Quarterly report [Sections 13 or 15(d)]

LIQUIDITY

v3.26.1
LIQUIDITY
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
LIQUIDITY LIQUIDITY
The Company identified certain negative financial trends, including recurring operating losses and fluctuating cash flows.

The Company has taken a number of actions to improve operations and has recorded positive cash flows from operating activities for the three months ended March 31, 2026 of $4.7 million. Although the Company currently expects to meet its near-term liquidity needs, there can be no assurance that its current sources of capital will be sufficient to satisfy its liquidity requirements in the future, which might require additional restructuring activities.

As of March 31, 2026, the Company had approximately $28.9 million of cash on hand and $25.0 million of capacity on the Revolving Credit Facility.