v3.26.1
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Preferred Stock [Member]
Common Stock [Member]
Treasury Stock, Common [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Beginning balance, value at Dec. 31, 2024 $ 22,365 $ 29   $ 50,924 $ (229) $ 1,108 $ 74,197
Balance, shares at Dec. 31, 2024 895 254 [1]          
Net loss   (9,755) (9,755)
Vesting of restricted stock  
Vesting of restricted stock, shares [1]   1          
Dividends on Series A Preferred Shares ($0.50 per share)   (447) (447)
Net other comprehensive loss   (17) (17)
Stock-based compensation   175 175
Ending balance, value at Mar. 31, 2025 $ 22,365 $ 29   51,099 (10,431) 1,091 64,153
Balance, shares at Mar. 31, 2025 895 255 [1]          
Beginning balance, value at Dec. 31, 2025 $ 22,223 $ 70 $ (26,133) 216,682 (68,743) (608) 143,491 [2]
Balance, shares at Dec. 31, 2025 889 7,081 [1]          
Net loss (38,638) (38,638)
Repurchase of Series A Preferred Shares $ (5,294) 12 (5,282)
Repurchase of Series A Preferred Shares, shares (212,000)            
Repurchase of common stock (8,747) (8,747)
Repurchase of common stock, shares [1]   (557,000)          
Vesting of restricted stock
Vesting of restricted stock, shares [1]   6,000          
Dividends on Series A Preferred Shares ($0.50 per share) (370) (370)
Net other comprehensive loss 180 180
Stock-based compensation 117 117
Ending balance, value at Mar. 31, 2026 $ 16,929 $ 70 $ (34,880) $ 216,799 $ (107,739) $ (428) $ 90,751
Balance, shares at Mar. 31, 2026 677 6,530 [1]          
[1] Information pertaining to the number of shares outstanding gives retroactive effect to a 1 for 5 reverse stock split that became effective on February 13, 2026.
[2] Derived from the audited consolidated balance sheet.