|9 Months Ended
Sep. 30, 2022
|Subsequent Events [Abstract]
13. SUBSEQUENT EVENTS
The Company has evaluated subsequent events from the balance sheet date through the date at which the condensed consolidated financial statements were available to be issued, and there are no items requiring disclosure other than the following:
In October and November 2022, the Company received related party advances in the aggregate of $0.3 million from an entity in which the Chief Financial Officer serves as an officer but has no ownership interest.
In November 2022, the Company received related party advances in the aggregate of $0.2 million from an entity in which our Chairman and Chief Executive Officer has an ownership interest and serves as the Chief Executive Officer. This note and the previous note received in August 2022 have a maturity date of December 15, 2022.
At the end of October and through November 30, 2022, the Company closed five stores.
During the fourth quarter of 2022, the Company will review for impairment the right-of-use assets and fixed assets in these stores. The right-of-use assets and fixed assets for these locations at September 30, 2022 was $2.8 million.
The Board of Directors of the Company have set December 30, 2022, for the annual meeting of stockholders.