Summary of Significant Accounting Policies (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Accounting Policies [Abstract] |
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| Schedule of Assets Measured at Fair Value on a Recurring Basis |
As of December 31, 2025, our assets that are measured at fair value on a recurring basis include the following (in thousands):
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Fair Value Measurement at
December 31, 2025 Using: |
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Quoted Prices
in Active
Markets for
Identical
Assets |
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Significant
Other
Observable
Inputs |
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Significant
Unobservable
Inputs |
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Total |
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(Level 1) |
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(Level 2) |
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(Level 3) |
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Assets: |
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Money market funds (included in cash
and cash equivalents) |
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$ |
5,881 |
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$ |
- |
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$ |
- |
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$ |
5,881 |
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Marketable securities |
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15,026 |
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- |
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- |
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15,026 |
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Total assets |
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$ |
20,907 |
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$ |
- |
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$ |
- |
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$ |
20,907 |
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As of December 31, 2024, our assets and liabilities that are measured at fair value on a recurring basis included the following (in thousands):
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Fair Value Measurement at
December 31, 2024 Using: |
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Quoted Prices
in Active
Markets for
Identical
Assets |
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Significant
Other
Observable
Inputs |
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Significant
Unobservable
Inputs |
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Total |
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(Level 1) |
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(Level 2) |
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(Level 3) |
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Assets: |
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Money market funds (included in cash
and cash equivalents) |
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$ |
10,671 |
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$ |
- |
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$ |
- |
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$ |
10,671 |
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Marketable securities |
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14,842 |
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- |
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- |
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14,842 |
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Total assets |
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$ |
25,513 |
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$ |
- |
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$ |
- |
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$ |
25,513 |
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| Summary of Marketable Securities by Security Type |
Marketable securities by security type consisted of the following (in thousands):
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December 31, 2025: |
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Amortized Cost |
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Gross Unrealized Gains |
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Gross Unrealized Losses |
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Fair Value |
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U.S. Treasury notes and bonds |
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$ |
14,798 |
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$ |
228 |
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$ |
— |
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$ |
15,026 |
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$ |
14,798 |
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$ |
228 |
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$ |
— |
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$ |
15,026 |
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December 31, 2024: |
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Amortized Cost |
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Gross Unrealized Gains |
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Gross Unrealized Losses |
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Fair Value |
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U.S. Treasury notes and bonds |
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$ |
14,591 |
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$ |
260 |
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$ |
(9 |
) |
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$ |
14,842 |
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$ |
14,591 |
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$ |
260 |
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$ |
(9 |
) |
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$ |
14,842 |
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| Schedule of Allowance for Credit Losses |
For the years ended December 31, 2025 and 2024, changes to and ending balances of the allowance for credit losses were as follows (in thousands):
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Years ended
December 31, |
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2025 |
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2024 |
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Allowance for credit losses balance - beginning of year |
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$ |
247 |
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$ |
173 |
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Additions to the allowance for credit losses |
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166 |
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85 |
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Deductions against the allowance for credit
losses |
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(180 |
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(11 |
) |
Allowance for credit losses balance - end of year |
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$ |
233 |
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$ |
247 |
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| Schedule of Estimated Useful Lives Assets |
The estimated useful lives of assets are:
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Leasehold improvements |
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10 years |
Furniture and fixtures |
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5 years |
Computer and office equipment |
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3 years |
Purchased software |
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3 years |
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| Schedule of Changes in Contract Assets and Liabilities |
The following table presents changes in our contract assets and liabilities during the years ended December 31, 2025 and 2024 (in thousands):
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Balance at
Beginning
of period |
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Revenue
Recognized
In Advance
of Billings |
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Billings |
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Balance at
End of
Period |
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Year ended December 31, 2025 |
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Contract Assets: |
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Unbilled receivables |
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$ |
1,080 |
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$ |
6,261 |
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$ |
(5,993 |
) |
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$ |
1,348 |
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Year ended December 31, 2024 |
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Contract Assets: |
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Unbilled receivables |
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$ |
1,401 |
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$ |
3,558 |
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$ |
(3,879 |
) |
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$ |
1,080 |
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Balance at
Beginning
of period |
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Billings |
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Revenue
Recognized |
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Balance at
End of
Period |
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Year ended December 31, 2025 |
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Contract Liabilities: |
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Deferred revenue |
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$ |
5,163 |
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$ |
8,664 |
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$ |
(8,712 |
) |
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$ |
5,115 |
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Year ended December 31, 2024 |
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Contract Liabilities: |
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Deferred revenue |
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$ |
5,537 |
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$ |
8,203 |
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$ |
(8,577 |
) |
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$ |
5,163 |
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| Schedules of Concentration of Credit Risk with Respect to Net Accounts Receivable and Total Revenue |
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December 31, |
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2025 |
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2024 |
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Customer A |
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26 |
% |
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4 |
% |
Customer B |
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15 |
% |
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16 |
% |
Customer C |
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14 |
% |
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0 |
% |
Customer D |
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9 |
% |
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18 |
% |
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| Schedule of Revenues Generated from Geographic Regions |
Revenues were generated from the following geographic regions (in thousands):
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Year ended
December 31, |
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2025 |
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2024 |
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United States |
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$ |
8,556 |
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$ |
7,597 |
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United Kingdom |
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2,216 |
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4,720 |
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Rest of world |
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6,521 |
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5,072 |
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$ |
17,293 |
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$ |
17,389 |
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| Schedule of Revenue by Product Group |
Revenue by product group was (in thousands):
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Year ended
December 31, |
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2025 |
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2024 |
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License and service contracts |
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$ |
12,828 |
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$ |
13,431 |
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Subscription-based contracts |
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4,465 |
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3,958 |
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$ |
17,293 |
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$ |
17,389 |
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| Schedule of Revenue by Timing of Transfer of Goods or Services |
Revenue by timing of transfer of goods or services was (in thousands):
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Year ended
December 31, |
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2025 |
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2024 |
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Goods or services transferred at a point in time |
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$ |
7,335 |
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$ |
7,720 |
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Goods or services transferred over time |
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9,958 |
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9,669 |
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$ |
17,293 |
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$ |
17,389 |
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