v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash $ 1,964 $ 1,655
Restricted cash 244
Accounts receivable, less allowance for credit losses of $205 and $161, respectively 17,823 16,998
Inventories, net 23,561 20,695
Contract assets 16,010 15,184
Prepaid assets and other assets 1,071 1,618
Total current assets 60,673 56,150
Property and equipment, net 5,077 5,203
Operating lease assets, net 6,720 7,016
Deferred tax assets 3,753 3,394
Other intangible assets, net 151 156
Deferred line of credit issuance costs 266
Total assets 76,640 71,919
Current liabilities:    
Lines of credit 7,485 7,000
Current portion of term loan 433
Accounts payable 14,645 12,809
Accrued payroll and commissions 2,708 1,822
Customer deposits 4,672 5,386
Current portion of operating leases 1,309 1,332
Current portion of finance lease obligations 259 274
Other accrued liabilities 1,487 1,221
Total current liabilities 32,998 29,844
Long-term liabilities:    
Term loan 1,743
Long-term operating lease obligations 6,186 6,476
Long-term finance lease obligations 577 626
Other long-term liabilities 428 426
Total long-term liabilities 8,934 7,528
Total liabilities 41,932 37,372
Shareholders’ equity:    
Preferred stock, $1 par value; 1,000,000 shares authorized; 250,000 shares issued and outstanding 250 250
Common stock - $0.01 par value; 9,000,000 shares authorized; 2,786,134 and 2,786,134 shares issued and outstanding, respectively 28 28
Additional paid-in capital 17,981 17,855
Accumulated other comprehensive loss (640) (709)
Retained earnings 17,089 17,123
Total shareholders’ equity 34,708 34,547
Total liabilities and shareholders’ equity $ 76,640 $ 71,919