Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 7,383 $ 6,753
Investments 5,200 4,872
Accounts receivable, net 15,438 17,252
Inventory 10,789 7,621
Prepaid expenses 2,231 1,778
Deposits 1,589 363
Other current assets 2
Total current assets 42,630 38,641
Property and equipment, net 1,452 1,944
OTHER ASSETS:    
Intangible assets - customer lists, net 3,323 3,690
Intangible assets - trade name 654 654
Goodwill 2,321 2,321
Other assets 207 53
Right of use assets 1,636 2,045
Total other assets 8,141 8,763
Total assets 52,223 49,348
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 10,396 8,568
Accrued payroll and related 2,538 1,970
Unearned revenue 4,564 3,201
Rewards program liability 924 1,500
Sales tax payable 290 327
Current portion of contingent earn-out liabilities 145 105
Current portion of installment payment liabilities 175 230
Current portion of vehicle loan 5
Current portion of lease liabilities 571 602
Total current liabilities 19,608 16,503
LONG-TERM LIABILITIES:    
Long-term contingent earn-out liabilities 455
Long-term installment payment liabilities 147
Long-term lease liabilities 1,311 1,695
Long-term vehicle loan 28 47
Total long-term liabilities 1,339 2,344
Total liabilities 20,947 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 September 30, 2026 and December 31, 2025, respectively
Common stock, $0.0001 par value; 300,000,000 shares authorized, 18,554,776 and 18,508,157 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 2 2
Additional paid-in capital 37,628 37,925
Accumulated deficit (6,401) (7,489)
Accumulated other comprehensive income 47 63
Total stockholders’ equity 31,276 30,501
Total liabilities and stockholders’ equity $ 52,223 $ 49,348