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Consolidated Statement of Changes in Shareholders' Equity - USD ($)
Total
No Par, Series A Preferred Stock
No Par, Preferred Stock
No Par, Series A Preferred Stock
No Par, Common Stock
Retained Earnings (Accumulated deficit)
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period at Dec. 31, 2022 $ 18,950,000     $ 97,913,000 $ (60,760,000) $ (18,203,000)
Balance at beginning of period (in shares) at Dec. 31, 2022       12,215,849    
Net income (loss) (25,904,000)       (25,904,000)  
Issuance of shares 6,000,000   $ 6,000,000      
Issuance of shares (in shares)     1,000      
Repurchase of common stock (3,000)     $ (3,000)    
Repurchase of common stock (in shares)       (1,968)    
Dividends on Series A preferred stock (19,000) $ (19,000)     (19,000)  
Stock-based compensation expense 190,000     $ 190,000    
Stock-based compensation expense, Shares       9,000    
Other comprehensive income (loss) 3,675,000         3,675,000
Balance at end of period at Dec. 31, 2023 2,889,000   $ 6,000,000 $ 98,100,000 (86,683,000) (14,528,000)
Balance at end of period (in shares) at Dec. 31, 2023     1,000 12,222,881    
Net income (loss) 24,347,000       24,347,000  
Dividends on Series A preferred stock (420,000) (420,000)     (420,000)  
Stock-based compensation expense 78,000     $ 78,000    
Redemption premium on Series A Preferred Stock (397,000) $ (397,000)     (397,000)  
Redemption of Series A preferred stock (6,000,000)   $ (6,000,000)      
Redemption of Series A preferred stock, shares     (1,000)      
Other comprehensive income (loss) 1,028,000         1,028,000
Balance at end of period at Dec. 31, 2024 $ 21,525,000     $ 98,178,000 $ (63,153,000) $ (13,500,000)
Balance at end of period (in shares) at Dec. 31, 2024       12,222,881