v3.25.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS:    
Cash and cash equivalents $ 4,828 $ 9,439
Accounts receivable, net of allowance for credit losses of $483 and $487, respectively 37,019 46,532
Prepaid expenses and other current assets 8,126 8,729
Restricted cash 1,255 1,255
Total current assets 51,228 65,955
Property and equipment, net 233 304
Operating lease right-of-use assets 1,118 1,570
Intangible assets, net 20,986 21,797
Other non-current assets 3,929 3,991
Total assets 77,494 93,617
LIABILITIES AND SHAREHOLDERS' EQUITY:    
Accounts payable 8,513 8,776
Accrued expenses and other current liabilities 19,694 21,905
Deferred revenue 341 556
Current portion of long-term debt 21,801 31,609
Current portion of operating lease liability 1,310 1,836
Total current liabilities 51,659 64,682
Long-term debt, net 0 250
Convertible Notes, at fair value with related parties 3,800 3,720
Operating lease liability, net 0 9
Other non-current liabilities 0 1
Total liabilities 55,459 68,662
Contingencies (Note 10)
Shareholders' equity:    
Preferred stock — $0.0001 par value, 10,000,000 Shares authorized; Shares outstanding — 0 shares for both periods 0 0
Common stock — $0.0005 par value, 200,000,000 Shares authorized; Shares issued — 21,412,255 and 20,791,431, respectively; and Shares outstanding — 20,643,660 and 20,022,836, respectively 47 47
Treasury stock, at cost — 768,595 and 768,595 Shares, respectively (11,407) (11,407)
Additional paid-in capital 452,459 447,110
Accumulated deficit (419,064) (410,795)
Total shareholders' equity 22,035 24,955
Total liabilities and shareholders' equity $ 77,494 $ 93,617