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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 1,409 $ 1,722
Trade accounts receivable 5,655 3,692
Allowance for credit losses (786) (225)
Trade accounts receivable, net 4,869 3,467
Inventories, net 20,267 10,031
Prepaid expenses and other current assets 2,803 1,082
Total current assets 29,348 16,302
Equipment and leasehold improvements, net 12,734 8,668
Operating leases, right of use 7,917 7,907
Other assets, net 3 4
Total assets 50,002 32,881
Current liabilities:    
Line of credit – accounts receivable, related party 2,810
Line of credit – inventory, related party 4,000
Current portion of term debt, related party 2,000
Term debt, related party 1,000
Current portion of operating lease obligations 1,260 1,297
Accounts payable 9,093 6,260
Deferred revenue 5,571 2,353
Accrued expenses 4,849 869
Total current liabilities 25,773 15,589
Long-term portion of operating lease obligations 9,037 9,152
Long-term line of credit – inventory, related party 5,000
Long-term debt, related party 1,000
Asset retirement obligations 246 238
Total long-term liabilities 9,283 15,390
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 and 60,000,000 shares authorized; 70,103,279 and 49,627,254 shares issued and outstanding on December 31, 2024 and 2023, respectively 700 496
Additional paid-in capital 114,674 106,069
Accumulated deficit (100,428) (104,663)
Total stockholders’ equity 14,946 1,902
 Total liabilities and stockholders’ equity $ 50,002 $ 32,881