Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Shareholders' Equity (Unaudited)

v3.21.2
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Treasury Stock [Member]
Total
Balance at Dec. 31, 2019 $ 2 $ 13 $ 69,403 $ (25,075) $ (843) $ (662) $ 42,838
Balance, shares at Dec. 31, 2019 2,539,325 12,978,485          
Net loss (2,502) (2,502)
Foreign currency translation adjustment (590) (590)
Issuance of stock under the equity incentive plan
Issuance of stock under the Amended and Restated Equity Incentive Plan, shares 28,870 129,607          
Issuance of preferred stock in connection with the Meridian acquisition $ 1 18,999 19,000
Issuance of preferred stock in connection with an acquisition, shares 760,000          
Issuance of warrants in connection with the Meridian acquisition 300 300
Stock-based compensation, net of cash settlements 794 794
Preferred stock dividends (2,643) (2,643)
Balance at Mar. 31, 2020 $ 3 $ 13 86,853 (27,577) (1,433) (662) 57,197
Balance, shares at Mar. 31, 2020 3,328,195 13,108,092          
Balance at Dec. 31, 2019 $ 2 $ 13 69,403 (25,075) (843) (662) 42,838
Balance, shares at Dec. 31, 2019 2,539,325 12,978,485          
Net loss             (8,968)
Foreign currency translation adjustment [1]             (292)
Preferred stock dividends             (10,150)
Balance at Sep. 30, 2020 $ 5 $ 13 138,156 (34,042) (1,135) (662) 102,335
Balance, shares at Sep. 30, 2020 5,470,473 13,876,887          
Balance at Mar. 31, 2020 $ 3 $ 13 86,853 (27,577) (1,433) (662) 57,197
Balance, shares at Mar. 31, 2020 3,328,195 13,108,092          
Net loss (4,792) (4,792)
Foreign currency translation adjustment 16 16
Issuance of preferred stock, net of fees and expenses $ 1 19,013 19,014
Issuance of preferred stock, net of fees and expenses, shares 828,000          
Issuance of stock under the Amended and Restated Equity Incentive Plan
Issuance of stock under the Amended and Restated Equity Incentive Plan, shares 4,803 87,398          
Issuance of preferred stock in connection with the Meridian acquisition 5,000 5,000
Issuance of preferred stock in connection with an acquisition, shares 200,000          
Issuance of warrants in connection with the Meridian acquisition 4,770 4,770
Stock-based compensation, net of cash settlements 1,439 1,439
Preferred stock dividends (3,277) (3,277)
Balance at Jun. 30, 2020 $ 4 $ 13 113,798 (32,369) (1,417) (662) 79,367
Balance, shares at Jun. 30, 2020 4,360,998 13,195,490          
Net loss (1,673) (1,673)
Foreign currency translation adjustment 282 282 [1]
Issuance of preferred stock, net of fees and expenses $ 1 25,529 25,530
Issuance of preferred stock, net of fees and expenses, shares 1,104,000          
Issuance of stock under the Amended and Restated Equity Incentive Plan
Issuance of stock under the Amended and Restated Equity Incentive Plan, shares 5,475 282,048          
Release of preferred stock from escrow (1,392) (1,392)
Stock-based compensation, net of cash settlements 1,456 1,456
Exercise of common stock warrants 2,995 2,995
Exercise of common stock warrants, shares 399,349          
Preferred stock dividends (4,230) (4,230)
Balance at Sep. 30, 2020 $ 5 $ 13 138,156 (34,042) (1,135) (662) 102,335
Balance, shares at Sep. 30, 2020 5,470,473 13,876,887          
Balance at Dec. 31, 2020 $ 5 $ 14 136,781 (33,889) (1,004) (662) 101,245
Balance, shares at Dec. 31, 2020 5,475,279 14,121,044          
Net loss (1,964) (1,964)
Foreign currency translation adjustment 345 345
Issuance of stock under the equity incentive plan $ 1 (1)
Issuance of stock under the Amended and Restated Equity Incentive Plan, shares 27,682 161,545          
Stock-based compensation, net of cash settlements 623 623
Exercise of common stock warrants $ 1 6,391 6,392
Exercise of common stock warrants, shares 858,000          
Preferred stock dividends (3,128) (3,128)
Balance at Mar. 31, 2021 $ 6 $ 15 140,666 (35,853) (659) (662) 103,513
Balance, shares at Mar. 31, 2021 5,502,961 15,140,589          
Balance at Dec. 31, 2020 $ 5 $ 14 136,781 (33,889) (1,004) (662) 101,245
Balance, shares at Dec. 31, 2020 5,475,279 14,121,044          
Net loss             (686)
Foreign currency translation adjustment [1]             (535)
Preferred stock dividends             (10,408)
Balance at Sep. 30, 2021 $ 5 $ 16 133,806 (34,575) (1,539) (662) 97,051
Balance, shares at Sep. 30, 2021 5,295,414 15,614,210          
Balance at Mar. 31, 2021 $ 6 $ 15 140,666 (35,853) (659) (662) 103,513
Balance, shares at Mar. 31, 2021 5,502,961 15,140,589          
Net loss (227) (227)
Foreign currency translation adjustment (405) (405)
Issuance of preferred stock, net of fees and expenses 1,360 1,360
Issuance of preferred stock, net of fees and expenses, shares 178,092          
Issuance of stock under the Amended and Restated Equity Incentive Plan
Issuance of stock under the Amended and Restated Equity Incentive Plan, shares 4,244 33,724          
Cancellation of shares held in escrow $ (1) (4,000) (4,001)
Cancellation of shares held in escrow, shares (215,822)          
Stock-based compensation, net of cash settlements 1,163 1,163
Preferred stock dividends (3,638) (3,638)
Balance at Jun. 30, 2021 $ 5 $ 15 135,551 (36,080) (1,064) (662) 97,765
Balance, shares at Jun. 30, 2021 5,291,383 15,352,405          
Net loss 1,505 1,505
Foreign currency translation adjustment (475) (475) [1]
Issuance of preferred stock, net of fees and expenses $ 1 1,168 1,169
Issuance of preferred stock, net of fees and expenses, shares 136,395          
Issuance of stock under the Amended and Restated Equity Incentive Plan
Issuance of stock under the Amended and Restated Equity Incentive Plan, shares 4,031 125,410          
Stock-based compensation, net of cash settlements 729 729
Preferred stock dividends (3,642) (3,642)
Balance at Sep. 30, 2021 $ 5 $ 16 $ 133,806 $ (34,575) $ (1,539) $ (662) $ 97,051
Balance, shares at Sep. 30, 2021 5,295,414 15,614,210          
[1] No tax effect has been recorded as the Company recorded a valuation allowance against the tax benefit from its foreign currency translation adjustments.