Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 964 $ 3,186
Accounts receivable, net 27,205 22,901
Inventories, net 5,519 5,391
Other current assets 4,584 4,858
Total current assets 38,272 36,336
Medical equipment for sale or rental 2,395 4,589
Medical equipment in rental service, net of accumulated depreciation 34,412 34,456
Property & equipment, net of accumulated depreciation 3,003 3,359
Goodwill 3,710 3,710
Intangible assets, net 6,482 6,866
Operating lease right of use assets 3,518 4,178
Deferred income taxes 3,582 4,640
Derivative financial instruments 807 748
Other assets 1,519 1,678
Total assets 97,700 100,560
Current liabilities:    
Accounts payable 8,979 10,821
Other current liabilities 6,321 9,361
Total current liabilities 15,300 20,182
Long-term debt 20,424 19,625
Operating lease liabilities, net of current portion 2,830 3,427
Total liabilities 38,554 43,234
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; 19,914,156 shares issued and outstanding as of June 30, 2026 and 20,209,636 shares issued and outstanding as of December 31, 2025 2 2
Additional paid-in capital 119,350 117,461
Accumulated other comprehensive income 606 565
Retained deficit (60,812) (60,702)
Total stockholders’ equity 59,146 57,326
Total liabilities and stockholders’ equity $ 97,700 $ 100,560