v3.26.1
Accrued Liabilities
 3 Months Ended
Mar. 31, 2026
Payables and Accruals [Abstract]  
Accrued Liabilities

NOTE 7 – Accrued Liabilities

 

Accrued liabilities consisted of the following as of March 31, 2026 and December 31, 2025 (in thousands):

 

               
    March 31,
2026		     December 31,
2025		  
Accrued expenses and reimbursements   $ 1,503     $ 1,502  
Accrued compensation and benefits     380       469  
Accrued bonus and commissions     258       115  
Accrued sales and other indirect taxes payable     156       158  
Accrued insurance premium and interest     116       24  
Accrued transaction costs     13       13  
Income tax payables     2       -  
Accrued liabilities   $ 2,428     $ 2,281  

 

Financed Director & Officers Insurance

 

The Company entered into a Directors & Officers (“D&O”) insurance agreement with Oakwood D&O Insurance, effective on March 15, 2026. The agreement states that the Company will pay a total of $145 thousand in premiums at an annual percentage rate of 6.9%. The first of ten monthly separate installment payments begin on April 14, 2026. The Company paid a down payment on the policy of $29 thousand. As of March 31, 2026 and December 31, 2025, the Company owed $116 thousand and $24 thousand, respectively, on the D&O insurance policy.