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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 3,422 $ 2,030
Accounts receivable 2,767 4,228
Employee retention tax credit receivable 323 323
Inventory 404 430
Contract assets 3,080 480
Prepaid expenses and other current assets 210 358
Total current assets 10,206 7,849
Property, plant and equipment, net 2,791 2,968
Intangibles, net 64 72
Right-of-use operating lease assets 5,383 5,856
Right-of-use finance lease assets 29 103
Other assets 267 214
Total assets 18,740 17,062
Current liabilities:    
Accounts payable and accrued expenses 3,319 3,353
Contract liabilities 656 1,377
Current operating lease liabilities 537 480
Current finance lease liabilities 12 74
Total current liabilities 4,524 5,284
Operating lease liability, long-term 5,600 6,136
Finance lease liability, long-term 12 24
Total liabilities 10,136 11,444
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock, 24,500,000 shares authorized at $0.001 par value, 16,106,100 and 15,906,010 shares issued at December 31, 2024 and December 31, 2023 16 16
Additional paid-in capital 74,206 73,840
Treasury stock, 3,717,808 and 4,017,808 shares at December 31, 2024 and December 31, 2023, at cost (3,135) (3,135)
Accumulated deficit (62,483) (65,103)
Total stockholders’ equity 8,604 5,618
Total liabilities and stockholders’ equity $ 18,740 $ 17,062