XML 19 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 41,585 $ 40,711
Marketable securities 17 22
Accounts receivable, net of allowance of $52 and $58, respectively 493 356
Inventories, net 267 204
Prepaid expenses and other current assets 280 273
Total current assets 42,642 41,566
Right-of-use lease asset 308 75
Intangible assets, net 36 57
Deferred income tax asset, net 159 152
Total assets 43,145 41,850
Liabilities, Current [Abstract]    
Accounts payable 333 93
Accrued compensation and commissions expense 291 264
Income taxes payable 79 41
Other Accrued Liabilities, Current 201 76
Total current liabilities 904 474
Other Liabilities, Noncurrent 1,001 694
Total liabilities 1,905 1,168
Contingencies (Note 14)
Stockholders' equity:    
Common stock ($0.01 par value; 30,000,000 shares authorized; 5,454,639 shares issued as of 2024 and 2023, respectively; 5,373,055 shares outstanding as of 2024 and 2023, respectively) 53 53
Treasury stock, at cost (81,584 shares as of 2024 and 2023, respectively) (580) (580)
Additional paid-in capital 46,385 46,349
Accumulated deficit (6,628) (7,060)
Total LGL Group stockholders' equity 39,230 38,762
Non-controlling interests 2,010 1,920
Total stockholders' equity 41,240 40,682
Total liabilities and stockholders' equity $ 43,145 $ 41,850