v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 19,379,000 $ 27,434,000
Accounts receivable, net of allowance for credit losses of $124 and $118, respectively 465,000 439,000
Contract assets 527,000 275,000
Other current assets 573,000 672,000
Total current assets 20,944,000 28,820,000
Property, plant and equipment, net 194,000 128,000
Intangible assets, net 33,000 73,000
Finance lease right-of-use assets 9,000 11,000
Operating lease right-of-use assets 209,000 269,000
Goodwill 182,000 182,000
Other non-current assets 79,000 140,000
Total assets 21,650,000 29,623,000
Current liabilities:    
Accounts payable 1,216,000 1,113,000
Accrued payroll 290,000 774,000
Contract liabilities 0 150,000
Finance lease liabilities, current 3,000 3,000
Operating lease liabilities, current 132,000 125,000
Other current liabilities 252,000 101,000
Total current liabilities 1,893,000 2,266,000
Finance lease liabilities, net of current portion 7,000 9,000
Operating lease liabilities, net of current portion 84,000 152,000
Total liabilities 1,984,000 2,427,000
Commitments and Contingencies (Note 16)
Stockholders’ Equity    
Common stock, par value $0.0001 per share, 300,000,000 shares authorized, 57,647,613 and 57,542,113 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 6,000 6,000
Additional paid-in capital 60,345,000 59,456,000
Accumulated deficit (40,955,000) (32,503,000)
Accumulated other comprehensive income 270,000 237,000
Total stockholders’ equity 19,666,000 27,196,000
Total liabilities and stockholders’ equity $ 21,650,000 $ 29,623,000