v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 31,378 $ 18,193
Trade receivables, net of allowance of $124 and $146, respectively 4,913 4,352
Inventories 454 393
Equipment financing receivables, net of allowance of $50 and $69, respectively 1,416 1,049
Contract costs 2,318 1,931
Prepaid expenses 892 876
Income tax receivable 234 75
Other current assets 292 13
Total current assets 41,897 26,882
Contract assets, net of allowance of $145 and $127, respectively 402 406
Long-term equipment financing receivables, net of allowance of $107 and $157, respectively 3,223 2,397
Property and equipment, net 195 394
Operating lease right-of-use assets 1,006 1,491
Intangible assets, net 17,860 20,528
Goodwill 9,454 9,454
Contract costs, net of current portion 3,319 2,879
Other long-term assets 330 507
Total Assets 77,686 64,938
Current liabilities:    
Accounts payable 649 1,003
Accrued expenses 8,391 6,992
Finance leases 2 21
Notes payable 114 478
Operating lease liabilities 493 481
Income tax payable 151 40
Contract liabilities 2,528 3,079
Total current liabilities 12,328 12,094
Contract liabilities, net of current portion 1,008 293
Finance leases, net of current portion 0 2
Notes payable, net of current portion 0 114
Operating lease liabilities, net of current portion 529 1,022
Total liabilities 13,865 13,525
Stockholders' equity:    
Preferred stock, par value $0.001 per share - authorized 5,000,000 shares; none issued 0 0
Common stock, par value $0.001 per share - authorized 50,000,000 shares, 31,004,327 shares issued and outstanding as of December 31, 2025 and 27,621,557 shares issued and outstanding as of December 31, 2024 31 28
Additional paid-in capital 145,325 138,015
Accumulated deficit (81,719) (86,790)
Accumulated other comprehensive income 184 160
Total stockholders' equity 63,821 51,413
Total Liabilities and Stockholders' Equity $ 77,686 $ 64,938