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SHAREHOLDERS’ EQUITY (DEFICIT)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
SHAREHOLDERS’ EQUITY (DEFICIT) SHAREHOLDERS’ EQUITY (DEFICIT)
Shareholders’ Equity (Deficit)
As of June 30, 2026 there were 4,571,382 shares of our common stock outstanding and 12,000,000 shares authorized at $0.30 par value per share.
As of June 30, 2026 there were 75,000 shares of preferred stock outstanding, designated as Series B Preferred Stock, and we had 500,000 authorized shares at $100.00 par value per share of preferred stock (see Note 13 - Redeemable Preferred Stock for more detail).
Warrants
As of June 30, 2026, the Company had the following warrants issued and outstanding:
HolderIssuance dateNumber of warrants/ shares issuable Exercise priceExpiration date
APSC Holdco II, LP12/18/2020, 11/9/2021, 12/8/2021500,000 $15.00 12/8/2028
Corre and affiliates
12/8/2021500,000 $15.00 12/8/2028
Stellex Holder:
  Tranche A9/11/2025982,371 $23.00 9/11/2035
  Tranche B9/11/2025470,889 $50.00 9/11/2035
Total warrants2,453,260 
Accumulated Other Comprehensive Loss
A summary of changes in accumulated other comprehensive loss included within shareholders’ equity (deficit) is as follows (in thousands):
Six Months Ended
June 30, 2026
Six Months Ended
June 30, 2025
(unaudited)(unaudited)
Foreign
Currency
Translation
Adjustments
Defined Benefit Pension PlansTax
Provision
TotalForeign
Currency
Translation
Adjustments
Defined Benefit Pension PlansTax
Provision
Total
Balance, beginning of period
$(25,452)$(11,148)$(193)$(36,793)$(33,249)$(10,951)$71 $(44,129)
Other comprehensive income (loss)(2,426)235 (102)(2,293)9,027 197 (152)9,072 
Balance, end of period$(27,878)$(10,913)$(295)$(39,086)$(24,222)$(10,754)$(81)$(35,057)