v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 1,535 $ 3,422
Accounts receivable, net of allowance for credit losses of $569 and $0 as of December 31, 2025, and 2024, respectively 4,796 2,767
Employee retention tax credit receivable 0 323
Inventory 354 404
Contract assets 2,857 3,080
Prepaid expenses and other current assets 403 210
Total current assets 9,945 10,206
Property, plant and equipment, net 3,642 2,791
Intangibles, net 306 64
Right-of-use operating lease assets 5,770 5,383
Right-of-use finance lease assets 53 29
Other assets 98 267
Total assets 19,814 18,740
Current liabilities:    
Accounts payable and accrued expenses 3,050 3,319
Contract liabilities 172 645
Deferred revenue 315
Borrowings under factoring arrangement 541 0
Other liabilities 143 0
Current operating lease liabilities 899 537
Current finance lease liabilities 20 12
Total current liabilities 5,140 4,524
Other liabilities, long-term 24 0
Operating lease liability, long-term 5,658 5,600
Finance lease liability, long-term 29 12
Total liabilities 10,851 10,136
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock, 24,500,000 shares authorized at $0.001 par value, 16,206,010 and 16,106,010 shares issued at December 31, 2025, and December 31, 2024 16 16
Additional paid-in capital 74,618 74,206
Treasury stock, 4,017,808 shares at December 31, 2025, and December 31, 2024, at cost (3,135) (3,135)
Accumulated other comprehensive loss (15) 0
Accumulated deficit (62,521) (62,483)
Total stockholders’ equity 8,963 8,604
Total liabilities and stockholders’ equity $ 19,814 $ 18,740