v3.25.1
Note 3 - Accrued Expenses and Other Current Liabilities
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]

Note 3 - Accrued Expenses and Other Current Liabilities

 

Accrued expenses and other current liabilities consisted of the following (in thousands):

 

  

March 31,

  

December 31,

 
  

2025

  

2024

 

Compensation costs

 $677  $560 

Customer deposits

  77   77 

Professional fees

  98   86 

Taxes and regulatory fees

  224   201 

Accrued rent

  170   170 

Accrued dividends on Series F Preferred Stock

  41   29 

Other accrued expenses and liabilities

  7   8 

Accrued expenses and other liabilities

 $1,294  $1,131 

 

As of March 31, 2025, and December 31, 2024, our Managed Services segment had accrued expenses and other current liabilities of $21,000 and $18,000, respectively. These expenses consisted primarily of taxes and regulatory fees. The increase was primarily related to higher regulatory fees.

 

As of March 31, 2025, and December 31, 2024, accrued expenses and other current liabilities for our Collaboration Products segment were $257,000 and $252,000, respectively. These amounts primarily consist of rent expenses and customer deposits. 

 

Unallocated accrued expenses were $1,016,000 and $861,000 as of March 31, 2025, and December 31, 2024, respectively. Unallocated accrued expenses consisted primarily of compensation expenses, professional service expenses, accrued dividends, and corporate franchise taxes.