v3.26.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash $ 225 $ 727
Accounts receivable, net 9,376 4,864
Inventories 16,387 17,062
Prepaid expenses 274 231
Other current assets 601 118
Total current assets 26,863 23,002
Long-term Assets:    
Property and equipment, net 1,961 2,085
Goodwill 18,475 18,460
Other intangible assets 1,758 1,841
Right of use assets 4,991 5,397
Other long-term assets 630 593
Total long-term assets 27,815 28,376
Total Assets 54,678 51,378
Current Liabilities:    
Accrued expenses 1,195 874
Line of credit 12,611 10,313
Current portion of long-term debt 4,245 3,707
Current portion, lease liability 1,517 1,655
Deferred tax liability 19 20
Income tax payable 8 0
Derivative liability 7 702
Total current liabilities 27,107 22,924
Long-term liabilities:    
Accrued related party management fee 454 454
Accrued Series Z preferred stock dividends, related party 119 39
Series Z preferred stock, related party 1,937 1,937
Long term debt, net of current portion 8,602 9,344
Lease liability, net of current portion 3,551 3,833
Earn-out payable 407 352
Other long-term liabilities 81 42
Total long-term liabilities 15,151 16,001
Total Liabilities 42,258 38,925
Equity:    
Common Stock $0.0005 par value; 50,000,000 shares authorized; 15,203,173 and 8,772,872 issued as of June 30, 2026 and December 31, 2025, respectively. 7 4
Additional paid-in capital 233,769 230,457
Accumulated deficit (221,332) (218,037)
Accumulated other comprehensive loss (54) (1)
Total Equity 12,420 12,453
Total Liabilities & Equity 54,678 51,378
Series B Preferred Stock [Member]    
Equity:    
Series B Preferred Stock, no par value; 2,000,000 shares authorized; 985,063 issued as of June 30, 2026 and December 31, 2025. 30 30
Nonrelated Party [Member]    
Current Liabilities:    
Accounts payable 6,810 4,958
Related Party [Member]    
Current Liabilities:    
Accounts payable $ 695 $ 695