v3.26.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 22,367 $ 51,316
Accounts receivable, net of allowances for expected credit losses of $44 and $28, respectively 13,312 9,405
Inventory, net 31,102 29,334
Income tax receivable 82 88
Prepaid expenses 2,840 4,077
Other current assets 14,440 14,383
Total current assets 84,143 108,603
Property, plant and equipment, net 89,881 86,797
Other assets 4,973 4,922
Total noncurrent assets 94,854 91,719
Total Assets 178,997 200,322
Liabilities and Stockholders’ Equity    
Deferred revenue – current 1,575 1,519
Dividends payable 571 2,761
Accrued expenses and other current liabilities 3,558 2,783
Total current liabilities 17,565 17,736
Deferred revenue – noncurrent 11,244 11,644
Dividends payable - noncurrent 201 196
Noncurrent deferred income taxes 1,057 1,055
Other noncurrent liabilities 7,003 7,048
Total noncurrent liabilities 19,505 19,943
Total liabilities 37,070 37,679
Commitments and contingencies
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.0001 par value, 75,000,000 shares authorized, 43,863,507 shares issued and outstanding as of March 31, 2026 and December 31, 2025 4 4
Additional paid in capital 203,645 203,771
Retained earnings (accumulated deficit) (61,722) (41,132)
Total stockholders’ equity 141,927 162,643
Total Liabilities and Stockholders’ Equity 178,997 200,322
Nonrelated Party [Member]    
Liabilities and Stockholders’ Equity    
Accounts payable 11,818 10,633
Related Party [Member]    
Liabilities and Stockholders’ Equity    
Accounts payable $ 43 $ 40