v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 7,408 $ 6,753
Investments 5,191 4,872
Accounts receivable, net 20,274 17,252
Inventory 10,776 7,621
Prepaid corporate taxes 39
Prepaid expenses 2,510 1,778
Deposits 843 363
Other current assets 2
Total current assets 47,041 38,641
Property and equipment, net 1,615 1,944
OTHER ASSETS:    
Intangible assets - customer lists, net 3,446 3,690
Intangible assets - trade name 654 654
Goodwill 2,321 2,321
Other assets 53
Right of use assets 1,773 2,045
Total other assets 8,194 8,763
Total assets 56,850 49,348
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 11,205 8,568
Accrued payroll and related 2,238 1,970
Unearned revenue 6,081 3,201
Rewards program liability 3,000 1,500
Sales tax payable 350 327
Current portion of contingent earn-out liabilities 274 105
Current portion of installment payment liabilities 190 230
Current portion of vehicle loan 29
Current portion of lease liabilities 582 602
Total current liabilities 23,949 16,503
LONG-TERM LIABILITIES:    
Long-term contingent earn-out liabilities 455
Long-term installment payment liabilities 147
Long-term lease liabilities 1,428 1,695
Long-term vehicle loan 5 47
Total long-term liabilities 1,433 2,344
Total liabilities 25,382 18,847
Commitments and contingencies (Note F)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
Common stock, $0.0001 par value; 300,000,000 shares authorized, 18,639,589 and 18,508,157 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 2 2
Additional paid-in capital 37,847 37,925
Accumulated deficit (6,436) (7,489)
Accumulated other comprehensive income 55 63
Total stockholders’ equity 31,468 30,501
Total liabilities and stockholders’ equity $ 56,850 $ 49,348