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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 86,930 $ 41,514
Restricted cash and cash equivalents 20 0
Marketable securities 41 36
Accounts receivable, net of allowance of $0 and $52, respectively 558 572
Inventories, net 992 297
Prepaid expenses and other current assets 200 255
Warrant proceeds receivable 0 3,650
Total current assets 88,741 46,324
Convertible promissory note, at fair value 2,464 0
Right-of-use lease assets 231 247
Intangible assets, net 10 15
Deferred income tax assets 458 190
Other assets 68 0
Total assets 91,972 46,776
Current liabilities:    
Accounts payable 821 366
Accrued compensation and commissions 167 250
Income taxes payable 15 45
Contract liabilities 814 22
Other accrued expenses 138 232
Total current liabilities 1,955 915
Other liabilities 290 296
Total liabilities 2,245 1,211
Contingencies (Note 12)
Stockholders' equity:    
Common stock ($0.01 par value; 30,000,000 shares authorized; 12,746,196 shares issued and 12,613,149 shares outstanding as of September 30, 2026; 6,307,997 shares issued and 6,174,950 shares outstanding as of December 31, 2025) 126 61
Treasury stock, at cost (133,047 shares as of September 30, 2026 and December 31, 2025) (946) (946)
Additional paid-in capital 93,712 50,313
Accumulated deficit (6,960) (5,940)
Total LGL Group stockholders' equity 85,932 43,488
Non-controlling interests 3,795 2,077
Total stockholders' equity 89,727 45,565
Total liabilities and stockholders' equity $ 91,972 $ 46,776