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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 21,471 $ 7,075
Trade accounts receivable, net 7,579 7,349
Inventories, net 18,575 17,636
Prepaid expenses and other current assets 4,123 4,881
Total current assets 51,748 36,941
Property, plant and equipment, net 4,464 4,911
Operating lease right-of-use (ROU) assets 764 1,128
Deferred tax assets, net 6,620 6,788
Capitalized product development cost 2,837 1,321
Other assets 431 410
Total assets 66,864 51,499
Current liabilities:    
Accounts payable 10,835 6,327
Accrued compensation and related taxes 2,492 2,289
Accrued warranty expense 850 1,008
Accrued other expenses and other current liabilities 635 1,894
Short-term operating lease liabilities 489 571
Deferred revenue 2,604 1,885
Total current liabilities 17,905 13,974
Long-term operating lease liabilities 372 714
Long-term uncertain tax position liability 1,419 0
Deferred revenue 6,218 6,980
Total liabilities 25,914 21,668
Commitments and contingencies
Stockholders’ equity:    
Preferred stock; $1.00 par value; 1,000,000 authorized shares; none issued or outstanding 0 0
Common stock; $0.60 par value; 10,000,000 authorized shares; 4,084,386 and 3,913,959 issued, and 3,742,306 and 3,571,879 outstanding shares as of September 30, 2025 and December 31, 2024, respectively 2,451 2,348
Additional paid-in capital 51,093 49,386
Accumulated deficit (6,541) (15,850)
Treasury stock, at cost, 342,080 shares as of September 30, 2025, and December 31, 2024 (6,053) (6,053)
Total stockholders’ equity 40,950 29,831
Total liabilities and stockholders’ equity $ 66,864 $ 51,499