Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 47,821 $ 57,606
Accounts receivable, net of allowance for credit losses of $1,018 and $1,004, respectively 12,541 10,040
Advances and other receivables 5,397 5,389
Inventories 7,429 8,742
Prepaid expenses and other current assets 1,125 1,243
Total current assets 74,313 83,020
Property, plant and equipment, net 15,466 15,762
Right-of-use assets, operating leases, net 9,221 9,368
Intangible assets, net 2,716 2,833
Deferred charges, net 351 401
Other non-current assets, net 547 553
Total assets 102,614 111,937
Current liabilities:    
Accounts payable 4,447 5,490
Accrued expenses and other current liabilities 2,929 5,389
Current portion of note payable 107 433
Current portion of operating lease liabilities 733 712
Current portion of finance lease liabilities 335 331
Total current liabilities 8,551 12,355
Long-term portion of operating lease liabilities 11,301 11,496
Long-term portion of finance lease liabilities 722 808
Deferred income taxes 356 241
Other long-term liabilities 43 45
Total non-current liabilities 12,422 12,590
Total liabilities 20,973 24,945
Commitments and contingencies – See Note 13
Shareholders' equity:    
Common stock, par value $1 per share; 24,000,000 shares authorized; 9,212,814 and 9,400,898 shares outstanding as of March 31, 2026 and December 31, 2025, respectively 11,085 11,085
Capital in excess of par value 47,656 48,276
Retained earnings 43,806 45,786
Shareholders' equity before treasury stock 102,547 105,147
Less: cost of common stock in treasury - 1,872,289 and 1,684,205 shares, respectively (20,906) (18,155)
Total shareholders' equity 81,641 86,992
Total liabilities and shareholders' equity $ 102,614 $ 111,937