Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Shareholders' Equity (Unaudited)

v3.24.3
Condensed 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, 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 - January 1, 2023 after adoption, shares 4,526,231 1,344,128 15,970,204          
Net income (loss) (401) (401)
Foreign currency translation adjustment (1,711) (1,711)
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
Preferred stock dividends (3,931) (3,931)
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          
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          
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          
Net income (loss)               (4,982)
Foreign currency translation adjustment [1]               (1,255)
Balance at Sep. 30, 2023 $ 5 $ 1 $ 17 123,872 (30,789) (4,292) (662) 88,152
Balance, shares at Sep. 30, 2023 4,526,231 1,463,392 16,598,449          
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          
Net income (loss)               (48,700)
Balance at Dec. 31, 2023 $ 5 $ 1 $ 17 120,706 (74,481) (3,869) (662) 41,717
Balance, shares at Dec. 31, 2023 4,526,231 1,468,792 16,620,891          
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          
Net income (loss) (1,832) (1,832)
Foreign currency translation adjustment 94 94
Issuance of stock under the equity incentive plan
Issuance of stock under the equity incentive plan, shares   9,000 15,489          
Stock-based compensation, net of cash settlements 1,089 1,089
Preferred stock dividends (3,910) (3,910)
Shares issued for services
Shares issued for services, shares     20,000          
Balance at Jun. 30, 2023 $ 5 $ 1 $ 16 126,857 (28,040) (4,654) (662) 93,523
Balance, shares at Jun. 30, 2023 4,526,231 1,454,392 16,368,896          
Net income (loss) (2,749) (2,749)
Foreign currency translation adjustment 362 362 [1]
Issuance of stock under the equity incentive plan $ 1 1
Issuance of stock under the equity incentive plan, shares   9,000 229,553          
Stock-based compensation, net of cash settlements 931 931
Preferred stock dividends (3,916) (3,916)
Balance at Sep. 30, 2023 $ 5 $ 1 $ 17 123,872 (30,789) (4,292) (662) 88,152
Balance, shares at Sep. 30, 2023 4,526,231 1,463,392 16,598,449          
Balance at Dec. 31, 2023 $ 5 $ 1 $ 17 120,706 (74,481) (3,869) (662) 41,717
Balance, shares at Dec. 31, 2023 4,526,231 1,468,792 16,620,891          
Net income (loss) (241) (241)
Foreign currency translation adjustment 28 28
Issuance of stock under the equity incentive plan
Issuance of stock under the equity incentive plan, shares 14,000 238,400          
Stock-based compensation, net of cash settlements (79) (79)
Preferred stock dividends (5) (5)
Balance at Mar. 31, 2024 $ 5 $ 1 $ 17 120,622 (74,722) (3,841) (662) 41,420
Balance, shares at Mar. 31, 2024 4,526,231 1,482,792 16,859,291          
Balance at Dec. 31, 2023 $ 5 $ 1 $ 17 120,706 (74,481) (3,869) (662) 41,717
Balance, shares at Dec. 31, 2023 4,526,231 1,468,792 16,620,891          
Net income (loss)               4,555
Foreign currency translation adjustment [1]               (91)
Balance at Sep. 30, 2024 $ 5 $ 1 $ 17 121,033 (69,926) (3,960) (662) 46,508
Balance, shares at Sep. 30, 2024 4,526,231 1,482,792 16,962,619          
Balance at Mar. 31, 2024 $ 5 $ 1 $ 17 120,622 (74,722) (3,841) (662) 41,420
Balance, shares at Mar. 31, 2024 4,526,231 1,482,792 16,859,291          
Net income (loss) 1,674 1,674
Foreign currency translation adjustment (68) (68)
Issuance of stock under the equity incentive plan
Issuance of stock under the equity incentive plan, shares 26,695          
Stock-based compensation, net of cash settlements 218 218
Balance at Jun. 30, 2024 $ 5 $ 1 $ 17 120,840 (73,048) (3,909) (662) 43,244
Balance, shares at Jun. 30, 2024 4,526,231 1,482,792 16,885,986          
Net income (loss) 3,122 3,122
Foreign currency translation adjustment (51) (51) [1]
Issuance of stock under the equity incentive plan
Issuance of stock under the equity incentive plan, shares 76,633          
Stock-based compensation, net of cash settlements 193 193
Balance at Sep. 30, 2024 $ 5 $ 1 $ 17 $ 121,033 $ (69,926) $ (3,960) $ (662) $ 46,508
Balance, shares at Sep. 30, 2024 4,526,231 1,482,792 16,962,619          
[1] No tax effect has been recorded as the Company recorded a valuation allowance against the tax benefit from its foreign currency translation adjustments.