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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 13,929 $ 18,221
Accounts receivable, net 44,370 24,766
Prepaid expenses and other current assets 2,259 3,009
Total current assets 60,558 45,996
Property and equipment, net 2,965 2,015
Operating lease right-of-use assets 477 630
Goodwill 856 856
Intangible assets, net 775 841
Deferred income taxes, net 4,095 4,259
Other assets 1,834 1,834
Total assets 71,560 56,431
Liabilities and stockholders' equity    
Accounts payable 10,632 8,767
Accrued expenses and other current liabilities 7,016 3,533
Customer incentives and deposits 1,589 892
Lines of credit and short-term loans 24,701 16,082
Current portion of long-term debt 500 500
Current portion of operating lease liabilities 180 276
Total current liabilities 44,618 30,050
Operating lease liabilities, net of current portion 297 353
Long-term debt, net of current portion 1,753 1,722
Total liabilities 46,668 32,125
Commitments and contingencies – See Note 4
Stockholders' equity:    
Common stock, $0.01 par value per share: 47,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 23,489,752 shares issued and outstanding as of June 30, 2025 and 23,449,701 as of December 31, 2024 234 234
Treasury stock, at cost, 1,205,485 shares as of June 30, 2025 and as of December 31, 2024 (2,075) (2,075)
Additional paid-in capital 19,940 19,886
Accumulated other comprehensive loss (1,127) (1,198)
Retained earnings 7,920 7,459
Total stockholders' equity 24,892 24,306
Total liabilities and stockholders’ equity $ 71,560 $ 56,431