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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 12,018 $ 13,271
Accounts receivable-trade, net of allowance for credit losses of $18 at September 30, 2025 and $49 at December 31, 2024 304 331
Inventory 35,947 35,556
Income tax receivable 225 384
Prepaid expenses 1,086 898
Other current assets 83 96
Total current assets 49,663 50,536
Property and equipment, at cost 25,356 31,655
Less accumulated depreciation (15,704) (19,320)
Property and equipment, net 9,652 12,335
Operating lease assets 24,348 10,323
Deferred income taxes 170 1,213
Other assets 709 517
TOTAL ASSETS 84,542 74,924
CURRENT LIABILITIES:    
Accounts payable-trade 2,632 3,110
Accrued expenses and other liabilities 2,681 3,571
Income taxes payable 658 0
Current portion of operating lease liabilities 3,536 3,205
Total current liabilities 9,507 9,886
Uncertain tax positions 138 248
Other non-current liabilities 76 76
Operating lease liabilities, non-current 21,443 7,561
COMMITMENTS AND CONTINGENCIES (Note 6)
STOCKHOLDERS’ EQUITY:    
Common stock, $0.0024 par value; 15,000,000 shares authorized; 9,491,878 and 9,920,957 shares issued at September 30, 2025 and December 31, 2024, respectively; 8,067,502 and 8,496,581 shares outstanding at September 30, 2025 and December 31, 2024, respectively 22 23
Paid-in capital 3,398 4,529
Retained earnings 61,773 64,486
Treasury stock at cost (1,424,376 shares at September 30, 2025 and December 31, 2024) (9,773) (9,773)
Accumulated other comprehensive loss, net of tax (2,042) (2,112)
Total stockholders’ equity 53,378 57,153
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 84,542 $ 74,924