v3.26.1
Industry Segments (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Information
The following table summarizes certain information regarding segments of the Company's continuing operations:
Three Months Ended June 30, 2026Six Months Ended June 30, 2026
(in thousands)Specialty Chemicals
Corporate & Other1
Total Continuing OperationsSpecialty Chemicals
Corporate & Other1
Total Continuing Operations
Net sales$25,667 $— $25,667 $45,083 $— $45,083 
Cost of goods sold - material13,443 — 13,443 21,799 — 21,799 
Cost of goods sold - other2
5,882 — 5,882 13,354 — 13,354 
Depreciation794 — 794 1,570 — 1,570 
Gross profit5,548 — 5,548 8,360 — 8,360 
Research and development107 — 107 170 — 170 
Selling, general and administrative expense3
4,388 633 5,021 9,113 780 9,893 
Depreciation and amortization413 93 506 571 186 757 
Acquisition costs and other— 176 176 — 177 177 
Interest expense (income), net13 (168)(155)26 (474)(448)
Income taxes— (601)(601)— (487)(487)
Other expense (income)(29)(147)(176)(34)(358)(392)
Net income (loss)$656 $14 $670 $(1,486)$176 $(1,310)
Geographic sales4
United States$24,473 $— $24,473 $43,303 $— $43,303 
Honduras278 — 278 450 — 450 
Mexico402 — 402 405 — 405 
Canada209 — 209 391 — 391 
Colombia151 — 151 263 — 263 
Other$154 $— $154 $271 $— $271 
Three Months Ended June 30, 2025Six Months Ended June 30, 2025
(in thousands)Specialty Chemicals
Corporate & Other1
Total Continuing OperationsSpecialty Chemicals
Corporate & Other1
Total Continuing Operations
Net sales$18,652 $— $18,652 $36,486 $— $36,486 
Cost of goods sold - material8,814 — 8,814 17,177 — 17,177 
Cost of goods sold - other2
4,816 (682)4,134 9,622 — 9,622 
Depreciation835 3 838 1,754 — 1,754 
Gross profit4,187 679 4,866 7,933 — 7,933 
Selling, general and administrative expense3
2,476 3,609 6,085 5,180 5,540 10,720 
Depreciation and amortization196 163 359 392 203 595 
Acquisition costs and other— 31 31 92 176 268 
Asset impairment— 1,622 1,622 — 1,622 1,622 
Gain on lease modification— (544)(544)— (544)(544)
Interest expense (income), net16 (31)(15)32 67 99 
Income taxes— (89)(89)— (89)(89)
Other expense (income)— (136)(136)— (285)(285)
Net income (loss)$1,499 $(3,946)$(2,447)$2,237 $(6,690)$(4,453)
Geographic sales4
United States$17,450 $— $17,450 $34,093 $— $34,093 
Mexico213 — 213 686 — 686 
Canada200 — 200 424 — 424 
Colombia166 — 166 303 — 303 
The Netherlands336 — 336 370 — 370 
Honduras— — — 270 — 270 
Costa Rica144 — 144 172 — 172 
Other$143 $— $143 $168 $— $168 
As of
(in thousands)June 30, 2026December 31, 2025
Identifiable assets
Specialty Chemicals$61,064 $37,303 
Corporate and other45,252 74,634 
$106,316 $111,937 
1Corporate & Other includes corporate overhead expenses and ongoing expenses for properties under the Master Lease not assigned to a segment in which the Company is the responsible party.
2Cost of good sold - other includes manufacturing labor and overhead expenses, repair and maintenance expense, shipping expense, scrap and shrinkage expense, and other operational manufacturing overhead expenses.
3Selling, general and administrative expenses include sales and administrative salaries, wages and benefits and overhead expenses, professional fees, corporate overhead allocation expense and other administrative overhead expenses.
4Geographic sales are attributed to countries based on the location of the customer.