume of new film content available, the box office performance of new film content released, the duration of the exclusive theatrical release window, and evolving consumer behavior with competition from other forms of in- and out-of-home entertainment. There can be no assurances that there will be no additional public health crises, including further resurgence or variants of COVID-19, which could reverse the current trend and have a negative impact on the Company’s results of operations. Our results of operations in future periods may continue to be adversely impacted by inflationary pressures and global supply chain issues, and other negative effects on global economic conditions.
Cash and Cash Equivalents	Cash and Cash Equivalents All short-term, highly liquid financial instruments are classified as cash equivalents in the condensed consolidated balance sheets and statements of cash flows. Generally, these instruments have maturities of three months or less from date of purchase.
Accounts Receivable	Accounts Receivable Trade accounts receivable are recorded at the invoiced amount and do not bear interest. Management determines the allowance for expected credit losses based on several factors, including overall customer credit quality, historical write-off experience and a specific analysis that projects the ultimate collectability of the account. As such, these factors may change over time causing the allowance level and provision for expected credit losses to be adjusted accordingly. The accounts receivable balances on the condensed consolidated balance sheets are net of an allowance for expected credit losses of $ 0.1 40
Income Taxes	Income Taxes Income taxes are accounted for under the asset and liability method. The Company uses an estimate of its annual effective rate at each interim period based on the facts and circumstances at the time while the actual effective rate is calculated at year-end. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. In assessing whether the deferred tax assets are realizable, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company’s uncertain tax positions are evaluated in a two-step process, whereby 1) the Company determines whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position and 2) for those tax positions that meet the more likely than not recognition threshold, the Company would recognize the largest amount of tax benefit that is greater than fifty percent likely to be realized upon ultimate settlement with the related tax authority. The Company accrues interest and penalties related to uncertain tax positions in the condensed consolidated statements of operations as income tax expense.
Stock Compensation Plans	Stock Compensation Plans Prior to the Separation, the Company’s employees participated in Fundamental Global’s stock-based compensation plans. Stock-based compensation expense has been allocated to the Company based on the awards and terms previously granted to Fundamental Global’s employees. The Company measures stock-based compensation at the grant date based on the fair value of the award. The fair value of stock options is estimated using the Black-Scholes option pricing model. Estimated compensation cost relating to RSUs is based on the closing fair market value of the underlying common stock on the date of grant. The Company uses the straight-line amortization method over the vesting period of the awards. The Company has historically issued shares upon exercise of stock options or vesting of restricted stock from new stock issuances. No stock-based compensation cost was capitalized as a part of inventory during the three and six months ended June 30, 2024 and June 30, 2023.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Assets and liabilities measured at fair value are categorized into a fair value hierarchy based upon the observability of inputs to the valuation of an asset or liability as of the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. The categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three categories: ● Level 1 – inputs to the valuation techniques are quoted prices in active markets for identical assets or liabilities ● Level 2 – inputs to the valuation techniques are other than quoted prices but are observable for the assets or liabilities, either directly or indirectly ● Level 3 – inputs to the valuation techniques are unobservable for the assets or liabilities The following tables present the Company’s financial assets measured at fair value based upon the level within the fair value hierarchy in which the fair value measurements are classified, as of June 30, 2024 and December 31, 2023. Fair values measured on a recurring basis at June 30, 2024 (in thousands): Schedule of Fair Values Measured on Recurring Basis Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 3,483 $ - $ - $ 3,483 Total $ 3,483 $ - $ - $ 3,483 Fair values measured on a recurring basis at December 31, 2023 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 4,822 $ - $ - $ 4,822 Total $ 4,822 $ - $ - $ 4,822 The Company’s short-term debt is recorded at historical cost. The carrying values of all other financial assets and liabilities, including accounts receivable, accounts payable, and short-term debt reported in the condensed consolidated balance sheets equal or approximate their fair values due to the short-term nature of these instruments. All non-financial assets that are not recognized or disclosed at fair value in the financial statements on a recurring basis, which include non-financial long-lived assets, are measured at fair value in certain circumstances (for example, when there is evidence of impairment).
Leases	Leases The Company and its subsidiaries lease warehouse and office facilities and equipment under operating and finance leases expiring through 2037. The Company determines if a contract is or contains a lease at inception or modification of a contract. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. Control over the use of the identified asset means the lessee has both (a) the right to obtain substantially all of the economic benefits from the use of the asset and (b) the right to direct the use of the asset. Right-of-use assets and liabilities are recognized based on the present value of future minimum lease payments over the expected lease term at commencement date. Certain of the leases contain extension options; however, the Company has not included such options as part of its right-of-use assets and lease liabilities because it does not expect to extend the leases. The Company measures and records a right-of-use asset and lease liability based on the discount rate implicit in the lease, if known. In cases where the discount rate implicit in the lease is not known, the Company measures the right-of-use assets and lease liabilities using a discount rate equal to the Company’s estimated incremental borrowing rate for loans with similar collateral and duration. The Company elected to not apply the recognition requirements of Accounting Standards Codification Topic 842, “Leases,” to leases of all classes of underlying assets that, at the commencement date, have a lease term of 12 months or less and do not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise. Instead, lease payments for such short-term leases are recognized in operations on a straight-line basis over the lease term and variable lease payments in the period in which the obligation for those payments is incurred. The Company elected, as a lessee, for all classes of underlying assets, to not separate nonlease components from lease components and instead to account for each separate lease component and the nonlease components associated with that lease component as a single lease component.
Recent Issued Accounting Pronouncements	Recent Issued Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which will add required disclosures of significant expenses for each reportable segment, as well as certain other disclosures to help investors understand how the chief operating decision maker (“CODM”) evaluates segment expenses and operating results. The new standard will also allow disclosure of multiple measures of segment profitability, if those measures are used to allocate resources and assess performance. The amendments will be effective for public companies for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact of this accounting standard update on our consolidated financial statements. In December 2023, the Financial Accounting Standards Board issued ASU 2023-09, Improvements to Income Tax Disclosures. The ASU requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as additional information on income taxes paid. The ASU is effective on a prospective basis for annual periods beginning after December 15, 2024, with early adoption permitted. The new ASU will not impact amounts recorded in the Company’s financial statements but instead, will require more detailed disclosures in the footnotes to the financial statements. The Company plans to provide the updated disclosures required by the ASU in the periods in which they are effective.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of Fair Values Measured on Recurring Basis	Fair values measured on a recurring basis at June 30, 2024 (in thousands): Schedule of Fair Values Measured on Recurring Basis Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 3,483 $ - $ - $ 3,483 Total $ 3,483 $ - $ - $ 3,483 Fair values measured on a recurring basis at December 31, 2023 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 4,822 $ - $ - $ 4,822 Total $ 4,822 $ - $ - $ 4,822

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Assets and Liabilities Included as Part of Discontinued Operations	The major classes of assets and liabilities included as part of discontinued operations are as follows (in thousands): Schedule of Assets and Liabilities Included as Part of Discontinued Operations June 30, 2024 December 31, 2023 Strong/MDI Strong Studios Total Strong/MDI Strong Studios Total Cash $ 484 $ - $ 484 $ 649 $ - $ 649 Accounts receivable, net 2,919 - 2,919 2,948 27 2,975 Inventories 2,460 - 2,460 2,598 - 2,598 Other current assets 640 - 640 743 7 750 Property, plant and equipment, net 987 - 987 1,105 - 1,105 Operating lease right-of-use assets 4,334 - 4,334 4,443 - 4,443 Goodwill and intangible assets 906 - 906 903 - 903 Film & TV programming rights - - - - 906 906 Total assets of discontinued operations $ 12,730 $ - $ 12,730 $ 13,389 $ 940 $ 14,329 Accounts payable and accrued expenses $ 1,836 $ - $ 1,836 $ 2,376 $ 1,321 $ 3,697 Deferred revenue and customer deposits 304 - 304 469 - 469 Short-term debt 2,895 - 2,895 2,438 - 2,438 Long-term debt - - - - 71 71 Operating lease obligations 4,361 - 4,361 4,458 - 4,458 Deferred income tax liabilities, net 107 - 107 125 - 125 Total liabilities of discontinued operations $ 9,503 $ - $ 9,503 $ 9,866 $ 1,392 $ 11,258
Schedule of Net Loss From Discontinued Operations	The major line items constituting the net loss from discontinued operations are as follows (in thousands): Schedule of Net Loss From Discontinued Operations Strong/MDI Strong Studios Total Strong/MDI Strong Studios Total Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Strong/MDI Strong Studios Total Strong/MDI Strong Studios Total Net revenues $ 3,940 $ - $ 3,940 $ 4,617 $ 6,379 $ 10,996 Cost of revenues 2,358 110 2,468 2,763 1,985 4,748 Gross profit 1,582 (110 ) 1,472 1,854 4,394 6,248 Selling and administrative expenses 1,145 204 1,349 899 3,600 4,499 Income (loss) from operations 437 (314 ) 123 955 794 1,749 Other expense 62 - 62 (487 ) - (487 ) Income (loss) from discontinued operations before taxes 499 (314 ) 185 468 794 1,262 Income tax expense (35 ) - (35 ) (369 ) - (369 ) Net income (loss) from discontinued operations $ 464 $ (314 ) $ 150 $ 99 $ 794 $ 893 Strong/MDI Strong Studios Total Strong/MDI Strong Studios Total Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Strong/MDI Strong Studios Total Strong/MDI Strong Studios Total Net revenues $ 7,327 $ - $ 7,327 $ 8,051 $ 6,379 $ 14,430 Cost of revenues 4,394 205 4,599 4,895 1,985 6,880 Gross profit 2,933 (205 ) 2,728 3,156 4,394 7,550 Selling and administrative expenses 1,783 131 1,914 1,595 3,792 5,387 Loss (gain) on disposal of assets 2 - 2 - (1 ) (1 ) Income (loss) from operations 1,148 (336 ) 812 1,561 603 2,164 Other income (expense) 141 - 141 (407 ) - (407 ) Income (loss) from discontinued operations before taxes 1,289 (336 ) 953 1,154 603 1,757 Income tax expense (168 ) - (168 ) (63 ) - (63 ) Net income (loss) from discontinued operations $ 1,121 $ (336 ) $ 785 $ 1,091 $ 603 $ 1,694

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following tables disaggregate the Company’s revenue by major source for the three and six months ended June 30, 2024 and 2023 (in thousands): Schedule of Disaggregation of Revenue Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Screen system sales $ 63 $ 52 $ 103 $ 123 Digital equipment sales 4,356 3,537 8,594 7,063 Extended warranty sales 30 49 87 100 Other product sales 333 156 633 278 Total product sales 4,782 3,794 9,417 7,564 Field maintenance and monitoring services 1,896 1,912 3,806 3,803 Installation services 1,236 1,038 2,172 1,840 Other service revenues 207 99 409 153 Total service revenues 3,339 3,049 6,387 5,796 Total $ 8,121 $ 6,843 $ 15,804 $ 13,360 Total revenue $ 8,121 $ 6,843 $ 15,804 $ 13,360
Schedule of Disaggregation of Revenue by Timing of Transfer of Goods or Services	The following tables disaggregate the Company’s revenue by the timing of transfer of goods or services to the customer for the three and six months ended June 30, 2024 and 2023 (in thousands): Schedule of Disaggregation of Revenue by Timing of Transfer of Goods or Services Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Point in time $ 6,527 $ 5,316 $ 12,613 $ 10,312 Over time 1,594 1,527 3,191 3,048 Total $ 8,121 $ 6,843 $ 15,804 $ 13,360 Total revenue $ 8,121 $ 6,843 $ 15,804 $ 13,360
Schedule of Revenue by Geographical Area	The following tables summarize the Company’s revenue by geographic area for the three and six months ended June 30, 2024 and 2023 (in thousands): Schedule of Revenue by Geographical Area Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 United States $ 7,955 $ 6,721 $ 15,486 $ 13,139 Canada 12 10 19 10 Europe 140 75 266 137 Asia - - 3 - Other 14 37 30 74 Total $ 8,121 $ 6,843 $ 15,804 $ 13,360 Total net revenues $ 8,121 $ 6,843 $ 15,804 $ 13,360

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Basic and Diluted	Schedule of Earnings Per Share Basic and Diluted 2024 2023 2024 2023 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Weighted average shares outstanding: Basic weighted average shares outstanding 7,904 6,553 7,891 6,278 Dilutive effect of stock options and certain non-vested restricted stock units - - - - Diluted weighted average shares outstanding 7,904 6,553 7,891 6,278

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consisted of the following (in thousands): Schedule of Inventories June 30, December 31, 2023 Raw materials and components $ - $ - Work in process 10 6 Finished goods 2,538 1,476 Total Inventories $ 2,548 $ 1,482
Schedule of Inventory Reserve	Schedule of Inventory Reserve Inventory reserve balance at December 31, 2023 $ 384 Inventory write-offs during 2024 25 Benefit from inventory reserve during 2024 (38 ) Inventory reserve balance at June 30, 2024 $ 371

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and and Equipment	Property, plant and equipment, net consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands): Schedule of Property, Plant and and Equipment June 30, December 31, 2023 Buildings and improvements $ 420 $ 418 Machinery and other equipment 671 654 Office furniture and fixtures 190 190 Total properties, cost 1,281 1,262 Less: accumulated depreciation (852 ) (775 ) Property, plant and equipment, net $ 429 $ 487

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands): Schedule of Accrued Expenses June 30, December 31, 2023 Employee-related $ 984 $ 972 Warranty obligation 33 62 Interest and taxes 208 199 Legal and professional fees 498 381 Other 579 98 Total $ 2,302 $ 1,712

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Short-Term Debt and Long-Term Debt	Short-term debt and long-term debt consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands): Schedule of Short-Term Debt and Long-Term Debt June 30, December 31, 2023 Short-term debt: Revolving credit facility $ - $ - Insurance debt 43 18 Total short-term debt $ 43 $ 18 Long-term debt: Tenant improvement loan $ 108 $ 126 ICS promissory note 329 445 Total long-term debt $ 437 $ 571 Less: current portion (271 ) (270 ) Long-term debt, net of current portion $ 166 $ 301
Schedule of Contractual Principal Payments	Contractual required principal payments on the Company’s long-term debt at June 30, 2024, are as follows (in thousands): Schedule of Contractual Principal Payments Remainder of 2024 $ 135 2025 253 2026 42 2027 7 Total $ 437

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases
Schedule of Lease Costs and Other Lease Information	The following tables present the Company’s lease costs and other lease information (dollars in thousands): Schedule of Lease Costs and Other Lease Information June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Lease cost Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Finance lease cost: Amortization of right-of-use assets $ 65 $ 29 $ 130 $ 63 Interest on lease liabilities 26 14 53 25 Operating lease cost 54 22 119 40 Net lease cost $ 145 $ 65 $ 302 $ 128 June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Other information Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 26 $ 14 $ 53 $ 25 Operating cash flows from operating leases $ 50 $ 19 $ 100 $ 38 Financing cash flows from finance leases $ 62 $ 35 $ 124 $ 60 As of June 30, 2024 Weighted-average remaining lease term - finance leases (years) 1.9 Weighted-average remaining lease term - operating leases (years) 2.0 Weighted-average discount rate - finance leases 9.3 % Weighted-average discount rate - operating leases 5.6 %
Schedule of Operating and Finance Lease Liabilities	The following table presents a maturity analysis of the Company’s operating and finance lease liabilities as of June 30, 2024 (in thousands): Schedule of Operating and Finance Lease Liabilities Operating Leases Finance Leases Remainder of 2024 $ 100 $ 176 2025 131 600 2026 81 468 2027 14 - Total lease payments 326 1,244 Less: Amount representing interest (17 ) (144 ) Present value of lease payments 309 1,100 Less: Current maturities (180 ) (264 ) Lease obligations, net of current portion $ 129 $ 836

Stock Based Compensation (Table

Stock Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option	The Company did not grant any stock options during the six months ended June 30, 2024. The following table summarizes stock option activity for the six months ended June 30, 2024: Schedule of Stock Option Number of Options Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value (in thousands) Outstanding at December 31, 2023 156,000 $ 3.11 9.4 $ - Granted - Exercised - Forfeited (12,500 ) 3.11 Expired - Outstanding at June 30, 2024 143,500 $ 3.11 8.9 $ - Exercisable at June 30, 2024 - $ - - $ -
Summary of Restricted Stock Units Activity	Summary of Restricted Stock Units Activity Number of Restricted Stock Units Weighted Average Grant Date Fair Value Non-vested at December 31, 2023 174,000 $ 3.52 Granted 66,664 1.50 Shares vested (66,332 ) 3.69 Shares forfeited (25,000 ) 3.11 Non-vested at June 30, 2024 149,332 $ 3.58

Schedule of Fair Values Measure

Schedule of Fair Values Measured on Recurring Basis (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	$ 3,483	$ 4,822
Total	3,483	4,822
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	3,483	4,822
Total	3,483	4,822
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents
Total
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents
Total

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Management costs and corporate support services	$ 100	$ 300
Accounts receivable, allowance for expected credit losses			$ 53	$ 40

Schedule of Assets and Liabilit

Schedule of Assets and Liabilities Included as Part of Discontinued Operations (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash	$ 484	$ 649
Accounts receivable, net	2,919	2,975
Inventories	2,460	2,598
Other current assets	640	750
Property, plant and equipment, net	987	1,105
Operating lease right-of-use assets	4,334	4,443
Goodwill and intangible assets	906	903
Film & TV programming rights		906
Total assets of discontinued operations	12,730	14,329
Accounts payable and accrued expenses	1,836	3,697
Deferred revenue and customer deposits	304	469
Short-term debt	2,895	2,438
Long-term debt		71
Operating lease obligations	4,361	4,458
Deferred income tax liabilities, net	107	125
Total liabilities of discontinued operations	9,503	11,258
MDI [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash	484	649
Accounts receivable, net	2,919	2,948
Inventories	2,460	2,598
Other current assets	640	743
Property, plant and equipment, net	987	1,105
Operating lease right-of-use assets	4,334	4,443
Goodwill and intangible assets	906	903
Film & TV programming rights
Total assets of discontinued operations	12,730	13,389
Accounts payable and accrued expenses	1,836	2,376
Deferred revenue and customer deposits	304	469
Short-term debt	2,895	2,438
Long-term debt
Operating lease obligations	4,361	4,458
Deferred income tax liabilities, net	107	125
Total liabilities of discontinued operations	9,503	9,866
Strong Studios [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash
Accounts receivable, net		27
Inventories
Other current assets		7
Property, plant and equipment, net
Operating lease right-of-use assets
Goodwill and intangible assets
Film & TV programming rights		906
Total assets of discontinued operations		940
Accounts payable and accrued expenses		1,321
Deferred revenue and customer deposits
Short-term debt
Long-term debt		71
Operating lease obligations
Deferred income tax liabilities, net
Total liabilities of discontinued operations		$ 1,392

Schedule of Net Loss From Disco

Schedule of Net Loss From Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues	$ 3,940	$ 10,996	$ 7,327	$ 14,430
Cost of revenues	2,468	4,748	4,599	6,880
Gross profit	1,472	6,248	2,728	7,550
Selling and administrative expenses	1,349	4,499	1,914	5,387
Income (loss) from operations	123	1,749	812	2,164
Other income (expense)	62	(487)	141	(407)
Income (loss) from discontinued operations before taxes	185	1,262	953	1,757
Income tax expense	(35)	(369)	(168)	(63)
Net income (loss) from discontinued operations	150	893	785	1,694
Loss (gain) on disposal of assets			2	(1)
MDI [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues	3,940	4,617	7,327	8,051
Cost of revenues	2,358	2,763	4,394	4,895
Gross profit	1,582	1,854	2,933	3,156
Selling and administrative expenses	1,145	899	1,783	1,595
Income (loss) from operations	437	955	1,148	1,561
Other income (expense)	62	(487)	141	(407)
Income (loss) from discontinued operations before taxes	499	468	1,289	1,154
Income tax expense	(35)	(369)	(168)	(63)
Net income (loss) from discontinued operations	464	99	1,121	1,091
Loss (gain) on disposal of assets			2
Strong Studios [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues		6,379		6,379
Cost of revenues	110	1,985	205	1,985
Gross profit	(110)	4,394	(205)	4,394
Selling and administrative expenses	204	3,600	131	3,792
Income (loss) from operations	(314)	794	(336)	603
Other income (expense)
Income (loss) from discontinued operations before taxes	(314)	794	(336)	603
Income tax expense
Net income (loss) from discontinued operations	$ (314)	$ 794	(336)	603
Loss (gain) on disposal of assets				$ (1)

Discontinued Operations (Detail

Discontinued Operations (Details Narrative) - USD ($) $ in Thousands		6 Months Ended
	May 03, 2024	Jun. 30, 2024	Dec. 31, 2023
Adjusted carrying value of assets and liabilities		$ 0
Stock Purchase Agreement [Member]
Sales price		600
Purchase price		$ 600
Discontinued operation settlement, description		The first installment payment was due in February 2024, but the payment has not been received from the purchaser, and management is uncertain if the cash purchase price will ultimately be received. As a result, the Company has adjusted the carrying value of the net assets related to Strong Studios to $0.
Adjusted carrying value of assets and liabilities		$ 0
MDI Acquisition [Member]
Equity value	$ 30,000
Issuance of private placement	$ 10,000
Issuance of common shares	338,560
MDI Acquisition [Member] | Saltire [Member]
Ownership interest	29.60%
Common Class B [Member]
Common stock, shares issued		100	100
Common stock, shares outstanding		100	100
Common Class B [Member] | FGAC [Member]
Common stock, shares issued	2,900,000
Common stock, shares outstanding	2,900,000

Schedule of Disaggregation of R

Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenue	$ 8,121	$ 6,843	$ 15,804	$ 13,360
Screen System Sales [Member]
Disaggregation of Revenue [Line Items]
Total revenue	63	52	103	123
Digital Equipment Sales [Member]
Disaggregation of Revenue [Line Items]
Total revenue	4,356	3,537	8,594	7,063
Extended Warranty Sales [Member]
Disaggregation of Revenue [Line Items]
Total revenue	30	49	87	100
Other Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total revenue	333	156	633	278
Product [Member]
Disaggregation of Revenue [Line Items]
Total revenue	4,782	3,794	9,417	7,564
Field Maintenance And Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Total revenue	1,896	1,912	3,806	3,803
Installation Services [Member]
Disaggregation of Revenue [Line Items]
Total revenue	1,236	1,038	2,172	1,840
Service, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenue	207	99	409	153
Service [Member]
Disaggregation of Revenue [Line Items]
Total revenue	$ 3,339	$ 3,049	$ 6,387	$ 5,796

Schedule of Disaggregation of_2

Schedule of Disaggregation of Revenue by Timing of Transfer of Goods or Services (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenue	$ 8,121	$ 6,843	$ 15,804	$ 13,360
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total revenue	6,527	5,316	12,613	10,312
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total revenue	$ 1,594	$ 1,527	$ 3,191	$ 3,048

Schedule of Revenue by Geograph

Schedule of Revenue by Geographical Area (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total net revenues	$ 8,121	$ 6,843	$ 15,804	$ 13,360
UNITED STATES
Disaggregation of Revenue [Line Items]
Total net revenues	7,955	6,721	15,486	13,139
CANADA
Disaggregation of Revenue [Line Items]
Total net revenues	12	10	19	10
Europe [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	140	75	266	137
Asia [Member]
Disaggregation of Revenue [Line Items]
Total net revenues			3
Other [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	$ 14	$ 37	$ 30	$ 74

Revenue (Details Narrative)

Revenue (Details Narrative) $ in Millions	Jun. 30, 2024 USD ($)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unearned revenue	$ 0.4
Immaterial 2024 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unearned revenue	$ 0.4

Schedule of Earnings Per Share

Schedule of Earnings Per Share Basic and Diluted (Details) - USD ($) shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Weighted average shares outstanding:
Basic weighted average shares outstanding	7,904	6,553	7,891	6,278
Dilutive effect of stock options and certain non-vested restricted stock units
Diluted weighted average shares outstanding	7,904	6,553	7,891	6,278

Schedule of Inventories (Detail

Schedule of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials and components
Work in process	10	6
Finished goods	2,538	1,476
Total Inventories	$ 2,548	$ 1,482

Schedule of Inventory Reserve (

Schedule of Inventory Reserve (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Inventory Disclosure [Abstract]
Inventory reserve balance at December 31, 2023	$ 384
Inventory write-offs during 2024	25
Benefit from inventory reserve during 2024	(38)
Inventory reserve balance at June 30, 2024	$ 371

Inventories (Details Narrative)

Inventories (Details Narrative) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Inventory, net of reserves	$ 0.4	$ 0.4

Schedule of Property, Plant and

Schedule of Property, Plant and and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Total properties, cost	$ 1,281	$ 1,262
Less: accumulated depreciation	(852)	(775)
Property, plant and equipment, net	429	487
Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Total properties, cost	420	418
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total properties, cost	671	654
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total properties, cost	$ 190	$ 190

Schedule of Accrued Expenses (D

Schedule of Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Employee-related	$ 984	$ 972
Warranty obligation	33	62
Interest and taxes	208	199
Legal and professional fees	498	381
Other	579	98
Total	$ 2,302	$ 1,712

Schedule of Short-Term Debt and

Schedule of Short-Term Debt and Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Short-Term Debt [Line Items]
Total short-term debt	$ 43	$ 18
Total long-term debt	437	571
Less: current portion	(271)	(270)
Long-term debt, net of current portion	166	301
Tenant Improvement Loan [Member]
Short-Term Debt [Line Items]
Total long-term debt	108	126
ICS Promissory Note [Member]
Short-Term Debt [Line Items]
Total long-term debt	329	445
Revolving Credit Facility [Member]
Short-Term Debt [Line Items]
Total short-term debt
Insurance Financing [Member]
Short-Term Debt [Line Items]
Total short-term debt	$ 43	$ 18

Schedule of Contractual Princip

Schedule of Contractual Principal Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Total	$ 437	$ 571
Contractual Principal Payments [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Remainder of 2024	135
2025	253
2026	42
2027	7
Total	$ 437

Debt (Details Narrative)

Debt (Details Narrative) $ in Thousands, $ in Millions		1 Months Ended	3 Months Ended				6 Months Ended
	Jan. 19, 2024 CAD ($)	Jan. 31, 2023 CAD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 CAD ($)	Nov. 30, 2023 USD ($)	May 31, 2023 CAD ($)
Line of Credit Facility [Line Items]
Lease cost			$ 145	$ 65		$ 400	$ 302	$ 128
Loan percentage						50%
Total costs to build out facility					$ 200	$ 200
Loan amount					$ 100	$ 100
Innovative Cinema Solutions LLC [Member]
Line of Credit Facility [Line Items]
Promissory note										$ 500
Periodic payments, description							The promissory note will be repaid in monthly installments through November 2025
Interest rate			5%				5%		5%
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Long-Term Debt, Term		20 years
Revolving Credit Facility [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate During Period		1%
Revolving Credit Facility [Member] | Line of Credit [Member] | Prime Rate [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate During Period		0.50%
Revolving Credit Facility [Member] | Demand Credit Agreement [Member]
Line of Credit Facility [Line Items]
Revolving line of credit	$ 6	$ 5	$ 2,900				$ 2,900		$ 4		$ 3.4
Long-Term Debt, Term		20 years
Debt Instrument, Periodic Payment		$ 3.1
Line of credit, description	(i) 80% of Receivable Value, which includes all North American accounts receivable of Strong/MDI and STS, and (ii) 50% of Inventory Value, but in no event may the amount in this clause (ii) exceed $1.5 million, minus (iii) all Priority Claims (as defined in the demand credit agreement).
Variable interest rate							8.20%
Revolving Credit Facility [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
Long-Term Debt, Term		20 years

Schedule of Lease Costs and Oth

Schedule of Lease Costs and Other Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2021	Jun. 30, 2024	Jun. 30, 2023
Leases
Amortization of right-of-use assets	$ 65	$ 29		$ 130	$ 63
Interest on lease liabilities	26	14		53	25
Operating lease cost	54	22		119	40
Net lease cost	145	65	$ 400	302	128
Operating cash flows from finance leases	26	14		53	25
Operating cash flows from operating leases	50	19		100	38
Financing cash flows from finance leases	$ 62	$ 35		$ 124	$ 60
Weighted-average remaining lease term - finance leases (years)	1 year 10 months 24 days			1 year 10 months 24 days
Weighted-average remaining lease term - operating leases (years)	2 years			2 years
Weighted-average discount rate - finance leases	9.30%			9.30%
Weighted-average discount rate - operating leases	5.60%			5.60%

Schedule of Operating and Finan

Schedule of Operating and Finance Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Operating leases Remainder of 2024	$ 100
Operating leases 2025	131
Operating leases 2026	81
Operating leases 2027	14
Operating leases,Total lease payments	326
Operating leases Less: Amount representing interest	(17)
Present value of lease payments	309
Operating leases Less: Current maturities	(180)	$ (183)
Lease obligations, net of current portion	129	216
Finance Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Finance leases Remainder of 2024	176
Finance leases 2025	600
Finance leases 2026	468
Finance leases 2027
Finance leases Total lease payments	1,244
Finance leases Less: Amount representing interest	(144)
Present value of lease payments	1,100
Finance leases Less: Current maturities	(264)	(253)
Lease obligations, net of current portion	$ 836	$ 971

Schedule of Stock Option (Detai

Schedule of Stock Option (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Options, Outstanding, Beginning Balance	156,000
Weighted average exercise price per share, Beginning Balance	$ 3.11
Weighted average remaining contractual term (Years), Ending Balance	8 years 10 months 24 days	9 years 4 months 24 days
Aggregate intrinsic value, Beginning Balance
Granted
Exercised
Forfeited	(12,500)
Weighted average exercise price per share, forfeited	$ 3.11
Expired
Options, Outstanding, Ending Balance	143,500	156,000
Weighted average exercise price per share, Ending Balance	$ 3.11	$ 3.11
Aggregate intrinsic value, Ending Balance
Exercisable, Outstanding Balance
Weighted average exercise price per share Exercisable, Ending Balance
Weighted average remaining contractual term (Years), Exercisable, Ending Balance	0 years
Aggregate intrinsic value Exercisable, Ending Balance

Summary of Restricted Stock Uni

Summary of Restricted Stock Units Activity (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Share-Based Payment Arrangement [Abstract]
Number of restricted stock units non vested, beginning balance | shares	174,000
Weighted average grant date fair value, beginning balance | $ / shares	$ 3.52
Number of restricted stock units, granted | shares	66,664
Weighted average grant date fair value, Restricted stock units granted | $ / shares	$ 1.50
Number of restricted stock units, share vested | shares	(66,332)
Weighted average grant date fair value, Restricted stock units vested | $ / shares	$ 3.69
Number of restricted stock units, share forfeited | shares	(25,000)
Weighted average grant date fair value, share forfeited | $ / shares	$ 3.11
Number of restricted stock unit non vested, ending balance | shares	149,332
Weighted average grant date fair value, ending balance | $ / shares	$ 3.58

Stock Based Compensation (Detai

Stock Based Compensation (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Selling and administrative expense	$ 1,866	$ 2,372	$ 3,588	$ 3,212
Shares available for issuance		500,000		500,000
Stock option non vested	143,500		143,500
Unrecognized compensation cost	$ 200		$ 200
Weighted average period			3 years 10 months 24 days
Restricted Stock Units (RSUs) [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Unrecognized compensation cost	$ 400		$ 400
Weighted average period			2 years
Selling, General and Administrative Expenses [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Selling and administrative expense			$ 100	$ 800

Commitments, Contingencies an_2

Commitments, Contingencies and Concentrations (Details Narrative)	3 Months Ended	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)
Product Information [Line Items]
Legal fees		$ 250,000
Loss contingency accrual	$ 200,000	200,000
Loss contingency accrual payments		100,000
Loss contingency estimate of potential losses	$ 100,000	$ 100,000
Revenue from Contract with Customer Benchmark [Member] | Customer Concentration Risk [Member] | 10 Customer [Member]
Product Information [Line Items]
Concentration risk percentage	45%	44%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | 10 Customer [Member]
Product Information [Line Items]
Concentration risk percentage		61%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | 10 Customer [Member]
Product Information [Line Items]
Concentration risk percentage		10%

Related Party Transactions (Det

Related Party Transactions (Details Narrative)	Jun. 30, 2024 ft²
Management Service Agreement [Member] | FG Holdings Quebec Inc [Member] | IPO [Member]
Related Party Transaction [Line Items]
Area of land	80,000