v3.25.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 5,707 $ 2,823
Accounts receivable, net of allowance for credit loss reserve, $71 and $71 as of March 31, 2025 and December 31, 2024, respectively 955 2,636
Unbilled revenue 641 733
Prepaid expenses and other current assets 322 131
Inventory 47 39
TOTAL CURRENT ASSETS 7,672 6,362
PROPERTY AND EQUIPMENT, NET 88 116
RIGHT OF USE ASSET 100 236
INTANGIBLE ASSETS, NET 5,247 5,365
GOODWILL 3,988 3,988
TOTAL ASSETS 17,095 16,067
CURRENT LIABILITIES    
Term note, current 500
Accounts payable 1,295 2,971
Other accrued expense 305 660
Lease liability- current 48 108
TOTAL CURRENT LIABILITIES 1,648 4,239
LONG-TERM LIABILITIES    
Long-term lease liability 54 139
Term note 375
Convertible note – related party 450 450
Convertible note 300 650
TOTAL LIABILITIES 2,452 5,853
STOCKHOLDERS' EQUITY    
Common stock, $0.001 par value; 675,000,000 shares authorized;12,665,892 and 10,829,908 shares issued, 12,414,772 and 10,539,441 shares outstanding as of March 31, 2025 and December 31, 2024, respectively 13 11
Additional paid in capital 101,225 96,344
Treasury stock as cost; 251,120 and 290,467 shares at March 31, 2025 and December 31, 2024, respectively (351) (480)
Accumulated deficit (86,244) (85,673)
Accumulated other comprehensive loss 12
STOCKHOLDERS' EQUITY 14,643 10,214
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 17,095 16,067
Series A Preferred Stock [Member]    
STOCKHOLDERS' EQUITY    
Convertible preferred stock
Series B Preferred Stock [Member]    
STOCKHOLDERS' EQUITY    
Convertible preferred stock