v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 2,962,000 $ 3,025,000
Accounts receivable (net of allowance for credit losses of $1,452 and $1,336, respectively) 3,450,000 3,884,000
Income tax receivable 33,000 0
Other current assets 1,172,000 1,513,000
Total current assets 7,617,000 8,422,000
Capitalized software (net of accumulated amortization of $4,061 and $3,923, respectively) 899,000 828,000
Fixed assets (net of accumulated depreciation of $723 and $669, respectively) 103,000 136,000
Right-of-use asset – leases 243,000 324,000
Other long-term assets 37,000 73,000
Goodwill 19,043,000 19,043,000
Intangible assets (net of accumulated amortization of $10,765 and $9,525, respectively) 8,235,000 9,475,000
Deferred tax asset 3,865,000 3,691,000
Total assets 40,042,000 41,992,000
Current liabilities:    
Accounts payable 1,566,000 1,501,000
Accrued expenses 1,725,000 1,769,000
Income tax payable 65,000 133,000
Current portion of Notes payable 870,000 870,000
Deferred revenue 5,072,000 5,265,000
Total current liabilities 9,298,000 9,538,000
Long-term debt (net of debt discount of $43 and $52, respectively) 1,260,000 1,686,000
Deferred tax liability 92,000 86,000
Interest rate swap liability 1,000 20,000
Lease liabilities – long-term 137,000 317,000
Total liabilities 10,788,000 11,647,000
Stockholders’ equity:    
Preferred stock, $0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively. 0 0
Common stock $0.001 par value, 20,000,000 shares authorized, 3,854,504 and 3,850,435 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 4,000 4,000
Additional paid-in capital 25,085,000 25,005,000
Other accumulated comprehensive loss (174,000) (96,000)
Retained earnings 4,339,000 5,432,000
Total stockholders’ equity 29,254,000 30,345,000
Total liabilities and stockholders’ equity $ 40,042,000 $ 41,992,000