Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 58,042 $ 16,098
Accounts receivable, net of allowance for credit losses of $1,161 and $202, respectively 12,603 12,232
Advances and other receivables 5,378 52
Inventories 7,178 5,727
Prepaid expenses and other current assets 1,682 1,122
Current assets of discontinued operations 0 47,841
Total current assets 84,883 83,072
Property, plant and equipment, net 16,096 17,589
Right-of-use assets, operating leases, net 15,075 28,140
Intangible assets, net 2,986 3,445
Deferred charges, net 338 309
Other non-current assets, net 511 512
Long-term assets of discontinued operations 0 14,183
Total assets 119,889 147,250
Current liabilities:    
Accounts payable 5,466 6,836
Accrued expenses and other current liabilities 5,691 3,598
Current portion of note payable 758 369
Current portion of operating lease liabilities 1,035 1,495
Current portion of finance lease liabilities 306 293
Current liabilities of discontinued operations 0 9,756
Total current liabilities 13,256 22,347
Long-term portion of operating lease liabilities 18,563 29,972
Long-term portion of finance lease liabilities 784 1,015
Deferred income taxes 153 320
Other long-term liabilities 45 51
Total non-current liabilities 19,545 31,358
Total liabilities 32,801 53,705
Commitments and contingencies – See Note 13
Shareholders' equity:    
Common stock, par value $1 per share; 24,000,000 shares authorized; 9,373,680 and 10,072,590 shares outstanding as of September 30, 2025 and December 31, 2024, respectively 11,085 11,085
Capital in excess of par value 47,577 47,339
Retained earnings 46,825 44,919
Shareholders' equity before treasury stock 105,487 103,343
Less: cost of common stock in treasury - 1,711,423 and 1,012,513 shares, respectively (18,399) (9,798)
Total shareholders' equity 87,088 93,545
Total liabilities and shareholders' equity $ 119,889 $ 147,250