v3.25.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2025
Summary of Significant Accounting Policies [Abstract]  
Schedule of Operating Segment

Schedule of operating segment

 

   Three months Ended
March 31,		   Changes 
   (In thousands)     
   2025   2024   Amount   % 
Software services  $1,652    2,025    (373)   (18)%
Managed services and support   1,982    1,996    (14)   (1)%
Platform services   70    88    (18)   (20)%
Revenue  $3,704   $4,109   $(405)   (10)%

 

Operating profit by Operating Segment

 

Three months ended March 31, 2025
Particulars  Software
Services		   Managed
Services		   Platform
Services		   Total 
Revenue from customers   1,734    1,900    70    3,704 
Intersegment revenues   
-
    
-
    
-
    
-
 
Total   1,734    1,900    70    3,704 
Less:                    
Elimination of intersegment revenues   
-
    
-
    
-
    
-
 
Cost of revenue   (1,543)   (1,823)   (9)   (3,375)
Segmental gross profit   191    77    61    329 
Research and development   
-
    
-
    144    144 
Sales and marketing   175    191    7    373 
General and administrative   561    615    23    1,198 
Segmental loss   (544)   (729)   (113)   (1,386)
Interest expenses   (193)   (212)   (8)   (413)
Depreciation and amortization   
-
    
-
    (12)   (12)
Other income   52    57    2    111 
Income before income taxes   (686)   (884)   (130)   (1,700)
Income tax   -    -    -    - 
Income after income taxes   (686)   (884)   (130)   (1,700)
Three months ended March 31, 2024
Particulars  Software
Services		   Managed
Services		   Platform
Services		   Total 
Revenue from customers   2,025    1,996    88    4,109 
Intersegment revenues   -    -    -    - 
Total   2,025    1,996    88    4,109 
Less:                  - 
Elimination of intersegment revenues   -    -    -    - 
Cost of revenue   (1,625)   (1,414)   (56)   (3,095)
Segmental gross profit   400    582    32    1,014 
Research and development   -    -    127    127 
Sales and marketing   435    429    19    883 
General and administrative   582    574    25    1,181 
Segmental profit / (loss)   (617)   (421)   (139)   (1,177)
Interest expenses   (73)   (72)   (3)   (149)
Depreciation   -    -    (536)   (536)
Amortization   -    -    -    - 
Other income   -    -    -    - 
Income before income taxes   (691)   (493)   (678)   (1,862)
Income tax   -    -     -    - 
Income after income taxes   (691)   (493)   (678)   (1,862)
Schedule of Concentration

Schedule of concentration

 

Customer  Amount
(In thousands)		   % of
Revenue		 
Customer 1  $        754    20%
Customer 2   659    18%
Customer 3   266    7%
Customer 4   233    6%
Customer 5  $188    5%

Schedule of concentration

 

Customer   Amount
(In thousands)		     % of
Revenue		  
Customer 1   $         807       20 %
Customer 2     720       18 %
Customer 3     490       12 %
Customer 4     476       12 %
Customer 5   $ 332       8 %
Schedule of Receivables and Contract Liabilities

The beginning and ending contract balances were as follows:

   March 31,
2025		   December 31,
2024		 
   (In thousands) 
Accounts Receivable   1,907    1,110