Company: CHUC
Filing Date: 2025-08-21
Form Type: 10-Q
Source: 0001437749-25-027482
Chunk: 8

Company: Charlie's Holdings, Inc.
Filing Date: 2025-08-21
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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539                          539      5 years                                        
  Leasehold improvements                          254                          254      Lesser of lease term or estimated useful life  
                                                1,036                        1,036                                                     
  Accumulated depreciation                    ( 1,008                        ( 983                                                     
                                $                  28      $                    53                                                     

NOTE 6 - CONCENTRATIONS

Vendors

The Company’s concentration of inventory purchases is as follows:

                For the three months              For the six months          
                ended June 30,                    ended June 30,              
                2025                              2025                        
 ──────────────────────────────────────────────────────────────────────────────
  Vendor A      50                        -       44                      15  
  Vendor B      14                        -       14                      -   
  Vendor C      13                        44      13                      24  
  Vendor D      -                         17      -                       -   
  Vendor E      -                         13      -                       -   
  Vendor F      -                         12      -                       16  
  Vendor G      -                         -       -                       12  

During the three months ended June 30, 2025 and 2024, purchases from sixvendors represented77% and86%, respectively, of total inventory purchases. During the six months ended June 30, 2025 and 2024, purchases from fivevendors represented71% and67%, respectively, of total inventory purchases.

As of June 30, 2025, and December 31, 2024, amounts owed to these vendors totaled $673,000and $539,000respectively, which are included in accounts payable and accrued expenses in the accompanying condensed consolidated balance sheets.

Accounts Receivable

The Company’s concentration of accounts receivable is as follows:

                  June 30, 2025              December 31, 2024          
                  Amount                     Amount                     
 ────────────────────────────────────────────────────────────────────────
  Customer A      33,000             10      $125,000               31  
  Customer B      -                  -       $52,000                13  
  Customer C      -                  -       $85,000                21  
  Customer D      -                  -       $66,000                16  
  Customer E      221,000            67      -                      -   
  Customer F      36,000             11      -                      -   

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