v3.26.1
CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 594,000 $ 1,371,000
Restricted cash 1,861,000 1,861,000
Accounts receivable, net 15,409,000 16,287,000
Prepaid expenses and other current assets 1,035,000 1,170,000
Total current assets 18,899,000 20,689,000
Property and equipment, net 107,000 124,000
Intangible assets, net 11,097,000 11,542,000
Goodwill 6,999,000 6,999,000
Operating lease right-of-use assets, net 150,000 173,000
Other long-term assets 9,000 158,000
Total Assets 37,261,000 39,685,000
Current liabilities:    
Accounts payable and accrued expenses 20,342,000 24,852,000
Other current liabilities 3,555,000 4,210,000
Deferred revenue 4,399,000 2,834,000
Total Current Liabilities 115,098,000 116,231,000
Other liabilities, non-current   12,000
Operating lease liabilities 63,000 77,000
Total liabilities 115,161,000 116,320,000
Stockholders' deficit:    
Convertible preferred stock, par value $0.01, 20,000,000 shares authorized, no shares issued or outstanding at March 31, 2026 and December 31, 2025, respectively 0 0
Common stock, par value $0.01, 324,000,000 shares authorized, 186,141,070 and 183,218,504 shares issued, and 183,955,495 and 181,032,929 shares outstanding at March 31, 2026 and December 31, 2025, respectively 1,861,000 1,832,000
Treasury stock at cost, 2,185,575 and 2,185,575 shares at March 31, 2026 and December 31, 2025, respectively (220,000) (220,000)
Additional paid-in capital 101,994,000 101,988,000
Accumulated deficit (181,612,000) (180,312,000)
Accumulated other comprehensive income 77,000 77,000
Total stockholders' deficit (77,900,000) (76,635,000)
Total liabilities and stockholders' deficit 37,261,000 39,685,000
Centre Lane Senior Secured Credit Facility    
Current liabilities:    
Interest payable - related party 47,000 59,000
Note payable - related party $ 86,755,000 $ 84,276,000