v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 1,192 $ 1,646
Accounts receivable, net 7,778 8,765
Inventories, net 21,528 21,324
Prepaid expense and other current assets 1,142 1,334
Total current assets 31,640 33,069
Property and equipment, net 106 128
Right of use asset 581 682
Intangibles, net 51,196 51,440
Goodwill 19,363 19,393
Deferred tax asset 1,222 1,525
Derivative asset 72 0
Other assets 89 83
TOTAL ASSETS 104,269 106,320
CURRENT LIABILITIES:    
Accounts payable 6,451 6,911
Accrued expense 5,602 5,429
Income taxes payable 1,494 1,704
Product returns 830 1,039
Term loan – current portion 6,094 6,094
Lease liability – current portion 341 433
Total current liabilities 20,812 21,610
Revolving line of credit 4,200 5,600
Term loan, net of current portion and unamortized deferred finance costs 31,334 32,849
Long-term lease liability, net of current portion 258 272
Derivative liability 0 26
Deferred tax liability 2,284 2,324
TOTAL LIABILITIES 58,888 62,681
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.01 par value, 10,000 shares authorized, none outstanding as of March 31, 2026 and December 31, 2025 0 0
Common stock, $0.01 par value, 120,000 shares authorized; 9,391 issued and outstanding as of March 31, 2026 and December 31, 2025 94 94
Additional paid-in capital 32,230 32,213
Retained earnings 13,613 11,893
Accumulated other comprehensive loss (556) (561)
TOTAL STOCKHOLDERS' EQUITY 45,381 43,639
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 104,269 $ 106,320