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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 10,031 $ 14,025
Accounts receivable, net of allowance for credit losses 4,951 1,906
Contract assets 1,554 1,604
Inventories 4,658 4,454
Other current assets 592 852
Total current assets 21,786 22,841
Property, plant and equipment, net 12,041 12,166
Other assets 18 18
Total assets 33,845 35,025
Current liabilities    
Accounts payable 1,601 1,203
Accrued expenses 1,736 1,765
Current maturities of long-term debt 84 81
Contract liabilities 5,098 4,908
Deposit from purchaser of MesoScribe assets-Note 11 597 597
Total current liabilities 9,116 8,554
Long-term debt, net of current portion 225 268
Total liabilities 9,341 8,822
Stockholders’ equity:    
Common stock - $0.01 par value – 20,000,000 shares authorized; issued and outstanding 6,825,338 at June 30, 2024 and 6,824,511 at December 31, 2023 68 68
Additional paid-in capital 29,229 28,695
Accumulated deficit (4,793) (2,560)
Total stockholders’ equity 24,504 26,203
Total liabilities and stockholders’ equity $ 33,845 $ 35,025