Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY AND SERIES A PREFERRED STOCK

v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY AND SERIES A PREFERRED STOCK - USD ($)
$ in Thousands
Series A Preferred stock
Stockholders' equity
Common stock
Treasury stock
Additional paid-in capital
(Accumulated Deficit) Retained Earnings
Accumulated other comprehensive loss
Noncontrolling interests
Total
Balance at Dec. 31, 2023   $ 69,176 $ 3 $ (15,051) $ 58,270 $ 28,884 $ (2,930) $ (1,816) $ 67,360
Balance (in shares) at Dec. 31, 2023     31,283,975            
Stockholders' Equity                  
Stock-based compensation   1,358     1,358       1,358
Issuance of vested restricted shares, net of tax withholding   (124)     (124)       (124)
Issuance of vested restricted shares, net of tax withholding (in shares)     24,521            
Gain (Loss) on foreign currency translation, net   (68)         (68)   (68)
Net income (loss)   (2,069)       (2,069)   (361) (2,430)
Balance at Mar. 31, 2024   68,273 $ 3 (15,051) 59,504 26,815 (2,998) (2,177) 66,096
Balance (in shares) at Mar. 31, 2024     31,308,496            
Balance at Dec. 31, 2023   69,176 $ 3 (15,051) 58,270 28,884 (2,930) (1,816) 67,360
Balance (in shares) at Dec. 31, 2023     31,283,975            
Stockholders' Equity                  
Purchase of treasury stock                 $ (900)
Purchase of treasury stock (in shares)                 200,000
Gain (Loss) on foreign currency translation, net                 $ (57)
Net income (loss)                 (9,935)
Balance at Jun. 30, 2024   67,668 $ 3 (15,939) 71,656 14,935 (2,987) (2,340) 65,328
Balance (in shares) at Jun. 30, 2024     31,297,200            
Series A preferred stock, ending balance at Jun. 30, 2024 $ 143,481                
Series A preferred stock, ending balance (Shares) at Jun. 30, 2024 160,000                
Balance at Dec. 31, 2023   69,176 $ 3 (15,051) 58,270 28,884 (2,930) (1,816) 67,360
Balance (in shares) at Dec. 31, 2023     31,283,975            
Balance at Dec. 31, 2024   45,891 $ 3 (18,202) 67,118   (3,028) (2,645) 43,246
Balance (in shares) at Dec. 31, 2024     31,037,843            
Series A preferred stock, ending balance at Dec. 31, 2024 $ 158,085               $ 158,085
Series A preferred stock, ending balance (Shares) at Dec. 31, 2024 160,000               160,000
Balance at Mar. 31, 2024   68,273 $ 3 (15,051) 59,504 26,815 (2,998) (2,177) $ 66,096
Balance (in shares) at Mar. 31, 2024     31,308,496            
Stockholders' Equity                  
Stock-based compensation   1,495     1,495       1,495
Stock-based compensation (in shares)     22,905            
Issuance of stock   10,771     10,771       10,771
Exercise of stock options and warrants   242     242       242
Exercise of stock options and warrants (in shares)     50,000            
Issuance of vested restricted shares, net of tax withholding   (356)     (356)       (356)
Issuance of vested restricted shares, net of tax withholding (in shares)     108,124            
Purchase of treasury stock   (888)   (888)         $ (888)
Purchase of treasury stock (in shares)     (192,325)           200,000
Series A Preferred Stock paid-in kind dividend and accretion   (4,538)       (4,538)     $ (4,538)
Gain (Loss) on foreign currency translation, net   11         11   11
Net income (loss)   (7,342)       (7,342)   (163) (7,505)
Balance at Jun. 30, 2024   67,668 $ 3 (15,939) 71,656 14,935 (2,987) (2,340) 65,328
Balance (in shares) at Jun. 30, 2024     31,297,200            
Temporary Equity                  
Series A Preferred Stock issuance $ 138,943                
Series A Preferred Stock issuance ( in shares) 160,000                
Series A Preferred Stock paid-in kind dividend and accretion $ 4,538                
Series A preferred stock, ending balance at Jun. 30, 2024 $ 143,481                
Series A preferred stock, ending balance (Shares) at Jun. 30, 2024 160,000                
Balance at Dec. 31, 2024   45,891 $ 3 (18,202) 67,118   (3,028) (2,645) 43,246
Balance (in shares) at Dec. 31, 2024     31,037,843            
Stockholders' Equity                  
Stock-based compensation   1,632     1,632       1,632
Stock-based compensation (in shares)     61,453            
Issuance of vested restricted shares, net of tax withholding   (129)     (129)       (129)
Issuance of vested restricted shares, net of tax withholding (in shares)     54,557            
Purchase of treasury stock   (307)   (307)         (307)
Purchase of treasury stock (in shares)     (110,595)            
Series A Preferred Stock paid-in kind dividend and accretion   (7,591)     (6,616) (975)     (7,591)
Gain (Loss) on foreign currency translation, net   (13)         (13)   (13)
Net income (loss)   975       975   (353) 622
Balance at Mar. 30, 2025   40,458 $ 3 (18,509) 62,005   (3,041) (2,998) 37,460
Balance (in shares) at Mar. 30, 2025     31,043,258            
Series A preferred stock, beginning balance at Dec. 31, 2024 $ 158,085               $ 158,085
Series A preferred stock, beginning balance (Shares) at Dec. 31, 2024 160,000               160,000
Temporary Equity                  
Series A Preferred Stock paid-in kind dividend and accretion $ 7,591                
Series A preferred stock, ending balance at Mar. 30, 2025 $ 165,676                
Series A preferred stock, ending balance (Shares) at Mar. 30, 2025 160,000                
Balance at Dec. 31, 2024   45,891 $ 3 (18,202) 67,118   (3,028) (2,645) $ 43,246
Balance (in shares) at Dec. 31, 2024     31,037,843            
Stockholders' Equity                  
Exercise of stock options (in shares)                 0
Purchase of treasury stock                 $ (900)
Purchase of treasury stock (in shares)                 300,000
Gain (Loss) on foreign currency translation, net                 $ 110
Net income (loss)                 (9,710)
Balance at Jun. 29, 2025   23,045 $ 3 (19,107) 55,171 (10,104) (2,918) (3,226) 19,819
Balance (in shares) at Jun. 29, 2025     30,951,590            
Series A preferred stock, beginning balance at Dec. 31, 2024 $ 158,085               $ 158,085
Series A preferred stock, beginning balance (Shares) at Dec. 31, 2024 160,000               160,000
Series A preferred stock, ending balance at Jun. 29, 2025 $ 173,813               $ 173,813
Series A preferred stock, ending balance (Shares) at Jun. 29, 2025 160,000               160,000
Balance at Mar. 30, 2025   40,458 $ 3 (18,509) 62,005   (3,041) (2,998) $ 37,460
Balance (in shares) at Mar. 30, 2025     31,043,258            
Stockholders' Equity                  
Stock-based compensation   1,470     1,470       1,470
Stock-based compensation (in shares)     45,367            
Issuance of vested restricted shares, net of tax withholding   (167)     (167)       (167)
Issuance of vested restricted shares, net of tax withholding (in shares)     65,848            
Purchase of treasury stock   (598)   (598)         $ (598)
Purchase of treasury stock (in shares)     (202,883)           200,000
Series A Preferred Stock paid-in kind dividend and accretion   (8,137)     (8,137)       $ (8,137)
Gain (Loss) on foreign currency translation, net   123         123   123
Net income (loss)   (10,104)       (10,104)   (228) (10,332)
Balance at Jun. 29, 2025   $ 23,045 $ 3 $ (19,107) $ 55,171 $ (10,104) $ (2,918) $ (3,226) 19,819
Balance (in shares) at Jun. 29, 2025     30,951,590            
Series A preferred stock, beginning balance at Mar. 30, 2025 $ 165,676                
Series A preferred stock, beginning balance (Shares) at Mar. 30, 2025 160,000                
Temporary Equity                  
Series A Preferred Stock paid-in kind dividend and accretion $ 8,137                
Series A preferred stock, ending balance at Jun. 29, 2025 $ 173,813               $ 173,813
Series A preferred stock, ending balance (Shares) at Jun. 29, 2025 160,000               160,000