v3.26.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 34,366 $ 51,316
Accounts receivable, net of allowances for expected credit losses of $36 and $28, respectively 20,104 9,405
Inventory, net 40,692 29,334
Income tax receivable 77 88
Prepaid expenses 2,101 4,077
Other current assets 18,930 14,383
Total current assets 116,270 108,603
Property, plant and equipment, net 93,462 86,797
Other assets 5,309 4,922
Total noncurrent assets 98,771 91,719
Total Assets 215,041 200,322
Liabilities and Stockholders’ Equity    
Deferred revenue – current 661 1,519
Dividends payable 574 2,761
Accrued expenses and other current liabilities 3,994 2,783
Total current liabilities 28,621 17,736
Deferred revenue – noncurrent 11,978 11,644
Dividends payable - noncurrent 206 196
Noncurrent deferred income taxes 1,118 1,055
Other noncurrent liabilities 20,036 7,048
Total noncurrent liabilities 33,338 19,943
Total liabilities 61,959 37,679
Commitments and contingencies
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.0001 par value, 75,000,000 shares authorized, 43,863,318 and 43,863,507 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 4 4
Additional paid in capital 203,438 203,771
Retained earnings (accumulated deficit) (50,360) (41,132)
Total stockholders’ equity 153,082 162,643
Total Liabilities and Stockholders’ Equity 215,041 200,322
Nonrelated Party [Member]    
Liabilities and Stockholders’ Equity    
Accounts payable 23,351 10,633
Related Party [Member]    
Liabilities and Stockholders’ Equity    
Accounts payable $ 41 $ 40