v3.26.1
Note 13 - Segment Information
 3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

13.

Segment Information

 

The Company conducts business as a single operating segment, which is based upon the Company’s organizational and management structure, as well as information used by the chief operating decision maker (“CODM”) to allocate resources and other factors. The key measure of segment profitability that the CODM uses to allocate resources and assess performance is consolidated net income (loss), as reported on the consolidated statements of operations. The CODM utilizes consolidated net loss by comparing actual results against budgeted amounts on a quarterly basis. The following table presents the significant revenue and expense categories of the Company’s single operating segment:

 

   

Three Months Ended March 31,

 
   

2026

    

2025

  
                 

Revenues

   $ 20,755     $ 21,774  

Less:

                

Cost of revenues (1)

     8,505       9,560  

Sales and marketing expenses (1)

     5,281       4,853  

General and administrative expenses (1)

     4,547       4,826  

Research and development expenses (1)

     2,284       2,228  

Amortization of acquired intangibles

     820       1,160  

Interest expense

     1,728       933  

Income tax expense (benefit)

     117       (454 )

Goodwill impairment

     -       47,951  

Other segment expenses (2)

     897       1,057  

Net loss

   $ (3,424 )   $ (50,340 )

 

(1)         Excludes stock-based compensation expense

(2)         Includes stock-based compensation, other operating expenses and other expenses

 

Asset information provided to the CODM is consistent with that reported on the consolidated balance sheets with particular emphasis on the Company’s available liquidity, including its cash, accounts receivable, and inventory, reduced by current liabilities. Information relating to the Company’s products and services and geographical distribution of revenues is disclosed in Note 3.