Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Shareholders' Equity (Unaudited)

v3.23.1
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, Common [Member]
Total
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) [1]
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
Issuance of Series B Preferred Stock $ 1 26,637 26,638
Issuance of Series B Preferred Stock, shares   1,150,372            
Preferred stock dividends (4,037) (4,037)
Redemption of Series A Preferred Stock (20,000) (20,000)
Number of stock redeemed (800,000)              
Stock issuance costs (11) (11)
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, 2022 $ 5 $ 1 $ 16 130,987 (25,621) (3,037) (662) 101,689
Balance, shares at Dec. 31, 2022 4,526,231 1,344,128 15,970,204          
Cumulative effect of adopting ASC 326 (186) (186)
Balance - January 1, 2023 after adoption $ 5 $ 1 $ 16 130,987 (25,807) (3,037) (662) 101,503
Balance, shares 4,526,231 1,344,128 15,970,204          
Net income (loss) (401) (401)
Foreign currency translation adjustment (1,711) (1,711) [1]
Issuance of stock under the equity incentive plan
Issuance of stock under the equity incentive plan, shares 41,491 343,203          
Stock-based compensation, net of cash settlements 1,185 1,185
Shares issued for services
Shares issued for services, shares     20,000          
Issuance of Series B Preferred Stock 1,437 1,437
Issuance of Series B Preferred Stock, shares   59,773            
Preferred stock dividends (3,931) (3,931)
Balance at Mar. 31, 2023 $ 5 $ 1 $ 16 $ 129,678 $ (26,208) $ (4,748) $ (662) $ 98,082
Balance, shares at Mar. 31, 2023 4,526,231 1,445,392 16,333,407          
[1] No tax effect has been recorded as the Company recorded a valuation allowance against the tax benefit from its foreign currency translation adjustments.