v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (6,289,000) $ (7,511,000)
Less: loss from discontinued operations, net of taxes (Note 10) (206,000) (268,000)
Loss from continuing operations, net of taxes (6,083,000) (7,243,000)
Adjustments to reconcile loss from continuing operations to cash used in operating activities:    
Depreciation and amortization 873,000 862,000
Amortization of debt issuance costs 42,000 29,000
Deferred tax benefit (2,117,000)
Provision for (recovery of) credit losses on accounts receivable 46,000 (12,000)
(Gain) loss on disposal of property and equipment (6,000) 1,000
Issuance of common stock for services 235,000 238,000
Stock-based compensation 382,000 284,000
Changes in operating assets and liabilities of continuing operations    
Accounts receivable 2,974,000 3,311,000
Unbilled receivables (1,297,000) 1,356,000
Prepaid expenses, inventories and other assets 463,000 1,670,000
Accounts payable, accrued expenses and unearned revenue (1,402,000) (3,949,000)
Cash used in continuing operations (3,773,000) (5,570,000)
Cash used in discontinued operations (222,000) (245,000)
Cash used in operating activities (3,995,000) (5,815,000)
Cash flows from investing activities:    
Purchases of property and equipment, net of financed amount (1,432,000) (841,000)
Additions to permits and other intangible assets (74,000) (502,000)
Proceeds from sale of property and equipment 33,000 1,000
Cash used in continuing operations (1,473,000) (1,342,000)
Cash used in discontinued operations (16,000) (49,000)
Cash used in investing activities (1,489,000) (1,391,000)
Cash flows from financing activities:    
Repayments of revolving credit borrowings (37,708,000) (56,393,000)
Borrowing on revolving credit 37,708,000 56,393,000
Proceeds from issuance of Common Stock upon exercise of options/warrant 49,000 218,000
Proceeds from sale of Common Stock completed in May 2024, net of offering costs paid 18,636,000
Payment of offering costs from sale of Common Stock completed in December 2024 (194,000)
Principal repayments of finance lease liabilities (148,000) (146,000)
Principal repayments of long term debt (313,000) (520,000)
Payment of debt issuance costs (20,000) (61,000)
Cash (used in) provided by financing activities of continuing operations (626,000) 18,127,000
Effect of exchange rate changes on cash 1,000 (1,000)
(Decrease) increase in cash and finite risk sinking fund (restricted cash) (6,109,000) 10,920,000
Cash and finite risk sinking fund (restricted cash) at beginning of period 41,655,000 19,574,000
Cash and finite risk sinking fund (restricted cash) at end of period 35,546,000 30,494,000
Supplemental disclosure:    
Interest paid 229,000 227,000
Income taxes paid 50,000
Non-cash financing activities:    
Equipment purchase subject to finance 44,000
Equipment purchase subject to finance leases $ 132,000