Sales Performance - Net sales for the three-month period ended September 30, 2025, were approximately $2,953,000, representing a 16% increase from $2,540,000 in the same period of 2024[69] - For the nine-month period ended September 30, 2025, net sales were $13,212,000, an increase of 12% from $11,788,000 in the same period of 2024[71] - Revenues from foil balloons increased to $2,352,000 for the three months ended September 30, 2025, compared to $2,322,000 in 2024, reflecting a 1% increase[73] - Revenues from film products rose significantly to $253,000 for the three months ended September 30, 2025, from $129,000 in 2024, marking a 96% increase[74] Cost and Expenses - The cost of sales for the three months ended September 30, 2025, was $2,886,000, representing 98% of sales, compared to 101% in the same period of 2024[79] - General and administrative expenses increased to $869,000 for the three months ended September 30, 2025, from $751,000 in 2024, primarily due to higher legal expenses[80] Liquidity and Cash Flow - The company maintained senior secured credit facilities totaling $7.0 million in revolving credit and $0.7 million in term loans as of September 30, 2025[64] - As of September 30, 2025, the company had $4.6 million outstanding on the revolving facility and $0.6 million on the term loan, with $2.4 million of remaining borrowing capacity[67] - Net cash provided by operations during the nine months ended September 30, 2025, was $2,300,000, compared to $862,000 in the same period of 2024[83] - The company received a dispute settlement amount of $315,000 during the three months ended September 30, 2025, contributing to other income[82] - Cash used in investing activities was $68,000 in 2025, down from $302,000 in 2024[85] - Cash used in financing activities was $2,065,000 in 2025, compared to $1,476,000 in 2024[86] - Cash balances increased to $387,000 at September 30, 2025, compared to $5,000 for the same period in 2024[87] - The primary sources of liquidity include cash and cash equivalents, as well as availability under the Credit Agreement[89] Accounts and Inventory - Accounts receivable decreased by $2,712,000 in the nine months ended September 30, 2025, compared to a decrease of $1,779,000 in the same period of 2024[84] - Inventory increased by $187,000 in 2025, compared to an increase of $61,000 in 2024[84] Going Concern - The company faces substantial doubt about its ability to continue as a going concern for one year from the issuance of the financial statements[88] Seasonal Sales - Sales in the foil balloon product line are historically seasonal, with approximately 40% occurring from December through March[90]

Financial Performance - Net sales for the three-month period ended June 30, 2025, were approximately $5,457,000, representing a 25% increase from $4,354,000 in the same period of 2024[68]. - For the six-month period ended June 30, 2025, net sales were $10,259,000, an increase of $1,011,000 or 11% compared to $9,248,000 in 2024[70]. - Revenues from foil balloons decreased to $3,012,000 during the three-month period ended June 30, 2025, down 7% from $3,252,000 in 2024, attributed to shipment timing[69][71]. - Revenues from commercial films increased to $350,000 and $777,000 for the three and six-month periods ended June 30, 2025, compared to $171,000 and $476,000 in 2024, reflecting a 105% and 63% increase respectively[72]. - Other revenues for the three and six-month periods ended June 30, 2025, were $2,095,000 and $2,237,000, compared to $931,000 and $2,601,000 in 2024, with fluctuations due to timing of shipments[73]. Financing and Debt - The company has a senior secured financing agreement with a revolving credit facility of up to $6 million and a term loan facility of $731,250, secured by substantially all assets[60]. - As of June 30, 2025, the term loan balance was approximately $0.6 million, and the balance of the revolving line of credit was $4.7 million[65]. - The company received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement, with a grace period until April 21, 2025, to regain compliance[57]. - The company intends to monitor its stock price closely and may consider a reverse stock split if necessary to meet Nasdaq requirements[58]. Customer Concentration - Customer A accounted for 38% of net sales in Q2 2025, down from 60% in Q2 2024, while Customer B represented 44% in Q2 2025, up from 24% in Q2 2024[77]. - Total amounts owed by these two customers were approximately $3,484,000, representing 89% of the Company's consolidated net accounts receivable as of June 30, 2025, compared to 94% in 2024[77]. Expenses and Cash Flow - Cost of sales for the six months ended June 30, 2025, was $8,415,000, which is 82% of net sales, an improvement from 83% in the same period of 2024[78]. - General and administrative expenses increased to $1,593,000 for the six months ended June 30, 2025, compared to $1,698,000 in 2024[79]. - Selling, advertising, and marketing expenses decreased to $338,000 for the six months ended June 30, 2025, down from $413,000 in 2024[80]. - Net cash provided by operations was $1,714,000 for the six months ended June 30, 2025, a significant increase from $108,000 in the same period of 2024[82]. - Cash used in investing activities was $42,000 for the six months ended June 30, 2025, compared to $274,000 in 2024[83]. - Cash used in financing activities was $1,874,000 for Q2 2025, compared to $733,000 in Q2 2024[84]. - The Company had cash balances of $18,000 as of June 30, 2025, down from $22,000 in 2024[85]. Company Outlook - The Company changed its name to include "Green" to reflect its commitment to supplying biodegradable and compostable materials[56]. - There is substantial doubt about the Company's ability to continue as a going concern due to supply chain constraints and inflationary pressures[87].

Financial Performance - Net sales for Q1 2025 were approximately $4.80 million, a slight decrease of $92,000 or 1.9% compared to $4.89 million in Q1 2024[71] - Revenue from foil balloons increased to $4,234,000 in Q1 2025, up from $2,919,000 in Q1 2024, representing a 45% increase[72] - Revenue from film products rose to $427,000 in Q1 2025, compared to $305,000 in Q1 2024, marking a 40% increase[73] - Other revenues decreased significantly to $141,000 in Q1 2025 from $1,670,000 in Q1 2024, primarily due to the timing of spring product shipments[74] - The cost of sales for Q1 2025 was $3,936,000, slightly lower than $3,999,000 in Q1 2024, maintaining a gross margin of 18%[77] - General and administrative expenses decreased to $839,000 in Q1 2025 from $1,040,000 in Q1 2024, largely due to a $167,000 reduction in audit fees[78] Cash Flow and Liquidity - Net cash provided by operations was $970,000 in Q1 2025, compared to net cash used in operations of $767,000 in Q1 2024[79] - As of March 31, 2025, the company had cash balances of $172,000, an increase from $49,000 in the same period of 2024[82] - The term loan balance as of March 31, 2025, was $0.6 million, with a revolving line of credit balance of $5.6 million[68] - The Company's primary sources of liquidity include cash and cash equivalents, as well as availability under the Credit Agreement[85] Going Concern - The Company faces substantial doubt about its ability to continue as a going concern for one year from the issuance of the consolidated financial statements[84] - Management's plans to ensure going concern include executing the business plan and exploring alternative funding sources[84] Compliance and Accounting - The company is in compliance with the Senior Facilities' requirement to maintain a Tangible Net Worth of at least $4,000,000[66] - There have been no material changes to the critical accounting estimates since December 31, 2024[87] Seasonal Sales - Sales in the foil balloon product line are historically seasonal, with approximately 40% of sales occurring from December through March[86]