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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 4,139 $ 4,233
Trade accounts receivable, less allowance for doubtful accounts of $80 and $40, respectively 11,108 11,054
Prepaid expenses 3,914 3,480
Income taxes receivable 528 141
Other current assets 520 692
Total current assets 20,209 19,600
Net property and equipment 40,474 38,269
Intangible assets, net 2,227 2,616
Goodwill 66,152 66,152
Deferred contract costs, net 2,498 1,562
Other noncurrent assets 3,318 4,340
Total assets 134,878 132,539
Current liabilities:    
Current portion of notes payable, net of unamortized debt issuance costs 4,014 4,789
Accounts payable 1,169 1,194
Accrued wages and bonuses 7,218 4,774
Accrued expenses 2,897 5,091
Dividends payable 3,625 2,770
Deferred revenue 16,201 15,786
Income Taxes Payable 550 353
Other current liabilities 946 1,101
Total current liabilities 36,620 35,858
Notes payable, net of current portion and unamortized debt issuance costs 75,021 57,895
Deferred income taxes 5,984 3,531
Other long-term liabilities 3,263 3,971
Total liabilities 120,888 101,255
Shareholders’ equity:    
Preferred stock, $0.01 par value, authorized 2,000,000 shares, none issued 0 0
Common stock, $0.001 par value; authorized 110,000,000 shares, issued 31,966,504 in 2025 and 31,072,144 in 2024, outstanding 22,637,252 in 2025 and 23,083,116 in 2024 32 31
Additional paid-in capital 183,880 180,249
Accumulated deficit (17,298) (17,064)
Treasury stock, 9,329,252 and 7,989,028 Common shares in 2025 and 2024, respectively, at cost (152,624) (131,932)
Total shareholders’ equity 13,990 31,284
Total liabilities and shareholders’ equity $ 134,878 $ 132,539