v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 1,366 $ 3,624
Accounts receivable, net of allowance of $0.1 million 37 131
Prepaid expenses and other assets 602 476
Total current assets 2,005 4,231
Property and equipment:    
Equipment 2,971 2,917
Capitalized software development 5,861 5,663
Leasehold improvements 18 18
Property and equipment, gross 8,850 8,598
Accumulated depreciation and amortization (4,687) (4,313)
Property and equipment, net 4,163 4,285
Finance leases, right-of-use assets (“ROU”), net 193 222
Operating leases, ROU, net 1,320 1,392
Other assets 256 257
Total noncurrent assets 5,932 6,156
TOTAL ASSETS 7,937 10,387
Current Liabilities:    
Accounts payable, trade 1,049 492
Accrued expenses 519 357
Finance lease liabilities, current portion 127 167
Operating leases liabilities, current portion 146 266
Deferred revenue 1,044 503
Total current liabilities 2,885 1,785
Noncurrent Liabilities:    
Finance lease liabilities, noncurrent portion 5 6
Operating lease liabilities, noncurrent portion 1,348 1,319
Total noncurrent liabilities 1,353 1,325
Commitments and Contingencies – (See Note 5)
Stockholders’ Equity:    
Preferred stock, $0.01 par value: Authorized shares – 5,000; Issued shares – 0 in 2026 and 2025 0 0
Common stock, $0.01 par value: Authorized shares – 80,000; Issued shares – 20,370 in 2026 and 20,117 in 2025; Outstanding shares – 20,369 in 2026 and 20,116 in 2025 204 201
Common stock held in treasury, at cost – 1 share(s) (362) (362)
Additional paid-in capital 134,529 134,547
Accumulated deficit (130,629) (127,066)
Accumulated other comprehensive loss (43) (43)
Total stockholders’ equity 3,699 7,277
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 7,937 $ 10,387