v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets [Abstract]    
Cash and cash equivalents $ 7,013 $ 6,185
Restricted cash 134 550
Accounts receivable, net of allowance of $627 and $756 10 1
Income tax receivable 375 736
Inventories, net 9,674 10,123
Prepaid expenses and other current assets 2,481 1,701
Deferred commissions 1,513 1,280
Total current assets 21,200 20,576
Property, Plant and Equipment with Construction in Progress, Net 2,999 3,140
Operating lease right-of-use assets 2,836 3,292
Other assets 2,622 2,751
Long-term restricted cash 226 234
Total assets 29,883 29,993
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Commissions and incentives payable 7,111 7,118
Accrued expenses 3,263 3,128
Deferred revenue 3,270 3,086
Accounts payable 2,877 2,410
Current portion of operating lease liabilities 1,596 1,671
Taxes payable 677 1,029
Current notes payable 377 0
Current portion of finance lease liabilities 297 293
Total current liabilities 19,468 18,735
Long-term notes payable 2,750 2,750
Operating lease liabilities, excluding current portion 1,850 2,253
Other long-term liabilities 1,307 1,340
Finance lease liabilities, excluding current portion 312 388
Deferred tax liabilities, net 9,750 9,750
Total liabilities 35,437 35,216
Commitments and contingencies (Note 8)
Shareholders’ equity:    
Preferred stock, $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding 0 0
Common stock, $0.0001 par value, 99,000,000 shares authorized, 2,742,857 shares issued and 1,929,670 shares outstanding as of March 31, 2026 and 2,742,857 shares issued and 1,900,930 shares outstanding as of December 31, 2025 0 0
Additional paid-in capital 32,638 33,032
Accumulated deficit (13,074) (14,024)
Accumulated other comprehensive loss (6,224) (4,669)
Treasury stock, at average cost, 813,187 shares as of March 31, 2026 and 841,927 shares as of December 31, 2025 (18,894) (19,562)
Total shareholders’ equity (5,554) (5,223)
Total liabilities and shareholders’ equity $ 29,883 $ 29,993