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July 7, 2020 | COVID-19 Update

July 7, 2020 | COVID-19 Update

Posted by Throne Factory on Jul 7th 2020

This is our July 7, 2020 update.

Throne Factory believes that there is substantial doubt that it will continue to operate as a going concern. Throne Factory, and its principal, are committed to act equitably and make thoughtful decisions with regards to customers and vendors as we strive to resume operations or determine we are unable to remain a going concern.

Throne Factory has paused all fulfillment operations due to the travel advisory affecting our New Jersey hub, however we remain committed to fulfill all past-due and pre-orders on or before February 23, 2021.

Despite our expenditure reductions, strategic partnerships, sublets, and liquidation of anticipation inventory and cancelled or disputed orders to recoup the cash-burn directly related to the COVID-19 pandemic, we continue to experience an inequitable number of customers who are disputing their orders with their banks and credit card companies, further siphoning cash necessary to resume operations.

Pre-orders are not eligible for a refund and we ask that customers who have obligated themselves to a pre-order to allow us to thoughtfully utilize our limited funds to fulfill orders in the most organized, efficient, and economical manner possible.

The update will be August 4, 2020.