v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 1,380 $ 1,655
Restricted cash 294
Accounts receivable, less allowance for credit losses of $154 and $161, respectively 19,850 16,998
Inventories, net 24,512 20,695
Contract assets 16,979 15,184
Prepaid assets and other assets 1,279 1,618
Total current assets 64,294 56,150
Property and equipment, net 4,977 5,203
Operating lease assets, net 6,420 7,016
Deferred tax assets 3,963 3,394
Other intangible assets, net 147 156
Deferred line of credit issuance costs, net 244
Total assets 80,045 71,919
Current liabilities:    
Lines of credit 7,868 7,000
Current portion of term loan, net of debt issuance costs 432
Accounts payable 14,949 12,809
Accrued payroll and commissions 2,808 1,822
Customer deposits 6,848 5,386
Current portion of operating leases 1,246 1,332
Current portion of finance lease obligations 243 274
Other accrued liabilities 1,644 1,221
Total current liabilities 36,038 29,844
Long-term liabilities:    
Term loan, net of debt issuance costs 1,636
Long-term operating lease obligations 5,929 6,476
Long-term finance lease obligations 534 626
Other long-term liabilities 434 426
Total long-term liabilities 8,533 7,528
Total liabilities 44,571 37,372
Shareholders’ equity:    
Preferred stock, $1 par value; 1,000,000 shares authorized; 250,000 shares issued and outstanding 250 250
Common stock - $0.01 par value; 9,000,000 shares authorized; 2,853,766 and 2,786,134 shares issued and outstanding, respectively 29 28
Additional paid-in capital 18,409 17,855
Accumulated other comprehensive loss (619) (709)
Retained earnings 17,405 17,123
Total shareholders’ equity 35,474 34,547
Total liabilities and shareholders’ equity $ 80,045 $ 71,919