v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 4,310 $ 3,262
Accounts receivable, net 33,877 27,006
Prepaid expenses and other current assets 589 1,168
Total current assets 38,776 31,436
Property and equipment, net 3,843 3,601
Operating lease right-of-use assets, net 4,381 4,861
Goodwill 856 856
Intangible assets, net 675 709
Deferred income taxes 13 18
Other assets 2,483 2,578
Total assets 51,027 44,059
Liabilities and equity    
Accrued expenses and other current liabilities 9,770 5,576
Customer incentives and deposits 3,871 1,221
Lines of credit 22,938 20,442
Current portion of long-term debt 500 500
Current portion of operating lease liabilities 636 643
Total current liabilities 44,222 37,724
Operating lease liabilities, net of current portion 3,991 4,395
Deferred income taxes 32 34
Long-term debt, net of current portion 2,723 1,284
Total liabilities 50,968 43,437
Commitments and contingencies – See Note 4
Equity:    
Common stock, $0.01 par value per share: 47,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 24,129,991 shares issued and outstanding as of March 31, 2026 and December 31, 2025 241 241
Treasury stock, at cost, 632,485 shares as of March 31, 2026 and December 31, 2025 (1,047) (1,047)
Additional paid-in capital 19,749 19,749
Retained deficit (17,720) (17,167)
Total equity 59 622
Total liabilities and equity 51,027 44,059
Nonrelated Party [Member]    
Liabilities and equity    
Accounts payable 6,507 9,342
Related Party [Member]    
Equity:    
Accumulated other comprehensive loss $ (1,164) $ (1,154)