v3.26.1
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Preferred Stock [Member]
Common Stock [Member]
Treasury Stock, Common [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Balance at Dec. 31, 2024 $ 22,365 $ 29   $ 50,924 $ (229) $ 1,108 $ 74,197
Balance, shares at Dec. 31, 2024 895 254 [1]          
Net loss   (9,755) (9,755)
Vesting of restricted stock  
Vesting of restricted stock, shares [1]   1          
Dividends on Series A Preferred Shares ($0.50 per share)   (447) (447)
Net other comprehensive loss   (17) (17)
Stock-based compensation   175 175
Balance at Mar. 31, 2025 $ 22,365 $ 29   51,099 (10,431) 1,091 64,153
Balance, shares at Mar. 31, 2025 895 255 [1]          
Balance at Dec. 31, 2024 $ 22,365 $ 29   50,924 (229) 1,108 74,197
Balance, shares at Dec. 31, 2024 895 254 [1]          
Net loss             (4,285)
Net other comprehensive loss             217
Balance at Jun. 30, 2025 $ 22,365 $ 29   51,034 (5,406) 1,325 69,347
Balance, shares at Jun. 30, 2025 895 268 [1]          
Balance at Mar. 31, 2025 $ 22,365 $ 29   51,099 (10,431) 1,091 64,153
Balance, shares at Mar. 31, 2025 895 255 [1]          
Net loss   5,472 5,472
Dividends on Series A Preferred Shares ($0.50 per share)   (447) (447)
Net other comprehensive loss   234 234
Stock-based compensation   250 250
Vesting of restricted stock and payment of withholding taxes   (315) (315)
Vesting of restricted stock and payment of withholding taxes, shares [1]   13          
Balance at Jun. 30, 2025 $ 22,365 $ 29   51,034 (5,406) 1,325 69,347
Balance, shares at Jun. 30, 2025 895 268 [1]          
Balance at Dec. 31, 2025 $ 22,223 $ 70 $ (26,133) 216,682 (68,743) (608) 143,491 [2]
Balance, shares at Dec. 31, 2025 889 7,081 [1]          
Net loss (38,638) (38,638)
Repurchase of Series A Preferred Shares $ (5,294) 12 (5,282)
Repurchase of Series A Preferred Shares, shares (212)            
Repurchase of common stock (8,747) (8,747)
Repurchase of common stock, shares [1]   (557)          
Vesting of restricted stock
Vesting of restricted stock, shares [1]   6          
Dividends on Series A Preferred Shares ($0.50 per share) (370) (370)
Net other comprehensive loss 180 180
Stock-based compensation 117 117
Balance at Mar. 31, 2026 $ 16,929 $ 70 (34,880) 216,799 (107,739) (428) 90,751
Balance, shares at Mar. 31, 2026 677 6,530 [1]          
Balance at Dec. 31, 2025 $ 22,223 $ 70 (26,133) 216,682 (68,743) (608) 143,491 [2]
Balance, shares at Dec. 31, 2025 889 7,081 [1]          
Net loss             (56,928)
Net other comprehensive loss             (43)
Balance at Jun. 30, 2026 $ 15,520 $ 70 (41,431) 216,994 (126,381) (651) 64,121
Balance, shares at Jun. 30, 2026 621 5,610 [1]          
Balance at Mar. 31, 2026 $ 16,929 $ 70 (34,880) 216,799 (107,739) (428) 90,751
Balance, shares at Mar. 31, 2026 677 6,530 [1]          
Net loss (18,289) (18,289)
Repurchase of Series A Preferred Shares $ (1,409) (28) (1,437)
Repurchase of Series A Preferred Shares, shares (56)            
Repurchase of common stock (6,551) (6,551)
Repurchase of common stock, shares [1]   (936)          
Dividends on Series A Preferred Shares ($0.50 per share) (325) (325)
Net other comprehensive loss (223) (223)
Stock-based compensation 235 235
Vesting of restricted stock and payment of withholding taxes (40) (40)
Vesting of restricted stock and payment of withholding taxes, shares [1]   16          
Balance at Jun. 30, 2026 $ 15,520 $ 70 $ (41,431) $ 216,994 $ (126,381) $ (651) $ 64,121
Balance, shares at Jun. 30, 2026 621 5,610 [1]          
[1] Information pertaining to the number of shares outstanding gives retroactive effect to a 1 for 5 reverse stock split that became effective on February 13, 2026.
[2] Derived from the audited consolidated balance sheet.