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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net income $ 32,664 $ 30,824
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (including $1,214 and $1,213 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) 10,891 10,675
Adjustments to allowance for bad debt 168 468
Adjustments to inventory reserve 70 290
Write-off of inventories 917 1,458
Impairment of operating right-of-use asset 0 1,993
(Gain) loss, net, on disposal of property and equipment (493) 759
Amortization of loan fees (including $62 associated with variable interest entity for both the year ended December 31, 2025 and 2024) 125 92
Accrued interest on certificates of deposit (including $0 and $50 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) 0 (50)
Stock-based compensation 1,182 2,065
Amortization of operating right-of-use assets 10,227 7,622
Deferred income taxes 2,255 (3,771)
Government grant income (including $33 and $187 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) (70) (360)
(Increase) decrease in operating assets    
Accounts receivable (including $4 and $32 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) (9,834) 559
Inventories (11,947) (942)
Prepaid expenses and other current assets (including $255 and $23 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) (1,343) 2,776
Other non-current assets (including $35 and $20 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) 15 (79)
Increase (decrease) in operating liabilities    
Accounts payable (including $53 and $47 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) 7,791 (260)
Accrued expenses (including $46 and $102 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) (95) 2,979
Related party payable 1,542 (2,176)
Income taxes payable (including $0 and 3 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) (65) 65
Deferred revenue (29) (281)
Operating lease liabilities (10,254) (6,679)
Other liabilities (including $66 and $0 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) 98 (45)
Net cash provided by operating activities 33,815 47,982
Cash flows from investing activities    
Purchases of property and equipment (756) (934)
Proceeds from disposal of property and equipment 1,509 134
Deposits paid for property and equipment (3,749) (3,134)
Purchases of publicly-traded equity securities (451) 29
Proceeds from disposal of publicly-traded equity securities 503 0
Purchases of short-term investments (including $7,982 and $18,078 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) (16,300) (50,806)
Redemption of short-term investments (including $19,110 and $7,000 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) 44,643 48,856
Net cash provided by (used in) investing activities 25,399 (5,855)
Cash flows from financing activities    
Payments on long-term debt (including $12,717 and $1,122 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) (12,717) (1,122)
Payments for lender fees (147) 0
Proceeds from line of credit 4,500 0
Repayments on line of credit (4,500) 0
Proceeds from exercise of common stock options 300 725
Repurchases of common stock (2,998) 0
Dividends paid to shareholders (36,100) (31,016)
Payment of Global Wells membership interest tax withholding (including $362 and $0 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) (377) 0
Payment of Global Wells noncontrolling membership interest redemption (including $0 and $2,010 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) 0 (2,326)
Refund of Global Wells members' tax withholding payments (including $0 and $120 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) 0 120
Payment of Global Wells noncontrolling membership interest redemption gain tax withholding (879) 0
Net cash used in financing activities (52,918) (33,619)
Net increase in cash and cash equivalents 6,296 8,508
Cash and cash equivalents    
Beginning of period 31,584 23,076
End of period 37,880 31,584
Supplemental disclosures of non-cash investing and financing activities:    
Transfers from deposits to property and equipment 3,785 3,708
Non-cash purchases of property and equipment 962 122
Non-cash disposal of property and equipment 480 0
Non-cash excise tax on share repurchases 12 0
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 9,136 10,969
Cash paid for interest $ 1,910 $ 2,031