v3.25.1
CONSOLIDATED BALANCE SHEETS (Unaudited Consolidated Condensed) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 1,817 $ 1,409
Trade accounts receivable 10,084 5,655
Allowance for credit losses (999) (786)
    Trade accounts receivable, net 9,085 4,869
Inventories, net 21,912 20,267
Prepaid expenses and other current assets 3,090 2,803
Total current assets 35,904 29,348
Equipment and leasehold improvements, net 13,105 12,734
Operating leases, right of use 8,006 7,917
Other assets, net 1 3
Total assets 57,016 50,002
Current liabilities:    
Line of credit – accounts receivable, related party 6,292
Line of credit – inventory, related party 5,200 4,000
Term debt, related party 1,000 1,000
Current portion of operating lease obligations 1,328 1,260
Accounts payable 9,168 9,093
Deferred revenue 4,622 5,571
Accrued expenses 5,266 4,849
Total current liabilities 32,876 25,773
Long-term portion of operating lease obligations 8,736 9,037
Asset retirement obligations 248 246
Total long-term liabilities 8,984 9,283
Stockholders’ equity:    
Preferred stock, $.01 par value, 24,088 shares authorized, and no shares issued and outstanding
Common stock, $.01 par value, 95,000,000 shares authorized; 70,103,279 shares issued and outstanding on March 31, 2025 and December 31 2024, respectively 700 700
Additional paid-in capital 114,804 114,674
Accumulated deficit (100,348) (100,428)
Total stockholders’ equity 15,156 14,946
 Total liabilities and stockholders’ equity $ 57,016 $ 50,002