XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 2,585,000 $ 2,950,000
Accounts receivable, net 1,640,000 1,612,000
Inventories 1,840,000 2,009,000
Prepaid expenses and other current assets 329,000 328,000
Total current assets 6,394,000 6,899,000
Property, plant and equipment, net 576,000 411,000
Intangible assets, net 1,807,000 1,874,000
Goodwill 2,491,000 2,658,000
Right-of-use assets 981,000 1,064,000
Deferred tax assets 124,000 82,000
Other assets 99,000 128,000
Total assets 12,472,000 13,116,000
Current liabilities    
Accounts payable 767,000 573,000
Accrued liabilities 292,000 377,000
Lease liabilities, current 357,000 352,000
Accrued income taxes 176,000 88,000
Total current liabilities 1,592,000 1,390,000
Long-term liabilities    
Lease liabilities, long term 688,000 777,000
Deferred tax liabilities 427,000 456,000
Total long-term liabilities 1,115,000 1,233,000
Total liabilities 2,707,000 2,623,000
Commitments and contingencies (Note 9)
Stockholders' equity    
Preferred stock, $0.01 par value: 1,000 shares authorized, 200 shares of Series A Convertible Preferred Stock issued and outstanding at both March 31, 2025 and December 31, 2024 ($5.0 million liquidation preference) 2,000 2,000
Common stock, $0.001 par value: 30,000 shares authorized, 9,864 shares issued and outstanding at both March 31, 2025 and December 31, 2024 10,000 10,000
Additional paid-in-capital 62,320,000 62,313,000
Accumulated other comprehensive income 185,000 15,000
Accumulated deficit (52,752,000) (51,847,000)
Total stockholders' equity 9,765,000 10,493,000
Total liabilities and stockholders' equity $ 12,472,000 $ 13,116,000