v3.25.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 773 $ 11
Accounts receivable, net 5,487 2,762
Inventories 9,590 9,635
Prepaid expenses 439 150
Other current assets 242 242
Total current assets 16,531 12,800
Long-term Assets:    
Property and equipment, net 1,466 1,594
Goodwill 23,286 23,286
Other intangible assets 61 48
Right of use assets 3,185 2,068
Deferred tax asset 7,178 7,178
Other long-term assets 178 247
Total long-term assets 35,354 34,421
Total Assets 51,885 47,221
Current Liabilities:    
Accounts payable 3,599 3,304
Accrued expenses 923 394
Line of credit 8,713 6,259
Current portion of long-term debt 2,910 1,855
Current portion, lease liability 826 738
Total current liabilities 16,971 12,550
Long-term liabilities:    
Accrued related party management fee 351 351
Long term debt, net of current portion 5,827 6,323
Lease liability, net of current portion 2,462 1,437
Total long-term liabilities 8,640 8,111
Total Liabilities 25,611 20,661
Equity:    
Common Stock $0.0005 par value; 50,000,000 and 200,000 shares authorized; 5,190,251 and 157,610 issued as of March 31, 2025 and December 31, 2024, respectively 3
Additional paid-in capital 225,476 193,044
Accumulated deficit (199,235) (196,102)
Total Equity 26,274 (3,058)
Total Liabilities, TotalStone, LLC. Preferred Units & Equity 51,885 47,221
Class B Preferred Units    
Long-term liabilities:    
TotalStone, LLC 28,475
Special Preferred Units    
Long-term liabilities:    
TotalStone, LLC 1,143
Series B Preferred Stock    
Equity:    
Series B Preferred Stock, no par value; 2,000,000 shares authorized; 985,063 issued as of June 30, 2025. No shares were authorized or issued as of December 31, 2024. $ 30