v3.26.1
Details of Certain Financial Statement Components
6 Months Ended
Jun. 30, 2026
Details of Certain Financial Statement Components  
Details of Certain Financial Statement Components

Note 2 – Details of Certain Financial Statement Components

The following tables provide details of selected balance sheet items:

  ​ ​ ​

June 30, 

  ​ ​ ​

December 31, 

2026

2025

Accounts receivable, net

(in thousands)

Accounts receivable, gross

$

2,202

$

1,593

Allowance for expected credit losses

 

(54)

 

(51)

Accounts receivable, net

$

2,148

$

1,542

  ​ ​ ​

Six Months

  ​ ​ ​

Six Months

Ended

Ended

June 30, 

June 30, 

2026

2025

Allowance for expected credit losses

(in thousands)

Balance, beginning of period

$

51

$

34

Provisions for expected credit losses, net of recoveries

 

4

 

8

Foreign currency exchange rate changes

 

(1)

 

4

Balance, end of period

$

54

$

46

June 30, 

December 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Inventories

 

(in thousands)

Raw materials

 

$

1,377

 

$

1,344

Work-in-process

194

204

Finished goods

228

253

Total inventories

 

$

1,799

 

$

1,801

June 30, 

December 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Property, plant and equipment, net

(in thousands)

Furniture, machinery and equipment

$

2,253

$

2,243

Leasehold improvements

 

535

 

527

 

2,788

 

2,770

Less: accumulated depreciation

 

(2,409)

 

(2,296)

Total property, plant and equipment, net

$

379

$

474

Depreciation expense totaled $45,000 and $48,000 for the three months ended June 30, 2026 and 2025, respectively. Depreciation expense totaled $92,000 and $95,000 for the six months ended June 30, 2026 and 2025, respectively.

Weighted

June 30, 2026

December 31, 2025

Average

Gross

Net

Gross

Net

Amortization

Carrying

Accumulated

Carrying

Carrying

Accumulated

Carrying

  ​ ​ ​

Period

Amount

Amortization

  ​ ​ ​

Amount

Amount

Amortization

  ​ ​ ​

Amount

Intangible assets, net

(in thousands)

Patents, tradenames, and trademarks

5 Years

$

943

$

(835)

$

108

$

948

$

(817)

$

131

Developed technology

3.5 Years

645

(550)

95

654

(504)

150

Customer relationships

6 Years

1,497

(865)

632

1,525

(761)

764

Non-compete agreements

4 Years

963

(797)

166

981

(693)

288

Total intangible assets, net

$

4,048

$

(3,047)

$

1,001

$

4,108

$

(2,775)

$

1,333

Amortization expense totaled $141,000 and $184,000 for the three months ended June 30, 2026 and 2025, respectively. Amortization expense totaled $313,000 and $356,000 for the six months ended June 30, 2026 and 2025, respectively. Future remaining amortization expense is as follows:

Years ending December 31, 

  ​ ​ ​

(in thousands)

2026 (remainder of year)

$

278

2027

 

369

2028

 

285

2029

 

69

$

1,001

The changes in the carrying amount of goodwill for the periods ended June 30, 2026 and 2025 are as follows:

  ​ ​ ​

(in thousands)

Balance as of January 1, 2026

$

2,586

Adjustment to goodwill, foreign currency exchange rate changes

 

(44)

Balance as of June 30, 2026

$

2,542

  ​ ​ ​

(in thousands)

Balance as of January 1, 2025

 

$

2,658

Adjustment to goodwill, acquisition price allocation of Conductive Transfers

(232)

Adjustment to goodwill, foreign currency exchange rate changes

200

Balance as of June 30, 2025

 

$

2,626

Accrued liabilities consisted of the following:

June 30, 

December 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Accrued liabilities

(in thousands)

Accrued wages and benefits

$

142

$

185

Accrued vacation

 

131

 

113

Other accrued liabilities

 

25

 

32

Total accrued liabilities

$

298

$

330