v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 45,115 $ 41,514
Restricted cash and cash equivalents 320 0
Marketable securities 41 36
Accounts receivable, net of allowance of $52 and $52, respectively 538 572
Inventories, net 628 297
Prepaid expenses and other current assets 364 255
Warrant proceeds receivable 0 3,650
Total current assets 47,006 46,324
Convertible promissory note, at fair value 1,968 0
Right-of-use lease assets 237 247
Intangible assets, net 4 15
Deferred income tax assets 462 190
Other assets 7 0
Total assets 49,684 46,776
Current liabilities:    
Accounts payable 1,041 366
Accrued compensation and commissions 280 250
Income taxes payable 0 45
Other accrued expenses 490 254
Total current liabilities 1,811 915
Other liabilities 286 296
Total liabilities 2,097 1,211
Contingencies (Note 12)
Stockholders' equity:    
Common stock ($0.01 par value; 30,000,000 shares authorized; 6,683,482 shares issued and 6,550,435 shares outstanding as of June 30, 2026; 6,307,997 shares issued and 6,174,950 shares outstanding as of December 31, 2025) 65 61
Treasury stock, at cost (133,047 shares as of June 30, 2026 and December 31, 2025, respectively) (946) (946)
Additional paid-in capital 52,138 50,313
Accumulated deficit (6,915) (5,940)
Total LGL Group stockholders' equity 44,342 43,488
Non-controlling interests 3,245 2,077
Total stockholders' equity 47,587 45,565
Total liabilities and stockholders' equity $ 49,684 $ 46,776