v3.26.1
Note 15 - Segment Information
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

15. Segment Information

 

Our operations constitute a single reportable segment, focused on licensing our innovative, fundamental wireless technologies, often through patent infringement actions.  All revenues, operating expenses, and assets attributable to this segment are reflected in the unaudited condensed consolidated financial statements.  Our Chief Executive Officer and Chief Financial Officer, collectively, are considered to be the chief operating decision maker ("CODM").  The CODM uses consolidated net income (loss), along with consideration of certain significant cash and noncash expense categories, to assess performance by comparing to and monitoring against budget and prior year results.  This information is used to manage resources and invest in key strategic priorities.

 

Segment information for the three and six months ended June 30, 2026 and 2025 is as follows (in thousands):

 

  

Three Months Ended June 30,

  

Six Months Ended June 30,

 
  

2026

  

2025

  

2026

  

2025

 

Licensing gross margin

 $(35) $(51) $(71) $(106)

Interest income

  23   24   52   57 
                 

Cash expenses:

                

Personnel related expenses

  433   417   865   829 

Litigation & legal expenses

  67   167   109   334 

Third-party consulting expenses

  37   248   112   395 

Patent maintenance expenses

  13   4   19   23 
                 

Non-cash expenses:

                

Share-based compensation

  720   2,651   885   2,773 

In-kind interest expense

  48   65   105   135 

Loss on debt extinguishment

  -   -   131   - 

Change in fair value of contingent payment obligations

  (1,723)  (2,304)  (1,326)  157 
                 

Other segment items 1

  245   359   486   738 
                 

Net income (loss)

 $148  $(1,634) $(1,405) $(5,433)

 

1 Other segment items primarily include costs incurred for insurance, shareholder and public relations, audit and other professional fees, outsourced information technology services, and employee travel.

 

Our segment assets represent our total assets as presented on the unaudited condensed consolidated balance sheets at  June 30, 2026 and December 31, 2025.