v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 182 $ 3,624
Accounts receivable, net of allowance of $0.1 million 1,452 131
Prepaid expenses and other assets 682 476
Total current assets 2,316 4,231
Property and equipment:    
Equipment 2,983 2,917
Capitalized software development 6,252 5,663
Leasehold improvements 18 18
Property and equipment, gross 9,253 8,598
Accumulated depreciation and amortization (5,070) (4,313)
Property and equipment, net 4,183 4,285
Goodwill 4,299 0
Finance leases, right-of-use assets (“ROU”), net 163 222
Operating leases, ROU, net 1,247 1,392
Other assets 263 257
Total noncurrent assets 10,155 6,156
TOTAL ASSETS 12,471 10,387
Current Liabilities:    
Accounts payable, trade 2,277 492
Accrued expenses 522 357
Finance lease liabilities, current portion 99 167
Operating leases liabilities, current portion 79 266
Notes payable, current portion 2,236 0
Deferred revenue 794 503
Total current liabilities 6,007 1,785
Noncurrent Liabilities:    
Finance lease liabilities, noncurrent portion 5 6
Operating lease liabilities, noncurrent portion 1,340 1,319
Notes payable, noncurrent portion 1,034 0
Total noncurrent liabilities 2,379 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 – 22,758 in 2026 and 20,117 in 2025; Outstanding shares – 22,757 in 2026 and 20,116 in 2025 228 201
Common stock held in treasury, at cost – 1 share(s) (362) (362)
Additional paid-in capital 136,187 134,547
Accumulated deficit (133,219) (127,066)
Noncontrolling interest 1,294 0
Accumulated other comprehensive loss (43) (43)
Total stockholders’ equity 4,085 7,277
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 12,471 $ 10,387