v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 522 $ 822
Trade receivables, net of allowance for credit losses 4,785 2,993
Other receivables 4 10
Notes receivable from related parties 5,847 5,501
Prepaid expenses and other current assets 336 442
Total current assets 11,494 9,768
Other intangible assets, net 2 3
Property, plant and equipment, net 60 15
Total assets 11,556 9,786
CURRENT LIABILITIES    
Factoring liability 2,375 174
Accounts payable 734 548
Accrued expenses 288 290
Accrued payroll 568 637
Deferred revenue 207 206
Note payable, current 26
Total current liabilities 4,198 1,855
LONG TERM LIABILITIES    
Note payable, net of current 21
Total long-term liabilities 21
Total liabilities 4,219 1,855
Commitment and contingencies (Note 9)
STOCKHOLDERS’ EQUITY    
Common stock, without par value, 300,000,000 shares authorized, 300,000,000 issued and outstanding as of December 31, 2024 and 2023  
Additional paid-in capital 750 750
Retained earnings 6,587 7,181
Total stockholders’ equity 7,337 7,931
Total liabilities and stockholders’ equity $ 11,556 $ 9,786