v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 3,327 $ 4,139
Trade accounts receivable, less allowance for credit losses of $80 and $80, respectively 9,324 11,108
Prepaid expenses 5,399 3,914
Income taxes receivable 4,325 528
Other current assets 431 520
Total current assets 22,806 20,209
Property and equipment, net 39,497 40,474
Intangible assets, net 2,103 2,227
Goodwill 66,152 66,152
Deferred contract costs, net 2,930 2,498
Other noncurrent assets 2,664 3,318
Total assets 136,152 134,878
Current liabilities:    
Current portion of notes payable, net of unamortized debt issuance costs 4,016 4,014
Accounts payable 1,326 1,169
Accrued wages and bonuses 5,355 7,218
Accrued expenses 3,664 2,897
Dividends payable 3,542 3,625
Deferred revenue 16,716 16,201
Income taxes payable 0 550
Other current liabilities 400 946
Total current liabilities 35,019 36,620
Notes payable, net of current portion and unamortized debt issuance costs 86,012 75,021
Deferred income taxes 5,999 5,984
Other long-term liabilities 2,573 3,263
Total liabilities 129,603 120,888
Shareholders’ equity:    
Preferred stock, $0.01 par value, authorized 2,000,000 shares, none issued 0 0
Common stock, $0.001 par value; authorized 110,000,000 shares, issued 31,975,649 in 2026 and 31,966,504 in 2025, outstanding 22,139,315 in 2026 and 22,637,252 in 2025 32 32
Additional paid-in capital 192,998 183,880
Retained earnings (accumulated deficit) (24,507) (17,298)
Treasury stock, at cost; 9,836,334 and 9,329,252 Common shares in 2026 and 2025, respectively (161,974) (152,624)
Total shareholders’ equity 6,549 13,990
Total liabilities and shareholders’ equity $ 136,152 $ 134,878