XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED BALANCE SHEETS (Unaudited Consolidated Condensed) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 4,108 $ 1,409
Trade accounts receivable 12,470 5,655
Allowance for credit losses (1,421) (786)
    Trade accounts receivable, net 11,049 4,869
Inventories, net 19,832 20,267
Prepaid expenses and other current assets 3,781 2,803
Total current assets 38,770 29,348
Equipment and leasehold improvements, net 13,559 12,734
Operating leases, right of use 7,627 7,917
Other assets, net 3
Total assets 59,956 50,002
Current liabilities:    
Line of credit – accounts receivable, related party 6,099
Current portion of line of credit – inventory, related party 4,000
Current portion of term debt, related party 1,000
Current portion of operating lease obligations 1,231 1,260
Accounts payable 6,891 9,093
Deferred revenue 2,169 5,571
Accrued expenses 6,146 4,849
Total current liabilities 22,536 25,773
Long-term portion of operating lease obligations 8,482 9,037
Long-term portion of line of credit– inventory, related party 9,500
Long-term portion of term debt, related party 1,000
Asset retirement obligations 250 246
Total long-term liabilities 19,232 9,283
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; 70,481,945 and 70,103,279 shares issued and outstanding on June 30, 2025 and December 31 2024, respectively 704 700
Additional paid-in capital 115,165 114,674
Accumulated deficit (97,681) (100,428)
Total stockholders’ equity 18,188 14,946
Total liabilities and stockholders’ equity $ 59,956 $ 50,002