v3.26.1
CONSOLIDATED BALANCE SHEETS (Unaudited Consolidated Condensed) (Not Reviewed) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 1,046 $ 1,288
Trade accounts receivable 10,240 7,642
Allowance for credit losses (895) (806)
    Trade accounts receivable, net 9,345 6,836
Inventories, net 12,957 14,963
Prepaid expenses and other current assets 1,922 2,141
Total current assets 25,270 25,228
Equipment and leasehold improvements, net 14,794 14,329
Operating leases, right of use 6,337 6,913
Other assets, net 36 37
       Total assets 46,437 46,507
Current liabilities:    
Line of credit – accounts receivable, related party 3,787 4,767
Current portion of line of credit, inventory, related party 9,500
Current portion of debt, related parties 1,000
Current portion of operating lease obligations 1,343 1,255
Accounts payable 4,968 4,098
Deferred revenue 1,937 930
Accrued expenses 3,478 2,879
Total current liabilities 26,013 13,929
Long-term portion of operating lease obligations 7,070 7,798
Long-term line of credit – inventory, related party 9,500
Long-term debt, related party 1,000
Asset retirement obligations 200 194
       Total long-term liabilities 7,270 18,492
Stockholders’ equity:    
Preferred stock, $.01 par value, 24,088 shares authorized, and no shares issued and outstanding
Common stock, $.01 par value, 95,000,000 shares authorized; 70,647,045 and 70,614,045 shares issued and outstanding on June 30, 2026 and December 31, 2025, respectively 706 706
Additional paid-in capital 115,754 115,566
Accumulated deficit (103,306) (102,186)
Total stockholders’ equity 13,154 14,086
Total liabilities and stockholders’ equity $ 46,437 $ 46,507