v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 13,395,000 $ 3,117,000
Restricted cash 500,000
Accounts receivable - net 14,117,000 15,062,000
Contract asset 3,426,000 3,664,000
Inventory 471,000 507,000
Current assets - related party 16,000 16,000
Prepaid expenses and other current assets 2,758,000 2,872,000
Total current assets 34,183,000 25,738,000
Property and equipment - net 7,259,000 7,775,000
Operating lease right-of-use assets 4,864,000 3,106,000
Intangible assets - net 14,929,000 18,968,000
Goodwill 31,835,000 31,442,000
Other assets 779,000 569,000
TOTAL ASSETS 93,849,000 87,598,000
Current liabilities:    
Accounts payable 6,071,000 6,937,000
Accrued compensation 3,846,000 4,136,000
Accrued expenses 5,943,000 5,970,000
Operating lease liability (current portion) 1,573,000 927,000
Deferred revenue (current portion) 4,507,000 4,148,000
Term loans and other (current portion) 10,756,000 728,000
Contingent consideration (current portion) 400,000 909,000
Dividend payable 392,000 668,000
Total current liabilities 33,488,000 24,423,000
Term loans and other 29,223,000 441,000
Borrowings under line of credit 9,000,000
Contingent consideration 290,000 232,000
Operating lease liability 3,462,000 2,187,000
Deferred revenue 934,000 809,000
Deferred tax liability 50,000
Total liabilities 76,447,000 28,092,000
COMMITMENTS AND CONTINGENCIES (NOTE 9)  
SHAREHOLDERS’ EQUITY:    
Preferred stock, $0.001 par value - authorized 7,000,000 shares. Series A, issued and outstanding 984,530 shares at June 30, 2026 and December 31, 2025. Series B, issued and outstanding 0 and 1,511,372 shares at June 30, 2026 and December 31, 2025, respectively. 1,000 2,000
Common stock, $0.001 par value - authorized 85,000,000 shares. Issued 43,234,658 and 43,178,748 shares at June 30, 2026 and December 31, 2025, respectively. Outstanding 42,493,859 and 42,437,949 shares at June 30, 2026 and December 31, 2025, respectively. 43,000 43,000
Additional paid-in capital 75,735,000 119,936,000
Accumulated deficit (53,788,000) (55,832,000)
Accumulated other comprehensive loss (3,927,000) (3,981,000)
Less: 740,799 common shares held in treasury, at cost at June 30, 2026 and December 31, 2025 (662,000) (662,000)
Total shareholders’ equity 17,402,000 59,506,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 93,849,000 $ 87,598,000