Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 6,753 $ 9,358
Investments 4,872 8,856
Accounts receivable, net 17,252 18,092
Inventory 7,621 5,389
Prepaid corporate taxes 28
Prepaid expenses 1,778 2,308
Deposits 363 423
Other current assets 2 455
Total current assets 38,641 45,482
Property and equipment, net 1,944 1,701
OTHER ASSETS:    
Intangible assets - customer lists, net 3,690 4,170
Intangible assets - trade name 654 654
Goodwill 2,321 2,321
Other assets 53 23
Right of use assets 2,045 797
Total other assets 8,763 7,965
Total assets 49,348 55,148
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 8,568 8,919
Accrued payroll and related 1,970 1,513
Unearned revenue 3,201 4,423
Rewards program liability 1,500 6,000
Sales tax payable 327 353
Current portion of contingent earn-out liabilities 105 256
Current portion of installment payment liabilities 230 365
Current portion of lease liabilities 602 366
Total current liabilities 16,503 22,195
LONG-TERM LIABILITIES:    
Long-term contingent earn-out liabilities 455 455
Long-term installment payment liabilities 147 425
Long-term lease liabilities 1,695 432
Loan - vehicle 47
Total long-term liabilities 2,344 1,312
Total liabilities 18,847 23,507
Commitments and contingencies (Note K)
STOCKHOLDERS’ EQUITY:    
Preferred stock, value
Common stock, value 2 2
Additional paid-in capital 37,925 38,391
Accumulated deficit (7,489) (6,742)
Accumulated other comprehensive income (loss) 63 (10)
Total stockholders’ equity 30,501 31,641
Total liabilities and stockholders’ equity 49,348 55,148
Related Party    
CURRENT ASSETS:    
Accounts receivable - related parties, net $ 573