v3.26.1
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Preferred Stock [Member]
Series A Preferred Stock [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Treasury Stock, Common [Member]
Total
Beginning balance at Dec. 31, 2024 $ 5 $ 1 $ 17 $ 121,046 $ (66,630) $ (4,003) $ (662) $ 49,774
Balance, shares at Dec. 31, 2024 4,526,231 1,511,372 16,997,035          
Net income 1,948 1,948
Foreign currency translation adjustment (58) (58)
Issuance of stock under the equity incentive plan
Issuance of stock under the equity incentive plan, shares     83,645          
Stock-based compensation, net of cash settlements 104 104
Preferred stock dividends (26) (26)
Conversion of preferred stock and accrued dividends to common stock $ (4) $ 26 2,413 2,435
Conversion of preferred stock and accrued dividends to common stock, shares (3,541,701)   25,981,248          
Ending balance at Mar. 31, 2025 $ 1 $ 1 $ 43 123,537 (64,682) (4,061) (662) 54,177
Balance, shares at Mar. 31, 2025 984,530 1,511,372 43,061,928          
Beginning balance at Dec. 31, 2024 $ 5 $ 1 $ 17 121,046 (66,630) (4,003) (662) 49,774
Balance, shares at Dec. 31, 2024 4,526,231 1,511,372 16,997,035          
Net income               4,850
Foreign currency translation adjustment [1]               (159)
Ending balance at Jun. 30, 2025 $ 1 $ 1 $ 43 122,635 (61,780) (4,162) (662) 56,076
Balance, shares at Jun. 30, 2025 984,530 1,511,372 43,062,838          
Beginning balance at Dec. 31, 2024 $ 5 $ 1 $ 17 121,046 (66,630) (4,003) (662) 49,774
Balance, shares at Dec. 31, 2024 4,526,231 1,511,372 16,997,035          
Ending balance at Dec. 31, 2025 $ 1 $ 1 $ 43 119,936 (55,832) (3,981) (662) 59,506
Balance, shares at Dec. 31, 2025 984,530 1,511,372 43,178,748          
Beginning balance at Mar. 31, 2025 $ 1 $ 1 $ 43 123,537 (64,682) (4,061) (662) 54,177
Balance, shares at Mar. 31, 2025 984,530 1,511,372 43,061,928          
Net income 2,902 2,902
Foreign currency translation adjustment (101) (101) [1]
Issuance of stock under the equity incentive plan
Issuance of stock under the equity incentive plan, shares     910          
Stock-based compensation, net of cash settlements 100 100
Preferred stock dividends (1,002) (1,002)
Ending balance at Jun. 30, 2025 $ 1 $ 1 $ 43 122,635 (61,780) (4,162) (662) 56,076
Balance, shares at Jun. 30, 2025 984,530 1,511,372 43,062,838          
Beginning balance at Dec. 31, 2025 $ 1 $ 1 $ 43 119,936 (55,832) (3,981) (662) 59,506
Balance, shares at Dec. 31, 2025 984,530 1,511,372 43,178,748          
Net income 922 922
Foreign currency translation adjustment 28 28
Issuance of stock under the equity incentive plan
Issuance of stock under the equity incentive plan, shares     55,000          
Stock-based compensation, net of cash settlements 63 63
Preferred stock dividends (2,192) (2,192)
Ending balance at Mar. 31, 2026 $ 1 $ 1 $ 43 117,807 (54,910) (3,953) (662) 58,327
Balance, shares at Mar. 31, 2026 984,530 1,511,372 43,233,748          
Beginning balance at Dec. 31, 2025 $ 1 $ 1 $ 43 119,936 (55,832) (3,981) (662) 59,506
Balance, shares at Dec. 31, 2025 984,530 1,511,372 43,178,748          
Net income               2,044
Foreign currency translation adjustment [1]               54
Ending balance at Jun. 30, 2026 $ 1 $ 43 75,735 (53,788) (3,927) (662) 17,402
Balance, shares at Jun. 30, 2026 984,530 43,234,658          
Beginning balance at Mar. 31, 2026 $ 1 $ 1 $ 43 117,807 (54,910) (3,953) (662) 58,327
Balance, shares at Mar. 31, 2026 984,530 1,511,372 43,233,748          
Net income 1,122 1,122
Foreign currency translation adjustment 26 26 [1]
Issuance of stock under the equity incentive plan
Issuance of stock under the equity incentive plan, shares     910          
Stock-based compensation, net of cash settlements 64 64
Preferred stock dividends (3,968) (3,968)
Redemption of Series B Preferred Stock $ (1) (38,168)       (38,169)
Redemption of Series B Preferred Stock, shares   (1,511,372)            
Ending balance at Jun. 30, 2026 $ 1 $ 43 $ 75,735 $ (53,788) $ (3,927) $ (662) $ 17,402
Balance, shares at Jun. 30, 2026 984,530 43,234,658          
[1] No tax effect has been recorded as the Company recorded a valuation allowance against the tax benefit from its foreign currency translation adjustments.