Annual report [Section 13 and 15(d), not S-K Item 405]

Industry Segments (Tables)

v3.25.4
Industry Segments (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Information Regarding Segments of Continuing Operations
The following tables summarize certain information regarding segments of the Company's continuing operations:
Year Ended December 31, 2025
(in thousands) Specialty Chemicals
Corporate & Other1
Continuing Operations
Net sales $ 74,942  $ —  $ 74,942 
Cost of goods sold - material 34,068  —  34,068 
Cost of goods sold - other2
20,350  —  20,350 
Depreciation 3,312  —  3,312 
Gross profit 17,212  —  17,212 
Research and development —  71  71 
Selling, general and administrative expense3
12,590  10,371  22,961 
Depreciation & amortization 779  353  1,132 
Acquisition costs and other 92  639  731 
Asset impairments —  1,622  1,622 
Gain on lease modification —  (2,278) (2,278)
Interest (income) expense, net 52  (764) (712)
Income taxes —  22  22 
Other (income) expense, net (1) (752) (753)
Net income (loss) $ 3,700  $ (9,284) $ (5,584)
Identifiable assets $ 37,303  $ 74,634  $ 111,937 
Capital expenditures $ 1,385  $ 159  $ 1,544 
Geographic sales4
United States $ 70,495  $ —  $ 70,495 
Mexico 1,186  — 1,186 
Canada 785  — 785 
Honduras 711  — 711 
Colombia 627  — 627 
The Netherlands 597  — 597 
Costa Rica 266  — 266 
Japan 90  — 90 
Guatemala 53  — 53 
Singapore 44  — 44 
Bahamas 37  — 37 
Taiwan 31  — 31 
Thailand $ 20  $ —  $ 20 
1Other includes corporate overhead expenses and ongoing expenses for properties under the Master Lease not assigned to a segment in which the Company is the responsible party.
2Cost of good sold - other includes manufacturing labor and overhead expenses, repair and maintenance expense, shipping expense, scrap and shrinkage expense, and other operational manufacturing overhead expenses.
3Selling, general and administrative expenses include sales and administrative salaries, wages and benefits and overhead expenses, professional fees, corporate overhead allocation expense and other administrative overhead expenses.
4Geographic sales are attributed to countries based on the location of the customer.
Year Ended December 31, 2024
(in thousands) Specialty Chemicals
Corporate & Other1
Continuing Operations
Net sales $ 80,763  $ —  $ 80,763 
Cost of goods sold - material 40,903  —  40,903 
Cost of goods sold - other2
25,040  485  25,525 
Depreciation 3,631  12  3,643 
Gross profit 11,189  (497) 10,692 
Selling, general and administrative expense3
8,672  11,185  19,857 
Depreciation & amortization 874  168  1,042 
Acquisition costs and other 476  186  662 
Gain on lease modification —  (67) (67)
Interest expense, net 75  342  417 
Income taxes —  1,806  1,806 
Other (income) expense, net (1) (447) (448)
Net income (loss) $ 1,093  $ (13,670) $ (12,577)
Identifiable assets $ 38,928  $ 46,298  $ 85,226 
Capital expenditures $ 1,120  $ —  $ 1,120 
Geographic sales
United States $ 75,564  $ —  $ 75,564 
Mexico 1,880  —  1,880 
Canada 1,750  —  1,750 
Honduras 1,212  —  1,212 
Costa Rica 194  —  194 
Argentina 47  —  47 
Singapore 44  —  44 
Taiwan 30  —  30 
Guatemala 22  —  22 
Brazil 11  —  11 
Other $ 9  $ —  $ 9 
1Other includes corporate overhead expenses and ongoing expenses for properties under the Master Lease not assigned to a segment in which the Company is the responsible party.
2Cost of good sold - other includes manufacturing labor and overhead expenses, repair and maintenance expense, shipping expense, scrap and shrinkage expense, and other operational manufacturing overhead expenses.
3Selling, general and administrative expenses include sales and administrative salaries, wages and benefits and overhead expenses, professional fees, corporate overhead allocation expense and other administrative overhead expenses.
4Geographic sales are attributed to countries based on the location of the customer.