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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 10,005 $ 14,025
Accounts receivable, net of allowance for credit losses 5,124 1,906
Contract assets 1,348 1,604
Inventories 2,558 4,454
Other current assets 892 852
Total current assets 19,927 22,841
Property, plant and equipment, net 11,909 12,166
Other assets 10 18
Total assets 31,846 35,025
Current liabilities    
Accounts payable 1,393 1,203
Accrued expenses 1,903 1,765
Current maturities of long-term debt 85 81
Contract liabilities 3,288 4,908
Deposit from purchaser of MesoScribe assets-Note 11 597
Total current liabilities 6,669 8,554
Long-term debt, net of current portion 203 268
Total liabilities 6,872 8,822
Stockholders’ equity:    
Common stock - $0.01 par value – 20,000,000 shares authorized; issued and outstanding 6,881,838 at September 30, 2024 and 6,824,511 at December 31, 2023 69 68
Additional paid-in capital 29,495 28,695
Accumulated deficit (4,590) (2,560)
Total stockholders’ equity 24,974 26,203
Total liabilities and stockholders’ equity $ 31,846 $ 35,025