v3.26.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS:    
Cash and cash equivalents $ 6,877 $ 12,935
Accounts receivable, net of allowance for credit losses of $146 and $163, respectively 39,399 46,735
Prepaid expenses and other current assets 6,350 7,799
Total current assets 52,626 67,469
Non-current restricted cash 710 710
Property and equipment, net 150 104
Operating lease right-of-use assets 2,487 2,859
Intangible assets, net 16,720 17,276
Other non-current assets 2,440 715
Total assets 75,133 89,133
LIABILITIES AND SHAREHOLDERS' EQUITY:    
Accounts payable 8,229 7,200
Accrued expenses and other current liabilities 23,471 25,163
Deferred revenue 120 721
Short-term debt, net 26,759 30,846
Current portion of operating lease liability 1,104 1,104
Total current liabilities 59,683 65,034
Convertible Notes, at fair value with related parties 5,155 3,734
Operating lease liability, net 1,578 1,985
Other non-current liabilities 613 168
Total liabilities 67,029 70,921
Contingencies (Note 10)
Shareholders' equity:    
Preferred stock — $0.0001 par value, 10,000,000 Shares authorized; Shares outstanding — 0 shares for both periods 0 0
Common stock — $0.0005 par value, 200,000,000 Shares authorized; Shares issued — 32,362,277 and 30,404,779, respectively; and Shares outstanding — 31,593,682 and 29,636,184, respectively 55 53
Treasury stock, at cost — 768,595 and 768,595 Shares, respectively (11,407) (11,407)
Additional paid-in capital 468,949 467,528
Accumulated deficit (449,493) (437,962)
Total shareholders' equity 8,104 18,212
Total liabilities and shareholders' equity $ 75,133 $ 89,133