v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Common Stock
Warrants
Additional Paid in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (loss)
Beginning balance (in shares) at Dec. 31, 2024   6,133,631        
Beginning balance at Dec. 31, 2024 $ 104,083 $ 6 $ 1,426 $ 123,889 $ (58,279) $ 37,041
Issuance of warrants (in shares)   637,880        
Issuance of warrants 5,000 $ 1   4,999    
Equity based compensation (in shares)   4,101        
Equity based compensation 719     719    
Restricted share unit release (in shares)   14,231        
Restricted share units release (76)     (76)    
Shareholder dividends (809)       (809)  
Net income (loss) (7,639)       (7,639)  
Other comprehensive income (loss) (1,570)         (1,570)
Ending balance (in shares) at Jun. 30, 2025   6,789,843        
Ending balance at Jun. 30, 2025 99,708 $ 7 1,426 129,531 (66,727) 35,471
Beginning balance (in shares) at Mar. 31, 2025   6,789,843        
Beginning balance at Mar. 31, 2025 103,070 $ 7 1,426 129,190 (65,383) 37,830
Equity based compensation 341     341    
Shareholder dividends (410)       (410)  
Net income (loss) (934)       (934)  
Other comprehensive income (loss) (2,359)         (2,359)
Ending balance (in shares) at Jun. 30, 2025   6,789,843        
Ending balance at Jun. 30, 2025 $ 99,708 $ 7 1,426 129,531 (66,727) 35,471
Beginning balance (in shares) at Dec. 31, 2025 12,786,770 12,786,770        
Beginning balance at Dec. 31, 2025 $ 90,956 $ 13 1,426 177,099 (120,746) 33,164
Equity based compensation (in shares)   (7,401)        
Equity based compensation (in shares)   7,401        
Equity based compensation 79     79    
Common shares repurchased (in shares)   (1,590,601)        
Common shares repurchased (15,467) $ (2)   (15,465)    
Shareholder dividends (669)       (669)  
Net income (loss) (10,147)       (10,147)  
Other comprehensive income (loss) $ (3,991)         (3,991)
Ending balance (in shares) at Jun. 30, 2026 11,188,768 11,188,768        
Ending balance at Jun. 30, 2026 $ 60,761 $ 11 1,426 161,713 (131,562) 29,173
Beginning balance (in shares) at Mar. 31, 2026   11,188,768        
Beginning balance at Mar. 31, 2026 67,436 $ 11 1,426 161,663 (127,052) 31,388
Equity based compensation 79     79    
Common shares repurchased (29)     (29)    
Shareholder dividends (333)       (333)  
Net income (loss) (4,177)       (4,177)  
Other comprehensive income (loss) $ (2,215)         (2,215)
Ending balance (in shares) at Jun. 30, 2026 11,188,768 11,188,768        
Ending balance at Jun. 30, 2026 $ 60,761 $ 11 $ 1,426 $ 161,713 $ (131,562) $ 29,173