Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 720 $ 527
Accounts receivable, net 24,481 21,155
Inventories, net 5,668 6,528
Other current assets 3,931 3,955
Total current assets 34,800 32,165
Medical equipment for sale or rental 2,314 3,157
Medical equipment in rental service, net of accumulated depreciation 36,862 39,175
Property & equipment, net of accumulated depreciation 3,808 4,030
Goodwill 3,710 3,710
Intangible assets, net 7,150 6,456
Operating lease right of use assets 4,868 5,374
Deferred income taxes 5,956 7,188
Derivative financial instruments 949 1,481
Other assets 432 878
Total assets 100,849 103,614
Current liabilities:    
Accounts payable 9,318 9,848
Other current liabilities 6,543 7,813
Total current liabilities 15,861 17,661
Long-term debt 26,347 23,864
Operating lease liabilities, net of current portion 4,107 4,560
Total liabilities 46,315 46,085
Stockholders’ equity:    
Preferred stock, $0.0001 par value: authorized 1,000,000 shares; none issued 0 0
Common stock, $0.0001 par value: authorized 200,000,000 shares; 20,425,964 shares issued and outstanding as of June 30, 2025 and 21,272,351 shares issued and outstanding as of December 31, 2024 2 2
Additional paid-in capital 115,338 113,868
Accumulated other comprehensive income 717 1,119
Retained deficit (61,523) (57,460)
Total stockholders’ equity 54,534 57,529
Total liabilities and stockholders’ equity $ 100,849 $ 103,614