Income Taxes (Tables)
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12 Months Ended |
Jun. 30, 2026 |
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| Income Taxes |
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| Schedule of (Loss) Income from continuing operations before income taxes disaggregated between domestic and foreign |
| | | | | | | | | | | | Year Ended | | Six Months Ended | | Year Ended | | | June 30, 2026 | | June 30, 2025 | | December 31, 2024 | Domestic | | $ | (12,827,000) | | $ | 324,000 | | $ | (11,426,000) | Foreign | | | (1,135,000) | | | 1,299,000 | | | 2,196,000 | | | $ | (13,962,000) | | $ | 1,623,000 | | $ | (9,230,000) |
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| Schedule Of income taxes paid (net of refunds received) |
| | | | | | | | | Year Ended | | Six Months Ended | | | June 30, 2026 | | June 30, 2025 | Federal | | $ | 8,000 | | $ | — | Virginia | | | (63,000) | | | 105,000 | Texas | | | 24,000 | | | — | Other states | | | (8,000) | | | 6,000 | Foreign - Netherlands | | | 444,000 | | | 137,000 | Foreign - South Africa | | | 61,000 | | | (57,000) | | | $ | 466,000 | | $ | 191,000 |
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| Schedule Of income tax (benefit) expense |
| | | | | | | | | | | | Year Ended | | Six Months Ended | | Year Ended | | | June 30, 2026 | | June 30, 2025 | | December 31, 2024 | Federal | | $ | — | | $ | 4,000 | | $ | — | State | | | 72,000 | | | (2,000) | | | 21,000 | Foreign | | | 319,000 | | | 317,000 | | | 730,000 | Total current tax expense | | | 391,000 | | | 319,000 | | | 751,000 | Federal | | | (796,000) | | | 65,000 | | | (2,731,000) | State | | | (218,000) | | | (831,000) | | | (193,000) | Foreign | | | 44,000 | | | 134,000 | | | (156,000) | Total deferred tax benefit | | | (970,000) | | | (632,000) | | | (3,080,000) | Total income tax benefit | | $ | (579,000) | | $ | (313,000) | | $ | (2,329,000) |
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| Schedule of effective tax rate and its statutory tax rate |
| | | | | | | | | | | | | | | Year Ended June 30, 2026 | | Six Months Ended June 30, 2025 | | | Amount | | Percent | | Amount | | Percent | Federal statutory rate | | $ | (2,915,000) | | 21.0 | % | | $ | 341,000 | | 21.0 | % | State and local taxes, net of federal income tax effect | | | (207,000) | | 1.5 | | | | 64,000 | | 3.9 | | Foreign tax effects: | | | | | | | | | | | | | Statutory difference between US and foreign jurisdictions | | | (59,000) | | 0.4 | | | | 63,000 | | 3.8 | | Other foreign - Netherlands | | | 535,000 | | (3.9) | | | | 9,000 | | 0.6 | | Other foreign - South Africa | | | 125,000 | | (0.9) | | | | 107,000 | | 6.6 | | Change in valuation allowance | | | (136,000) | | 1.0 | | | | 3,000 | | 0.2 | | Nontaxable or nondeductible items | | | 15,000 | | (0.1) | | | | 5,000 | | 0.3 | | Deferred tax rate change | | | (77,000) | | 0.6 | | | | (887,000) | | (54.6) | | Goodwill impairment | | | 1,978,000 | | (14.3) | | | | - | | — | | Other | | | 162,000 | | (1.2) | | | | (18,000) | | (1.1) | | | | $ | (579,000) | | 4.1 | % | | $ | (313,000) | | (19.3) | % |
| | | | | | | | | | | | Year Ended | | Six Months Ended | | Year Ended | | | June 30, 2026 | | June 30, 2025 | | December 31, 2024 | Federal statutory rate | | 21.0 | % | | 21.0 | % | | 21.0 | % | State and local tax, net of federal income tax effect | | 1.5 | | | 3.9 | | | 1.0 | | Foreign tax effects | | (4.4) | | | 3.8 | | | (0.6) | | Change in valuation allowance | | 1.0 | | | 0.2 | | | 5.4 | | Nontaxable or nondeductible items | | (0.1) | | | 0.3 | | | (0.7) | | Deferred tax rate change | | 0.6 | | | (54.6) | | | — | | Goodwill impairment | | (14.3) | | | — | | | — | | Other | | (1.2) | | | 6.1 | | | (0.9) | | Effective income tax rate | | 4.1 | % | | (19.3) | % | | 25.2 | % |
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| Schedule of deferred tax assets (liabilities) |
| | | | | | | | | Year Ended | | Six Months Ended | | | June 30, 2026 | | June 30, 2025 | Deferred tax assets | | | | | | | Accrued expenses and reserves | | $ | 38,000 | | $ | 53,000 | Net operating loss and credit carryforwards | | | 2,413,000 | | | 1,574,000 | Right of use liability | | | 7,351,000 | | | 7,630,000 | Other | | | 48,000 | | | 889,000 | Total deferred tax assets | | $ | 9,850,000 | | $ | 10,146,000 | | | | | | | | Deferred tax liabilities | | | | | | | Property, plant and equipment | | $ | (1,821,000) | | $ | (1,907,000) | Accrued expenses and reserves | | | (1,847,000) | | | (1,598,000) | Intangible assets | | | (4,963,000) | | | (5,838,000) | Right of use asset | | | (7,073,000) | | | (7,450,000) | Other | | | (175,000) | | | (216,000) | Total deferred tax liabilities | | $ | (15,879,000) | | $ | (17,009,000) | | | | | | | | Net deferred tax liability before valuation allowance | | | (6,029,000) | | | (6,863,000) | Less: valuation allowance | | | (11,000) | | | (147,000) | Net deferred tax liability | | $ | (6,040,000) | | $ | (7,010,000) |
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| Schedule of reconciliation of liability for uncertain tax positions |
| | | | Balance at December 31, 2024 | | $ | 35,000 | Balance at June 30, 2025 | | | 35,000 | Decrease due to tax positions in prior years | | | (35,000) | Increase due to tax positions in prior years | | | 119,000 | Balance at June 30, 2026 | | $ | 119,000 |
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