v3.25.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 5,274 $ 4,233
Trade accounts receivable, less allowance for doubtful accounts of $40 and $40, respectively 12,416 11,054
Prepaid expenses 4,970 3,480
Income taxes receivable 438 141
Other current assets 2,222 692
Total current assets 25,320 19,600
Net property and equipment 42,232 38,269
Intangible assets, net 2,422 2,616
Goodwill 66,152 66,152
Operating lease right-of-use assets 1,409 1,627
Deferred contract costs, net 1,573 1,562
Other noncurrent assets 2,279 2,713
Total assets 141,387 132,539
Current liabilities:    
Current portion of notes payable, net of unamortized debt issuance costs 3,928 4,789
Accounts payable 1,180 1,194
Accrued wages and bonuses 5,685 4,774
Accrued expenses 5,614 5,091
Dividends payable 2,776 2,770
Deferred revenue 15,603 15,786
Income taxes payable 0 353
Other current liabilities 1,140 1,101
Total current liabilities 35,926 35,858
Notes payable, net of current portion and unamortized debt issuance costs 77,029 57,895
Deferred income taxes 3,500 3,531
Other long-term liabilities 3,604 3,971
Total liabilities 120,059 101,255
Shareholders’ equity:    
Preferred stock, $0.01 par value, authorized 2,000,000 shares, none issued 0 0
Common stock, $0.001 par value; authorized 110,000,000 shares, issued 31,782,158 in 2025 and 31,072,144 in 2024, outstanding 23,103,685 in 2025 and 23,083,116 in 2024 32 31
Additional paid-in capital 180,858 180,249
Retained earnings (accumulated deficit) (16,894) (17,064)
Treasury stock, at cost; 8,678,473 and 7,989,028 Common shares in 2025 and 2024, respectively (142,668) (131,932)
Total shareholders’ equity 21,328 31,284
Total liabilities and shareholders’ equity $ 141,387 $ 132,539