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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 11,893 $ 14,025
Accounts receivable, net of allowance for credit losses 2,971 1,906
Contract assets 2,689 1,604
Inventories 4,925 4,454
Other current assets 858 852
Total current assets 23,336 22,841
Property, plant and equipment, net 12,089 12,166
Other assets 18 18
Total assets 35,443 35,025
Current liabilities:    
Accounts payable 1,798 1,203
Accrued expenses 1,690 1,765
Current maturities of long-term debt 83 81
Deposit from purchaser of MesoScribe assets-Note 11 597 597
Contract liabilities 6,030 4,908
Total current liabilities 10,198 8,554
Long-term debt, net of current portion 247 268
Total liabilities 10,445 8,822
Contingencies – Note 12
Stockholders’ equity:    
Common stock - $0.01 par value – 20,000,000 shares authorized; 6,824,511 issued and outstanding at March 31, 2024 and December 31, 2023 68 68
Additional paid-in capital 28,962 28,695
Accumulated deficit (4,032) (2,560)
Total stockholders’ equity 24,998 26,203
Total liabilities and stockholders’ equity $ 35,443 $ 35,025