Form 10-Q - Quarterly report [Sections 13 or 15(d)]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D. C. 20549

FORM 10-Q

☒ Quarterly report pursuant to Section 13 or15(d) of the Securities and Exchange Act of 1934

For the quarterly period ended March 31, 2024

☐ Transition report pursuant to Section 13 or 15(d) of the Exchange Act

For the transition period from to .

Commission File Number: 0-9376

INNOVATIVE FOOD HOLDINGS, INC.

(Exact Name of Registrant as Specified in its Charter)

Florida

(State or Other Jurisdiction of Incorporation or Organization)

20-1167761

(IRS Employer I.D. No.)

9696 Bonita Beach Rd., Ste. 208, Bonita Springs, Florida 34135

(Address of Principal Executive Offices)

(239) 596-0204

(Registrant’s Telephone Number, Including Area Code)

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act: None.

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
N/A		N/A		N/A

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act.

(Check One):

Large Accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☒	Smaller reporting company ☒
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Regulation 12b-2 of the Exchange Act): Yes ☐ No ☒

State the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 49,693,803 shares of common stock outstanding as of May 13, 2024.

INNOVATIVE FOOD HOLDINGS, INC.

TABLE OF CONTENTS TO FORM 10-Q

		Page
PART I.	FINANCIAL INFORMATION

Item 1.	Consolidated Financial Statements (unaudited)	4
	Consolidated Balance Sheets	4
	Consolidated Statements of Operations	5
	Consolidated Statement of Stockholders’ Equity	6
	Consolidated Statements of Cash Flows	7
	Condensed Notes to the Consolidated Financial Statements	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations (including cautionary statement)	26
Item 4.	Controls and Procedures	32

PART II.	OTHER INFORMATION

Item 1.	Legal Proceedings	33
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	33
Item 3.	Defaults Upon Senior Securities	33
Item 4.	Mine Safety Disclosures	33
Item 5.	Other Information	33
Item 6.	Exhibits	34
	Signatures	35

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PART I. FINANCIAL INFORMATION

ITEM 1 - CONSOLIDATED FINANCIAL STATEMENTS

Innovative Food Holdings, Inc.

Consolidated Balance Sheets

	March 31,			December 31,
	2024			2023
	(unaudited)
ASSETS
Current assets
Cash and cash equivalents	$	4,272,243		$	5,327,016
Accounts receivable, net		4,109,274			4,307,726
Inventory, net		2,840,682			2,973,134
Other current assets		348,926			287,528
Assets held for sale		5,941,933			649,884
Current assets - discontinued operations		20,649			95,861
Total current assets		17,533,707			13,641,149

Property and equipment, net		974,143			7,000,015
Right of use assets, operating leases, net		24,344			28,519
Right of use assets, finance leases, net		411,488			436,403
Tradenames and other unamortizable intangible assets		217,000			217,000
Total assets	$	19,160,682		$	21,323,086

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable and accrued liabilities	$	3,111,671			6,252,951
Accrued separation costs, related parties, current portion		418,635			463,911
Accrued interest		93,829			95,942
Deferred revenue		1,227,936			1,312,837
Stock appreciation rights liability		373,918			255,020
Notes payable - current portion		100,237			121,041
Lease liability - operating leases, current		17,422			17,131
Lease liability - finance leases, current		136,096			115,738
Current liabilities - discontinued operations		2,522			6,422
Total current liabilities		5,482,266			8,640,993

Note payable, net of discount		8,501,474			8,855,000
Accrued separation costs, related parties, non-current		707,692			791,025
Lease liability - operating leases, non-current		6,922			11,388
Lease liability - finance leases, non-current		148,931			219,266
Total liabilities		14,847,285			18,517,672

Commitments & Contingencies (see note 18)
Stockholders' equity
Common stock: $0.0001 par value; 500,000,000 shares authorized; 52,516,974 and 52,538,100 shares issued, and 49,693,803 and 49,714,929 shares outstanding at March 31, 2024 and December 31, 2023, respectively		5,249			5,251
Additional paid-in capital		42,844,922			42,762,811
Treasury stock: 2,623,171 shares outstanding at March 31, 2024 and December 31, 2023		(1,141,370	)		(1,141,370	)
Accumulated deficit		(37,395,404	)		(38,821,278	)
Total stockholders' equity		4,313,397			2,805,414

Total liabilities and stockholders' equity	$	19,160,682		$	21,323,086

See condensed notes to these unaudited consolidated financial statements.

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Innovative Food Holdings, Inc.

Consolidated Statements of Operations

(unaudited)

	For the Three			For the Three
	Months Ended			Months Ended
	March 31,			March 31,
	2024			2023
	(unaudited)			(unaudited)

Revenue		15,730,113			16,674,759
Cost of goods sold		11,895,799			12,900,609
Gross margin		3,834,314			3,774,150

Selling, general and administrative expenses		4,013,427			4,444,394
Separation costs - executive officers		-			1,945,650
Total operating expenses		4,013,427			6,390,044

Operating (loss)		(179,113	)		(2,615,894	)

Other income (expense):
Interest expense, net		(215,450	)		(172,721	)
Gain on sale of assets		1,807,516			-
Gain on sale of subsidiary		21,126			-
Other leasing income		1,900			1,900
Total other income (expense)		1,615,092			(170,821	)

Net income (loss) before taxes		1,435,979			(2,786,715	)

Income tax expense		-			-

Net income (loss) from continuing operations	$	1,435,979		$	(2,786,715	)

Net (loss) from discontinued operations	$	(10,105	)	$	(42,051	)

Consolidated net income (loss)	$	1,425,874		$	(2,828,766	)

Net income (loss) per share from continuing operations - basic	$	0.029		$	(0.06	)

Net income (loss) per share from continuing operations - diluted	$	0.028		$	(0.06	)

Net income (loss) per share from discontinued operations - basic	$	(0.00	)	$	(0.00	)

Net income (loss) per share from discontinued operations - diluted	$	(0.00	)	$	(0.00	)

Weighted average shares outstanding - basic		49,707,036			48,462,234

Weighted average shares outstanding - diluted		50,603,891			48,462,234

See condensed notes to these unaudited consolidated financial statements.

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Innovative Food Holdings, Inc.

Consolidated Statements of Stockholders' Equity

Three Months Ended March 31, 2024 and 2023

(unaudited)

	Common Stock						Common Stock to be issued						Additional Paid-in			Treasury Stock					Accumulated
	Amount			Value			Amount			Value			Capital			Amount		Value			Deficit			Total

Balance - December 31, 2022		49,427,297		$	4,938			1,499,940		$	150		$	42,189,471			2,623,171	$	(1,141,370	)	$	(34,466,126	)	$	6,587,063
Shares issued for compensation		-			-			207,274			20			45,660			-		-			-			45,680
Shares issued to management and employees, previously accrued		875,000			87			(875,000	)		(87	)		-			-		-			-			-
Fair value of shares under compensation plan		-			-			-			-			20,199			-		-			-			20,199
Common stock issued for services		267,030			27			-			-			112,142			-		-			-			112,142
Net loss for the three months ended March 31, 2023		-			-			-			-			-			-		-			(2,828,766	)		(2,828,766	)
Balance - March 31, 2023		50,569,327		$	5,052			832,214		$	83		$	42,367,472			2,623,171	$	(1,141,370	)	$	(37,294,892	)	$	3,936,345

Balance - December 31, 2023		52,538,100		$	5,251			-			-		$	42,762,811			2,623,171	$	(1,141,370	)	$	(38,821,278	)	$	2,805,414
Shares returned to treasury from sale of subsidiary		(21,126	)		(2	)		-			-			(21,124	)		-		-			-			(21,126	)
Fair value of shares under compensation plan		-			-			-			-			103,235			-		-			-			103,235
Net income for the three months ended March 31, 2024		-			-			-			-			-			-		-			1,425,874			1,425,874
Balance - March 31, 2024		52,516,974		$	5,249			-		$	-		$	42,844,922			2,623,171	$	(1,141,370	)	$	(37,395,404	)	$	4,313,397

See condensed notes to these unaudited consolidated financial statements.

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Innovative Food Holdings, Inc.

Consolidated Statements of Cash Flows

	For the Three			For the Three
	Months Ended			Months Ended
	March 31,			March 31,
	2024			2023
	(unaudited)			(unaudited)
Cash flows from operating activities:
Net income (loss)	$	1,425,874		$	(2,828,766	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Gain on disposition of asset		(1,807,516	)		-
Gain on sale of subsidiary		(21,126	)		-
Depreciation and amortization		110,260			145,387
Amortization of right of use asset		4,175			16,314
Amortization of discount on notes payable		1,283			-
Stock based compensation		103,235			178,048
Loss on value of stock appreciation rights		118,898			-
Provision for doubtful accounts		22,882			4,666

Changes in assets and liabilities:
Accounts receivable, net		175,436			135,020
Inventory and other current assets, net		71,054			(51,038	)
Accounts payable and accrued liabilities		(3,144,335	)		(2,056,459	)
Accrued separation costs - related parties		(128,610	)		1,600,795
Deferred revenue		(84,548	)		(319,365	)
Operating lease liability		(4,175	)		(16,314	)
Net cash used in operating activities		(3,157,213	)		(3,191,712	)

Cash flows from investing activities:
Acquisition of property and equipment		(1,406	)		(7,995	)
Cash received from disposition of asset, net of loan payoff		2,101,185			-
Net cash from (used in) investing activities		2,099,779			(7,995	)

Cash flows from financing activities:
Principal payments on debt		(22,708	)		(2,757	)
Principal payments financing leases		(49,977	)		(46,807	)
Net cash (used in) financing activities		(72,685	)		(49,564	)

Decrease in cash and cash equivalents		(1,130,119	)		(3,249,271	)

Cash and cash equivalents at beginning of period		5,422,335			4,899,398

Cash and cash equivalents at end of period - continuing operations	$	4,272,243		$	1,435,561
Cash and cash equivalents at end of period - discontinued operations	$	19,973		$	214,566
Cash and cash equivalents at end of period	$	4,292,216		$	1,650,127

Supplemental disclosure of cash flow information:

Cash paid during the period for:
Interest	$	228,970		$	174,410

Taxes	$	-		$	-

Non-cash investing and financing activities:
Reclassify fixed assets as held for sale	$	5,941,933		$	-
Principal and accrued interest paid from escrow to Maple Mark Bank	$	353,815		$	-

See condensed notes to these unaudited consolidated financial statements.

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INNOVATIVE FOOD HOLDINGS, INC.

CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2024

(Unaudited)

1. NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited interim consolidated financial statements include those of Innovative Food Holdings, Inc. and all of its wholly-owned subsidiaries (collectively, the “Company”) and have been prepared in accordance with generally accepted accounting principles pursuant to Regulation S-X of the Securities and Exchange Commission and with the instructions to Form 10-Q. Certain information and footnote disclosures normally included in audited consolidated financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. Accordingly, these interim financial statements should be read in conjunction with the Company’s audited financial statements and related notes as contained in Form 10-K for the year ended December 31, 2023. In the opinion of management, the interim unaudited consolidated financial statements reflect all adjustments, including normal recurring adjustments, necessary for fair presentation of the interim periods presented. The results of the operations for the three months ended March 31, 2024 are not necessarily indicative of the results of operations to be expected for the full year.

Business Activity

We provide difficult-to-find specialty foods primarily to both Professional Chefs and Home Gourmets through our relationships with producers, growers, makers and distributors of these products worldwide. The distribution of these products primarily originates from our three unified warehouses and those of our drop ship partners, and is driven by our proprietary technology platform. In addition, we provide value-added services through our team of food specialists and Chef Advisors who offer customer support, menu ideas, and preparation guidance.

Restructuring

During the fourth quarter of 2023 we made the decision to focus more on our Business to Business (B2B) activities and less on our Direct to Consumer (D2C) products. Our subsidiaries GROW and Oasis were sold effective December 29, 2023; Haley was sold effective February 26, 2024; and the activities of P Innovations will be abandoned. Our remaining D2C business, primarily operated within igourmet and Mouth, will be downsized. See note 2.

Discontinued Operations

Pursuant to the guidance of ASC 205-20 Presentation of Financial Statements – Discontinued Operations, the accounts of our discontinued entities GROW, Oasis, Haley, and P Innovations have been included in “Net loss from discontinued operations” in our consolidated statements of operations until such time as each entity was sold. Additionally, the assets and liabilities of these entities have been presented as discontinued operations in our consolidated balance sheets as of March 31, 2024 and December 31, 2023 until such time as each entity was sold. See Note 2.

Reclassifications

Certain amounts presented in the financial statements of the prior period have been reclassified to conform with the current period presentation of discontinued operations. See note 2.

Use of Estimates

The preparation of these unaudited consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an on-going basis, we evaluate these estimates, including those related to revenue recognition and concentration of credit risk. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Accounts subject to estimate and judgements are accounts receivable reserves, inventory reserves, income taxes, intangible assets, operating and finance right of use assets and liabilities, and equity-based instruments. Actual results may differ from these estimates under different assumptions or conditions. We believe our estimates have not been materially inaccurate in past years, and our assumptions are not likely to change in the foreseeable future.

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Concentrations of Credit Risk

Financial instruments and related items, which potentially subject the Company to concentrations of credit risk, consist primarily of cash, cash equivalents and trade receivables. The Company places its cash and temporary cash in investments with credit quality institutions. At times, such investments may be in excess of applicable government mandated insurance limit. At March 31, 2024 and 2023, trade receivables from the Company’s largest customer amounted to 32% and 23%, respectively, of total trade receivables. During the three months ended March 31, 2024 and 2023, sales from the Company’s largest customer amounted to 49% and 47% of total sales, respectively.

The Company maintains cash balances in excess of Federal Deposit Insurance Corporation limits. At March 31, 2024 and December 31, 2023, the total cash in excess of these limits was $931,857 and $988,825, respectively.

Accounts Receivable

The Company provides an allowance for doubtful accounts equal to the estimated uncollectible amounts pursuant to the guidance of Accounting Standards Update (ASU) 2016-13, Financial Instruments – Credit Losses (Topic 326) as codified in Accounts Standards Codification (ASC) 326, Financial Instruments – Credit Losses. Under ASC 326, the Company utilizes a current and expected credit loss (CECL) impairment model. ASU 2016-13 became effective for us on January 1, 2023. The Company’s estimate is based on historical collection experience and a review of the current status of trade accounts receivable. It is reasonably possible that the Company’s estimate of the allowance for doubtful accounts will change. Accounts receivable are presented net of an allowance for doubtful accounts of $69,359 and $46,477 at March 31, 2024 and December 31, 2023, respectively.

Leases

The Company accounts for leases in accordance with Financial Accounting Standards Board (“FASB”) ASC 842, “Leases”. The Company determines if an arrangement is a lease at inception. Operating lease right-of-use assets (“ROU assets”) and short-term and long-term lease liabilities are included on the face of the consolidated balance sheet. Finance lease ROU assets are presented within other assets, and finance lease liabilities are presented within current and long-term liabilities.

ROU assets represent the right of use to an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU asset also excludes lease incentives. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. The Company has lease agreements with lease and non-lease components, which are accounted for as a single lease component. For lease agreements with terms less than 12 months, the Company has elected the short-term lease measurement and recognition exemption, and it recognizes such lease payments on a straight-line basis over the lease term.

Revenue Recognition

The Company recognizes revenue upon product delivery. All of our products are shipped either same day or overnight or through longer shipping terms to the customer and the customer takes title to product and assumes risk and ownership of the product when it is delivered. Shipping charges to customers and sales taxes collectible from customers, if any, are included in revenues.

For revenue from product sales (i.e., specialty foodservice and e-commerce), the Company recognizes revenue in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 606 “Revenue from Contracts with Customers”. A five-step analysis must be met as outlined in Topic 606: (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations, and (v) recognize revenue when (or as) performance obligations are satisfied. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.

Warehouse and logistic services revenue is primarily comprised of inventory management, order fulfilment and warehousing services. Warehouse & logistics services revenues are recognized at the point in time when the services are rendered to the customer.

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Deferred Revenue

Certain customer arrangements in the Company’s business such as gift cards and e-commerce subscription purchases result in deferred revenues when cash payments are received in advance of performance. Gift cards issued by the Company generally have an expiration of five years from date of purchase. The Company records a liability for unredeemed gift cards and advance payments for monthly club memberships as cash is received, and the liability is reduced when the card is redeemed or product delivered.

The following table represents the changes in deferred revenue as reported on the Company’s consolidated balance sheets:

Balance as of December 31, 2022	$	1,558,155
Cash payments received		215,346
Net sales recognized		(534,711	)
Balance as of March 31, 2023 (unaudited)	$	1,238,790

Balance as of December 31, 2023	$	1,312,837
Cash payments received		4,033,077
Net sales recognized		(4,117,978	)
Balance as of March 31, 2024 (unaudited)	$	1,227,936

Disaggregation of Revenue

The following table represents a disaggregation of revenue for the three months ended March 31, 2024 and 2023:

	Three Months Ended
	March 31,
	2024		2023
	(unaudited)		(unaudited)
Specialty Foodservice	$	13,993,565	$	13,804,785
E-Commerce		1,528,337		2,621,405
Logistics		208,211		248,569
Total	$	15,730,113	$	16,674,759

Cost of goods sold

We have included in cost of goods sold all costs which are directly related to the generation of revenue. These costs include primarily the cost of food and raw materials, packing and handling, shipping, and delivery costs.

We have also included all payroll costs as cost of goods sold in our leasing and logistics services business.

Basic and Diluted Earnings Per Share

Basic net earnings per share is based on the weighted average number of shares outstanding during the period, while fully-diluted net earnings per share is based on the weighted average number of shares of common stock and potentially dilutive securities assumed to be outstanding during the period using the treasury stock method. Potentially dilutive securities consist of options and warrants to purchase common stock, and convertible debt. Basic and diluted net loss per share is computed based on the weighted average number of shares of common stock outstanding during the period.

The Company uses the treasury stock method to calculate the impact of outstanding stock options and warrants. Stock options and warrants for which the exercise price exceeds the average market price over the period have an anti-dilutive effect on earnings per common share and, accordingly, are excluded from the calculation.

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Dilutive shares at March 31, 2024:

Stock Options

The following table summarizes the options outstanding and the related prices for the options to purchase shares of the Company’s common stock issued by the Company at March 31, 2024:

				Weighted
				average
				Remaining
Exercise		Number of		contractual
Price		Options		life (years)
$	0.41		125,000		0.07
$	0.50		125,000		0.07
$	0.60		50,000		1.75
$	1.00		50,000		1.75
$	1.25		130,000		2.25
$	1.75		130,000		2.25
			610,000		1.27

Restricted Stock Awards

At March 31, 2024, there are 300,000 unvested restricted stock awards remaining from grants in a prior year. Those 300,000 restricted stock awards will vest as follows: 125,000 restricted stock awards will vest contingent upon the attainment of a stock price of $2.00 per share for 20 straight trading days, and an additional 175,000 restricted stock awards will vest contingent upon the attainment of a stock price of $3.00 per share for 20 straight trading days. The fair value of these RSUs at the date of the grants will be charged to operations upon vesting. At March 31, 2024, none of these RSU were vested. There was no charge to operations for these RSUs during the three months ended March 31, 2024.

Stock-based Compensation

At March 31, 2024, there were a total of 3,910,534 shares of common stock potentially issuable to the Company’s executive officers pursuant to compensation plans and contingent upon the achievement of certain performance goals; see notes 15 and 16.

Dilutive shares at March 31, 2023:

Stock Options

The following table summarizes the options outstanding and the related prices for the options to purchase shares of the Company’s common stock issued by the Company at March 31, 2023:

				Weighted
				Average
				Remaining
Exercise		Number		Contractual
Price		of Options		Life (years)
$	0.41		125,000		1.07
$	0.50		125,000		1.07
$	0.60		50,000		2.75
$	0.62		360,000		0.75
$	0.85		540,000		0.75
$	1.00		50,000		2.75
$	1.20		950,000		0.74
			2,200,000		0.87

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Restricted Stock Awards

At March 31, 2023, there are 300,000 unvested restricted stock awards remaining from grants in a prior year. Those 300,000 restricted stock awards will vest as follows: 125,000 restricted stock awards will vest contingent upon the attainment of a stock price of $2.00 per share for 20 straight trading days, and an additional 175,000 restricted stock awards will vest contingent upon the attainment of a stock price of $3.00 per share for 20 straight trading days. At March 31, 2023, none of these RSU were vested. There was no charge to operations for these RSUs during the three months ended March 31, 2023.

Stock-based Compensation

At March 31, 2023, there were a total of 3,538,243 shares of common stock potentially issuable to the Company’s Chief Executive Officer pursuant to his compensation plan and contingent upon the achievement of certain performance goals. see notes 15 and 16.

New Accounting Pronouncements

Management does not believe that any other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the accompanying consolidated financial statements.

2. DISCONTINUED OPERATIONS

During the fourth quarter of fiscal 2023, in connection with an analysis of the Company’s sales mix and profitability by service offering, management made the strategic decision to focus on the Company’s Business to Business (B2B) service offering and to allocate fewer resources to and in some cases to sell certain of the Company’s subsidiaries involved in our Direct to Consumer (D2C) service offerings. Pursuant to this strategy, on December 29, 2023, the Company completed the sales of its Grow and Oasis subsidiaries, and on February 26, 2024, the Company completed the sale of its Haley subsidiary (see note 3). In addition, the operations of P Innovations has been abandoned.

The following information presents the major classes of line item of assets and liabilities included as part of discontinued operations in the consolidated balance sheets:

	March 31,		December 31,
	2024		2023
Current assets - discontinued operations:	(unaudited)
Cash	$	19,973	$	95,319
Accounts receivable		635		501
Inventory		41		41
Other current assets		-		-
Total current assets - discontinued operations	$	20,649	$	95,861

Current liabilities - discontinued operations:
Accounts payable and accrued liabilities	$	-	$	986
Accrued payroll and related liabilities		-		3,267
Deferred revenue		2,522		2,169
Total current liabilities - discontinued operations	$	2,522	$	6,422

The following information presents the major classes of line items constituting the after-tax loss from discontinued operations in the consolidated statements of operations:

	Three Months Ended
	March 31,			March 31,
	2024			2023
Revenue	$	24,856		$	320,441
Cost of goods sold		(2,238	)		(8,080	)
Gross margin		22,618			312,361

Selling, general, and administrative expenses		(32,723	)		(354,692	)

Interest income		-			280
Loss from discontinued operations, net of tax	$	(10,105	)	$	(42,051	)

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There were no major classes of line items which constituted significant operating and investing cash flow activities in the consolidated statements of cash flows relating to discontinued operations.

3. SALE OF SUBSIDIARY

On February 26, 2024, the Company sold 100% of the equity interests in Haley Food Group, Inc., (“Haley”) for the return of 21,126 shares of the Company’s common stock held by the buyer. The Company Haley had no assets of liabilities at the time of the sale; the Company valued the 21,126 shares of common stock at the market price on the date of the acquisition of $1.00 per sale and recorded a gain in the amount of $21,126 on this transaction.

4. ACCOUNTS RECEIVABLE

At March 31, 2024 and December 31, 2023, accounts receivable consists of:

	March 31, 2024			December 31, 2023
	(unaudited)
Accounts receivable from customers	$	4,178,633		$	4,354,203
Allowance for doubtful accounts		(69,359	)		(46,477	)
Accounts receivable, net	$	4,109,274		$	4,307,726

During the three months ended March 31, 2024 and 2023, the Company charged the amount of $22,882 and $4,666 to provision for credit loss, respectively.

5. INVENTORY

Inventory consists primarily of specialty food products. At March 31, 2024 and December 31, 2023, inventory consisted of the following:

	March 31, 2024		December 31, 2023
	(unaudited)
Finished goods inventory	$	2,840,682	$	2,973,134
Allowance for slow moving & obsolete inventory		-		-
Finished goods inventory, net	$	2,840,682	$	2,973,134

6. PROPERTY AND EQUIPMENT

A summary of property and equipment at March 31, 2024 and December 31, 2023 is as follows:

	March 31, 2024			December 31, 2023
	(unaudited)
Land	$	208,140		$	1,079,512
Building		711,409			6,571,496
Computer and Office Equipment		599,242			597,834
Warehouse Equipment		477,090			477,090
Furniture and Fixtures		940,960			940,960
Vehicles		58,353			58,353
Total before accumulated depreciation		2,995,194			9,725,245
Less: accumulated depreciation		(2,021,051	)		(2,725,230	)
Total	$	974,143		$	7,000,015

Depreciation expense for property and equipment amounted to $85,345 and $101,576 for the three months ended March 31, 2024 and 2023, respectively. Depreciation expense for property and equipment is recorded in selling, general & administrating expenses on the Company’s statement of operations. During the three months ended March 31, 2024 and 2023, the Company acquired property and equipment in the amount of $1,406 and $7,995, respectively.

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7. PROPERTY AND EQUIPMENT CLASSIFIED AS HELD FOR SALE

Assets held for sale include the net book value of property and equipment the Company plans to sell within the next year. Long lived assets that meet the criteria are held for sale and reported at the lower of their carrying value or fair value less estimated cost to sell.

As of December 31, 2023, the Company classified the land, building, leasehold improvements, and certain equipment located at 28411 Race Track Road, Bonita Springs, Florida, 34135 (the “Race Track Road Property”) as held for sale. On February 14, 2024, the Company finalized the sale of the Race Track Road Property for cash in the amount of $2,455,000. The Company recorded a gain on the sale in the amount of $1,807,516. Proceeds of the sale in the amount of $353,815 were used to pay the mortgage and accrued interest on the Race Track Road Property. Total expenses related to the sale $165,755, including a commission of $147,300, state taxes of $17,185, and closing fees of $1,270.

As of March 31, 2024, the Company classified the land and building located at 220 Oak Hill Road, Mountain Top, Pennsylvania, as held for sale.

The net book value of these assets consisted of the following at March 31, 2024 and December 31, 2023:

	March 31,		December 31,
	2024		2023

Land	$	871,372	$	177,383
Building		5,070,561		431,147
Furniture, fixtures, and equipment		-		41,314
Total	$	5,941,933	$	649,844

8. RIGHT OF USE (“ROU”) ASSETS AND LEASE LIABILITIES – OPERATING LEASES

The Company has operating leases for offices, warehouses, vehicles, and office equipment. The Company’s leases have remaining lease terms of 1 year to 3 years, some of which include options to extend.

The Company’s lease expense for the three months ended March 31, 2024 and 2023 was entirely comprised of operating leases and amounted to $8,165 and $18,790, respectively.

The Company’s ROU asset amortization for the three months ended March 31, 2024 and 2023 was $4,175 and $16,314, respectively. The difference between the lease expense and the associated ROU asset amortization consists of interest.

Right of use assets – operating leases are summarized below:

	March 31, 2024		December 31, 2023
	(unaudited)
Warehouse equipment	$	18,477	$	21,869
Office equipment		5,867		6,650
Right of use assets, net	$	24,344	$	28,519

Operating lease liabilities are summarized below:

	March 31, 2024			December 31, 2023
	(unaudited)
Warehouse equipment	$	18,477		$	21,869
Office equipment		5,867			6,650
Lease liability	$	24,344		$	28,519
Less: current portion		(17,422	)		(17,131	)
Lease liability, non-current	$	6,922		$	11,388

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Maturity analysis under these lease agreements are as follows:

For the period ended March 31, 2025	$	18,532
For the period ended March 31, 2026		7,051
Total	$	25,583
Less: Present value discount		(1,239	)
Lease liability	$	24,344

9. RIGHT OF USE ASSETS – FINANCING LEASES

The Company has financing leases for vehicles and warehouse equipment. Right of use asset – financing leases are summarized below:

	March 31, 2024			December 31, 2023
	(unaudited)
Vehicles	$	404,858		$	404,858
Warehouse Equipment		555,416			555,416
Total before accumulated depreciation		960,274			960,274
Less: accumulated depreciation		(548,786	)		(523,871	)
Total	$	411,488		$	436,403

Depreciation expense related to right of use assets for the three months ended March 31, 2024 and 2023 was $24,915 and $33,480, respectively.

Financing lease liabilities are summarized below:

	March 31, 2024		December 31, 2023
	(unaudited)
Financing lease obligation under a lease agreement for a forklift dated July 12, 2021 in the original amount of $16,070 payable in thirty-six monthly installments of $489 including interest at the rate of 6.01%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $1,431 and $36, respectively.	$	1,453	$	2,884

Financing lease obligation under a lease agreement for a pallet truck dated July 15, 2021 in the original amount of $5,816 payable in thirty-six monthly installments of $177 including interest at the rate of 6.01%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $518 and $13, respectively.	$	526	$	1,044

Financing lease obligation under a lease agreement for warehouse furniture and equipment truck dated October 14, 2020 in the original amount of $514,173 payable in sixty monthly installments of $9,942 including interest at the rate of 6.01%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amount of $19,084 and $2,834, respectively.	$	170,712	$	197,707

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	March 31, 2024		December 31, 2023
	(unaudited)
Financing lease obligation under a lease agreement for a truck dated March 31, 2020 in the original amount of $152,548 payable in eighty-four monthly installments of $2,188 including interest at the rate of 5.44%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $5,552 and $1,012, respectively.	$	70,666	$	76,218

Financing lease obligation under a lease agreement for a truck dated November 5, 2018 in the original amount of $128,587 payable in seventy monthly installments of $2,326 including interest at the rate of 8.33%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $6,647 and $330, respectively.		11,388	$	18,035

Financing lease obligation under a lease agreement for a truck dated August 23, 2019 in the original amount of $80,413 payable in eighty-four monthly installments of $1,148 including interest at the rate of 5.0%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $3,040 and $404, respectively.	$	30,282	$	33,322

Financing lease obligation under a lease agreement for a truck dated February 4, 2022 in the original amount of $42,500 payable in twenty-four monthly installments of $1,963 including interest at the rate of 10.1%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $5,794 and $98, respectively.	$	-	$	5,794

Total	$	285,027	$	335,004

Current portion	$	136,096	$	115,738
Long-term maturities		148,931		219,266
Total	$	285,027	$	335,004

There was no accrued interest on financing leases at March 31, 2024 and December 31, 2023.

Aggregate maturities of lease liabilities:

For the twelve months ended March 31,

2025	$	160,993
2026		96,060
2027		27,974
Total	$	285,027

10. INTANGIBLE ASSETS

The Company acquired certain intangible assets pursuant to the acquisitions of Artisan, Oasis, igourmet, OFB, Haley, and Mouth. These assets include non-compete agreements, customer relationships, trade names, internally developed technology, and goodwill. The Company has also capitalized the development of its website.

Other Non-Amortizable Intangible Assets

Other non-amortizable intangible assets consist of $217,000 of trade names held by Artisan. The Company followed the guidance of ASC 360 “Property, Plant, and Equipment” (“ASC 360”) in assessing these assets for impairment. ASC 360 states that impairment testing should be completed whenever events or changes in circumstances indicate the asset’s carrying value may not be recoverable. In management’s judgment there are no indications that the carrying value of these trade names may not be recoverable, and it determined that impairment testing was not required.

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The Company acquired certain intangible assets pursuant to the acquisitions through Artisan. The following is the net book value of these assets:

	March 31, 2024 (unaudited)
			Accumulated
	Gross		Amortization		Net
Trade Names	$	217,000	$	-	$	217,000

	December 31, 2023
			Accumulated
	Cost		Amortization		Net
Total Trade Names	$	217,000	$	-	$	217,000

Total amortization expense for the three months ended March 31, 2024 and 2023 was $0.

11. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Accounts payable and accrued liabilities at March 31, 2024 and December 31, 2023 are as follows:

	March 31, 2024		December 31, 2023
	(unaudited)
Trade payables and accrued liabilities	$	2,955,157	$	6,046,396
Accrued payroll and commissions		156,514		206,555
Total	$	3,111,671	$	6,252,951

12. ACCRUED SEPARATION COSTS – RELATED PARTIES

On February 3, 2023, the Company entered into a Severance Note, an Agreement and General Release, and a Side Letter thereto with Sam Klepfish (the “SK Agreements”), its prior CEO and a current board member. The SK Agreements provide, among other things, for Mr. Kelpfish’s resignation from all positions with the Company and its subsidiaries on February 28, 2023, except that Mr. Klepfish will remain a director and member of the board of the Company, confidentiality and non-disparagement conditions, nomination of Mr. Klepfish for future election to the board of directors at least through the 2024 general meeting of shareholders based on certain minimum stock ownership and Board Observer rights when Mr. Klepfish is no longer a director but maintains certain minimum agreed upon stock ownership. The payment terms are $250,000 upon effectiveness and an additional $1,000,000 payable in weekly payments of $6,410.26 from March 8, 2023 through March 6, 2026. The $250,000 was paid into an escrow account with the requirement that they are released to Mr. Klepfish on his separation date. The $1,000,000 portion is in the form of an unsecured, non-interest bearing note payable to Mr. Klepfish. The SK Agreements also call for the delivery of 400,000 shares of the Company’s common stock valued at $168,000 based upon the closing price of the Company’s common stock on Mr. Klepfish’s separation date of February 28, 2023; in addition, for delivery on June 1, 2027 of additional shares of the Company’s common stock equal to the greater of (i) the number of shares with an aggregate fair market value of $400,000 on such date, or (ii) 266,666 shares. The Company also agreed to pay a total of $1,199 of Cobra insurance costs on behalf of Mr. Klepfish over eighteen months. The total amount accrued in connection with the SK Agreements was $1,819,199.

On February 28, 2023, the Company entered into a separation agreement (the “Wiernasz Separation Agreement”) with Justin Wiernasz, a director and previous Director of Strategic Acquisitions. Pursuant to the Wiernasz Separation Agreement, the Company agreed to a payment of $100,000 in cash as follows: $33,333 upon execution of the agreement, $33,333 on March 15, 2023, and $33,334 on April 15, 2023. The Company also agreed to make the Cobra insurance payments on behalf of Mr. Wiernasz in the amount of $2,548 per month for twelve months with a maximum of $26,451. The total amount accrued in connection with the Wiernasz Separation Agreement was $126,451.

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On February 6, 2024, the Company entered into a separation agreement with Richard Tang, its Chief Financial Officer (the “Tang Separation Agreement”) effective as of December 31, 2023. Pursuant to the Tang Separation Agreement, the Company will pay to Mr. Tang, in equal installments over a five month period, the gross sum of $113,918. In addition, Mr. Tang may submit for reimbursement up to $4,000 of legal expenses connected with the review of this separation agreement. The severance payment will be made in the following installments: (i) $25,890 to be paid the week of March 4, 2024; (ii) $5,178 to be paid each successive week for seventeen weeks beginning the week of March 11, 2024, until the Severance Payment is completed. In addition, if Tang timely elects to continue his group health insurance benefits under the Consolidated Omnibus Reconciliation Act (“COBRA”), the Company will reimburse Tang’s group health insurance premiums (“COBRA Premiums”) for the lesser of: (a) the period of time Employee is eligible to continue his group health insurance benefits under COBRA and (b) the five-month period immediately following the Separation Date. Reimbursements will be paid within thirty days of when Tang submits a request for reimbursement and supporting documentation.

During the three months ended March 31, 2024, the Company paid cash in the amount of $83,333 to Mr. Klepfish in connection with the SK Agreements.

During the three months ended March 31, 2024, the Company made the following payments in connection with the Wiernasz Separation Agreement: The Company made Cobra payments on behalf of Mr. Weirnasz in the amount of $967.

During the three months ended March 31, 2024, the Company made the following payments in connection with the Tang Separation agreement: The Company paid cash to Mr. Tang in the amount of $41,125, and made Cobra payments on behalf of Mr. Tang in the amount of $2,885.

The following table represents the amounts accrued, paid, and outstanding on these agreements as of March 31, 2024:

	Total		Paid / Issued			Balance		Current		Non-current
Mr. Klepfish:
Cash – through March 6, 2026	$	1,000,000	$	(358,975	)	$	641,025	$	333,333	$	307,692
Cash - upon agreement execution		250,000		(250,000	)		-		-		-
Stock - June 1, 2027		400,000		-			400,000		-		400,000
Stock - Issued in April 2023		168,000		(168,000	)		-		-		-
Cobra - over eighteen months		1,199		-			1,199		1,199		-
Total – Mr. Klepfish	$	1,819,199	$	(776,975	)	$	1,042,224	$	334,532	$	707,692

Mr. Wiernasz:
Cash - three equal payments	$	100,000	$	(100,000	)	$	-	$	-	$	-
Cobra - over eighteen months		26,451		(26,451	)		-		-		-
Total - Mr. Wiernasz	$	126,451	$	(126,451	)	$	-	$	-	$	-

Mr. Tang:
Cash – over seventeen weeks	$	113,918	$	(41,425	)	$	72,493	$	72,493	$	-
Cobra - over five months		14,495		(2,885	)		11,610		11,610		-
Total - Mr. Tang	$	128,413	$	(44,310	)	$	84,103	$	84,103	$	-

Total Company	$	2,074,063	$	(947,736	)	$	1,126,327	$	418,635	$	707,692

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13. STOCK APPRECIATION RIGHTS LIABILITY

Effective May 15, 2023, the Company issued 1,500,000 stock appreciation rights (the “Smallwood SARs”) to Brady Smallwood, its Chief Operating Officer. See note 15. The Smallwood SARs were valued utilizing the Black-Scholes valuation model, and had an aggregate fair value of $9,794 upon issuance; this amount was charged to operations and credited to stock appreciation rights liability. The Smallwood SARs are revalued each quarter, and any gain or loss in the fair value is charged to non-cash compensation expense.

The change in valuation of the Smallwood SARs is summarized in the table below:

May 15, 2023 - fair value	$	9,794
(Gain) Loss on revaluation		245,226
December 31, 2023 -fair value	$	255,020
(Gain) Loss on revaluation		118,898
March 31, 2024 - fair value	$	373,918

14. NOTES PAYABLE

March 31,

2024

December 31,

2023

(unaudited)

On June 13, 2023, the Company entered into a term loan with MapleMark Bank (the “MapleMark Term Loan 3”) in the amount of $9,057,840. Principal and interest due on the MapleMark Term Loan 1 in the amounts of $5,324,733 and $61,715, respectively, were paid with proceeds of the MapleMark Term Loan 3. The MapleMark Term Loan 3 is payable in monthly installments of $80,025 commencing July 1, 2023 and continuing through June 13, 2048.

Amounts outstanding under the Maple Mark Term Loan 3 will bear interest at the rate equal to the lesser of (a) the Maximum Lawful Rate, or (b) the greater of (i) WSJP (the “Prime Rate” as published by The Wall Street Journal) plus 1.25% per annum or (ii) 4.50% per annum. At March 31, 2024, the interest rate was 9.50%. The MapleMark Term Loan 3 matures on June 13, 2048.

The MapleMark Term Loan 3 contains negative covenants that, subject to certain exceptions, limits the ability of the Company and its subsidiaries to, among other things, incur additional indebtedness, make restricted payments, pledge their assets as security, make investments, loans, advances, guarantees and acquisitions, undergo fundamental changes and enter into transactions with affiliates. The Term Loan Agreements also provides that the Company and its subsidiaries on a consolidated basis, meet a Fixed Charge Coverage Ratio as described in detail in the Loan Agreements. The Term Loan Agreements contain events of default that are customary for a facility of this nature, including (subject in certain cases to grace periods and thresholds) nonpayment of principal, nonpayment of interest, fees or other amounts, material inaccuracy of representations and warranties, violation of covenants, cross-default to certain other existing indebtedness, bankruptcy or insolvency events, and certain judgment defaults as specified in the Term Loan Agreements. If an event of default occurs, the maturity of the amounts owed under the Term Loan Agreements may be accelerated. The obligations under the Term Loan Agreements are guaranteed by the Company and IFP and are secured by mortgages on their real estate located in Florida, Illinois, and Pennsylvania and substantially all of their assets, in each case, subject to certain exceptions and permitted liens.

The Company created a discount on the MapleMark Term Loan 3 for costs in the amount of $385,803 which will be amortized over the life of the loan. During the three months ended March 31, 2024, the Company amortized $1,284 of these costs to interest expense. During the three months ended March 31, 2024, the Company made principal payments and interest payments in the amount of $22,709 and $221,317, respectively, on this loan. At March 31, 2024, accrued interest on this note was $75,251.

8,962,933

8,985,642

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	March 31, 2024		December 31, 2023
	(unaudited)
On June 6, 2022, the Company entered into a term loan agreement with MapleMark (the “MapleMark Term Loan 2”) for the original amount of $356,800. This amount was paid by MapleMark directly to Fifth Third Bank in satisfaction of the outstanding principal and interest due under existing loans with Fifth Third Bank. The MapleMark Term Loan 2 originally matured on May 27, 2023. On June 9, 2023, the USDA approved the Guarantee of MapleMark Term Loan 1 which allowed the Company to extend the term of the MapleMark Term Loan 2 from May 27, 2023 to May 27, 2033 with monthly payments in the amount of approximately $2,311 commencing July 1, 2023 and continuing through June 1, 2033. On July 1, 2033, a final payment in the amount of approximately $303,536 will be due on the MapleMark Term Loan 2. The MapleMark Term Loan 2 contains negative covenants that, subject to certain exceptions, limits the ability of the Company and its subsidiaries to, among other things, incur additional indebtedness, make restricted payments, pledge their assets as security, make investments, loans, advances, guarantees and acquisitions, undergo fundamental changes and enter into transactions with affiliates. The Term Loan Agreements also provides that the Company and its subsidiaries on a consolidated basis, meet a Fixed Charge Coverage Ratio as described in detail in the Loan Agreements. The Term Loan Agreements contain events of default that are customary for a facility of this nature, including (subject in certain cases to grace periods and thresholds) nonpayment of principal, nonpayment of interest, fees or other amounts, material inaccuracy of representations and warranties, violation of covenants, cross-default to certain other existing indebtedness, bankruptcy or insolvency events, and certain judgment defaults as specified in the Term Loan Agreements. If an event of default occurs, the maturity of the amounts owed under the Term Loan Agreements may be accelerated. The obligations under the Term Loan Agreements are guaranteed by the Company and IFP and are secured by mortgages on their real estate located in Florida, Illinois, and Pennsylvania and substantially all of their assets, in each case, subject to certain exceptions and permitted liens. The Company recorded a discount to this loan in the amount of $23,367 in connection with financing costs which was amortized to interest expense during the year ended December 31, 2022. On February 14, 2024, The Company sold its Race Track Road Facility in Bonita Springs, Florida, which had been pledged as security for the MapleMark Term Loan 2 (see note 7). Proceeds from the sale in the amount of $352,905 and $910 were used to pay the remaining principal and interest, respectively, on the MapleMark Term Loan 2. At March 31, 2024, there are no amounts due under the MapleMark Term Loan 2.	$	-	$	352,905

A note payable in the amount of $20,000. The Note was due in January 2006 and the Company is currently accruing interest on this note at 1.9%. During the three months ended March 31, 2024, the Company accrued interest in the amount of $96 on this note. At March 31, 2024, accrued interest on this note was $18,578.	$	20,000	$	20,000

Total	$	8,982 933		$	9,358,547
Discount		(381,222	)		(382,506	)
Net of discount	$	8,601,711		$	8,976,041

Current portion	$	100,237		$	121,041
Long-term maturities, net of discount		8,501,474			8,855,000
Total	$	8,601,711		$	8,976,041

There was a total of $93,829 and $95,942 accrued interest on notes payable at March 31, 2024 and December 31, 2023, respectively.

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Aggregate maturities of notes payable as of March 31, 2024 are as follows:

For the period ended March 31,

2025	$	120,237
2026		110,532
2027		121,884
2028		134,403
2029		148,207
Thereafter		8,347,670
Total	$	8,982,933

15. EQUITY

Common Stock

As of March 31, 2024, total common stock issued and outstanding was 52,516,974 and 49,693,803, respectively. As of December 31, 2023, total common stock issued and outstanding was 52,538,100 and 49,714,929, respectively. At March 31, 2024 and December 31, 2023, a total of 2,823,171 shares of common stock were deemed issued but not outstanding.

For the three months ended March 31, 2024:

Common Stock Received from Sale of Subsidiary

On February 26, 2024, the Company sold 100% of the equity interests in Haley for the return of 21,126 shares of the Company’s common stock held by the buyer. (see note 3). The Company Haley had no assets of liabilities at the time of the sale; the Company valued the 21,126 shares of common stock at the market price on the date of the acquisition of $1.00 per sale and recorded a gain in the amount of $21,126 on this transaction.

For the three months ended March 31, 2023:

On February 28, 2023, the Company issued 267,030 shares with a value of $112,152 to three employees as compensation.

During the three months ended March 31, 2023, the Company incurred obligations to issue the following shares of common stock pursuant to employment agreements: an aggregate total of 400,007 shares of common stock with a market value of $93,600 were accrued for issuance to its previous Chief Executive Officer; of this amount, 207,839 with a market value of $52,919 were withheld for the payment of income taxes, and the net number of shares issuable to the previous Chief Executive Officer was 192,168 with a market value of $45,680. Also during the period, an aggregate total of 15,106 shares of common stock with a market value of $5,000 were accrued for issuance to two board members, and $19,428 was expensed during the quarter for the share based plan for the Chief Executive Officer (see below). These restricted stock grants are being amortized over their vesting periods of one to three years. During the three months ended March 31, 2023, the total amount of $178,048 was charged to non-cash compensation and $52,919 was charged to cash compensation in connection with these grants.

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Share based executive compensation plans

CEO Stock Plan

On February 3, 2023, the Company entered into an employment agreement with Bill Bennett to become the Company’s CEO. On November 3, 2023, the Company recognized that the hiring of Mr. Bennett was protracted, and the original employment agreement calculated the number of Shares to be granted in connection with the Executive Compensation Plan on the basis of the number of Shares outstanding as of October 2022, which did not take into consideration the number of shares that were issued to a departing executive and to certain other employees of the Company thereafter. Accordingly, the number of shares issuable to Mr. Bennett at each price target was adjusted, effective as of the original date of the plan. Pursuant to this agreement, Mr. Bennett was provided with an incentive compensation plan (the “CEO Stock Plan”) whereby Mr. Bennett would be granted shares of the Company’s common stock upon the common stock meeting certain price points at various 60-day volume weighted prices, as described below:

		Number of Shares Granted - Lower of:
Stock		Number of Shares Issued			Maximum
Price		and Outstanding on			Number of
Target		Grant Date Multiplied by:			Shares
$	0.60		2.00	%		975,133
$	0.80		1.50	%		731,350
$	1.00		1.00	%		487,567
$	1.20		0.75	%		365,675
$	1.40		0.75	%		365,675
$	1.60		0.50	%		243,783
$	1.80		0.50	%		243,783
$	2.00		0.50	%		243,783

The value of the plan was determined to be $660,541. This amount will be recorded as a charge to additional paid-in capital on a straight-line basis over 34 months. During the three months ended March 31, 2024, the amounts of $58,283 was charged to operations pursuant to the CEO Stock Plan.

On November 7, 2023, the Company issued 678,302 shares of common stock, net of 296,831 shares withheld for income tax purposes, to its Chief Executive Officer pursuant the achievement of the first price target in the CEO Stock Plan.

On March 19, 2024, the Company’s stock price attained the second price target in the CEO Stock Plan, and Mr. Bennett became eligible to receive 731,350 shares of the Company’s common stock. These shares have not been issued as of March 31, 2024.

COO Stock Plan

On April 14, 2023, the Company entered into an employment agreement with Brady Smallwood to become the Company’s COO effective May 15, 2023. Pursuant to this agreement, Mr. Smallwood was provided with an incentive compensation plan (the “COO Stock Plan”) whereby Mr. Smallwood would be granted shares of the Company’s common stock upon the common stock meeting certain price points at various 60-day volume weighted prices, as described below:

		Number of Shares Granted - Lower of:
Stock		Number of Shares Issued			Maximum
Price		and Outstanding on			Number of
Target		Grant Date Multiplied by:			Shares
$	0.87		0.40	%		196,627
$	1.16		0.30	%		147,470
$	1.45		0.20	%		98,313
$	1.74		0.15	%		73,735
$	2.03		0.15	%		73,735
$	2.32		0.10	%		49,157
$	2.61		0.10	%		49,157
$	2.90		0.10	%		49,157

The value of the plan was determined to be $199,951. This amount will be recorded as a charge to additional paid-in capital on a straight-line basis over 31.5 months. During the three months ended March 31, 2024, the amount of $19,043 was charged to operations pursuant to the COO Stock Plan. At March 31, 2024, none of the price targets under the COO Stock Plan have been achieved.

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CFO Stock Plan

On December 29, 2023, the Company entered into an employment agreement with Gary Schubert to become the Company’s CFO effective January 1, 2024. Pursuant to this agreement, Mr. Schubert was provided with an incentive compensation plan (the “CFO Stock Plan”) whereby Mr. Schubert would be granted shares of the Company’s common stock upon the common stock meeting certain price points at various 60-day volume weighted prices, as described below:

		Number of Shares Granted - Lower of:
Stock		Number of Shares Issued			Maximum
Price		and Outstanding on			Number of
Target		Grant Date Multiplied by:			Shares
$	1.23		0.40	%		131,085
$	1.63		0.30	%		98,313
$	2.04		0.20	%		65,542
$	2.45		0.15	%		49,157
$	2.86		0.15	%		49,157
$	3.27		0.10	%		32,771
$	3.68		0.10	%		32,771
$	4.08		0.10	%		32,771

The CFO Stock Plan had a fair value of $238,747 at inception (see “Stock Plan Valuation” section below). This amount will be amortized over the 30-month life of the plan beginning January 1, 2024. During the three months ended March 31, 2024, $23,875 of this amount was charged to operations. At March 31, 2024, none of the price targets under the COO Stock Plan have been achieved.

The Company relied upon the guidance of Statement of Financial Account Standards No. 718 Compensation – Stock Compensation (“ASC 718”) in accounting for the CEO, COO, and CFO Stock Plans. A Monte Carlo market-based performance stock awards model was used in valuing the plan, with the following assumptions:

	●	The stock price for each trading day would fluctuate with an estimated projected volatility using a normal distribution. The stock price of the underlying instrument is modeled such that it follows a geometric Brownian motion with constant drift and volatility.

	●	The Company would award the stock upon triggering the thresholds.

	●	Annual attrition or forfeiture rates (i.e., pre–vesting forfeiture assumption) are assumed to be zero given the Holder’s position with the Company.

	●	No Projected capital events were included in the adjustments to the shares issued and outstanding in the projected simulations.

	●	Awards/Payouts were discounted at the risk–free rate.

The CEO, COO, and CFO Stock Plans were valued utilizing the following:

	December 31, 2023
Volatility		103.9%-113.7%
Dividends	$	0
Risk-free interest rates		4.45%-4.45%
Expected term (years)		2.63-2.91

Stock Appreciation Rights

Effective May 15, 2023, the Company issued 1,500,000 stock appreciation rights (the “Smallwood SARs”) to Brady Smallwood, its Chief Operating Officer. The Smallwood SARs vest upon issuance, and expire on December 31, 2026; 750,000 of the Smallwood SARs are priced at $1.50 per share, and 750,000 are priced at $2.00 per share. It is the Company’s intention to settle the Smallwood SARs in cash if the stock price exceeds the $1.50 and $2.00 per share price prior to the expiration date. The Smallwood SARs were valued utilizing the Black-Scholes valuation model, and had an aggregate fair value of $9,794 upon issuance; this amount was charged to operations and credited to stock appreciation rights liability. The Smallwood SARs are revalued each quarter, and any gain or loss in the fair value is charged to non-cash compensation expense. At March 31, 2024, the Smallwood SARs had a fair value of $373,918; the increase in fair value in the amount $118,898 during the three months ended March 31, 2024 was charged to non-cash compensation. See note 13.

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The Smallwood SARs were valued using the Black-Scholes valuation model utilizing the following variables:

	March 31,			December 31,
	2024			2023
Volatility		86.58	%		45.0-53.3	%
Dividends	$	-		$	-
Risk-free interest rates		4.59	%		3.67-4.87	%
Term (years)		2.75			2.63-2.51

Options

The following table summarizes the options outstanding at March 31, 2024 and the related prices for the options to purchase shares of the Company’s common stock issued by the Company:

						Weighted				Weighted
				Weighted		average				average
				average		exercise				exercise
Range of		Number of		Remaining		price of		Number of		price of
exercise		options		contractual		outstanding		options		exercisable
Prices		Outstanding		life (years)		Options		Exercisable		Options
$	0.41		125,000		0.07	$	0.41		125,000	$	0.41
$	0.50		125,000		0.07	$	0.50		125,000	$	0.50
$	0.60		50,000		1.75	$	0.60		43,750	$	0.60
$	1.00		50,000		1.75	$	1.00		43,750	$	1.00
$	1.25		130,000		2.25	$	1.25		-	$	-
$	1.75		130,000		2.25	$	1.75		-	$	-
			610,000		1.27	$	0.96		350,000	$	0.55

Transactions involving stock options are summarized as follows:

	Number of Shares		Weighted Average Exercise Price
Options outstanding at December 31, 2023		350,000	$	0.55

Granted		260,000	$	1.50
Exercised		-	$	-
Cancelled / Expired		-	$	-

Options outstanding at March 31, 2024 (unaudited)		610,000	$	0.96
Options exercisable at March 31, 2024 (unaudited)		350,000	$	0.55

Aggregate intrinsic value of options outstanding and exercisable at March 31, 2024 was $156,075. Aggregate intrinsic value represents the difference between the Company’s closing stock price on the last trading day of the fiscal period, which was $1.00 at March 31, 2024, and the exercise price multiplied by the number of options outstanding.

During the three months ended March 31, 2024 and 2023, the Company charged the amount of $2,034 and $0, respectively, to operations for the vesting of stock options.

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16. RELATED PARTY TRANSACTIONS

Payments to Prior Executive Officers under Separation Agreements

During the three months ended March 31, 2024, the Company made the following payments to previous Executive Officers in connection with separation agreements (see note 12):

The Company paid cash in the amount of $83,333 to Mr. Klepfish, its prior CEO.

The Company made Cobra payments on behalf of Mr. Weirnasz, its prior Director of Strategic Acquisitions and previous board member, in the amount of $967.

The Company made cash payments to Mr. Tang, its prior CFO, in the amount of $41,125, and made Cobra payments on behalf of Mr. Tang in the amount of $2,885.

17. MAJOR CUSTOMERS

The Company’s largest customer, U.S. Foods, Inc. and its affiliates, accounted for approximately 49% and 47% of total sales in the three months ended March 31, 2024 and 2023, respectively. In addition, Gate Gourmet, the leading global provider of airline catering solutions and provisioning services for airlines, in partnership with igourmet, represented 17% and 16% of total sales for the three months ended March 31, 2024 and 2023, respectively.

18. COMMITMENTS AND CONTINGENCIES

Litigation

On September 16, 2019, an action (the “PA Action”) was filed in the Court of Common Pleas of Philadelphia County, Trial Division, against, among others, the Company and its wholly-owned subsidiaries, igourmet and Food Innovations, Inc. On January 5, 2024, all parties to the PA Action came to an agreement at Mediation on the material terms of settlement and on January 22, 2024, a settlement was agreed upon in an action filed in the Court of Common Pleas of Philadelphia County, Trial Division against, among others, the Company and its wholly owned subsidiaries, igourmet and Food Innovations, Inc. On Monday, January 29, 2024, the Company received a settlement and release agreement from certain plaintiffs in the PA Action. The Company and its subsidiaries resolved all liabilities within the coverages of their insurance carriers.

From time to time, the Company has become and may become involved in certain lawsuits and legal proceedings which arise in the ordinary course of business, or as the result of current or previous investments, or current or previous subsidiaries, or current or previous employees, or current or previous directors, or as a result of acquisitions and dispositions or other corporate activities. The Company intends to vigorously defend its positions. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our financial position or our business and the outcome of these matters cannot be ultimately predicted.

19. SUBSEQUENT EVENTS

Share Incentive Plan Performance Goal Achieved

On April 17, 2024, the Company’s stock price achieved the first price target of $0.87 under the COO Stock Plan and the Company became obligated to issue a total of 196,627 shares to its COO.

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ITEM 2 - MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

FORWARD LOOKING STATEMENTS

The following discussion should be read in conjunction with the consolidated financial statements and the related notes thereto, as well as all other related notes, and financial and operational references, appearing elsewhere in this document.

Certain information contained in this discussion and elsewhere in this report may include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and is subject to the safe harbor created by that act. The safe harbor created by the Private Securities Litigation Reform Act will not apply to certain “forward looking statements” because we issued “penny stock” (as defined in Section 3(a)(51) of the Securities Exchange Act of 1934 and Rule 3(a)(51-1) under the Exchange Act) during the three year period preceding the date(s) on which those forward looking statements were first made, except to the extent otherwise specifically provided by rule, regulation or order of the Securities and Exchange Commission. We caution readers that certain important factors may affect our actual results and could cause such results to differ materially from any forward-looking statements which may be deemed to have been made in this Report or which are otherwise made by or on our behalf. For this purpose, any statements contained in this report that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as “may”, “will”, “expect”, “believe”, “explore”, “consider”, “anticipate”, “intend”, “could”, “estimate”, “plan”, “propose” or “continue” or the negative variations of those words or comparable terminology are intended to identify forward-looking statements. Factors that may affect our results include, but are not limited to, the risks and uncertainties associated with:

●	Our ability to raise capital necessary to sustain our anticipated operations and implement our business plan,

●	Our ability to implement our business plan,

●	Our ability to generate sufficient cash to pay our lenders and other creditors,

●	Our dependence on one major customer,

●	Our ability to employ and retain qualified management and employees,

●	Our dependence on the efforts and abilities of our current employees and executive officers,

●	Changes in government regulations that are applicable to our current or anticipated business,

●	Changes in the demand for our services and different food trends,

●	The degree and nature of our competition,

●	The lack of diversification of our business plan,

●	The general volatility of the capital markets and the establishment of a market for our shares, and

●	Disruption in the economic and financial conditions primarily from the impact of past terrorist attacks in the United States, threats of future attacks, police and military activities overseas and other disruptive worldwide political and economic events, health pandemics, rising inflation and energy costs, and environmental weather conditions.

We are also subject to other risks detailed from time to time in our other filings with the SEC and elsewhere in this report. Any one or more of these uncertainties, risks and other influences could materially affect our results of operations and whether forward-looking statements made by us ultimately prove to be accurate. Our actual results, performance and achievements could differ materially from those expressed or implied in these forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether from new information, future events or otherwise.

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Critical Accounting Policy and Estimates

Use of Estimates in the Preparation of Financial Statements

The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. These estimates include certain assumptions related to, among others, doubtful accounts receivable, valuation of stock-based services, operating right of use assets and liabilities, and income taxes. On an on-going basis, we evaluate these estimates, including those related to revenue recognition and concentration of credit risk. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Accounts subject to estimate and judgements are accounts receivable reserves, income taxes, intangible assets, contingent liabilities, and equity-based instruments. Actual results may differ from these estimates under different assumptions or conditions. We believe our estimates have not been materially inaccurate in past years, and our assumptions are not likely to change in the foreseeable future.

Provision for Doubtful Accounts Receivable

Fair Value of Financial Instruments

The Company measures its financial assets and liabilities in accordance with accounting principles generally accepted in the United States of America. The estimated fair values approximate their carrying value because of the short-term maturity of these instruments or the stated interest rates are indicative of market interest rates. These fair values have historically varied due to the market price of the Company’s stock at the date of valuation.

Income Taxes

The Company uses the liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to financial statements carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. The measurement of deferred tax assets and liabilities is based on provisions of applicable tax law. The measurement of deferred tax assets is reduced, if necessary, by a valuation allowance based on the amount of tax benefits that, based on available evidence, is not expected to be realized.

Leases

The Company determines if an arrangement is a lease at inception. Operating lease right-of-use assets (“ROU assets”) and short-term and long-term lease liabilities are included on the face of the condensed consolidated balance sheet. Finance lease ROU assets are presented within other assets, and finance lease liabilities are presented within accrued liabilities.

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Our Business Activities

Innovative Food Holdings (IVFH) builds dynamic scalable businesses by selling specialty foods that are difficult to find through traditional channels. Our expertise is forging close relationships with the producers, growers, makers and distributors of specialty products, then carefully selecting our suppliers based on their quality, uniqueness and reliability.

The IVFH team is adept at evaluating and certifying the food safety and supply chain capabilities of small batch producers who don’t typically sell through broad-based sales channels. We seek out the freshest, most unique, origin-specific gourmet cheese, meat, produce, and premium ingredients available, and distribute them directly from our robust network of vendors and warehouses within 24 – 72 hours of an order being placed. We also source, package, and brand a meaningful segment of these products ourselves, enabling us to better control the assortment, offer more flexibility and variety to our customers, and capture additional margin.

We leverage this unique, premium assortment to serve the needs of Professional Chefs in settings such as restaurants, hotels, country clubs, national chain accounts, casinos, hospitals and catering houses. We provide these premium customers with products that can’t typically be found through their broadline distributor’s warehouse assortment. We distribute these products directly to Professional Chefs in Chicago through our subsidiary, Artisan Specialty Foods, Inc., and nationally through our e-commerce businesses on Amazon.com and our own website. We also drop ship specialty foods to Professional Chefs nationally through the websites of broadline distributors, such as US Foods, Inc. Between this variety of sales channels, IVFH is able to serve our Professional Chef customers wherever they are located.

We have made the strategic decision to sell our 200K square foot facility in Mountain Top, Pennsylvania and consolidate our warehouse activities into our 28K square foot facility in the greater Chicago area. We have the capabilities to pack and ship frozen, refrigerated, and ambient products, enabling us to sell a broad range of specialty foods. We also have GFSI/SQF certifications, allowing compatibility with the highest standards of food handling supply chains in the world, and the quality and food safety that our premium customers expect from us. These warehouses have the ability to ship packages and pallets of all sizes through overnight shipping. We also leverage our own fleet of trucks to deliver directly to our Professional Chef customers within our reach.

Our proprietary technology platform underpins our entire business, driving transparency and efficiency up and down the supply chain. Orders flow in real time, whether to our warehouses or to our vendor partners, to allow for fast handling and fulfillment. Our picking is enabled by efficient scan-based, handheld devices, ensuring order and inventory accuracy. Our warehouse management software optimizes pick routes for common items and order types, recommends a box size, and calculates the appropriate amount of packaging and ice required based on forecasted temperatures along the delivery route.

We have built a team consisting of passionate, committed, and food-obsessed people: our average tenure (outside of seasonal workers) across the company is over five years. Our merchandising team has deep connections within the specialty food space around the globe. Our Chef Advisors, as ex-chefs themselves, go beyond customer service to offer our Professional Chefs customer support, menu ideas, and preparation guidance.

RESULTS OF OPERATIONS

This discussion may contain forward looking statements that involve risks and uncertainties. Our future results could differ materially from the forward looking statements discussed in this report. This discussion should be read in conjunction with our consolidated financial statements, the notes thereto and other financial information included elsewhere in the report.

Three Months Ended March 31, 2024 Compared to Three Months Ended March 31, 2023

Revenue

Revenue decreased by $1.0 million or approximately 5.7% to $15.7 million for the three months ended March 31, 2024 from $16.7 million in the prior year. These revenue declines were driven primarily by our consumer eCommerce business sales declining by 41.7%, as we began the ramp-down of the business. In fact, this shift of focus to our Specialty Foodservice business has already begun to make an impact. After several quarters of decline our Specialty Foodservice business sales grew by 1.4%. While we expect this Specialty Foodservice revenue to generate positive growth for the year, Q2 will likely be our toughest quarter. As we’ve said previously, the B2B sales cycle is long, but we remain optimistic in how our sales efforts are progressing. Shortly after the close of the first quarter, we announced the signing of a contract with a new customer, Cheney Brothers, and conversations with other large potential customers continue. Within our Specialty Foodservice business, we also continue to build out our sourcing efforts, significantly ramping up the pace of our vendor and item onboarding, which we also expect to begin to contribute to revenue growth in the back half of 2024.

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Any changes in the food distribution and specialty foods operating landscape that materially hinders our current ability and/or cost to deliver our products to our customers could potentially cause a material impact on our net revenue and gross margin and, therefore, our profitability and cash flows could be adversely affected.

We also saw a decrease in our logistics business (from $248,569 in the three months ended March 31, 2023 to $208,211 in the three months ended March 31, 2024) as our existing customers experienced softness in demand and subsequently less volume throughput for our logistics services. Though small, we continue to seek new opportunities to leverage our logistics services in order to better leverage existing fixed assets.

Currently, a small portion of our revenues comes from imported products or international sales. Our current sales from such markets may be hampered and negatively impacted by any economic tariffs that may be imposed in the United States or in foreign countries.

See “Transactions with Major Customers” and the Securities and Exchange Commission’s (“SEC”) mandated FR-60 disclosures following the “Liquidity and Capital Resources” section for a further discussion of the significant customer concentrations, loss of significant customer, critical accounting policies and estimates, and other factors that could affect future results.

Cost of goods sold

Our cost of goods sold for the three months ended March 31, 2024 was $11.9 million, a decrease of $1.0 million or approximately 7.8% compared to cost of goods sold of $12.9 million for the three months ended March 31, 2023. Cost of goods sold was made up of the following expenses for the three months ended March 31, 2024: cost of goods in the amount of $9.1 million ; and shipping, delivery, handling, and purchase allowance expenses in the amount of $2.8 million. Gross margins as a percentage of sales increased during the current period to 24.4% compared to 22.6% during the comparable period, an improvement of 174 basis points, as we continued implementing our strategy to improve cost controls, better manage pricing, and focus more on product mix. Importantly, the improvement was driven by an improvement in gross margins in the Specialty Foodservice business. The enhancement in our financial performance was significantly influenced by the increased gross margins within our Specialty Foodservice sector. Additionally, our deliberate shift away from a pricier shipping supplier served to further elevate our margin levels.

Selling, general, and administrative expenses

Selling, general, and administrative expenses (“SG&A”) decreased by $0.4 million or 9.7% to $4.0million during the three months ended March 31, 2024 compared to $4.4 million for the three months ended March 31, 2023. The decrease in selling, general, and administrative expenses was primarily due to a decrease in legal and professional fees of $0.2 million, a decrease in advertising of $0.2 million, and a decrease in payroll and related costs of $0.1 million. These decreases were partially offset by an increase in real estate commissions of $0.1 million related to the sale of the Race Track Road Facility. Selling, general, and administrative expenses as a percentage of sales increased from 26.7% of sales during the three months ended March 31, 2023 to 25.5% of sales during the current quarter.

Separation costs – executive officers

During the three months ended March 31, 2023, the Company entered into a separation agreement with its Prior CEO and current board member with a total cost of $1,819,199 consisting of $1,251,199 in cash payments, $1,199 of Cobra health insurance payments, and stock grants with a value of $568,000. Also, during the three months ended March 31, 2023, the Company entered into a separation agreement with its prior Director of Strategic Acquisitions and board member consisting of cash payments of $100,000 and $26,451 of Cobra health insurance payments. The aggregate separation costs charged to operations during the three months ended March 31, 2023 was $1,945,650; there were no such costs during the current period.

Interest expense, net

Interest expense, net of interest income, increased by $42,729 or approximately 24.7% to $215,450 during the three months ended March 31, 2024, compared to $172,721 during the three months ended March 31, 2023. The increase was due to an increase in interest accrued or paid on the Company’s commercial loans and notes payable in the amount of $54,367 due to higher interest rates and higher balances under the MapleMark term loans, backed by the USDA. Interest expense also increased due to an increase in the amortization of prepaid loan fees in the amount of $1,283. This increase was partially offset by an increase in interest income in the amount of $12,921.

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Gain on sale of assets

During the three months ended March 31, 2024, the Company sold its property located in Bonita Springs, Florida for a gain in the amount of $1,807,516. There was no comparable transaction in the prior period.

Gain on sale of subsidiary

During the three months ended March 31, 2024, the Company sold its subsidiary Haley Group, Inc.; consideration for the sale was the return to the Company of 21,126 shares of the Company’s common stock with a market value at the time of the sale of $21,126. The Company recorded a gain on the sale of Haley in the amount of $21,126. There was no comparable transaction in the prior period.

Other leasing income

During the three months ended March 31, 2024 and March 31, 2023, the Company recognized income in the amount of $1,900 in connection with the lease of space in our Mountaintop warehouse facility.

Net income (loss) from continuing operations

For the reasons above, the Company had net income from continuing operations for the three months ended March 31, 2024 of $1.4 million compared to a net loss from continuing operations of $(2.8) million during the three months ended March 31, 2023. The net income from continuing operations for the three months ended March 31, 2024 includes a net total of $354,524 in non-cash charges: non-cash compensation in the amount of $220,099, depreciation and amortization expense of $110,260, provision for doubtful accounts of $22,882, and amortization of the discount on notes payable term loans of $1,283. The net loss from continuing operations for the three months ended March 31, 2023 includes a total of $328,101 in non-cash charges, including non-cash compensation in the amount of $178,048, depreciation and amortization expense of $145,387, and provision for doubtful accounts of $4,666.

Net loss from discontinued operations

For the three months ended March 31, 2024, the Company had a net loss from discontinued operations in the amount of $10,105, a decrease in the amount of $31,946 or approximately 76% compared to a net loss from discontinue operations in the amount of $42,051 for the three months ended March 31, 2023.

Liquidity and Capital Resources at March 31, 2024

As of March 31, 2024, the Company had current assets of $17,533,707, consisting of cash and cash equivalents of $4,272,243, trade accounts receivable, net, of $4,109,274, inventory of $2,840,682, other current assets of $348,926, assets held for sale of $5,941,933, and current assets – discontinued operations of $20,649. Also at March 31, 2024, the Company had current liabilities of $5,482,266, consisting of trade payables and accrued liabilities of $3,111,671, current portion of accrued separation costs – related parties of $418,635, accrued interest of $93,829, deferred revenue of $1,227,936, liability for stock appreciation rights of $373,918, current portion of notes payable of $100,237, current portion of operating lease liability of $17,422, current portion of financing lease liability of $136,096, and current liabilities - discontinued operations of $2,522.

During the three months ended March 31, 2024, the Company had cash used in operating activities of $3,157,213. Cash flow used in operations consisted of the Company’s consolidated net income of $1,425,874 less gain on disposition of assets of $1,807,516 and gain on sale of subsidiary of $21,126, plus non-cash charges for depreciation and amortization of $110,260, increase in value of stock appreciation rights of $118,898, stock-based compensation in the amount of $103,325, provision for doubtful accounts of $22,882, amortization of right-of-use assets of $4,175, and amortization of discount on notes payable of $1,283. The Company’s cash position also decreased by $3,115,178 as a result of changes in the components of current assets and current liabilities, primarily the result of a net paydown of $3,114,335 in accounts payable and accrued liabilities. Excluding $128,610 in payments associated with the separation and hiring of key officers referenced earlier, the Company would have recorded cash used in operating activities of $3,028,603 for the three months ended March 31, 2024, an improvement of $128,608 compared to the three months ended March 31, 2023.

The Company had cash provided by investing activities of $2,099,779 for the three months ended March 31, 2024, which consisted of cash received from the sale of our Bonita Springs property in the amount of $2,101,185 net of the payoff of the related secured loan in the amount of $353,815 including accrued interest. The Company also purchased property and equipment in the amount of $1,406 during the period.

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The Company had cash used in financing activities of $72,685 for the three months ended March 31, 2024, which consisted of payments on notes payable and financing lease in the amount of $22,708 and $49,977, respectively.

At March 31, 2024, we had positive net working capital in the amount of $12,051,441 compared to net working capital of $5,000,156 at the December 31, 2023, an improvement of $7,051,285. The Company reported a profit from continuing operations in the amount of $1,435,979 for the three months ended March 31, 2024 compared to a loss from continuing operations of $2,786,715 during the comparable period of the prior year. In addition, the Company continues to maintain the untapped $3 million revolver with MapleMark. Due to the Company’s improved operations performance along with its restructured balance sheet, we believe that any issues regarding our near-term liquidity have been resolved.

During 2024, management is focused on continuing the Stabilization phase of its three phase plan, focusing on the fundamentals of running a cash flow positive business, serving Professional Chefs, including a focus on improving margins. Management expects to continue to expand the Professional Chefs business by entering additional specialty foods markets, serving new customers, and launching new products. On the Home Gourmet business, management has kicked off the marketing of the business for divestiture, and in the meantime has eliminated all marketing spend, reduced headcount, and eliminated unproductive inventory.

No assurances can be given that any of these plans will come to fruition or that if implemented they will necessarily yield positive results.

Transactions with Major Customers

Transactions with a major customer and related economic dependence information is set forth below and following our discussion of Liquidity and Capital Resources.

The Company’s largest customer, U.S. Foods, Inc. and its affiliates, accounted for approximately 49% and 47% of total sales in the three months ended March 31, 2024 and 2023, respectively. In addition, Gate Gourmet, the leading global provider of airline catering solutions and provisioning services for airlines, in partnership with igourmet, represented 16% of total sales for the three months ended March 31, 2024 and 2023.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues, or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

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Inflation

In the opinion of management, inflation has had a material effect on the Company’s financial condition and results of its operations. The Company has seen the impact of inflation across its costs for fuel, shipping, cost of goods, and marketing. Balancing the management of these increases with the willingness of our customers to pay higher prices will continue to be a key focus for the Company this year. However, no assurance can be given that we will be successful and inflationary pressure on our profits will likely continue through 2024.

RISK FACTORS

The Company’s business and success is subject to numerous risk factors as detailed in its Annual Report on Form 10-K for the year ended December 31, 2023 and other of its Current Reports on Form 8-K, all of which reports are available at no cost at www.sec.gov.

ITEM 4 - CONTROLS AND PROCEDURES

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed by us in the reports that we file or submit pursuant to the requirements of the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, among other things, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file under the Exchange Act is accumulated and communicated to our management, including our principal executive and financial officers, as appropriate, to allow timely decisions regarding required disclosure.

(a) Evaluation of disclosure controls and procedures

Our Principal Executive Officer and Principal Financial Officer, after evaluating the effectiveness of our disclosure controls and procedures (as defined as defined in Rule 13a-15(f) and 15d-(f) under the Exchange Act.) as of the end of the period covered by this Quarterly Report, have determined that our controls and procedures are effective at March 31, 2024 at the reasonable assurance level. In making this assessment, our management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal Control-Integrated Framework (2013).

(b) Changes in internal control over financial reporting

There were no changes in our internal control over financial reporting identified in connection with the evaluation required by Exchange Act Rules 13a-15(d) and 15d-15 that occurred during the period covered by this Quarterly Report that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Table of Contents

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

From time to time, the Company has become and may become involved in certain lawsuits and legal proceedings which arise in the ordinary course of business, or as the result of current or previous investments, or current or previous subsidiaries, or current or previous employees, or current or previous directors, or as a result of acquisitions and dispositions or other corporate activities. The Company intends to vigorously defend its positions. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our financial position or our business, and the outcome of these matters cannot be ultimately predicted.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None

Table of Contents

Item 6. Exhibits

3.1	Articles of Incorporation (incorporated by reference to exhibit 3.1 of the Company’s annual report on Form 10-KSB for the year ended December 31, 2004 filed with the Securities and Exchange Commission on September 28, 2005).

3.2	Amended Bylaws of the Company (incorporated by reference to exhibit 3.2 of the Company’s annual report Form 10-K for the year ended December 31, 2010 filed with the Securities and Exchange Commission on March 16, 2011).

3.2.1	Amended Bylaws of the Company (incorporated by reference to exhibit 3.1 of the Company’s current report Form 8-K filed with the Securities and Exchange Commission on March 13, 2023).

10.1	Executive Employment Agreement dated February 3, 2023 between the Registrant and Robert William Bennett (incorporated by reference to exhibit 10.1 of the Company’s current report Form 8-K filed with the Securities and Exchange Commission on February 7, 2023)

10.2	Agreement and General Release dated February 3, 2023 between the Registrant and Samuel Klepfish (incorporated by reference to exhibit 10.2 of the Company’s current report Form 8-K filed with the Securities and Exchange Commission on February 7, 2023)

10.3	Side Letter dated February dated February 3, 2023 between the Registrant and Samuel Klepfish (incorporated by reference to exhibit 10.3 of the Company’s current report Form 8-K filed with the Securities and Exchange Commission on February 7, 2023)

31.1	Section 302 Certification

31.2	Section 302 Certification

32.1	Section 906 Certification

32.2	Section 906 Certification

101.INS	Inline XBRL Instance Document

101.SCH	Inline XBRL Taxonomy Extension Schema

101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase

101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase

101.LAB	Inline XBRL Taxonomy Extension Label Linkbase

101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase

104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SIGNATURE	TITLE	DATE

/s/ Robert William Bennett	Chief Executive Officer and Director	May 14, 2024
Robert William Bennett	(Principal Executive Officer)

/s/ Gary Schubert	Chief Financial Officer	May 14, 2024
Gary Schubert

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EXHIBIT 31.1

Certifications

I, Robert William Bennett, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Innovative Food Holdings, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 14, 2024

/s/ Robert William Bennett

Robert William Bennett, Chief Executive Officer

EXHIBIT 31.2

Certifications

I, Gary Schubert, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Innovative Food Holdings, Inc.;

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 14, 2024

/s/ Gary Schubert

Gary Schubert, Chief Financial Officer

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES OXLEY ACT OF 2002

CERTIFICATION

In connection with the Quarterly Report of Innovative Food Holdings, Inc. and Subsidiaries (the “Company”) on Form 10-Q for the period ended March 31, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Robert William Bennett, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Robert William Bennett

Robert William Bennett

Chief Executive Officer and Director

May 14, 2024

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES OXLEY ACT OF 2002

CERTIFICATION

In connection with the Quarterly Report of Innovative Food Holdings, Inc. and Subsidiaries (the “Company”) on Form 10-Q for the period ended March 31, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Gary Schubert, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Gary Schubert

Gary Schubert

Chief Financial Officer

May 14, 2024

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2024	May 13, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Information [Line Items]
Entity Registrant Name	INNOVATIVE FOOD HOLDINGS, INC.
Entity Central Index Key	0000312257
Entity File Number	0-9376
Entity Tax Identification Number	20-1167761
Entity Incorporation, State or Country Code	FL
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	9696 Bonita Beach Rd.
Entity Address, Address Line Two	Ste. 208
Entity Address, City or Town	Bonita Springs
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	34135
Entity Phone Fax Numbers [Line Items]
City Area Code	239
Local Phone Number	596-0204
Entity Listings [Line Items]
Title of 12(b) Security	N/A
No Trading Symbol Flag	true
Security Exchange Name	NONE
Entity Common Stock, Shares Outstanding		49,693,803

Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 4,272,243	$ 5,327,016
Accounts receivable, net	4,109,274	4,307,726
Inventory, net	2,840,682	2,973,134
Other current assets	348,926	287,528
Assets held for sale	5,941,933	649,884
Current assets - discontinued operations	20,649	95,861
Total current assets	17,533,707	13,641,149
Property and equipment, net	974,143	7,000,015
Right of use assets, operating leases, net	24,344	28,519
Right of use assets, finance leases, net	411,488	436,403
Tradenames and other unamortizable intangible assets	217,000	217,000
Total assets	19,160,682	21,323,086
Current liabilities
Accounts payable and accrued liabilities	3,111,671	6,252,951
Accrued separation costs, related parties, current portion	418,635	463,911
Accrued interest	93,829	95,942
Deferred revenue	1,227,936	1,312,837
Stock appreciation rights liability	373,918	255,020
Notes payable - current portion	100,237	121,041
Lease liability - operating leases, current	17,422	17,131
Lease liability - finance leases, current	136,096	115,738
Current liabilities - discontinued operations	2,522	6,422
Total current liabilities	5,482,266	8,640,993
Note payable, net of discount	8,501,474	8,855,000
Accrued separation costs, related parties, non-current	707,692	791,025
Lease liability - operating leases, non-current	6,922	11,388
Lease liability - finance leases, non-current	148,931	219,266
Total liabilities	14,847,285	18,517,672
Commitments & Contingencies (see note 18)	0	0
Stockholders' equity
Common stock: $0.0001 par value; 500,000,000 shares authorized; 52,516,974 and 52,538,100 shares issued, and 49,693,803 and 49,714,929 shares outstanding at March 31, 2024 and December 31, 2023, respectively	5,249	5,251
Additional paid-in capital	42,844,922	42,762,811
Treasury stock: 2,623,171 shares outstanding at March 31, 2024 and December 31, 2023	(1,141,370)	(1,141,370)
Accumulated deficit	(37,395,404)	(38,821,278)
Total stockholders' equity	4,313,397	2,805,414
Total liabilities and stockholders' equity	$ 19,160,682	$ 21,323,086

Consolidated Balance Sheets (Parentheticals) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares outstanding	49,693,803	49,714,929
Common stock, shares issued	52,516,974	52,538,100
Treasury stock, shares	2,623,171	2,623,171

Consolidated Statements of Operations - USD ($)	3 Months Ended
Consolidated Statements of Operations - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 15,730,113	$ 16,674,759
Cost of goods sold	11,895,799	12,900,609
Gross margin	3,834,314	3,774,150
Selling, general and administrative expenses	4,013,427	4,444,394
Separation costs - executive officers	0	1,945,650
Total operating expenses	4,013,427	6,390,044
Operating (loss)	(179,113)	(2,615,894)
Other income (expense):
Interest expense, net	(215,450)	(172,721)
Gain on sale of assets	1,807,516	0
Gain on sale of subsidiary	21,126	0
Other leasing income	1,900	1,900
Total other income (expense)	1,615,092	(170,821)
Net income (loss) before taxes	1,435,979	(2,786,715)
Income tax expense	0	0
Net income (loss) from continuing operations	1,435,979	(2,786,715)
Net (loss) from discontinued operations	(10,105)	(42,051)
Consolidated net income (loss)	$ 1,425,874	$ (2,828,766)
Net income (loss) per share from continuing operations - basic (in Dollars per share)	$ 0.029	$ (0.06)
Net income (loss) per share from continuing operations - diluted (in Dollars per share)	0.028	(0.06)
Net income (loss) per share from discontinued operations - basic (in Dollars per share)	0	0
Net income (loss) per share from discontinued operations - diluted (in Dollars per share)	$ 0	$ 0
Weighted average shares outstanding - basic (in Shares)	49,707,036	48,462,234
Weighted average shares outstanding - diluted (in Shares)	50,603,891	48,462,234

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock [Member]	Common Stock to be issued [Member]	Additional Paid-in Capital [Member]	Treasury Stock, Common [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2022	$ 4,938	$ 150	$ 42,189,471	$ (1,141,370)	$ (34,466,126)	$ 6,587,063
Balance (in Shares) at Dec. 31, 2022	49,427,297	1,499,940		2,623,171
Shares issued for compensation		$ 20	45,660			45,680
Shares issued for compensation (in Shares)		207,274
Shares issued to management and employees, previously accrued	$ 87	$ (87)
Shares issued to management and employees, previously accrued (in Shares)	875,000	(875,000)
Fair value of shares under compensation plan			20,199			20,199
Common stock issued for services	$ 27		112,142			112,142
Common stock issued for services (in Shares)	267,030
Net loss					(2,828,766)	(2,828,766)
Balance at Mar. 31, 2023	$ 5,052	$ 83	42,367,472	$ (1,141,370)	(37,294,892)	3,936,345
Balance (in Shares) at Mar. 31, 2023	50,569,327	832,214		2,623,171
Balance at Dec. 31, 2023	$ 5,251	$ 0	42,762,811	$ (1,141,370)	(38,821,278)	2,805,414
Balance (in Shares) at Dec. 31, 2023	52,538,100	0		2,623,171
Shares returned to treasury from sale of subsidiary	$ (2)		(21,124)			(21,126)
Shares returned to treasury from sale of subsidiary (in Shares)	(21,126)
Fair value of shares under compensation plan			103,235			103,235
Net loss					1,425,874	1,425,874
Balance at Mar. 31, 2024	$ 5,249		$ 42,844,922	$ (1,141,370)	$ (37,395,404)	$ 4,313,397
Balance (in Shares) at Mar. 31, 2024	52,516,974			2,623,171

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income (loss)	$ 1,425,874	$ (2,828,766)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Gain on disposition of asset	(1,807,516)	0
Gain on sale of subsidiary	(21,126)	0
Depreciation and amortization	110,260	145,387
Amortization of right of use asset	4,175	16,314
Amortization of discount on notes payable	1,283	0
Stock based compensation	103,235	178,048
Loss on value of stock appreciation rights	118,898	0
Provision for doubtful accounts	22,882	4,666
Changes in assets and liabilities:
Accounts receivable, net	175,436	135,020
Inventory and other current assets, net	71,054	(51,038)
Accounts payable and accrued liabilities	(3,144,335)	(2,056,459)
Accrued separation costs - related parties	(128,610)	1,600,795
Deferred revenue	(84,548)	(319,365)
Operating lease liability	(4,175)	(16,314)
Net cash used in operating activities	(3,157,213)	(3,191,712)
Cash flows from investing activities:
Acquisition of property and equipment	(1,406)	(7,995)
Cash received from disposition of asset, net of loan payoff	2,101,185	0
Net cash from (used in) investing activities	2,099,779	(7,995)
Cash flows from financing activities:
Principal payments on debt	(22,708)	(2,757)
Principal payments financing leases	(49,977)	(46,807)
Net cash (used in) financing activities	(72,685)	(49,564)
Decrease in cash and cash equivalents	(1,130,119)	(3,249,271)
Cash and cash equivalents at beginning of period	5,422,335	4,899,398
Cash and cash equivalents at end of period - continuing operations	4,272,243	1,435,561
Cash and cash equivalents at end of period - discontinued operations	19,973	214,566
Cash and cash equivalents at end of period	4,292,216	1,650,127
Interest	228,970	174,410
Taxes	0	0
Non-cash investing and financing activities:
Reclassify fixed assets as held for sale	5,941,933	0
Principal and accrued interest paid from escrow to Maple Mark Bank	$ 353,815	$ 0

NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

1. NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Business Activity

Restructuring

Discontinued Operations

Reclassifications

Certain amounts presented in the financial statements of the prior period have been reclassified to conform with the current period presentation of discontinued operations. See note 2.

Use of Estimates

Concentrations of Credit Risk

Accounts Receivable

Leases

Revenue Recognition

Deferred Revenue

The following table represents the changes in deferred revenue as reported on the Company’s consolidated balance sheets:

Balance as of December 31, 2022	$	1,558,155
Cash payments received		215,346
Net sales recognized		(534,711	)
Balance as of March 31, 2023 (unaudited)	$	1,238,790

Balance as of December 31, 2023	$	1,312,837
Cash payments received		4,033,077
Net sales recognized		(4,117,978	)
Balance as of March 31, 2024 (unaudited)	$	1,227,936

Disaggregation of Revenue

The following table represents a disaggregation of revenue for the three months ended March 31, 2024 and 2023:

	Three Months Ended
	March 31,
	2024		2023
	(unaudited)		(unaudited)
Specialty Foodservice	$	13,993,565	$	13,804,785
E-Commerce		1,528,337		2,621,405
Logistics		208,211		248,569
Total	$	15,730,113	$	16,674,759

Cost of goods sold

We have also included all payroll costs as cost of goods sold in our leasing and logistics services business.

Basic and Diluted Earnings Per Share

Dilutive shares at March 31, 2024:

Stock Options

The following table summarizes the options outstanding and the related prices for the options to purchase shares of the Company’s common stock issued by the Company at March 31, 2024:

				Weighted
				average
				Remaining
Exercise		Number of		contractual
Price		Options		life (years)
$	0.41		125,000		0.07
$	0.50		125,000		0.07
$	0.60		50,000		1.75
$	1.00		50,000		1.75
$	1.25		130,000		2.25
$	1.75		130,000		2.25
			610,000		1.27

Restricted Stock Awards

Stock-based Compensation

Dilutive shares at March 31, 2023:

Stock Options

The following table summarizes the options outstanding and the related prices for the options to purchase shares of the Company’s common stock issued by the Company at March 31, 2023:

				Weighted
				Average
				Remaining
Exercise		Number		Contractual
Price		of Options		Life (years)
$	0.41		125,000		1.07
$	0.50		125,000		1.07
$	0.60		50,000		2.75
$	0.62		360,000		0.75
$	0.85		540,000		0.75
$	1.00		50,000		2.75
$	1.20		950,000		0.74
			2,200,000		0.87

Restricted Stock Awards

Stock-based Compensation

New Accounting Pronouncements

DISCONTINUED OPERATIONS

3 Months Ended

Mar. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

2. DISCONTINUED OPERATIONS

The following information presents the major classes of line item of assets and liabilities included as part of discontinued operations in the consolidated balance sheets:

	March 31,		December 31,
	2024		2023
Current assets - discontinued operations:	(unaudited)
Cash	$	19,973	$	95,319
Accounts receivable		635		501
Inventory		41		41
Other current assets		-		-
Total current assets - discontinued operations	$	20,649	$	95,861

Current liabilities - discontinued operations:
Accounts payable and accrued liabilities	$	-	$	986
Accrued payroll and related liabilities		-		3,267
Deferred revenue		2,522		2,169
Total current liabilities - discontinued operations	$	2,522	$	6,422

The following information presents the major classes of line items constituting the after-tax loss from discontinued operations in the consolidated statements of operations:

	Three Months Ended
	March 31,			March 31,
	2024			2023
Revenue	$	24,856		$	320,441
Cost of goods sold		(2,238	)		(8,080	)
Gross margin		22,618			312,361

Selling, general, and administrative expenses		(32,723	)		(354,692	)

Interest income		-			280
Loss from discontinued operations, net of tax	$	(10,105	)	$	(42,051	)

There were no major classes of line items which constituted significant operating and investing cash flow activities in the consolidated statements of cash flows relating to discontinued operations.

SALE OF SUBSIDIARY

3 Months Ended

Mar. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments and Joint Ventures Disclosure [Text Block]

3. SALE OF SUBSIDIARY

ACCOUNTS RECEIVABLE

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

4. ACCOUNTS RECEIVABLE

At March 31, 2024 and December 31, 2023, accounts receivable consists of:

	March 31, 2024			December 31, 2023
	(unaudited)
Accounts receivable from customers	$	4,178,633		$	4,354,203
Allowance for doubtful accounts		(69,359	)		(46,477	)
Accounts receivable, net	$	4,109,274		$	4,307,726

During the three months ended March 31, 2024 and 2023, the Company charged the amount of $22,882 and $4,666 to provision for credit loss, respectively.

INVENTORY

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

5. INVENTORY

Inventory consists primarily of specialty food products. At March 31, 2024 and December 31, 2023, inventory consisted of the following:

	March 31, 2024		December 31, 2023
	(unaudited)
Finished goods inventory	$	2,840,682	$	2,973,134
Allowance for slow moving & obsolete inventory		-		-
Finished goods inventory, net	$	2,840,682	$	2,973,134

PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

6. PROPERTY AND EQUIPMENT

A summary of property and equipment at March 31, 2024 and December 31, 2023 is as follows:

	March 31, 2024			December 31, 2023
	(unaudited)
Land	$	208,140		$	1,079,512
Building		711,409			6,571,496
Computer and Office Equipment		599,242			597,834
Warehouse Equipment		477,090			477,090
Furniture and Fixtures		940,960			940,960
Vehicles		58,353			58,353
Total before accumulated depreciation		2,995,194			9,725,245
Less: accumulated depreciation		(2,021,051	)		(2,725,230	)
Total	$	974,143		$	7,000,015

PROPERTY AND EQUIPMENT CLASSIFIED AS HELD FOR SALE

3 Months Ended

Mar. 31, 2024

Property And Equipment Held For Sale Disclosure Abstract

Property and Equipment, Held for Sale, Disclosure [Text Block]

7. PROPERTY AND EQUIPMENT CLASSIFIED AS HELD FOR SALE

As of March 31, 2024, the Company classified the land and building located at 220 Oak Hill Road, Mountain Top, Pennsylvania, as held for sale.

The net book value of these assets consisted of the following at March 31, 2024 and December 31, 2023:

	March 31,		December 31,
	2024		2023

Land	$	871,372	$	177,383
Building		5,070,561		431,147
Furniture, fixtures, and equipment		-		41,314
Total	$	5,941,933	$	649,844

RIGHT OF USE (“ROU”) ASSETS AND LEASE LIABILITIES – OPERATING LEASES

3 Months Ended

Mar. 31, 2024

Disclosure Text Block [Abstract]

Lessee, Operating Leases [Text Block]

8. RIGHT OF USE (“ROU”) ASSETS AND LEASE LIABILITIES – OPERATING LEASES

The Company’s lease expense for the three months ended March 31, 2024 and 2023 was entirely comprised of operating leases and amounted to $8,165 and $18,790, respectively.

Right of use assets – operating leases are summarized below:

	March 31, 2024		December 31, 2023
	(unaudited)
Warehouse equipment	$	18,477	$	21,869
Office equipment		5,867		6,650
Right of use assets, net	$	24,344	$	28,519

Operating lease liabilities are summarized below:

	March 31, 2024			December 31, 2023
	(unaudited)
Warehouse equipment	$	18,477		$	21,869
Office equipment		5,867			6,650
Lease liability	$	24,344		$	28,519
Less: current portion		(17,422	)		(17,131	)
Lease liability, non-current	$	6,922		$	11,388

Maturity analysis under these lease agreements are as follows:

For the period ended March 31, 2025	$	18,532
For the period ended March 31, 2026		7,051
Total	$	25,583
Less: Present value discount		(1,239	)
Lease liability	$	24,344

RIGHT OF USE ASSETS – FINANCING LEASES

3 Months Ended

Mar. 31, 2024

Disclosure Text Block [Abstract]

Lessee, Finance Leases [Text Block]

9. RIGHT OF USE ASSETS – FINANCING LEASES

The Company has financing leases for vehicles and warehouse equipment. Right of use asset – financing leases are summarized below:

	March 31, 2024			December 31, 2023
	(unaudited)
Vehicles	$	404,858		$	404,858
Warehouse Equipment		555,416			555,416
Total before accumulated depreciation		960,274			960,274
Less: accumulated depreciation		(548,786	)		(523,871	)
Total	$	411,488		$	436,403

Depreciation expense related to right of use assets for the three months ended March 31, 2024 and 2023 was $24,915 and $33,480, respectively.

Financing lease liabilities are summarized below:

	March 31, 2024		December 31, 2023
	(unaudited)
Financing lease obligation under a lease agreement for a forklift dated July 12, 2021 in the original amount of $16,070 payable in thirty-six monthly installments of $489 including interest at the rate of 6.01%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $1,431 and $36, respectively.	$	1,453	$	2,884

Financing lease obligation under a lease agreement for a pallet truck dated July 15, 2021 in the original amount of $5,816 payable in thirty-six monthly installments of $177 including interest at the rate of 6.01%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $518 and $13, respectively.	$	526	$	1,044

Financing lease obligation under a lease agreement for warehouse furniture and equipment truck dated October 14, 2020 in the original amount of $514,173 payable in sixty monthly installments of $9,942 including interest at the rate of 6.01%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amount of $19,084 and $2,834, respectively.	$	170,712	$	197,707

	March 31, 2024		December 31, 2023
	(unaudited)
Financing lease obligation under a lease agreement for a truck dated March 31, 2020 in the original amount of $152,548 payable in eighty-four monthly installments of $2,188 including interest at the rate of 5.44%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $5,552 and $1,012, respectively.	$	70,666	$	76,218

Financing lease obligation under a lease agreement for a truck dated November 5, 2018 in the original amount of $128,587 payable in seventy monthly installments of $2,326 including interest at the rate of 8.33%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $6,647 and $330, respectively.		11,388	$	18,035

Financing lease obligation under a lease agreement for a truck dated August 23, 2019 in the original amount of $80,413 payable in eighty-four monthly installments of $1,148 including interest at the rate of 5.0%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $3,040 and $404, respectively.	$	30,282	$	33,322

Financing lease obligation under a lease agreement for a truck dated February 4, 2022 in the original amount of $42,500 payable in twenty-four monthly installments of $1,963 including interest at the rate of 10.1%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $5,794 and $98, respectively.	$	-	$	5,794

Total	$	285,027	$	335,004

Current portion	$	136,096	$	115,738
Long-term maturities		148,931		219,266
Total	$	285,027	$	335,004

There was no accrued interest on financing leases at March 31, 2024 and December 31, 2023.

Aggregate maturities of lease liabilities:

For the twelve months ended March 31,

2025	$	160,993
2026		96,060
2027		27,974
Total	$	285,027

INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

10. INTANGIBLE ASSETS

Other Non-Amortizable Intangible Assets

The Company acquired certain intangible assets pursuant to the acquisitions through Artisan. The following is the net book value of these assets:

	March 31, 2024 (unaudited)
			Accumulated
	Gross		Amortization		Net
Trade Names	$	217,000	$	-	$	217,000

	December 31, 2023
			Accumulated
	Cost		Amortization		Net
Total Trade Names	$	217,000	$	-	$	217,000

Total amortization expense for the three months ended March 31, 2024 and 2023 was $0.

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

3 Months Ended

Mar. 31, 2024

Payables and Accruals [Abstract]

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

11. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Accounts payable and accrued liabilities at March 31, 2024 and December 31, 2023 are as follows:

	March 31, 2024		December 31, 2023
	(unaudited)
Trade payables and accrued liabilities	$	2,955,157	$	6,046,396
Accrued payroll and commissions		156,514		206,555
Total	$	3,111,671	$	6,252,951

ACCRUED SEPARATION COSTS – RELATED PARTIES

3 Months Ended

Mar. 31, 2024

12. ACCRUED SEPARATION COSTS – RELATED PARTIES

During the three months ended March 31, 2024, the Company paid cash in the amount of $83,333 to Mr. Klepfish in connection with the SK Agreements.

The following table represents the amounts accrued, paid, and outstanding on these agreements as of March 31, 2024:

	Total		Paid / Issued			Balance		Current		Non-current
Mr. Klepfish:
Cash – through March 6, 2026	$	1,000,000	$	(358,975	)	$	641,025	$	333,333	$	307,692
Cash - upon agreement execution		250,000		(250,000	)		-		-		-
Stock - June 1, 2027		400,000		-			400,000		-		400,000
Stock - Issued in April 2023		168,000		(168,000	)		-		-		-
Cobra - over eighteen months		1,199		-			1,199		1,199		-
Total – Mr. Klepfish	$	1,819,199	$	(776,975	)	$	1,042,224	$	334,532	$	707,692

Mr. Wiernasz:
Cash - three equal payments	$	100,000	$	(100,000	)	$	-	$	-	$	-
Cobra - over eighteen months		26,451		(26,451	)		-		-		-
Total - Mr. Wiernasz	$	126,451	$	(126,451	)	$	-	$	-	$	-

Mr. Tang:
Cash – over seventeen weeks	$	113,918	$	(41,425	)	$	72,493	$	72,493	$	-
Cobra - over five months		14,495		(2,885	)		11,610		11,610		-
Total - Mr. Tang	$	128,413	$	(44,310	)	$	84,103	$	84,103	$	-

Total Company	$	2,074,063	$	(947,736	)	$	1,126,327	$	418,635	$	707,692

STOCK APPRECIATION RIGHTS LIABILITY

3 Months Ended

Mar. 31, 2024

Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]

Other Liabilities Disclosure [Text Block]

13. STOCK APPRECIATION RIGHTS LIABILITY

The change in valuation of the Smallwood SARs is summarized in the table below:

May 15, 2023 - fair value	$	9,794
(Gain) Loss on revaluation		245,226
December 31, 2023 -fair value	$	255,020
(Gain) Loss on revaluation		118,898
March 31, 2024 - fair value	$	373,918

NOTES PAYABLE

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

14. NOTES PAYABLE

March 31,

2024

December 31,

2023

(unaudited)

8,962,933

8,985,642

	March 31, 2024		December 31, 2023
	(unaudited)
On June 6, 2022, the Company entered into a term loan agreement with MapleMark (the “MapleMark Term Loan 2”) for the original amount of $356,800. This amount was paid by MapleMark directly to Fifth Third Bank in satisfaction of the outstanding principal and interest due under existing loans with Fifth Third Bank. The MapleMark Term Loan 2 originally matured on May 27, 2023. On June 9, 2023, the USDA approved the Guarantee of MapleMark Term Loan 1 which allowed the Company to extend the term of the MapleMark Term Loan 2 from May 27, 2023 to May 27, 2033 with monthly payments in the amount of approximately $2,311 commencing July 1, 2023 and continuing through June 1, 2033. On July 1, 2033, a final payment in the amount of approximately $303,536 will be due on the MapleMark Term Loan 2. The MapleMark Term Loan 2 contains negative covenants that, subject to certain exceptions, limits the ability of the Company and its subsidiaries to, among other things, incur additional indebtedness, make restricted payments, pledge their assets as security, make investments, loans, advances, guarantees and acquisitions, undergo fundamental changes and enter into transactions with affiliates. The Term Loan Agreements also provides that the Company and its subsidiaries on a consolidated basis, meet a Fixed Charge Coverage Ratio as described in detail in the Loan Agreements. The Term Loan Agreements contain events of default that are customary for a facility of this nature, including (subject in certain cases to grace periods and thresholds) nonpayment of principal, nonpayment of interest, fees or other amounts, material inaccuracy of representations and warranties, violation of covenants, cross-default to certain other existing indebtedness, bankruptcy or insolvency events, and certain judgment defaults as specified in the Term Loan Agreements. If an event of default occurs, the maturity of the amounts owed under the Term Loan Agreements may be accelerated. The obligations under the Term Loan Agreements are guaranteed by the Company and IFP and are secured by mortgages on their real estate located in Florida, Illinois, and Pennsylvania and substantially all of their assets, in each case, subject to certain exceptions and permitted liens. The Company recorded a discount to this loan in the amount of $23,367 in connection with financing costs which was amortized to interest expense during the year ended December 31, 2022. On February 14, 2024, The Company sold its Race Track Road Facility in Bonita Springs, Florida, which had been pledged as security for the MapleMark Term Loan 2 (see note 7). Proceeds from the sale in the amount of $352,905 and $910 were used to pay the remaining principal and interest, respectively, on the MapleMark Term Loan 2. At March 31, 2024, there are no amounts due under the MapleMark Term Loan 2.	$	-	$	352,905

A note payable in the amount of $20,000. The Note was due in January 2006 and the Company is currently accruing interest on this note at 1.9%. During the three months ended March 31, 2024, the Company accrued interest in the amount of $96 on this note. At March 31, 2024, accrued interest on this note was $18,578.	$	20,000	$	20,000

Total	$	8,982 933		$	9,358,547
Discount		(381,222	)		(382,506	)
Net of discount	$	8,601,711		$	8,976,041

Current portion	$	100,237		$	121,041
Long-term maturities, net of discount		8,501,474			8,855,000
Total	$	8,601,711		$	8,976,041

There was a total of $93,829 and $95,942 accrued interest on notes payable at March 31, 2024 and December 31, 2023, respectively.

Aggregate maturities of notes payable as of March 31, 2024 are as follows:

For the period ended March 31,

2025	$	120,237
2026		110,532
2027		121,884
2028		134,403
2029		148,207
Thereafter		8,347,670
Total	$	8,982,933

EQUITY

3 Months Ended

Mar. 31, 2024

Stockholders' Equity Note [Abstract]

Equity [Text Block]

15. EQUITY

Common Stock

For the three months ended March 31, 2024:

Common Stock Received from Sale of Subsidiary

For the three months ended March 31, 2023:

On February 28, 2023, the Company issued 267,030 shares with a value of $112,152 to three employees as compensation.

Share based executive compensation plans

CEO Stock Plan

		Number of Shares Granted - Lower of:
Stock		Number of Shares Issued			Maximum
Price		and Outstanding on			Number of
Target		Grant Date Multiplied by:			Shares
$	0.60		2.00	%		975,133
$	0.80		1.50	%		731,350
$	1.00		1.00	%		487,567
$	1.20		0.75	%		365,675
$	1.40		0.75	%		365,675
$	1.60		0.50	%		243,783
$	1.80		0.50	%		243,783
$	2.00		0.50	%		243,783

COO Stock Plan

		Number of Shares Granted - Lower of:
Stock		Number of Shares Issued			Maximum
Price		and Outstanding on			Number of
Target		Grant Date Multiplied by:			Shares
$	0.87		0.40	%		196,627
$	1.16		0.30	%		147,470
$	1.45		0.20	%		98,313
$	1.74		0.15	%		73,735
$	2.03		0.15	%		73,735
$	2.32		0.10	%		49,157
$	2.61		0.10	%		49,157
$	2.90		0.10	%		49,157

CFO Stock Plan

		Number of Shares Granted - Lower of:
Stock		Number of Shares Issued			Maximum
Price		and Outstanding on			Number of
Target		Grant Date Multiplied by:			Shares
$	1.23		0.40	%		131,085
$	1.63		0.30	%		98,313
$	2.04		0.20	%		65,542
$	2.45		0.15	%		49,157
$	2.86		0.15	%		49,157
$	3.27		0.10	%		32,771
$	3.68		0.10	%		32,771
$	4.08		0.10	%		32,771

	●	The stock price for each trading day would fluctuate with an estimated projected volatility using a normal distribution. The stock price of the underlying instrument is modeled such that it follows a geometric Brownian motion with constant drift and volatility.

	●	The Company would award the stock upon triggering the thresholds.

	●	Annual attrition or forfeiture rates (i.e., pre–vesting forfeiture assumption) are assumed to be zero given the Holder’s position with the Company.

	●	No Projected capital events were included in the adjustments to the shares issued and outstanding in the projected simulations.

	●	Awards/Payouts were discounted at the risk–free rate.

The CEO, COO, and CFO Stock Plans were valued utilizing the following:

	December 31, 2023
Volatility		103.9%-113.7%
Dividends	$	0
Risk-free interest rates		4.45%-4.45%
Expected term (years)		2.63-2.91

Stock Appreciation Rights

The Smallwood SARs were valued using the Black-Scholes valuation model utilizing the following variables:

	March 31,			December 31,
	2024			2023
Volatility		86.58	%		45.0-53.3	%
Dividends	$	-		$	-
Risk-free interest rates		4.59	%		3.67-4.87	%
Term (years)		2.75			2.63-2.51

Options

The following table summarizes the options outstanding at March 31, 2024 and the related prices for the options to purchase shares of the Company’s common stock issued by the Company:

						Weighted				Weighted
				Weighted		average				average
				average		exercise				exercise
Range of		Number of		Remaining		price of		Number of		price of
exercise		options		contractual		outstanding		options		exercisable
Prices		Outstanding		life (years)		Options		Exercisable		Options
$	0.41		125,000		0.07	$	0.41		125,000	$	0.41
$	0.50		125,000		0.07	$	0.50		125,000	$	0.50
$	0.60		50,000		1.75	$	0.60		43,750	$	0.60
$	1.00		50,000		1.75	$	1.00		43,750	$	1.00
$	1.25		130,000		2.25	$	1.25		-	$	-
$	1.75		130,000		2.25	$	1.75		-	$	-
			610,000		1.27	$	0.96		350,000	$	0.55

Transactions involving stock options are summarized as follows:

	Number of Shares		Weighted Average Exercise Price
Options outstanding at December 31, 2023		350,000	$	0.55

Granted		260,000	$	1.50
Exercised		-	$	-
Cancelled / Expired		-	$	-

Options outstanding at March 31, 2024 (unaudited)		610,000	$	0.96
Options exercisable at March 31, 2024 (unaudited)		350,000	$	0.55

During the three months ended March 31, 2024 and 2023, the Company charged the amount of $2,034 and $0, respectively, to operations for the vesting of stock options.

RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2024

16. RELATED PARTY TRANSACTIONS

Payments to Prior Executive Officers under Separation Agreements

During the three months ended March 31, 2024, the Company made the following payments to previous Executive Officers in connection with separation agreements (see note 12):

The Company paid cash in the amount of $83,333 to Mr. Klepfish, its prior CEO.

The Company made Cobra payments on behalf of Mr. Weirnasz, its prior Director of Strategic Acquisitions and previous board member, in the amount of $967.

The Company made cash payments to Mr. Tang, its prior CFO, in the amount of $41,125, and made Cobra payments on behalf of Mr. Tang in the amount of $2,885.

MAJOR CUSTOMERS

3 Months Ended

Mar. 31, 2024

Risks and Uncertainties [Abstract]

Concentration Risk Disclosure [Text Block]

17. MAJOR CUSTOMERS

COMMITMENTS AND CONTINGENT LIABILITIES

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

18. COMMITMENTS AND CONTINGENCIES

Litigation

SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2024

Subsequent Events [Abstract]

Subsequent Events [Text Block]

19. SUBSEQUENT EVENTS

Share Incentive Plan Performance Goal Achieved

On April 17, 2024, the Company’s stock price achieved the first price target of $0.87 under the COO Stock Plan and the Company became obligated to issue a total of 196,627 shares to its COO.

Pay vs Performance Disclosure - USD ($)	3 Months Ended
Pay vs Performance Disclosure - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 1,425,874	$ (2,828,766)

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accounting Policies, by Policy (Policies)

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Business Activity

Restructuring

Discontinued Operations, Policy [Policy Text Block]

Discontinued Operations

Reclassification, Comparability Adjustment [Policy Text Block]

Reclassifications

Certain amounts presented in the financial statements of the prior period have been reclassified to conform with the current period presentation of discontinued operations. See note 2.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

Concentration Risk, Credit Risk, Policy [Policy Text Block]

Concentrations of Credit Risk

Receivable [Policy Text Block]

Accounts Receivable

Lessee, Leases [Policy Text Block]

Leases

Revenue [Policy Text Block]

Revenue Recognition

Revenue from Contract with Customer [Policy Text Block]

Deferred Revenue

The following table represents the changes in deferred revenue as reported on the Company’s consolidated balance sheets:

Balance as of December 31, 2022	$	1,558,155
Cash payments received		215,346
Net sales recognized		(534,711	)
Balance as of March 31, 2023 (unaudited)	$	1,238,790

Balance as of December 31, 2023	$	1,312,837
Cash payments received		4,033,077
Net sales recognized		(4,117,978	)
Balance as of March 31, 2024 (unaudited)	$	1,227,936

Long-Duration Contracts Revenue Recognition, Policy [Policy Text Block]

Disaggregation of Revenue

The following table represents a disaggregation of revenue for the three months ended March 31, 2024 and 2023:

	Three Months Ended
	March 31,
	2024		2023
	(unaudited)		(unaudited)
Specialty Foodservice	$	13,993,565	$	13,804,785
E-Commerce		1,528,337		2,621,405
Logistics		208,211		248,569
Total	$	15,730,113	$	16,674,759

Cost of Goods and Service [Policy Text Block]

Cost of goods sold

We have also included all payroll costs as cost of goods sold in our leasing and logistics services business.

Earnings Per Share, Policy [Policy Text Block]

Basic and Diluted Earnings Per Share

Dilutive shares at March 31, 2024:

Stock Options

The following table summarizes the options outstanding and the related prices for the options to purchase shares of the Company’s common stock issued by the Company at March 31, 2024:

				Weighted
				average
				Remaining
Exercise		Number of		contractual
Price		Options		life (years)
$	0.41		125,000		0.07
$	0.50		125,000		0.07
$	0.60		50,000		1.75
$	1.00		50,000		1.75
$	1.25		130,000		2.25
$	1.75		130,000		2.25
			610,000		1.27

Restricted Stock Awards

Stock-based Compensation

Dilutive shares at March 31, 2023:

Stock Options

The following table summarizes the options outstanding and the related prices for the options to purchase shares of the Company’s common stock issued by the Company at March 31, 2023:

				Weighted
				Average
				Remaining
Exercise		Number		Contractual
Price		of Options		Life (years)
$	0.41		125,000		1.07
$	0.50		125,000		1.07
$	0.60		50,000		2.75
$	0.62		360,000		0.75
$	0.85		540,000		0.75
$	1.00		50,000		2.75
$	1.20		950,000		0.74
			2,200,000		0.87

Restricted Stock Awards

Stock-based Compensation

New Accounting Pronouncements, Policy [Policy Text Block]

New Accounting Pronouncements

NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Deferred Revenue, by Arrangement, Disclosure [Table Text Block]

The following table represents the changes in deferred revenue as reported on the Company’s consolidated balance sheets:

Balance as of December 31, 2022	$	1,558,155
Cash payments received		215,346
Net sales recognized		(534,711	)
Balance as of March 31, 2023 (unaudited)	$	1,238,790

Balance as of December 31, 2023	$	1,312,837
Cash payments received		4,033,077
Net sales recognized		(4,117,978	)
Balance as of March 31, 2024 (unaudited)	$	1,227,936

Disaggregation of Revenue [Table Text Block]

The following table represents a disaggregation of revenue for the three months ended March 31, 2024 and 2023:

	Three Months Ended
	March 31,
	2024		2023
	(unaudited)		(unaudited)
Specialty Foodservice	$	13,993,565	$	13,804,785
E-Commerce		1,528,337		2,621,405
Logistics		208,211		248,569
Total	$	15,730,113	$	16,674,759

Dilutive Shares [Table Text Block]

The following table summarizes the options outstanding and the related prices for the options to purchase shares of the Company’s common stock issued by the Company at March 31, 2024:

				Weighted
				average
				Remaining
Exercise		Number of		contractual
Price		Options		life (years)
$	0.41		125,000		0.07
$	0.50		125,000		0.07
$	0.60		50,000		1.75
$	1.00		50,000		1.75
$	1.25		130,000		2.25
$	1.75		130,000		2.25
			610,000		1.27

				Weighted
				Average
				Remaining
Exercise		Number		Contractual
Price		of Options		Life (years)
$	0.41		125,000		1.07
$	0.50		125,000		1.07
$	0.60		50,000		2.75
$	0.62		360,000		0.75
$	0.85		540,000		0.75
$	1.00		50,000		2.75
$	1.20		950,000		0.74
			2,200,000		0.87

DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Mar. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The following information presents the major classes of line item of assets and liabilities included as part of discontinued operations in the consolidated balance sheets:

	March 31,		December 31,
	2024		2023
Current assets - discontinued operations:	(unaudited)
Cash	$	19,973	$	95,319
Accounts receivable		635		501
Inventory		41		41
Other current assets		-		-
Total current assets - discontinued operations	$	20,649	$	95,861

Current liabilities - discontinued operations:
Accounts payable and accrued liabilities	$	-	$	986
Accrued payroll and related liabilities		-		3,267
Deferred revenue		2,522		2,169
Total current liabilities - discontinued operations	$	2,522	$	6,422

	Three Months Ended
	March 31,			March 31,
	2024			2023
Revenue	$	24,856		$	320,441
Cost of goods sold		(2,238	)		(8,080	)
Gross margin		22,618			312,361

Selling, general, and administrative expenses		(32,723	)		(354,692	)

Interest income		-			280
Loss from discontinued operations, net of tax	$	(10,105	)	$	(42,051	)

ACCOUNTS RECEIVABLE (Tables)

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

At March 31, 2024 and December 31, 2023, accounts receivable consists of:

	March 31, 2024			December 31, 2023
	(unaudited)
Accounts receivable from customers	$	4,178,633		$	4,354,203
Allowance for doubtful accounts		(69,359	)		(46,477	)
Accounts receivable, net	$	4,109,274		$	4,307,726

INVENTORY (Tables)

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventory consists primarily of specialty food products. At March 31, 2024 and December 31, 2023, inventory consisted of the following:

	March 31, 2024		December 31, 2023
	(unaudited)
Finished goods inventory	$	2,840,682	$	2,973,134
Allowance for slow moving & obsolete inventory		-		-
Finished goods inventory, net	$	2,840,682	$	2,973,134

PROPERTY AND EQUIPMENT (Tables)

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

A summary of property and equipment at March 31, 2024 and December 31, 2023 is as follows:

	March 31, 2024			December 31, 2023
	(unaudited)
Land	$	208,140		$	1,079,512
Building		711,409			6,571,496
Computer and Office Equipment		599,242			597,834
Warehouse Equipment		477,090			477,090
Furniture and Fixtures		940,960			940,960
Vehicles		58,353			58,353
Total before accumulated depreciation		2,995,194			9,725,245
Less: accumulated depreciation		(2,021,051	)		(2,725,230	)
Total	$	974,143		$	7,000,015

PROPERTY AND EQUIPMENT CLASSIFIED AS HELD FOR SALE (Tables)

3 Months Ended

Mar. 31, 2024

Property And Equipment Held For Sale Disclosure Abstract

Disclosure of Long-Lived Assets Held-for-Sale [Table Text Block]

The net book value of these assets consisted of the following at March 31, 2024 and December 31, 2023:

	March 31,		December 31,
	2024		2023

Land	$	871,372	$	177,383
Building		5,070,561		431,147
Furniture, fixtures, and equipment		-		41,314
Total	$	5,941,933	$	649,844

RIGHT OF USE (“ROU”) ASSETS AND LEASE LIABILITIES – OPERATING LEASES (Tables)

3 Months Ended

Mar. 31, 2024

Disclosure Text Block [Abstract]

Property, Plant, and Equipment, Lessor Asset under Operating Lease [Table Text Block]

Right of use assets – operating leases are summarized below:

	March 31, 2024		December 31, 2023
	(unaudited)
Warehouse equipment	$	18,477	$	21,869
Office equipment		5,867		6,650
Right of use assets, net	$	24,344	$	28,519

Lease, Cost [Table Text Block]

Operating lease liabilities are summarized below:

	March 31, 2024			December 31, 2023
	(unaudited)
Warehouse equipment	$	18,477		$	21,869
Office equipment		5,867			6,650
Lease liability	$	24,344		$	28,519
Less: current portion		(17,422	)		(17,131	)
Lease liability, non-current	$	6,922		$	11,388

Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]

Maturity analysis under these lease agreements are as follows:

For the period ended March 31, 2025	$	18,532
For the period ended March 31, 2026		7,051
Total	$	25,583
Less: Present value discount		(1,239	)
Lease liability	$	24,344

RIGHT OF USE ASSETS – FINANCING LEASES (Tables)

3 Months Ended

Mar. 31, 2024

Disclosure Text Block [Abstract]

Lease, Cost [Table Text Block]

The Company has financing leases for vehicles and warehouse equipment. Right of use asset – financing leases are summarized below:

	March 31, 2024			December 31, 2023
	(unaudited)
Vehicles	$	404,858		$	404,858
Warehouse Equipment		555,416			555,416
Total before accumulated depreciation		960,274			960,274
Less: accumulated depreciation		(548,786	)		(523,871	)
Total	$	411,488		$	436,403

Finance Lease [Table Text Block]

	March 31, 2024		December 31, 2023
	(unaudited)
Financing lease obligation under a lease agreement for a forklift dated July 12, 2021 in the original amount of $16,070 payable in thirty-six monthly installments of $489 including interest at the rate of 6.01%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $1,431 and $36, respectively.	$	1,453	$	2,884

Financing lease obligation under a lease agreement for a pallet truck dated July 15, 2021 in the original amount of $5,816 payable in thirty-six monthly installments of $177 including interest at the rate of 6.01%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $518 and $13, respectively.	$	526	$	1,044

Financing lease obligation under a lease agreement for warehouse furniture and equipment truck dated October 14, 2020 in the original amount of $514,173 payable in sixty monthly installments of $9,942 including interest at the rate of 6.01%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amount of $19,084 and $2,834, respectively.	$	170,712	$	197,707

	March 31, 2024		December 31, 2023
	(unaudited)
Financing lease obligation under a lease agreement for a truck dated March 31, 2020 in the original amount of $152,548 payable in eighty-four monthly installments of $2,188 including interest at the rate of 5.44%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $5,552 and $1,012, respectively.	$	70,666	$	76,218

Financing lease obligation under a lease agreement for a truck dated November 5, 2018 in the original amount of $128,587 payable in seventy monthly installments of $2,326 including interest at the rate of 8.33%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $6,647 and $330, respectively.		11,388	$	18,035

Financing lease obligation under a lease agreement for a truck dated August 23, 2019 in the original amount of $80,413 payable in eighty-four monthly installments of $1,148 including interest at the rate of 5.0%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $3,040 and $404, respectively.	$	30,282	$	33,322

Financing lease obligation under a lease agreement for a truck dated February 4, 2022 in the original amount of $42,500 payable in twenty-four monthly installments of $1,963 including interest at the rate of 10.1%. During the three months ended March 31, 2024, the Company made principal and interest payments on this lease obligation in the amounts of $5,794 and $98, respectively.	$	-	$	5,794

Total	$	285,027	$	335,004

Current portion	$	136,096	$	115,738
Long-term maturities		148,931		219,266
Total	$	285,027	$	335,004

Finance Lease, Liability, to be Paid, Maturity [Table Text Block]

Aggregate maturities of lease liabilities:

2025	$	160,993
2026		96,060
2027		27,974
Total	$	285,027

INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

The following is the net book value of these assets:

	March 31, 2024 (unaudited)
			Accumulated
	Gross		Amortization		Net
Trade Names	$	217,000	$	-	$	217,000

	December 31, 2023
			Accumulated
	Cost		Amortization		Net
Total Trade Names	$	217,000	$	-	$	217,000

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2024

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]

Accounts payable and accrued liabilities at March 31, 2024 and December 31, 2023 are as follows:

	March 31, 2024		December 31, 2023
	(unaudited)
Trade payables and accrued liabilities	$	2,955,157	$	6,046,396
Accrued payroll and commissions		156,514		206,555
Total	$	3,111,671	$	6,252,951

ACCRUED SEPARATION COSTS – RELATED PARTIES (Tables)

3 Months Ended

Mar. 31, 2024

The following table represents the amounts accrued, paid, and outstanding on these agreements as of March 31, 2024:

	Total		Paid / Issued			Balance		Current		Non-current
Mr. Klepfish:
Cash – through March 6, 2026	$	1,000,000	$	(358,975	)	$	641,025	$	333,333	$	307,692
Cash - upon agreement execution		250,000		(250,000	)		-		-		-
Stock - June 1, 2027		400,000		-			400,000		-		400,000
Stock - Issued in April 2023		168,000		(168,000	)		-		-		-
Cobra - over eighteen months		1,199		-			1,199		1,199		-
Total – Mr. Klepfish	$	1,819,199	$	(776,975	)	$	1,042,224	$	334,532	$	707,692

Mr. Wiernasz:
Cash - three equal payments	$	100,000	$	(100,000	)	$	-	$	-	$	-
Cobra - over eighteen months		26,451		(26,451	)		-		-		-
Total - Mr. Wiernasz	$	126,451	$	(126,451	)	$	-	$	-	$	-

Mr. Tang:
Cash – over seventeen weeks	$	113,918	$	(41,425	)	$	72,493	$	72,493	$	-
Cobra - over five months		14,495		(2,885	)		11,610		11,610		-
Total - Mr. Tang	$	128,413	$	(44,310	)	$	84,103	$	84,103	$	-

Total Company	$	2,074,063	$	(947,736	)	$	1,126,327	$	418,635	$	707,692

STOCK APPRECIATION RIGHTS LIABILITY (Tables)

3 Months Ended

Mar. 31, 2024

Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]

Change in valuation of stock appreciation rights [TableTextBlock]

The change in valuation of the Smallwood SARs is summarized in the table below:

May 15, 2023 - fair value	$	9,794
(Gain) Loss on revaluation		245,226
December 31, 2023 -fair value	$	255,020
(Gain) Loss on revaluation		118,898
March 31, 2024 - fair value	$	373,918

NOTES PAYABLE (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

March 31,

2024

December 31,

2023

(unaudited)

8,962,933

8,985,642

	March 31, 2024		December 31, 2023
	(unaudited)
On June 6, 2022, the Company entered into a term loan agreement with MapleMark (the “MapleMark Term Loan 2”) for the original amount of $356,800. This amount was paid by MapleMark directly to Fifth Third Bank in satisfaction of the outstanding principal and interest due under existing loans with Fifth Third Bank. The MapleMark Term Loan 2 originally matured on May 27, 2023. On June 9, 2023, the USDA approved the Guarantee of MapleMark Term Loan 1 which allowed the Company to extend the term of the MapleMark Term Loan 2 from May 27, 2023 to May 27, 2033 with monthly payments in the amount of approximately $2,311 commencing July 1, 2023 and continuing through June 1, 2033. On July 1, 2033, a final payment in the amount of approximately $303,536 will be due on the MapleMark Term Loan 2. The MapleMark Term Loan 2 contains negative covenants that, subject to certain exceptions, limits the ability of the Company and its subsidiaries to, among other things, incur additional indebtedness, make restricted payments, pledge their assets as security, make investments, loans, advances, guarantees and acquisitions, undergo fundamental changes and enter into transactions with affiliates. The Term Loan Agreements also provides that the Company and its subsidiaries on a consolidated basis, meet a Fixed Charge Coverage Ratio as described in detail in the Loan Agreements. The Term Loan Agreements contain events of default that are customary for a facility of this nature, including (subject in certain cases to grace periods and thresholds) nonpayment of principal, nonpayment of interest, fees or other amounts, material inaccuracy of representations and warranties, violation of covenants, cross-default to certain other existing indebtedness, bankruptcy or insolvency events, and certain judgment defaults as specified in the Term Loan Agreements. If an event of default occurs, the maturity of the amounts owed under the Term Loan Agreements may be accelerated. The obligations under the Term Loan Agreements are guaranteed by the Company and IFP and are secured by mortgages on their real estate located in Florida, Illinois, and Pennsylvania and substantially all of their assets, in each case, subject to certain exceptions and permitted liens. The Company recorded a discount to this loan in the amount of $23,367 in connection with financing costs which was amortized to interest expense during the year ended December 31, 2022. On February 14, 2024, The Company sold its Race Track Road Facility in Bonita Springs, Florida, which had been pledged as security for the MapleMark Term Loan 2 (see note 7). Proceeds from the sale in the amount of $352,905 and $910 were used to pay the remaining principal and interest, respectively, on the MapleMark Term Loan 2. At March 31, 2024, there are no amounts due under the MapleMark Term Loan 2.	$	-	$	352,905

A note payable in the amount of $20,000. The Note was due in January 2006 and the Company is currently accruing interest on this note at 1.9%. During the three months ended March 31, 2024, the Company accrued interest in the amount of $96 on this note. At March 31, 2024, accrued interest on this note was $18,578.	$	20,000	$	20,000

Total	$	8,982 933		$	9,358,547
Discount		(381,222	)		(382,506	)
Net of discount	$	8,601,711		$	8,976,041

Current portion	$	100,237		$	121,041
Long-term maturities, net of discount		8,501,474			8,855,000
Total	$	8,601,711		$	8,976,041

Schedule of Maturities of Long-Term Debt [Table Text Block]

Aggregate maturities of notes payable as of March 31, 2024 are as follows:

2025	$	120,237
2026		110,532
2027		121,884
2028		134,403
2029		148,207
Thereafter		8,347,670
Total	$	8,982,933

EQUITY (Tables)

3 Months Ended

Mar. 31, 2024

EQUITY (Tables) [Line Items]

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	December 31, 2023
Volatility		103.9%-113.7%
Dividends	$	0
Risk-free interest rates		4.45%-4.45%
Expected term (years)		2.63-2.91

	March 31,			December 31,
	2024			2023
Volatility		86.58	%		45.0-53.3	%
Dividends	$	-		$	-
Risk-free interest rates		4.59	%		3.67-4.87	%
Term (years)		2.75			2.63-2.51

Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block]

The following table summarizes the options outstanding at March 31, 2024 and the related prices for the options to purchase shares of the Company’s common stock issued by the Company:

						Weighted				Weighted
				Weighted		average				average
				average		exercise				exercise
Range of		Number of		Remaining		price of		Number of		price of
exercise		options		contractual		outstanding		options		exercisable
Prices		Outstanding		life (years)		Options		Exercisable		Options
$	0.41		125,000		0.07	$	0.41		125,000	$	0.41
$	0.50		125,000		0.07	$	0.50		125,000	$	0.50
$	0.60		50,000		1.75	$	0.60		43,750	$	0.60
$	1.00		50,000		1.75	$	1.00		43,750	$	1.00
$	1.25		130,000		2.25	$	1.25		-	$	-
$	1.75		130,000		2.25	$	1.75		-	$	-
			610,000		1.27	$	0.96		350,000	$	0.55

Share-Based Payment Arrangement, Option, Activity [Table Text Block]

Transactions involving stock options are summarized as follows:

	Number of Shares		Weighted Average Exercise Price
Options outstanding at December 31, 2023		350,000	$	0.55

Granted		260,000	$	1.50
Exercised		-	$	-
Cancelled / Expired		-	$	-

Options outstanding at March 31, 2024 (unaudited)		610,000	$	0.96
Options exercisable at March 31, 2024 (unaudited)		350,000	$	0.55

Chief Executive Officer [Member]

EQUITY (Tables) [Line Items]

Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award [Table Text Block]

		Number of Shares Granted - Lower of:
Stock		Number of Shares Issued			Maximum
Price		and Outstanding on			Number of
Target		Grant Date Multiplied by:			Shares
$	0.60		2.00	%		975,133
$	0.80		1.50	%		731,350
$	1.00		1.00	%		487,567
$	1.20		0.75	%		365,675
$	1.40		0.75	%		365,675
$	1.60		0.50	%		243,783
$	1.80		0.50	%		243,783
$	2.00		0.50	%		243,783

Chief Operating Officer [Member]

EQUITY (Tables) [Line Items]

Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award [Table Text Block]

		Number of Shares Granted - Lower of:
Stock		Number of Shares Issued			Maximum
Price		and Outstanding on			Number of
Target		Grant Date Multiplied by:			Shares
$	0.87		0.40	%		196,627
$	1.16		0.30	%		147,470
$	1.45		0.20	%		98,313
$	1.74		0.15	%		73,735
$	2.03		0.15	%		73,735
$	2.32		0.10	%		49,157
$	2.61		0.10	%		49,157
$	2.90		0.10	%		49,157

Chief Financial Officer [Member]

EQUITY (Tables) [Line Items]

Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award [Table Text Block]

		Number of Shares Granted - Lower of:
Stock		Number of Shares Issued			Maximum
Price		and Outstanding on			Number of
Target		Grant Date Multiplied by:			Shares
$	1.23		0.40	%		131,085
$	1.63		0.30	%		98,313
$	2.04		0.20	%		65,542
$	2.45		0.15	%		49,157
$	2.86		0.15	%		49,157
$	3.27		0.10	%		32,771
$	3.68		0.10	%		32,771
$	4.08		0.10	%		32,771

NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Cash, Uninsured Amount (in Dollars)	$ 931,857		$ 988,825
Accounts Receivable, Allowance for Credit Loss (in Dollars)	$ 69,359		$ 46,477
U.S. Foods, Inc. [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member]
NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Concentration Risk, Percentage	32.00%	23.00%
U.S. Foods, Inc. [Member] \| Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Concentration Risk, Percentage	49.00%	47.00%
Chief Executive Officer [Member]
NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Shares Issued, Shares, Share-Based Payment Arrangement, before Forfeiture	3,910,534	3,538,243
Restricted Stock [Member]
NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number	300,000	300,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted	300,000	300,000
Restricted Stock [Member] \| Share-Based Payment Arrangement, Tranche One [Member]
NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted	125,000	125,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights	vest contingent upon the attainment of a stock price of $2.00 per share for 20 straight trading days	vest contingent upon the attainment of a stock price of $2.00 per share for 20 straight trading days
Restricted Stock [Member] \| Share-Based Payment Arrangement, Tranche Two [Member]
NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number	175,000	175,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights	vest contingent upon the attainment of a stock price of $3.00 per share for 20 straight trading days	will vest contingent upon the attainment of a stock price of $3.00 per share for 20 straight trading days

NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) - Deferred Revenue, by Arrangement, Disclosure - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Deferred Revenue By Arrangement Disclosure Abstract
Balance	$ 1,312,837	$ 1,558,155
Cash payments received	4,033,077	215,346
Net sales recognized	(4,117,978)	(534,711)
Balance	$ 1,227,936	$ 1,238,790

NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) - Disaggregation of Revenue - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 15,730,113	$ 16,674,759
Specialty Food Services [Member]
Disaggregation of Revenue [Line Items]
Revenue	13,993,565	13,804,785
Ecommerce [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,528,337	2,621,405
Warehouse and Logistic Services [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 208,211	$ 248,569

NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Dilutive Shares - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Dilutive Shares [Line Items]
Number of Options	610,000	2,200,000
Weighted Average Remaining Contractual Life (years)	1 year 3 months 7 days	10 months 13 days
Options at $0.41 [Member]
NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Dilutive Shares [Line Items]
Exercise Price	$ 0.41	$ 0.41
Number of Options	125,000	125,000
Weighted Average Remaining Contractual Life (years)	25 days	1 year 25 days
Options at $0.50 [Member]
NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Dilutive Shares [Line Items]
Exercise Price	$ 0.5	$ 0.5
Number of Options	125,000	125,000
Weighted Average Remaining Contractual Life (years)	25 days	1 year 25 days
Options at $0.60 [Member]
NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Dilutive Shares [Line Items]
Exercise Price	$ 0.6	$ 0.6
Number of Options	50,000	50,000
Weighted Average Remaining Contractual Life (years)	1 year 9 months	2 years 9 months
Options at $1.00 [Member]
NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Dilutive Shares [Line Items]
Exercise Price	$ 1	$ 1
Number of Options	50,000	50,000
Weighted Average Remaining Contractual Life (years)	1 year 9 months	2 years 9 months
Options at $1.25 [Member]
NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Dilutive Shares [Line Items]
Exercise Price	$ 1.25
Number of Options	130,000
Weighted Average Remaining Contractual Life (years)	2 years 3 months
Options at $1.75 [Member]
NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Dilutive Shares [Line Items]
Exercise Price	$ 1.75
Number of Options	130,000
Weighted Average Remaining Contractual Life (years)	2 years 3 months
Options at $0.62 [Member]
NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Dilutive Shares [Line Items]
Exercise Price		$ 0.62
Number of Options		360,000
Weighted Average Remaining Contractual Life (years)		9 months
Options at $0.85 [Member]
NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Dilutive Shares [Line Items]
Exercise Price		$ 0.85
Number of Options		540,000
Weighted Average Remaining Contractual Life (years)		9 months
Options at $1.20 [Member]
NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Dilutive Shares [Line Items]
Exercise Price		$ 1.2
Number of Options		950,000
Weighted Average Remaining Contractual Life (years)		8 months 26 days

DISCONTINUED OPERATIONS (Details) - Disposal Groups, Including Discontinued Operations - Discontinued Operations [Member] - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash	$ 19,973		$ 95,319
Accounts receivable	635		501
Inventory	41		41
Other current assets	0		0
Total current assets - discontinued operations	20,649		95,861
Accounts payable and accrued liabilities	0		986
Accrued payroll and related liabilities	0		3,267
Deferred revenue	2,522		2,169
Total current liabilities - discontinued operations	2,522		$ 6,422
Revenue	24,856	$ 320,441
Cost of goods sold	(2,238)	(8,080)
Gross margin	22,618	312,361
Selling, general, and administrative expenses	(32,723)	(354,692)
Interest income	0	280
Loss from discontinued operations, net of tax	$ (10,105)	$ (42,051)

SALE OF SUBSIDIARY (Details) - USD ($)	Feb. 26, 2024	Mar. 31, 2024
SALE OF SUBSIDIARY (Details) [Line Items]
Stock Issued During Period, Shares, Acquisitions	21,126
Share Price (in Dollars per share)	$ 1	$ 1
Income (Loss) from Subsidiaries, Net of Tax (in Dollars)	$ 21,126
Haley Food Group, Inc. [Member]
SALE OF SUBSIDIARY (Details) [Line Items]
Subsidiary, Ownership Percentage, Parent	100.00%
Stock Repurchased During Period, Shares	21,126

ACCOUNTS RECEIVABLE (Details) - USD ($)	3 Months Ended
ACCOUNTS RECEIVABLE (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Receivables [Abstract]
Accounts Receivable, Credit Loss Expense (Reversal)	$ 22,882	$ 4,666

ACCOUNTS RECEIVABLE (Details) - Schedule of accounts receivable - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Schedule Of Accounts Receivable Abstract
Accounts receivable from customers	$ 4,178,633		$ 4,354,203
Allowance for doubtful accounts	(69,359)		(46,477)
Accounts receivable, net	$ 4,109,274	$ 4,307,726	$ 4,307,726

INVENTORY (Details) - Schedule of Inventory - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Schedule Of Inventory Abstract
Finished goods inventory	$ 2,840,682	$ 2,973,134
Allowance for slow moving & obsolete inventory	0	0
Finished goods inventory, net	$ 2,840,682	$ 2,973,134

PROPERTY AND EQUIPMENT (Details) - USD ($)	3 Months Ended
PROPERTY AND EQUIPMENT (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Depreciation	$ 85,345	$ 101,576
Payments to Acquire Property, Plant, and Equipment	$ 1,406	$ 7,995

PROPERTY AND EQUIPMENT (Details) - Schedule of property, plant and equipment - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 2,995,194	$ 9,725,245
Less: accumulated depreciation	(2,021,051)	(2,725,230)
Total	974,143	7,000,015
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	208,140	1,079,512
Building [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	711,409	6,571,496
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	599,242	597,834
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	477,090	477,090
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	940,960	940,960
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 58,353	$ 58,353

PROPERTY AND EQUIPMENT CLASSIFIED AS HELD FOR SALE (Details) - Race Track Road Property [Member]	Feb. 14, 2024 USD ($)
PROPERTY AND EQUIPMENT CLASSIFIED AS HELD FOR SALE (Details) [Line Items]
Proceeds from Sale, Property, Held-for-Sale	$ 2,455,000
Gain (Loss) on Disposition of Property Plant Equipment	1,807,516
Payments to Acquire Property, Plant, and Equipment	353,815
Expenses related to sale of Property	165,755
Sales Commissions and Fees	147,300
Excise and Sales Taxes	17,185
Clearance Fees	$ 1,270

PROPERTY AND EQUIPMENT CLASSIFIED AS HELD FOR SALE (Details) - Disclosure of Long-Lived Assets Held-for-Sale - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Long-Lived Assets Held-for-Sale [Line Items]
Assets held for sale	$ 5,941,933	$ 649,844
Land [Member]
Long-Lived Assets Held-for-Sale [Line Items]
Assets held for sale	871,372	177,383
Building [Member]
Long-Lived Assets Held-for-Sale [Line Items]
Assets held for sale	5,070,561	431,147
Furniture and Fixtures [Member]
Long-Lived Assets Held-for-Sale [Line Items]
Assets held for sale	$ 0	$ 41,314

RIGHT OF USE (“ROU”) ASSETS AND LEASE LIABILITIES – OPERATING LEASES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
RIGHT OF USE (“ROU”) ASSETS AND LEASE LIABILITIES – OPERATING LEASES (Details) [Line Items]
Operating Lease, Expense	$ 8,165	$ 18,790
Operating Lease, Right-of-Use Asset, Periodic Reduction	$ 4,175	$ 16,314
Minimum [Member]
RIGHT OF USE (“ROU”) ASSETS AND LEASE LIABILITIES – OPERATING LEASES (Details) [Line Items]
Lessee, Operating Lease, Term of Contract	1 year
Maximum [Member]
RIGHT OF USE (“ROU”) ASSETS AND LEASE LIABILITIES – OPERATING LEASES (Details) [Line Items]
Lessee, Operating Lease, Term of Contract	3 years

RIGHT OF USE (“ROU”) ASSETS AND LEASE LIABILITIES – OPERATING LEASES (Details) - Schedule of Property Subject to or Available for Operating Lease - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]
Right to use assets, net	$ 24,344	$ 28,519
Equipment [Member]
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]
Right to use assets, net	18,477	21,869
Office Equipment [Member]
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]
Right to use assets, net	$ 5,867	$ 6,650

RIGHT OF USE (“ROU”) ASSETS AND LEASE LIABILITIES – OPERATING LEASES (Details) - Lease, Cost - USD ($)	Mar. 31, 2024	Dec. 31, 2023
RIGHT OF USE (“ROU”) ASSETS AND LEASE LIABILITIES – OPERATING LEASES (Details) - Lease, Cost [Line Items]
Lease liability	$ 24,344	$ 28,519
Less: current portion	(17,422)	(17,131)
Lease liability, non-current	6,922	11,388
Equipment [Member]
RIGHT OF USE (“ROU”) ASSETS AND LEASE LIABILITIES – OPERATING LEASES (Details) - Lease, Cost [Line Items]
Lease liability	18,477	21,869
Office Equipment [Member]
RIGHT OF USE (“ROU”) ASSETS AND LEASE LIABILITIES – OPERATING LEASES (Details) - Lease, Cost [Line Items]
Lease liability	$ 5,867	$ 6,650

RIGHT OF USE (“ROU”) ASSETS AND LEASE LIABILITIES – OPERATING LEASES (Details) - Lessee, Operating Lease, Liability, Maturity - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Lessee Operating Lease Liability Maturity Abstract
For the period ended March 31, 2025	$ 18,532
For the period ended March 31, 2026	7,051
Total	25,583
Less: Present value discount	(1,239)
Lease liability	$ 24,344	$ 28,519

RIGHT OF USE ASSETS – FINANCING LEASES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disclosure Text Block [Abstract]
Finance Lease, Right-of-Use Asset, Amortization	$ 24,915	$ 33,480

RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Lease, Cost - USD ($)	Mar. 31, 2024	Dec. 31, 2023
RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Lease, Cost [Line Items]
Leased Assets, Gross	$ 960,274	$ 960,274
Less: accumulated depreciation	(548,786)	(523,871)
Total	411,488	436,403
Vehicles [Member]
RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Lease, Cost [Line Items]
Leased Assets, Gross	404,858	404,858
Equipment [Member]
RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Lease, Cost [Line Items]
Leased Assets, Gross	$ 555,416	$ 555,416

RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Finance Lease - USD ($)	Mar. 31, 2024	Dec. 31, 2023
RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Finance Lease [Line Items]
Financing lease obligations	$ 285,027	$ 335,004
Current portion	136,096	115,738
Long-term maturities	148,931	219,266
Finance Lease #6 [Member]
RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Finance Lease [Line Items]
Financing lease obligations	1,453	2,884
Finance Lease #5 [Member]
RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Finance Lease [Line Items]
Financing lease obligations	526	1,044
Finance Lease #1 [Member]
RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Finance Lease [Line Items]
Financing lease obligations	170,712	197,707
Finance Lease #2 [Member]
RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Finance Lease [Line Items]
Financing lease obligations	70,666	76,218
Finance Lease #3 [Member]
RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Finance Lease [Line Items]
Financing lease obligations	11,388	18,035
Finance Lease #4 [Member]
RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Finance Lease [Line Items]
Financing lease obligations	30,282	33,322
Finance Lease #7 [Member]
RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Finance Lease [Line Items]
Financing lease obligations	$ 0	$ 5,794

RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Finance Lease (Parentheticals) - USD ($)								3 Months Ended
	Feb. 04, 2022	Jul. 15, 2021	Jul. 12, 2021	Oct. 14, 2020	Mar. 31, 2020	Aug. 23, 2019	Nov. 05, 2018	Mar. 31, 2024
Finance Lease #6 [Member]
RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Finance Lease (Parentheticals) [Line Items]
Original amount			$ 16,070
Payable			thirty-six monthly installments of $489
Interest Rate			6.01%
Principal payments								$ 1,431
Interest Payments								36
Finance Lease #5 [Member]
RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Finance Lease (Parentheticals) [Line Items]
Original amount		$ 5,816
Payable		thirty-six monthly installments of $177
Interest Rate		6.01%
Principal payments								518
Interest Payments								13
Finance Lease #1 [Member]
RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Finance Lease (Parentheticals) [Line Items]
Original amount				$ 514,173
Payable				sixty monthly installments of $9,942
Interest Rate				6.01%
Principal payments								19,084
Interest Payments								2,834
Finance Lease #2 [Member]
RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Finance Lease (Parentheticals) [Line Items]
Original amount					$ 152,548
Payable					eighty-four monthly installments of $2,188
Interest Rate					5.44%
Principal payments								5,552
Interest Payments								1,012
Finance Lease #3 [Member]
RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Finance Lease (Parentheticals) [Line Items]
Original amount							$ 128,587
Payable							seventy monthly installments of $2,326
Interest Rate							8.33%
Principal payments								6,647
Interest Payments								330
Finance Lease #4 [Member]
RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Finance Lease (Parentheticals) [Line Items]
Original amount						$ 80,413
Payable						eighty-four monthly installments of $1,148
Interest Rate						5.00%
Principal payments								3,040
Interest Payments								404
Finance Lease #7 [Member]
RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Finance Lease (Parentheticals) [Line Items]
Original amount	$ 42,500
Payable	twenty-four monthly installments of $1,963
Interest Rate	10.10%
Principal payments								5,794
Interest Payments								$ 98

RIGHT OF USE ASSETS – FINANCING LEASES (Details) - Finance Lease, Liability, Maturity	Mar. 31, 2024 USD ($)
Finance Lease Liability Maturity Abstract
2025	$ 160,993
2026	96,060
2027	27,974
Total	$ 285,027

INTANGIBLE ASSETS (Details) - USD ($)	3 Months Ended
INTANGIBLE ASSETS (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
INTANGIBLE ASSETS (Details) [Line Items]
Amortization of Intangible Assets	$ 0	$ 0
Artisan [Member]
INTANGIBLE ASSETS (Details) [Line Items]
Other Intangible Assets, Net	$ 217,000

INTANGIBLE ASSETS (Details) - Schedule of intangible assets - Trade Names [Member] - USD ($)	Mar. 31, 2024	Dec. 31, 2023
INTANGIBLE ASSETS (Details) - Schedule of intangible assets [Line Items]
Intangible asset, gross	$ 217,000	$ 217,000
Intangible asset, Accumulated Amortization	0	0
Intangible asset, Net	$ 217,000	$ 217,000

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - Schedule of accounts payable and accrued liabilities - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Schedule Of Accounts Payable And Accrued Liabilities Abstract
Trade payables and accrued liabilities	$ 2,955,157	$ 6,046,396
Accrued payroll and commissions	156,514	206,555
Total	$ 3,111,671	$ 6,252,951

ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) - USD ($)				3 Months Ended		4 Months Ended
	Feb. 06, 2024	Feb. 28, 2023	Feb. 03, 2023	Mar. 31, 2024	Mar. 31, 2023	Jul. 01, 2024
ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) [Line Items]
Payments Of Separation Costs			$ 250,000	$ (947,736)
Shares Issued, Value, Share-Based Payment Arrangement, before Forfeiture					$ 45,680
Severance Costs				0	$ 1,945,650
Former CEO And Director [Member]
ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) [Line Items]
Payments Of Separation Costs				(776,975)
Debt Instrument, Face Amount			1,000,000
Debt Instrument, Periodic Payment			$ 6,410.26
Shares Issued, Shares, Share-Based Payment Arrangement, before Forfeiture (in Shares)			400,000
Shares Issued, Value, Share-Based Payment Arrangement, before Forfeiture			$ 168,000
Severance Costs				1,819,199
Former CEO And Director [Member] \| Shares To Be Delivered On June 1, 2027 [Member]
ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) [Line Items]
Payments Of Separation Costs				0
Shares Issued, Shares, Share-Based Payment Arrangement, before Forfeiture (in Shares)			266,666
Shares Issued, Value, Share-Based Payment Arrangement, before Forfeiture			$ 400,000
Former CEO And Director [Member] \| Insurance, Other [Member]
ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) [Line Items]
Payments Of Separation Costs				0
Severance Costs			$ 1,199
Former CEO And Director [Member] \| Payment Due Upon Execution Of Agreement [Member]
ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) [Line Items]
Payments Of Separation Costs				(250,000)
Director of Strategic Acquisitions [Member]
ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) [Line Items]
Payments Of Separation Costs				(126,451)
Severance Costs		$ 100,000		126,451
Insurance Payments Monthly		2,548
Director of Strategic Acquisitions [Member] \| Insurance, Other [Member]
ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) [Line Items]
Payments Of Separation Costs				(26,451)
Severance Costs		26,451
Director of Strategic Acquisitions [Member] \| Payment Due Upon Execution Of Agreement [Member]
ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) [Line Items]
Payments Of Separation Costs		33,333		(100,000)
Director of Strategic Acquisitions [Member] \| Payment Due March 15, 2023 [Member]
ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) [Line Items]
Payments Of Separation Costs		33,333
Director of Strategic Acquisitions [Member] \| Payment Due On April 15, 2023 [Member]
ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) [Line Items]
Payments Of Separation Costs		$ 33,334
Richard Tang [Member]
ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) [Line Items]
Severance Costs	$ 113,918
Richard Tang [Member] \| Legal Fees [Member]
ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) [Line Items]
Severance Costs	4,000
Richard Tang [Member] \| Payment Due March 4, 2024 [Member]
ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) [Line Items]
Payments Of Separation Costs	$ 25,890
Richard Tang [Member] \| Payment Due March 11, 2024 [Member]
ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) [Line Items]
Payments Of Separation Costs						$ 5,178
Mr. Klepfish [Member]
ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) [Line Items]
Payments Of Separation Costs				83,333
Mr. Wiernasz [Member] \| Insurance, Other [Member]
ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) [Line Items]
Payments Of Separation Costs				967
Mr. Tang [Member]
ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) [Line Items]
Payments Of Separation Costs				41,125
Mr. Tang [Member] \| Insurance, Other [Member]
ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) [Line Items]
Payments Of Separation Costs				$ 2,885

ACCRUED SEPARATION COSTS – RELATED PARTIES (Details) - Schedule of Related Party Transactions - USD ($)			3 Months Ended
	Feb. 28, 2023	Feb. 03, 2023	Mar. 31, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Total			$ 2,074,063
Paid / Issued		$ 250,000	(947,736)
Balance			1,126,327
Current			418,635	$ 463,911
Non-current			707,692
Former CEO And Director [Member]
Related Party Transaction [Line Items]
Total			1,819,199
Paid / Issued			(776,975)
Balance			1,042,224
Current			334,532
Non-current			707,692
Former CEO And Director [Member] \| Cash Payment Due March 6, 2026 [Member]
Related Party Transaction [Line Items]
Total			1,000,000
Paid / Issued			(358,975)
Balance			641,025
Current			333,333
Non-current			307,692
Former CEO And Director [Member] \| Payment Due Upon Execution Of Agreement [Member]
Related Party Transaction [Line Items]
Total			250,000
Paid / Issued			(250,000)
Balance			0
Current			0
Non-current			0
Former CEO And Director [Member] \| Shares To Be Delivered On June 1, 2027 [Member]
Related Party Transaction [Line Items]
Total			400,000
Paid / Issued			0
Balance			400,000
Current			0
Non-current			400,000
Former CEO And Director [Member] \| Shares Issued April 2023 [Member]
Related Party Transaction [Line Items]
Total			168,000
Paid / Issued			(168,000)
Balance			0
Current			0
Non-current			0
Former CEO And Director [Member] \| Insurance, Other [Member]
Related Party Transaction [Line Items]
Total			1,199
Paid / Issued			0
Balance			1,199
Current			1,199
Non-current			0
Director of Strategic Acquisitions [Member]
Related Party Transaction [Line Items]
Total			126,451
Paid / Issued			(126,451)
Balance			0
Current			0
Non-current			0
Director of Strategic Acquisitions [Member] \| Payment Due Upon Execution Of Agreement [Member]
Related Party Transaction [Line Items]
Total			100,000
Paid / Issued	$ 33,333		(100,000)
Balance			0
Current			0
Non-current			0
Director of Strategic Acquisitions [Member] \| Insurance, Other [Member]
Related Party Transaction [Line Items]
Total			26,451
Paid / Issued			(26,451)
Balance			0
Current			0
Non-current			0
Chief Financial Officer [Member]
Related Party Transaction [Line Items]
Total			128,413
Paid / Issued			(44,310)
Balance			84,103
Current			84,103
Non-current			0
Chief Financial Officer [Member] \| Payment Due Upon Execution Of Agreement [Member]
Related Party Transaction [Line Items]
Total			113,918
Paid / Issued			(41,425)
Balance			72,493
Current			72,493
Non-current			0
Chief Financial Officer [Member] \| Insurance, Other [Member]
Related Party Transaction [Line Items]
Total			14,495
Paid / Issued			(2,885)
Balance			11,610
Current			11,610
Non-current			$ 0

STOCK APPRECIATION RIGHTS LIABILITY (Details) - Stock Appreciation Rights (SARs) [Member] - USD ($)		3 Months Ended
	May 15, 2023	Mar. 31, 2024
STOCK APPRECIATION RIGHTS LIABILITY (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period	1,500,000
Share-Based Payment Arrangement, Noncash Expense	$ 9,794	$ 118,898

STOCK APPRECIATION RIGHTS LIABILITY (Details) - Change in valuation of stock appreciation rights - Stock Appreciation Rights (SARs) [Member] - USD ($)	3 Months Ended	8 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
STOCK APPRECIATION RIGHTS LIABILITY (Details) - Change in valuation of stock appreciation rights [Line Items]
Balance	$ 255,020	$ 9,794
(Gain) Loss on revaluation	118,898	245,226
Balance	$ 373,918	$ 255,020

NOTES PAYABLE (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Interest Payable	$ 93,829	$ 95,942

NOTES PAYABLE (Details) - Schedule of debt - USD ($)	Mar. 31, 2024	Dec. 31, 2023
NOTES PAYABLE (Details) - Schedule of debt [Line Items]
Notes payable	$ 8,982,933	$ 9,358,547
Discount	(381,222)	(382,506)
Total, net of discount	8,601,711	8,976,041
Current portion	100,237	121,041
Long-term maturities	8,501,474	8,855,000
Maple Mark Term Loan 3 [Member]
NOTES PAYABLE (Details) - Schedule of debt [Line Items]
Notes payable	8,962,933	8,985,642
Maple Mark Term Loan 2 [Member]
NOTES PAYABLE (Details) - Schedule of debt [Line Items]
Notes payable	0	352,905
Convertible Debt [Member]
NOTES PAYABLE (Details) - Schedule of debt [Line Items]
Convertible Note Payable	$ 20,000	$ 20,000

NOTES PAYABLE (Details) - Schedule of debt (Parentheticals) - USD ($)				3 Months Ended		125 Months Ended	305 Months Ended
	Jun. 13, 2023	Jun. 09, 2023	Jun. 06, 2022	Mar. 31, 2024	Mar. 31, 2023	Jun. 01, 2033	Jun. 13, 2048	Dec. 31, 2023	Dec. 31, 2022
NOTES PAYABLE (Details) - Schedule of debt (Parentheticals) [Line Items]
Discount				$ 1,283	$ 0
Principal payments				22,708	$ 2,757
accrued interest				$ 93,829				$ 95,942
Maple Mark Term Loan 3 [Member]
NOTES PAYABLE (Details) - Schedule of debt (Parentheticals) [Line Items]
Amount	$ 9,057,840
							$ 80,025
	June 13, 2048
Interest rate	Amounts outstanding under the Maple Mark Term Loan 3 will bear interest at the rate equal to the lesser of (a) the Maximum Lawful Rate, or (b) the greater of (i) WSJP (the “Prime Rate” as published by The Wall Street Journal) plus 1.25% per annum or (ii) 4.50% per annum. At March 31, 2024, the interest rate was 9.50%. The MapleMark Term Loan 3 matures on June 13, 2048.
Interest				9.50%
Discount	$ 385,803			$ 1,284
				221,317
accrued interest				75,251
Maple Mark Term Loan 3 [Member] \| Principal [Member]
NOTES PAYABLE (Details) - Schedule of debt (Parentheticals) [Line Items]
Principal payments				22,709
Maple Mark Term Loan 2 [Member]
NOTES PAYABLE (Details) - Schedule of debt (Parentheticals) [Line Items]
Amount			$ 356,800
						$ 2,311
		May 27, 2033
Discount			$ 23,367
Principal payments				352,905
				910
Final payment		$ 303,536
									$ 23,367
Convertible Debt [Member]
NOTES PAYABLE (Details) - Schedule of debt (Parentheticals) [Line Items]
Amount				$ 20,000
Interest				1.90%
				$ 96
accrued interest				$ 18,578

NOTES PAYABLE (Details) - Schedule of Maturities of Long-Term Debt	Mar. 31, 2024 USD ($)
Schedule Of Maturities Of Long Term Debt Abstract
2025	$ 120,237
2026	110,532
2027	121,884
2028	134,403
2029	148,207
Thereafter	8,347,670
Total	$ 8,982,933

EQUITY (Details)						3 Months Ended
EQUITY (Details)	Feb. 26, 2024 USD ($) $ / shares shares	Jan. 01, 2024 USD ($)	Nov. 07, 2023 shares	May 15, 2023 USD ($) $ / shares shares	Feb. 28, 2023 USD ($) shares	Mar. 31, 2024 USD ($) $ / shares shares	Mar. 31, 2023 USD ($) shares	Mar. 19, 2024 USD ($)	Dec. 31, 2023 shares
EQUITY (Details) [Line Items]
Common Stock, Shares, Issued (in Shares) \| shares						52,516,974			52,538,100
Common Stock, Shares, Outstanding (in Shares) \| shares						49,693,803			49,714,929
Common Stock Issued, but not Outstanding (in Shares) \| shares									2,823,171
Stock Issued During Period, Shares, Acquisitions (in Shares) \| shares	21,126
Share Price (in Dollars per share) \| $ / shares	$ 1					$ 1
Income (Loss) from Subsidiaries, Net of Tax	$ 21,126
Stock Issued During Period, Value, Issued for Services					$ 112,152		$ 112,142
Shares Issued, Value, Share-Based Payment Arrangement, before Forfeiture							$ 45,680
Stock Issued During Period, Shares, New Issues (in Shares) \| shares			678,302
NumberOfDirectors							2
Share-Based Payment Arrangement, Expense							$ 52,919
Share-Based Payment Arrangement, Noncash Expense						$ 103,235	$ 178,048
Haley Food Group, Inc. [Member]
EQUITY (Details) [Line Items]
Subsidiary, Ownership Percentage, Parent	100.00%
Stock Repurchased During Period, Shares (in Shares) \| shares	21,126
Mr. Bennett [Member]
EQUITY (Details) [Line Items]
Common Stock Issued, but not Outstanding (in Shares) \| shares						2,823,171
Common Stock, Share Subscribed but Unissued, Subscriptions Receivable								$ 731,350
Previous CFO [Member]
EQUITY (Details) [Line Items]
Stock Issued During Period, Shares, Issued for Services (in Shares) \| shares					267,030
Previous CEO [Member]
EQUITY (Details) [Line Items]
Shares Issued, Shares, Share-Based Payment Arrangement, before Forfeiture (in Shares) \| shares							400,007
Shares Issued, Value, Share-Based Payment Arrangement, before Forfeiture							$ 93,600
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in Shares) \| shares							207,839
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation							$ 52,919
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture (in Shares) \| shares							192,168
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture							$ 45,680
Chief Executive Officer [Member]
EQUITY (Details) [Line Items]
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in Shares) \| shares			296,831
Restricted Stock [Member] \| Minimum [Member]
EQUITY (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period							1 year
Restricted Stock [Member] \| Maximum [Member]
EQUITY (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period							3 years
Stock Appreciation Rights (SARs) [Member]
EQUITY (Details) [Line Items]
Shares Issued, Value, Share-Based Payment Arrangement, before Forfeiture						$ 373,918
Share-Based Payment Arrangement, Noncash Expense				$ 9,794		118,898
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in Shares) \| shares				1,500,000
SARs Priced At150 [Member]
EQUITY (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in Shares) \| shares				750,000
Shares Issued, Price Per Share (in Dollars per share) \| $ / shares				$ 1.5
SARs Priced At200 [Member]
EQUITY (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in Shares) \| shares				750,000
Shares Issued, Price Per Share (in Dollars per share) \| $ / shares				$ 2
Share-Based Payment Arrangement, Option [Member]
EQUITY (Details) [Line Items]
Share-Based Payment Arrangement, Expense						2,034	$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value						$ 156,075
Officers and directors [Member]
EQUITY (Details) [Line Items]
Stock Issued During Period, Shares, New Issues (in Shares) \| shares							15,106
Stock Issued During Period, Value, New Issues							$ 5,000
Chief Executive Officer [Member]
EQUITY (Details) [Line Items]
Shares Issued, Shares, Share-Based Payment Arrangement, before Forfeiture (in Shares) \| shares						3,910,534	3,538,243
Share-Based Payment Arrangement, Expense						$ 58,283	$ 19,428
Share-Based Payment Arrangement, Amount Capitalized						660,541
Chief Operating Officer [Member]
EQUITY (Details) [Line Items]
Share-Based Payment Arrangement, Expense						19,043
Share-Based Payment Arrangement, Amount Capitalized				$ 199,951
Chief Financial Officer [Member]
EQUITY (Details) [Line Items]
Share-Based Payment Arrangement, Expense						$ 23,875
Share-Based Payment Arrangement, Amount Capitalized		$ 238,747

EQUITY (Details) - Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Stock Price Target 0.60 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 0.6
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	2.00%
Maximum Number Of Shares \| shares	975,133
Stock Price Target 0.80 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 0.8
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	1.50%
Maximum Number Of Shares \| shares	731,350
Stock Price Target 1.00 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 1
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	1.00%
Maximum Number Of Shares \| shares	487,567
Stock Price Target 1.20 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 1.2
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.75%
Maximum Number Of Shares \| shares	365,675
Stock Price Target 1.40 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 1.4
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.75%
Maximum Number Of Shares \| shares	365,675
Stock Price Target 1.60 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 1.6
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.50%
Maximum Number Of Shares \| shares	243,783
Stock Price Target 1.80 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 1.8
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.50%
Maximum Number Of Shares \| shares	243,783
Stock Price Target 2.00 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 2
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.50%
Maximum Number Of Shares \| shares	243,783

EQUITY (Details) - Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Stock Price Target 0.87 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 0.87
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.40%
Maximum Number Of Shares \| shares	196,627
Stock Price Target 1.16 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 1.16
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.30%
Maximum Number Of Shares \| shares	147,470
Stock Price Target 1.45 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 1.45
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.20%
Maximum Number Of Shares \| shares	98,313
Stock Price Target 1.74 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 1.74
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.15%
Maximum Number Of Shares \| shares	73,735
Stock Price Target 2.03 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 2.03
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.15%
Maximum Number Of Shares \| shares	73,735
Stock Price Target 2.32 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 2.32
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.10%
Maximum Number Of Shares \| shares	49,157
Stock Price Target 2.61 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 2.61
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.10%
Maximum Number Of Shares \| shares	49,157
Stock Price Target 2.90 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 2.9
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.10%
Maximum Number Of Shares \| shares	49,157

EQUITY (Details) - Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Stock Price Target 1.23 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 1.23
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.40%
Maximum Number Of Shares \| shares	131,085
Stock Price Target 1.63 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 1.63
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.30%
Maximum Number Of Shares \| shares	98,313
Stock Price Target 2.04 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 2.04
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.20%
Maximum Number Of Shares \| shares	65,542
Stock Price Target 2.45 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 2.45
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.15%
Maximum Number Of Shares \| shares	49,157
Stock Price Target 2.86 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 2.86
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.15%
Maximum Number Of Shares \| shares	49,157
Stock Price Target 3.27 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 3.27
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.10%
Maximum Number Of Shares \| shares	32,771
Stock Price Target 3.68 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 3.68
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.10%
Maximum Number Of Shares \| shares	32,771
Stock Price Target 4.08 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock Price Target \| $ / shares	$ 4.08
Number Of Shares Issued And Outstanding On Grant Date Multiplied By	0.10%
Maximum Number Of Shares \| shares	32,771

EQUITY (Details) - Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
EQUITY (Details) - Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Line Items]
Dividends (in Dollars)		$ 0
Minimum [Member]
EQUITY (Details) - Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Line Items]
Volatility		103.90%
Risk-free interest rates		4.45%
Term (years)		2 years 7 months 17 days
Maximum [Member]
EQUITY (Details) - Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Line Items]
Volatility		113.70%
Risk-free interest rates		4.45%
Term (years)		2 years 10 months 28 days
Stock Appreciation Rights (SARs) [Member]
EQUITY (Details) - Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Line Items]
Volatility	86.58%
Dividends (in Dollars)	$ 0	$ 0
Risk-free interest rates	4.59%
Term (years)	2 years 9 months
Stock Appreciation Rights (SARs) [Member] \| Minimum [Member]
EQUITY (Details) - Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Line Items]
Volatility		45.00%
Risk-free interest rates		3.67%
Term (years)		2 years 7 months 17 days
Stock Appreciation Rights (SARs) [Member] \| Maximum [Member]
EQUITY (Details) - Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Line Items]
Volatility		53.30%
Risk-free interest rates		4.87%
Term (years)		2 years 6 months 3 days

EQUITY (Details) - Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range - Share-Based Payment Arrangement, Option [Member] - $ / shares	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of options outstanding (in Shares)	610,000	350,000
Weighted average remaining contractual life	1 year 3 months 7 days
Weighted average exercise price of options outstanding	$ 0.96	$ 0.55
Number of options exercisable (in Shares)	350,000
Weighted average exercise price of options exercisable	$ 0.55
Options at $0.41 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices	$ 0.41
Number of options outstanding (in Shares)	125,000
Weighted average remaining contractual life	25 days
Weighted average exercise price of options outstanding	$ 0.41
Number of options exercisable (in Shares)	125,000
Weighted average exercise price of options exercisable	$ 0.41
Options at $0.50 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices	$ 0.5
Number of options outstanding (in Shares)	125,000
Weighted average remaining contractual life	25 days
Weighted average exercise price of options outstanding	$ 0.5
Number of options exercisable (in Shares)	125,000
Weighted average exercise price of options exercisable	$ 0.5
Options at $0.60 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices	$ 0.6
Number of options outstanding (in Shares)	50,000
Weighted average remaining contractual life	1 year 9 months
Weighted average exercise price of options outstanding	$ 0.6
Number of options exercisable (in Shares)	43,750
Weighted average exercise price of options exercisable	$ 0.6
Options at $1.00 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices	$ 1
Number of options outstanding (in Shares)	50,000
Weighted average remaining contractual life	1 year 9 months
Weighted average exercise price of options outstanding	$ 1
Number of options exercisable (in Shares)	43,750
Weighted average exercise price of options exercisable	$ 1
Options at $1.25 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices	$ 1.25
Number of options outstanding (in Shares)	130,000
Weighted average remaining contractual life	2 years 3 months
Weighted average exercise price of options outstanding	$ 1.25
Number of options exercisable (in Shares)	0
Weighted average exercise price of options exercisable	$ 0
Options at $1.75 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices	$ 1.75
Number of options outstanding (in Shares)	130,000
Weighted average remaining contractual life	2 years 3 months
Weighted average exercise price of options outstanding	$ 1.75
Number of options exercisable (in Shares)	0
Weighted average exercise price of options exercisable	$ 0

EQUITY (Details) - Schedule of share-based compensation, stock options, activity - Share-Based Payment Arrangement, Option [Member]	3 Months Ended
	Mar. 31, 2024 $ / shares shares
EQUITY (Details) - Schedule of share-based compensation, stock options, activity [Line Items]
Options Outstanding \| shares	350,000
Options Outstanding, Weighted Average Exercise Price \| $ / shares	$ 0.55
Options Exercisable \| shares	350,000
Options Exercisable, Weighted Average Exercise Price \| $ / shares	$ 0.55
Options Issued \| shares	260,000
Options Issued, Weighted Average Exercise Price \| $ / shares	$ 1.5
Options Exercised \| shares	0
Options Exercised, Weighted Average Exercise Price \| $ / shares	$ 0
Options Forfeited or expired \| shares	0
Options Forfeited or expired, Weighted Average Exercise Price \| $ / shares	$ 0
Options Outstanding \| shares	610,000
Options Outstanding, Weighted Average Exercise Price \| $ / shares	$ 0.96

RELATED PARTY TRANSACTIONS (Details)	3 Months Ended
RELATED PARTY TRANSACTIONS (Details)	Mar. 31, 2024 USD ($)
Mr. Klepfish [Member]
RELATED PARTY TRANSACTIONS (Details) [Line Items]
Payments Of Separation Costs	$ 83,333
Mr. Wiernasz [Member] \| Insurance, Other [Member]
RELATED PARTY TRANSACTIONS (Details) [Line Items]
Payments Of Separation Costs	967
Mr. Tang [Member]
RELATED PARTY TRANSACTIONS (Details) [Line Items]
Payments Of Separation Costs	41,125
Mr. Tang [Member] \| Insurance, Other [Member]
RELATED PARTY TRANSACTIONS (Details) [Line Items]
Payments Of Separation Costs	$ 2,885

MAJOR CUSTOMERS (Details) - Revenue Benchmark [Member] - Customer Concentration Risk [Member]	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
U.S. Foods, Inc. [Member]
MAJOR CUSTOMERS (Details) [Line Items]
Concentration Risk, Percentage	49.00%	47.00%
Gate Gourmet [Member]
MAJOR CUSTOMERS (Details) [Line Items]
Concentration Risk, Percentage	17.00%	16.00%

SUBSEQUENT EVENTS (Details)	Apr. 17, 2024
Performance Shares [Member] \| Subsequent Event [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Description	the Company’s stock price achieved the first price target of $0.87 under the COO Stock Plan and the Company became obligated to issue a total of 196,627 shares to its COO.

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