v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 4,402 $ 6,260
Accounts receivable, net of allowance of $664 and $390, respectively 1,633 430
Prepaid expenses and other current assets 695 783
Total current assets 6,730 7,473
Long-term assets    
Goodwill 8,450 2,843
Property and equipment, net 5,129 3,350
Operating lease right-of-use asset 3,244 1,032
Intangible assets, net 2,225 370
Deposits and other 255 216
Total assets 26,033 15,284
Current liabilities    
Accounts payable 1,763 1,098
Accrued expenses 2,302 2,234
Current portion of contract liabilities 480 896
Current portion of operating lease liability 654 477
Current portion of financing lease liability 55
Current portion of debt 157
Other current liabilities 1,015 273
Total current liabilities 6,426 4,978
Long-term liabilities    
Contract liabilities, net of current portion 5 97
Employee retention credit liability 2,904 1,220
Operating lease liability, net of current portion 2,814 1,035
Financing lease liability, net of current portion 141
Debt, net of current portion 7,760
Other liabilities 1,400
Total liabilities 21,450 7,330
Commitments and contingencies (Note 13)
Stockholders’ equity    
Preferred Stock, $0.0001 par value per share. Authorized 50,000,000 shares; no shares issued and outstanding
Common Stock, $0.0001 par value per share. Authorized 200,000,000 shares; issued and outstanding 7,324,807 shares as of June 30, 2025 and 5,889,520 shares as of December 31, 2024
Additional paid-in capital 117,647 112,141
Accumulated deficit (113,064) (104,187)
Total stockholders’ equity 4,583 7,954
Total liabilities and stockholders’ equity $ 26,033 $ 15,284