v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 16,585 $ 13,380
Accounts receivable, net of allowance for credit losses of $260 and $335 at June 30, 2025 and December 31, 2024, respectively 33,512 38,212
Taxes receivable 646 0
Prepaid expenses and other assets 3,337 2,379
Total current assets 54,080 53,971
Property and equipment, net 134 150
Other assets    
Goodwill 70,869 70,869
Patent rights, net 5,181 5,517
Technology assets, net 7,677 8,180
Tradename and customer relationships, net 30,634 31,819
Operating lease right of use assets 528 366
Security deposits and other assets 162 296
Total other assets 115,051 117,047
TOTAL ASSETS 169,265 171,168
Current liabilities    
Current portion of long-term debt 3,300 2,000
Accounts payable 1,982 2,156
Accrued expenses 12,491 8,486
Revenue share payable 2,591 5,053
Taxes payable 0 318
Current portion of lease liabilities 209 168
Deferred revenue 484 473
Total current liabilities 21,057 18,654
Non-current liabilities    
Long-term debt, net 25,127 30,816
Lease liabilities, net of current portion 339 209
Deferred tax liabilities, net 3,458 4,491
Total liabilities 49,981 54,170
Commitments and contingencies (See Note 12)
Stockholders’ equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value, 166,666,667 shares authorized, 20,297,388 and 20,194,697 shares issued at June 30, 2025 and December 31, 2024, respectively 20 20
Treasury stock, $0.001 par value, 1,741,397 shares held at June 30, 2025 and December 31, 2024 (2) (2)
Additional paid-in-capital 204,301 201,348
Accumulated deficit (85,035) (84,368)
Total stockholders’ equity 119,284 116,998
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 169,265 $ 171,168