Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Shareholders' Equity (Unaudited)

v3.22.2.2
Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Preferred Stock [Member]
Series A Preferred Stock [Member]
Preferred Stock [Member]
Series B 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, 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 income (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 equity incentive plan, shares 27,682   161,545          
Stock-based compensation, net of cash settlements 623 623
Stock issuance costs (43) (43)
Preferred stock dividends (3,128) (3,128)
Exercise of common stock warrants $ 1 6,434 6,435
Exercise of common stock warrants, shares     858,000          
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 income (loss)               (686)
Foreign currency translation adjustment [1]               (535)
Stock issuance costs               (43)
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 income (loss) (227) (227)
Foreign currency translation adjustment (405) (405)
Stock-based compensation, net of cash settlements 1,163 1,163
Preferred stock dividends (3,638) (3,638)
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          
Issuance of common stock, net of fees and expenses 1,360 1,360
Issuance of common stock, net of fees and expenses, shares     178,092          
Cancellation of shares held in escrow $ (1) (4,000) (4,001)
Cancellation of shares held in escrow, shares (215,822)              
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 income (loss) 1,505 1,505
Foreign currency translation adjustment (475) (475) [1]
Stock-based compensation, net of cash settlements 729 729
Preferred stock dividends (3,642) (3,642)
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          
Issuance of common stock, net of fees and expenses $ 1 1,168 1,169
Issuance of common stock, net of fees and expenses, shares     136,395          
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 Dec. 31, 2021 $ 5 $ 16 131,379 (31,053) (1,754) (662) 97,931
Balance, shares at Dec. 31, 2021 5,299,227 15,657,641          
Net income (loss) 1,140 1,140
Foreign currency translation adjustment (255) (255)
Issuance of stock under the equity incentive plan
Issuance of stock under the equity incentive plan, shares 22,319 145,809          
Stock-based compensation, net of cash settlements 887 887
Redemption of Series A Preferred Stock (20,000) (20,000)
Redemption of Series A Preferred Stock, shares (800,000)          
Issuance of Series B Preferred Stock $ 1 26,637 26,638
Issuance of Series B Preferred Stock, shares 1,150,372          
Stock issuance costs (11) (11)
Preferred stock dividends (4,037) (4,037)
Balance at Mar. 31, 2022 $ 5 $ 1 $ 16 134,855 (29,913) (2,009) (662) 102,293
Balance, shares at Mar. 31, 2022 4,521,546 1,150,372 15,803,450          
Balance at Dec. 31, 2021 $ 5 $ 16 131,379 (31,053) (1,754) (662) 97,931
Balance, shares at Dec. 31, 2021 5,299,227 15,657,641          
Net income (loss)               4,933
Foreign currency translation adjustment [1]               (1,782)
Stock issuance costs               (32)
Preferred stock dividends               (11,662)
Balance at Sep. 30, 2022 $ 5 $ 1 $ 16 133,120 (26,120) (3,536) (662) 102,824
Balance, shares at Sep. 30, 2022 4,526,231 1,309,216 15,951,935          
Balance at Mar. 31, 2022 $ 5 $ 1 $ 16 134,855 (29,913) (2,009) (662) 102,293
Balance, shares at Mar. 31, 2022 4,521,546 1,150,372 15,803,450          
Net income (loss) 2,737 2,737
Foreign currency translation adjustment (990) (990)
Issuance of stock under the equity incentive plan
Issuance of stock under the equity incentive plan, shares 4,685 10,000 15,809          
Stock-based compensation, net of cash settlements 1,257 1,257
Redemption of Series A Preferred Stock (5) (5)
Issuance of Series B Preferred Stock 1,223 1,223
Issuance of Series B Preferred Stock, shares 49,876          
Stock issuance costs (10) (10)
Preferred stock dividends (3,776) (3,776)
Balance at Jun. 30, 2022 $ 5 $ 1 $ 16 133,544 (27,176) (2,999) (662) 102,729
Balance, shares at Jun. 30, 2022 4,526,231 1,210,248 15,819,259          
Net income (loss) 1,056 1,056
Foreign currency translation adjustment (537) (537) [1]
Issuance of stock under the equity incentive plan
Issuance of stock under the equity incentive plan, shares   132,676          
Stock-based compensation, net of cash settlements 1,017 1,017
Issuance of Series B Preferred Stock 2,419 2,419
Issuance of Series B Preferred Stock, shares 98,968          
Stock issuance costs (11) (11)
Preferred stock dividends (3,849) (3,849)
Balance at Sep. 30, 2022 $ 5 $ 1 $ 16 $ 133,120 $ (26,120) $ (3,536) $ (662) $ 102,824
Balance, shares at Sep. 30, 2022 4,526,231 1,309,216 15,951,935          
[1] No tax effect has been recorded as the Company recorded a valuation allowance against the tax benefit from its foreign currency translation adjustments.