Note 1 - Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2026

Accounting Standards Update and Change in Accounting Principle [Table Text Block]

	*June 30, 2025*
	*As Originally*
Condensed Balance Sheet	*Reported under LIFO*			*As Adjusted*			*Effect of Change*
Inventory, net	$	9,620		$	11,742		$	2,122
Total current assets		128,751			130,873			2,122
Total Assets		218,212			220,334			2,122
Noncurrent deferred income taxes		801			895			94
Total noncurrent liabilities		9,049			9,143			94
Total liabilities		39,988			40,082			94
Retained earnings (accumulated deficit)		(27,678	)		(25,650	)		2,028
Total stockholders' equity		178,224			180,252			2,028
Total Liabilities and Stockholders' Equity		218,212			220,334			2,122

		*Three months ended June 30, 2025*
		*As Originally*
Condensed Statement of Operations and Net Loss	*Reported under LIFO*			*As Adjusted*			*Effect of Change*
Revenue	$	35,673		$	35,673		$	-
Cost of goods sold		43,761			47,387			3,626
Gross loss		(8,767	)		(12,393	)		(3,626	)
Loss from operations		(11,928	)		(15,554	)		(3,626	)
Loss before taxes		(10,381	)		(14,007	)		(3,626	)
Income tax provision		35			183			148
Net loss		(10,416	)		(14,190	)		(3,774	)

Loss per common share
Basic	$	(0.24	)	$	(0.32	)	$	(0.09	)
Diluted	$	(0.24	)	$	(0.32	)	$	(0.09	)

	Six months ended June 30, 2025
	As Originally
Condensed Statement of Operations and Net Loss	Reported under LIFO			As Adjusted			Effect of Change
Revenue	$	53,211		$	53,211		$	-
Cost of goods sold		75,321			79,572			4,251
Gross loss		(23,330	)		(27,581	)		(4,251	)
Loss from operations		(30,766	)		(35,017	)		(4,251	)
Loss before taxes		(28,018	)		(32,269	)		(4,251	)
Income tax provision		41			15			(26	)
Net loss		(28,059	)		(32,284	)		(4,225	)

Loss per common share
Basic	$	(0.64	)	$	(0.74	)	$	(0.10	)
Diluted	$	(0.64	)	$	(0.74	)	$	(0.10	)

	*Six months ended June 30, 2025*
	*As Originally*
Condensed Statements of Cash Flows	*Reported under LIFO*			*As Adjusted*			*Effect of Change*
Net loss	$	(28,059	)	$	(32,284	)	$	(4,225	)
Provision (benefit) for deferred income taxes		28			2			(26	)
Inventory		10,499			14,750			4,251
Net Cash flows from Operating Activities		(183	)		(183	)		-

	*December 31, 2025*
	*As Originally*
Condensed Balance Sheet	*Reported under LIFO*			*As Adjusted*			*Effect of Change*
Inventory, net	$	21,254		$	29,334		$	8,080
Total current assets		100,523			108,603			8,080
Total Assets		192,242			200,322			8,080
Noncurrent deferred income taxes		910			1,055			145
Total noncurrent liabilities		19,798			19,943			145
Total liabilities		37,534			37,679			145
Retained earnings (accumulated deficit)		(49,067	)		(41,132	)		7,935
Total stockholder's equity		154,708			162,643			7,935
Total Liabilities and Stockholder's Equity		192,242			200,322			8,080

	*June 30, 2026*
Condensed Balance Sheet	*As Computed under Weighted Average Cost*			*As Computed under LIFO*			*Effect of Change*
Inventory, net	$	40,692		$	38,730		$	(1,962	)
Total current assets		116,270			114,308			(1,962	)
Total Assets		215,041			213,079			(1,962	)
Income tax payable		-			-			-
Total current liabilities		28,621			28,621			-
Noncurrent deferred income taxes		1,118			498			(620	)
Total noncurrent liabilities		33,338			32,718			(620	)
Total liabilities		61,959			61,339			(620	)
Retained earnings (accumulated deficit)		(50,360	)		(51,702	)		(1,342	)
Total stockholders' equity		153,082			151,740			(1,342	)
Total Liabilities and Stockholders' Equity		215,041			213,079			(1,962	)

	*Three months ended June 30, 2026*

Condensed Statement of Operations and Net Income (Loss)	*As Computed under Weighted Average Cost*		*As Computed under LIFO*			*Effect of Change*
Revenue	$	78,726	$	78,726		$	-
Cost of goods sold		62,623		64,897			2,274
Gross profit		15,023		12,749			(2,274	)
Income from operations		11,251		8,977			(2,274	)
Income before taxes		11,439		9,165			(2,274	)
Income tax provision (benefit)		69		(631	)		(700	)
Net income		11,370		9,796			(1,574	)

Earnings per common share
Basic	$	0.25	$	0.21		$	(0.04	)
Diluted	$	0.25	$	0.21		$	(0.04	)

	*Six months ended June 30, 2026*

Condensed Statement of Operations and Net Loss	*As Computed under Weighted Average Cost*			*As Computed under LIFO*			*Effect of Change*
Revenue	$	110,678		$	110,678		$	-
Cost of goods sold		109,635			111,597			1,962
Gross loss		(835	)		(2,797	)		(1,962	)
Loss from operations		(9,592	)		(11,554	)		(1,962	)
Loss before taxes		(9,135	)		(11,097	)		(1,962	)
Income tax provision (benefit)		77			(543	)		(620	)
Net loss		(9,212	)		(10,554	)		(1,342	)

Loss per common share
Basic	$	(0.21	)	$	(0.24	)	$	(0.03	)
Diluted	$	(0.21	)	$	(0.24	)	$	(0.03	)

	*Six months ended June 30, 2026*
Condensed Statements of Cash Flows	*As Computed under Weighted Average Cost*			*As Computed under LIFO*			*Effect of Change*
Net loss	$	(9,212	)	$	(10,554	)	$	(1,342	)
Provision (benefit) for deferred income taxes		63			(557	)		(620	)
Inventory		(11,859	)		(9,897	)		1,962
Net Cash flows from Operating Activities		(1,227	)		(1,227	)		-

- Definition

Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References + Details