Balance Sheet

v3.26.1

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current Assets
Cash	$ 11,008	$ 13,709
Receivables, net of allowances	7,226	5,944
Inventory, net of inventory reserves	3,968	3,396
Other current assets	1,054	1,107
Total Current Assets	23,256	24,156
Property and equipment, net of accumulated depreciation	2,438	2,505
Operating right-of-use assets, net	634	189
Other noncurrent assets	590	615
Total Assets	26,918	27,465
Current Liabilities
Accounts payable and accrued expenses	8,348	8,265
Notes payable	305	416
Operating lease liabilities	231	158
Other current liabilities	204	287
Total Current Liabilities	9,088	9,126
Long Term Liabilities:
Long-term portion of notes payable	846	876
Operating lease liabilities, net of current portion	410	41
Total Liabilities	10,344	10,043
Commitments and Contingencies
Equity
Preferred stock ($0.0001 par value; 3,333,333 shares authorized; no shares issued or outstanding)	0	0
Common stock ($0.0001 par value; 50,000,000 shares authorized, 2,702,622 and 2,676,788 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively)	3	3
Additional paid-in capital	77,847	77,586
Accumulated deficit	(61,181)	(60,063)
Accumulated other comprehensive loss	(95)	(118)
Treasury stock (at cost; 13,054 shares as of March 31, 2026 and December 31, 2025, respectively)	(100)	(100)
Equity attributable to common stockholders	16,474	17,308
Equity attributable to non-controlling interests	100	114
Total Equity	16,574	17,422
Total Liabilities and Equity	$ 26,918	$ 27,465

- Definition

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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