v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 893 $ 32
Adjustments to reconcile net income to net cash used in operating activities:    
Share-based compensation 305 149
Depreciation and amortization 359 303
Gain on sale of property, plant and equipment (1) (12)
Non-cash lease (income) expense (22) 65
Changes in operating assets and liabilities:    
Accounts receivable, net (2,478) (2,461)
Contract assets (32) 1,918
Inventory (365) (64)
Prepaid expenses and other current assets (95) (124)
Other assets, net 17 129
Accounts payable and accrued expenses 783 (428)
Contract liabilities (80) 87
Other liabilities 12 (2)
Net cash (used in) operating activities (704) (408)
Cash flows from investing activities:    
Proceeds from sale of property, plant and equipment 1 12
Capitalized software development costs (89) (118)
Patent acquisitions, net of write-offs (14) 0
Purchases of property, plant and equipment (1,570) (714)
Capitalized patent cost (78) 0
Net cash (used in) investing activities (1,750) (820)
Cash flows from financing activities:    
Principal payments under finance lease obligations (3) (1)
Proceeds from factoring arrangement 375 0
Payments on factoring arrangement (916) 0
Borrowings under revolving credit facility 4,563 0
Payments on revolving credit facility (2,163) 0
Net cash provided by (used in) financing activities 1,856 (1)
Effect of exchange rate changes on cash (15) 0
Change in cash (613) (1,229)
Cash, beginning of period 1,535 3,422
Cash, end of period 922 2,193
Supplemental disclosure of non-cash investing activities:    
Property, plant and equipment acquired via debt 733 137
Operating lease - right-of-use assets obtained in exchange for lease liabilities 0 1,159
Finance lease - right-of-use assets obtained in exchange for lease liabilities 0 53
Cash paid during period for:    
Interest 27 8
Taxes $ 50 $ 9