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CONSOLIDATED BALANCE SHEETS (Unaudited Consolidated Condensed) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 2,358 $ 1,722
Trade accounts receivable, less allowance for credit losses of $307 for June 30, 2024, and $225 for December 31, 2023 5,932 3,467
Inventories, net 13,874 10,031
Prepaid expenses and other current assets 2,096 1,082
Total current assets 24,260 16,302
Equipment and leasehold improvements, net 9,261 8,668
Operating leases, right of use 7,326 7,907
Other assets, net 2 4
Total assets 40,849 32,881
Current liabilities:    
Lines of credit – accounts receivable, related party 2,272 2,810
Current portion of long-term debt, related party 2,000
Current portion of operating lease obligation 1,043 1,297
Accounts payable 5,577 6,260
Deferred revenue 3,077 2,353
Accrued expenses 1,800 869
Total current liabilities 13,769 15,589
Long-term portion of operating lease obligations 8,714 9,152
Long-term line of credit – inventory, related party 5,200 5,000
Long-term debt, related party 1,000 1,000
Asset retirement obligations 242 238
Total long-term liabilities 15,156 15,390
Shareholders’ equity:    
Preferred stock, $.01 par value, 24,088 shares authorized on June 30, 2024, and December 31, 2023, respectively. No shares issued and outstanding on June 30, 2024, and December 31, 2023, respectively.
Common stock, $.01 par value, 95,000,000 and 60,000,000 shares authorized; 69,860,984 and 49,627,254 shares issued and outstanding on June 30, 2024 and December 31, 2023, respectively 698 496
Additional paid-in capital 114,140 106,069
Accumulated deficit (102,914) (104,663)
Total Shareholders’ equity 11,924 1,902
Total liabilities and shareholders’ equity $ 40,849 $ 32,881