TRANS LUX CORP

CIK:0000099106|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Revenues:
Revenues	$ 12,862	$ 15,552
Cost of revenues:
Cost of revenues	11,505	14,549
Gross income	1,357	1,003
General and administrative expenses	(4,121)	(3,988)
Operating loss	(2,764)	(2,985)
Interest expense, net	(908)	(791)
Gain (loss) on foreign currency remeasurement	192	(60)
Other income	272	89
Pension expense	(246)	(289)
Loss before income taxes	(3,454)	(4,036)
Income tax expense	(25)	(31)
Net loss	(3,479)	(4,067)
Digital product sales
Revenues:
Revenues	12,132	14,683
Cost of revenues:
Cost of revenues	11,131	14,118
Digital product lease and maintenance
Revenues:
Revenues	730	869
Cost of revenues:
Cost of revenues	$ 374	$ 431

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Net loss	$ (3,479)	$ (4,067)
Adjustment to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	318	378
Amortization of right of use assets	646	395
(Gain) loss on foreign currency remeasurement	(192)	60
Issuance of common stock for compensation		26
Amortization of stock options		38
Allowance for credit losses	29	(90)
Changes in operating assets and liabilities:
Accounts receivable	(207)	1,391
Inventories	271	350
Prepaids and other assets	(328)	923
Accounts payable	985	2,081
Accrued liabilities	991	1,068
Operating lease liabilities	(643)	(410)
Customer deposits	507	(970)
Deferred pension liability and other	100	(551)
Net cash (used in) provided by operating activities	(1,002)	622
Cash flows from investing activities
Purchases of property, plant and equipment	(4)	(327)
Net cash used in investing activities	(4)	(327)
Cash flows from financing activities
Proceeds from long-term debt	1,200	243
Payments of long-term debt	(7)	(201)
Net cash provided by financing activities	1,193	42
Effect of exchange rate changes	(1)
Net increase in cash and restricted cash	186	337
Cash and restricted cash at beginning of year	385	48
Cash and restricted cash at end of period	571	385
Supplemental disclosure of cash flow information:
Interest paid	22	24
Income taxes paid	6	10
Current assets
Cash	371	185
Long-term assets
Restricted cash	200	200
Cash and restricted cash at end of period	$ 571	$ 385

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash	$ 371	$ 185
Receivables, net	1,709	1,531
Inventories	2,101	2,372
Prepaids and other assets	476	148
Total current assets	4,657	4,236
Long-term assets:
Rental equipment, net	54	111
Property, plant and equipment	1,521	1,778
Right of use assets	1,325	1,971
Restricted cash	200	200
Other assets	34	34
Total long-term assets	3,134	4,094
TOTAL ASSETS	7,791	8,330
Current liabilities:
Accounts payable	9,405	8,420
Accrued liabilities	6,697	5,352
Current portion of long-term debt	4,976	3,776
Current lease liabilities	272	352
Customer deposits	720	213
Total current liabilities	22,070	18,113
Long-term liabilities:
Long-term debt, less current portion	527	535
Long-term lease liabilities	1,081	1,644
Deferred pension liability and other	1,419	2,248
Total long-term liabilities	3,027	4,427
Total liabilities	25,097	22,540
Stockholders' deficit:
Common Stock - $0.001 par value - 30,000,000 shares authorized; shares issued: 13,524,116 in 2024 and 2023 shares outstanding: 13,496,276 in 2024 and 2023	13	13
Additional paid-in-capital	41,508	41,508
Accumulated deficit	(50,198)	(46,719)
Accumulated other comprehensive loss	(5,566)	(5,949)
Treasury stock - at cost - 27,840 common shares in 2024 and 2023	(3,063)	(3,063)
Total stockholders' deficit	(17,306)	(14,210)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	7,791	8,330
Series A Preferred Stock
Stockholders' deficit:
Preferred stock value
Series B Preferred Stock
Stockholders' deficit:
Preferred stock value