v3.25.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS:    
Cash and cash equivalents $ 4,929 $ 9,439
Accounts receivable, net of allowance for credit losses of $502 and $487, respectively 31,227 46,532
Prepaid expenses and other current assets 9,119 8,729
Current restricted cash 1,673 1,255
Total current assets 46,948 65,955
Non-current restricted cash 710 0
Property and equipment, net 193 304
Operating lease right-of-use assets 3,214 1,570
Intangible assets, net 19,618 21,797
Other non-current assets 3,788 3,991
Total assets 74,471 93,617
LIABILITIES AND SHAREHOLDERS' EQUITY:    
Accounts payable 8,715 8,776
Accrued expenses and other current liabilities 19,696 21,905
Deferred revenue 335 556
Current portion of long-term debt 19,860 31,609
Current portion of operating lease liability 1,045 1,836
Total current liabilities 49,651 64,682
Long-term debt, net 0 250
Convertible Notes, at fair value with related parties 3,322 3,720
Operating lease liability, net 2,375 9
Other non-current liabilities 0 1
Total liabilities 55,348 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 — 25,037,334 and 20,791,431, respectively; and Shares outstanding — 24,268,739 and 20,022,836, respectively 50 47
Treasury stock, at cost — 768,595 and 768,595 Shares, respectively (11,407) (11,407)
Additional paid-in capital 456,767 447,110
Accumulated deficit (426,287) (410,795)
Total shareholders' equity 19,123 24,955
Total liabilities and shareholders' equity $ 74,471 $ 93,617