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Consolidated Statements of Operations and Net (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue $ 35,673 $ 72,409 $ 53,211 $ 130,690
Gross (loss) profit (8,767) 8,657 (23,330) 13,664
Selling, general, and administrative expenses        
Compensation expense 1,191 1,061 3,131 2,048
Other expense 868 1,076 1,651 1,839
Related party expense 169 153 330 306
Research and development expenses 933 916 2,324 1,822
Total operating expenses 3,161 3,206 7,436 6,015
(Loss) income from operations (11,928) 5,451 (30,766) 7,649
Interest and dividend income 1,068 1,521 2,305 4,321
Interest expense (26) (34) (62) (69)
Other income 505 2,639 505 2,638
Other income, net 1,547 4,126 2,748 6,890
(Loss) income before taxes (10,381) 9,577 (28,018) 14,539
Income tax provision 35 6 41 638
Net (loss) income $ (10,416) $ 9,571 $ (28,059) $ 13,901
(Loss) earnings per common share        
Basic (in dollars per share) $ (0.24) $ 0.22 $ (0.64) $ 0.32
Diluted (in dollars per share) $ (0.24) $ 0.22 $ (0.64) $ 0.32
Weighted average shares outstanding        
Basic (in shares) 43,803,243 43,763,243 43,803,243 43,763,243
Diluted (in shares) 43,803,243 43,763,243 43,803,243 43,763,243
Non-related Parties [Member]        
Revenue $ 35,673 $ 72,409 $ 53,211 $ 130,690
Non-related Parties [Member] | Excluding Shipping and Handling [Member]        
Cost of goods sold 43,761 62,788 75,321 115,492
Non-related Parties [Member] | Shipping and Handling [Member]        
Cost of goods sold 641 910 1,131 1,407
Related Parties [Member] | Excluding Shipping and Handling [Member]        
Cost of goods sold 1 12 3 27
Related Parties [Member] | Shipping and Handling [Member]        
Cost of goods sold $ 37 $ 42 $ 86 $ 100