SEGMENT REPORTING (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2025

Dec. 31, 2024

SEGMENT REPORTING

Schedule of revenues, expenses and net loss by segment


		Three Months Ended September 30,						Nine Months Ended September 30,
		2025			2024			2025			2024
Revenues:
Hardware		$	3,768		$	7,713		$	11,908		$	17,115
Software			4,319			5,612			8,667			10,222
Services			706			894			2,436			2,226
Total revenues			8,793			14,219			23,011			29,563
Cost of goods sold
Hardware			2,665			5,545			8,010			12,563
Software			1,081			1,665			2,520			3,509
Services			501			329			1,375			1,072
Excess and obsolete			47			318			227			322
Total cost of goods sold			4,294			7,857			12,132			17,466
Gross profit			4,499			6,362			10,879			12,097
Operating expenses:
Research and development			266			165			580			915
Software engineering			452			288			1,156			916
Platform engineering			850			586			2,201			2,256
Sales			2,110			1,681			5,954			6,086
General and administrative			3,385			2,035			11,159			10,772
Marketing and business development			2,104			1,449			5,938			5,325
International sales			126			134			398			721
Total operating expenses			9,293			6,338			27,386			26,991
Loss from operations			(4,794)			24			(16,507)			(14,894)
Other (expense) income:
Interest expense			(306)			(596)			(1,109)			(2,235)
Other income (expense), net			78			368			148			18
Gain on change in fair value of convertible debt			(1,148)			—			(623)			—
Loss on extinguishment of debt			—			—			—			(52)
Loss before income taxes			(6,170)			(204)			(18,091)			(17,163)
Income tax expense (benefit)			(1)			—			12			34
Segment net loss		$	(6,169)		$	(204)		$	(18,103)		$	(17,197)


		Year Ended December 31,
		2024			2023
Revenues:
Hardware		$	21,991		$	27,461
Software			12,857			13,229
Services			3,250			3,232
Total revenues			38,098			43,922
Cost of goods sold
Hardware			15,950			19,741
Software			5,025			5,545
Services			1,152			779
Other			402			963
Total cost of goods sold			22,529			27,028
Gross profit			15,569			16,894
Operating expenses:
Research and development			849			402
Software engineering			1,158			1,054
Platform engineering			2,886			2,762
Sales			8,370			7,225
General and administrative			12,419			6,710
Marketing and business development			6,712			4,722
International sales			833			951
Other operating expenses			—			1,683
Total operating expenses			33,227			25,509
Loss from operations			(17,658)			(8,615)
Other (expense) income:
Interest expense			(2,815)			(2,900)
Other income (expense), net			43			23
Loss on extinguishment of debt			(359)			(1,541)
Loss before income taxes			(20,789)			(13,033)
Income tax expense			34			3
Segment net loss		$	(20,823)		$	(13,036)