v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 20,169 $ 23,365
Accounts receivable, net of allowance for credit losses of $260 at March 31, 2026 and December 31, 2025 31,989 37,752
Taxes receivable 871 752
Prepaid expenses and other 3,136 2,846
Total current assets 56,165 64,715
Property and equipment, net 107 106
Other assets    
Goodwill 70,869 70,869
Patent rights, net 4,426 4,586
Technology assets, net 6,576 6,870
Customer relationships, net 28,751 29,340
Operating lease right-of-use assets 352 404
Security deposits and other assets 18 28
Total other assets 110,992 112,097
TOTAL ASSETS 167,264 176,918
Current liabilities    
Current portion of long-term debt 2,000 4,255
Accounts payable 3,066 1,636
Accrued expenses 3,592 11,591
Revenue share payable 955 3,086
Current portion of lease liabilities 177 193
Deferred revenue 669 503
Total current liabilities 10,459 21,264
Non-current liabilities    
Long-term debt, net 21,343 21,421
Lease liabilities, net of current portion 196 234
Deferred tax liabilities, net 5,655 5,705
Total liabilities 37,653 48,624
Commitments and contingent liabilities (See Note 11)
Stockholders’ equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding at March 31, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value, 166,666,667 shares authorized, 20,506,472 and 20,500,986 shares issued at March 31, 2026 and December 31, 2025, respectively 21 20
Treasury stock, $0.001 par value, 1,741,397 shares held at March 31, 2026 and December 31, 2025 (2) (2)
Additional paid-in-capital 209,323 207,512
Accumulated deficit (79,731) (79,236)
Total stockholders’ equity 129,611 128,294
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 167,264 $ 176,918