Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 7,648 $ 6,753
Investments 5,115 4,872
Accounts receivable, net 17,444 17,252
Inventory 8,553 7,621
Prepaid expenses 3,359 1,778
Deposits 813 363
Other current assets 2
Total current assets 42,932 38,641
Property and equipment, net 1,775 1,944
OTHER ASSETS:    
Intangible assets - customer lists, net 3,568 3,690
Intangible assets - trade name 654 654
Goodwill 2,321 2,321
Other assets 53
Right of use assets 1,907 2,045
Total other assets 8,450 8,763
Total assets 53,157 49,348
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 9,992 8,568
Accrued payroll and related 1,587 1,970
Unearned revenue 5,520 3,201
Rewards program liability 923 1,500
Sales tax payable 550 327
Corporate taxes payable 71
Current portion of contingent earn-out liabilities 105 105
Current portion of installment payment liabilities 210 230
Current portion of lease liabilities 597 602
Total current liabilities 19,555 16,503
LONG-TERM LIABILITIES:    
Long-term contingent earn-out liabilities 455 455
Long-term installment payment liabilities 145 147
Long-term lease liabilities 1,555 1,695
Loan - vehicle 45 47
Total long-term liabilities 2,200 2,344
Total liabilities 21,755 18,847
Commitments and contingencies (Note F)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively
Common stock, $0.0001 par value; 300,000,000 shares authorized, 18,770,157 and 18,508,157 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 2 2
Additional paid-in capital 38,084 37,925
Accumulated deficit (6,745) (7,489)
Accumulated other comprehensive income 61 63
Total stockholders’ equity 31,402 30,501
Total liabilities and stockholders’ equity $ 53,157 $ 49,348