v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Dec. 31, 2024
Current Assets      
Cash $ 694,000 $ 680,000 $ 753,000
Restricted cash 3,930,000 3,930,000
Accounts Receivable, Net of Allowance for Credit Losses of $554,000 and $464,000 7,164,000 7,071,000 8,900,000
Inventory 36,699,000 34,261,000 28,811,000
Prepaid Expenses and Other Current Assets 454,000 766,000 371,000
Contract Costs Receivable   296,000
Prepaid Taxes 95,000 76,000 56,000
Total Current Assets 49,036,000 46,784,000 39,187,000
Property and Equipment, Net 8,559,000 9,501,000 8,809,000
Finance Lease Right-Of-Use-Assets 818,000 916,000 1,113,000
Operating Lease Right-Of-Use-Assets 173,000 514,000 1,190,000
Deferred Financing Costs, Net, Deposits and Other Assets 630,000 614,000 712,000
TOTAL ASSETS 59,216,000 58,329,000 51,011,000
Current Liabilities      
Debt 24,217,000 23,721,000 18,362,000
Accounts Payable and Accrued Expenses 6,893,000 7,903,000 7,015,000
Operating Lease Liabilities 239,000 702,000 881,000
Deferred Gain on Sale 9,000 28,000 38,000
Customer Deposits 3,464,000 391,000 1,115,000
Total Current Liabilities 39,693,000 37,616,000 27,411,000
Long Term Liabilities  
Debt 1,421,000 1,512,000 1,759,000
Long Term Liabilities      
Operating Lease Liabilities 702,000
Deferred Gain on Sale   29,000
TOTAL LIABILITIES 41,114,000 39,128,000 36,063,000
Commitments and Contingencies (see Note 8)
Stockholders’ Equity      
Preferred Stock - par value $.001 - Authorized 3,000,000 shares, 0 shares outstanding, at both June 30, 2026 and December 31, 2025.
Common Stock - Par Value $.001 - Authorized 6,000,000 shares, 4,850,658 and 4,776,454 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 5,000 5,000 3,000
Additional Paid-In Capital 90,375,000 89,608,000 84,052,000
Accumulated Deficit (72,278,000) (70,412,000) (69,107,000)
TOTAL STOCKHOLDERS’ EQUITY 18,102,000 19,201,000 14,948,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 59,216,000 58,329,000 51,011,000
Related Party      
Current Liabilities      
Subordinated Notes - Related Party $ 4,871,000 4,871,000
Long Term Liabilities      
Subordinated Notes - Related Party   $ 6,162,000