v3.25.4
Consolidated Statements of Shareholders' Equity - USD ($)
$ in Thousands
Preferred Stock [Member]
Series A Preferred Stock [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Treasury Stock, Common [Member]
Total
Balance at Dec. 31, 2023 $ 5 $ 1 $ 17 $ 120,706 $ (74,481) $ (3,869) $ (662) $ 41,717
Balance, shares at Dec. 31, 2023 4,526,231 1,468,792 16,620,891          
Net Income 7,851 7,851
Foreign currency translation adjustment (134) (134) [1]
Stock issued under the equity incentive plan
Stock issued under the equity incentive plan, shares   42,580 376,144          
Stock-based compensation, net of cash settlements 345 345
Preferred stock dividends (5) (5)
Balance at Dec. 31, 2024 $ 5 $ 1 $ 17 121,046 (66,630) (4,003) (662) 49,774
Balance, shares at Dec. 31, 2024 4,526,231 1,511,372 16,997,035          
Net Income 10,798 10,798
Foreign currency translation adjustment 22 22 [1]
Conversion of preferred stock and accrued dividends to common stock $ (4) $ 26 2,413 2,435
Conversion of preferred stock and accrued dividends to common stock, shares (3,541,701)   25,981,248          
Stock issued under the equity incentive plan
Stock issued under the equity incentive plan, shares     200,465          
Stock-based compensation, net of cash settlements 437 437
Preferred stock dividends (3,960) (3,960)
Balance at Dec. 31, 2025 $ 1 $ 1 $ 43 $ 119,936 $ (55,832) $ (3,981) $ (662) $ 59,506
Balance, shares at Dec. 31, 2025 984,530 1,511,372 43,178,748          
[1] No tax effect has been recorded as the Company recorded a valuation allowance against the tax benefit from its foreign currency translation adjustments.