Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 14,272 $ 16,098
Accounts receivable, net of allowance for credit losses of $1,169 and $427, respectively 17,200 14,447
Inventories 10,681 9,529
Prepaid expenses and other current assets 1,975 1,453
Current assets of discontinued operations 45,524 41,544
Total current assets 89,652 83,071
Property, plant and equipment, net 19,213 19,802
Right-of-use assets, operating leases, net 27,813 28,225
Intangible assets, net 6,678 7,009
Deferred charges, net 297 309
Other non-current assets, net 860 855
Long-term assets of discontinued operations 8,029 7,979
Total assets 152,542 147,250
Current liabilities:    
Accounts payable 8,989 7,290
Accrued expenses and other current liabilities 6,344 3,828
Current portion of note payable 97 369
Current portion of operating lease liabilities 1,566 1,513
Current portion of finance lease liabilities 330 334
Current liabilities of discontinued operations 13,047 8,946
Total current liabilities 30,373 22,280
Long-term portion of operating lease liabilities 29,638 30,039
Long-term portion of finance lease liabilities 939 1,015
Deferred income taxes 386 320
Other long-term liabilities 50 51
Total non-current liabilities 31,013 31,425
Total liabilities 61,386 53,705
Commitments and contingencies – See Note 13
Shareholders' equity:    
Common stock, par value $1 per share; 24,000,000 shares authorized; 11,085,103 and 10,068,406 shares issued and outstanding, respectively 11,085 11,085
Capital in excess of par value 47,335 47,339
Retained earnings 42,626 44,919
Shareholders' equity before treasury stock 101,046 103,343
Less: cost of common stock in treasury - 1,016,697 and 1,012,513 shares, respectively (9,890) (9,798)
Total shareholders' equity 91,156 93,545
Total liabilities and shareholders' equity $ 152,542 $ 147,250