XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 7,023 $ 12,598
Accounts receivable, net of allowance for credit losses 4,993 2,149
Contract assets 3,768 2,226
Inventories 2,328 2,115
Other current assets 387 898
Total current assets 18,499 19,986
Property, plant and equipment, net 11,394 11,699
Other assets 52 1
Total assets 29,945 31,686
Current liabilities    
Accounts payable 939 679
Accrued expenses 1,583 2,236
Current maturities of long-term debt 89 87
Contract liabilities 2,017 3,135
Total current liabilities 4,628 6,137
Long-term debt, net of current portion 136 181
Total liabilities 4,764 6,318
Stockholders’ equity:    
Common stock - $0.01 par value – authorized 20,000,000 shares; issued and outstanding 6,881,838 at June 30, 2025 and December 31, 2024 69 69
Additional paid-in capital 30,271 29,757
Accumulated deficit (5,159) (4,458)
Total stockholders’ equity 25,181 25,368
Total liabilities and stockholders’ equity $ 29,945 $ 31,686