v3.26.1
Note 13 - Segment Information
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

13.

Segment Information

 

The Company conducts business as a single operating segment, which is based upon the Company’s organizational and management structure, as well as information used by the chief operating decision maker (“CODM”) to allocate resources and other factors. The key measure of segment profitability that the CODM uses to allocate resources and assess performance is consolidated net income (loss), as reported on the consolidated statements of operations. The CODM utilizes consolidated net loss by comparing actual results against budgeted amounts on a quarterly basis. The following table presents the significant revenue and expense categories of the Company’s single operating segment:

 

   

Three Months Ended June 30,

    

Six Months Ended June 30,

 
   

2026

    

2025

    

2026

    

2025

  
                                 

Revenues

   $ 22,727     $ 20,450     $ 43,482     $ 42,224  

Less:

                                

Cost of revenues (1)

     10,082       8,886       18,587       18,446  

Sales and marketing expenses (1)

     5,334       4,433       10,615       9,286  

General and administrative expenses (1)

     4,375       4,022       8,922       8,848  

Research and development expenses (1)

     2,396       2,094       4,680       4,322  

Amortization of acquired intangibles

     820       1,162       1,640       2,322  

Interest expense

     1,793       1,001       3,521       1,934  

Income tax expense (benefit)

     14       28       131       (426 )

Goodwill impairment

     -       -       -       47,951  

Other segment expenses (2)

     823       1,106       1,720       2,163  

Net loss

   $ (2,910 )   $ (2,282 )   $ (6,334 )   $ (52,622 )

 

 

(1)

Excludes stock-based compensation expense
 

(2)

Includes stock-based compensation, other operating expenses and other expenses

 

Asset information provided to the CODM is consistent with that reported on the consolidated balance sheets with particular emphasis on the Company’s available liquidity, including its cash, accounts receivable, and inventory, reduced by current liabilities. Information relating to the Company’s products and services and geographical distribution of revenues is disclosed in Note 3.