v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash $ 286,000 $ 680,000
Restricted cash 3,930,000 3,930,000
Accounts Receivable, Net of Allowance for Credit Losses of $629,000 and $464,000 7,485,000 7,071,000
Inventory 35,282,000 34,261,000
Prepaid Expenses and Other Current Assets 1,140,000 766,000
Prepaid Taxes 77,000 76,000
Total Current Assets 48,200,000 46,784,000
Property and Equipment, Net 9,215,000 9,501,000
Finance Lease Right-Of-Use-Assets 867,000 916,000
Operating Lease Right-Of-Use-Assets 346,000 514,000
Deferred Financing Costs, Net, Deposits and Other Assets 588,000 614,000
TOTAL ASSETS 59,216,000 58,329,000
Current Liabilities    
Debt 25,102,000 23,721,000
Accounts Payable and Accrued Expenses 7,178,000 7,903,000
Operating Lease Liabilities 473,000 702,000
Deferred Gain on Sale 19,000 28,000
Customer Deposits 968,000 391,000
Total Current Liabilities 38,611,000 37,616,000
Long Term Liabilities
Debt 1,460,000 1,512,000
TOTAL LIABILITIES 40,071,000 39,128,000
Commitments and Contingencies (see Note 8)
Preferred Stock - par value $.001 - Authorized 3,000,000 shares, 0 shares outstanding, at both March 31, 2026 and December 31, 2025.
Common Stock - Par Value $.001 - Authorized 6,000,000 shares, 4,781,054 and 4,776,454 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 5,000 5,000
Additional Paid-In Capital 90,572,000 89,608,000
Accumulated Deficit (71,432,000) (70,412,000)
TOTAL STOCKHOLDERS’ EQUITY 19,145,000 19,201,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 59,216,000 58,329,000
Related Party    
Current Liabilities    
Subordinated Notes - Related Party $ 4,871,000 $ 4,871,000