v3.26.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash $ 419 $ 727
Accounts receivable, net 6,897 4,864
Inventories 18,056 17,062
Prepaid expenses 439 231
Other current assets 170 118
Total current assets 25,981 23,002
Long-term Assets:    
Property and equipment, net 1,995 2,085
Goodwill 18,461 18,460
Total intangible assets 1,808 1,841
Right of use assets 4,920 5,397
Other long-term assets 632 593
Total long-term assets 27,816 28,376
Total Assets 53,797 51,378
Current Liabilities:    
Accrued expenses 921 874
Line of credit 12,688 10,313
Current portion of long-term debt 4,388 4,007
Current portion, lease liability 1,535 1,655
Deferred tax liability 20 20
Income tax payable 23 0
Derivative liability 197 702
Total current liabilities 27,425 23,224
Long-term liabilities:    
Accrued related party management fee 454 454
Accrued Series Z preferred stock dividends 78 39
Series Z preferred stock 1,937 1,937
Long term debt, net of current portion 8,794 9,044
Lease liability, net of current portion 3,493 3,833
Earn-out payable 352 352
Other long-term liabilities 41 42
Total long-term liabilities 15,149 15,701
Total Liabilities 42,574 38,925
Equity:    
Common Stock $0.0005 par value; 50,000,000 shares authorized; 9,428,707 and 8,772,872 issued as of March 31, 2026 and December 31, 2025, respectively. 5 4
Additional paid-in capital 231,128 230,457
Accumulated deficit (219,952) (218,037)
Accumulated other comprehensive (loss) 12 (1)
Total Equity 11,223 12,453
Total Liabilities & Equity 53,797 51,378
Series B Preferred Stock [Member]    
Equity:    
Series B Preferred Stock, no par value; 2,000,000 shares authorized; 985,063 issued as of March 31, 2026 and December 31, 2025. 30 30
Nonrelated Party [Member]    
Current Liabilities:    
Accounts payable 6,958 4,958
Related Party [Member]    
Current Liabilities:    
Accounts payable $ 695 $ 695