Total Revenue

–3.5% (from $66.67M to $64.37M)

A modest decline in revenue reflects continued exposure to soft housing market conditions—such as high interest rates and limited remodeling activity—that were evident in previous periods; these macroeconomic pressures contributed to lower overall sales. " "

Residential Floorcovering Products

–3.8% (from $65.69M to $63.26M)

The revenue drop in this segment is driven by persistent inflationary pressures and subdued home sales, which have reduced remodeling and replacement spending, an issue that had adversely affected prior periods as well. " "

Other Services

+13% (from $0.97M to $1.1M)

An increase in Other Services revenue suggests improved performance in specialized service lines (such as carpet yarn processing and dyeing), possibly due to targeted operational enhancements; however, no detailed explanation is provided beyond the numerical improvement. " "

Cash and Cash Equivalents

–76% (from $79K to $19K)

A sharp decrease in liquidity likely results from increased operating cash outflows and higher costs incurred to service rising liabilities, following similar pressures observed in previous reporting periods. " "

Current Liabilities

+124% (from $39,554K to $88,719K)

The more than doubling of current liabilities is primarily due to a significant rise in accounts payable and accrued expenses, signaling increased supplier obligations and short-term funding pressures that have intensified since the previous period. " "

Long-term Debt, net

–64% (from $78,290K to $28,530K)

A dramatic reduction in long-term debt indicates aggressive repayment or credit restructuring, suggesting a strategic shift in financing that builds on prior period efforts to manage debt levels more effectively. " "

Total Stockholders’ Equity

–44% (from $29,291K to $16,218K)

Equity erosion is driven by ongoing net losses and substantial share repurchases, which have further reduced the capital base compared to the previous period, reflecting the cumulative impact of unfavorable operating and market conditions. " "