v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 22,841 $ 31,378
Trade receivables, net of allowance of $120 and $124, respectively 6,000 4,913
Contract assets, net of allowance of $2 and $0, respectively 106 0
Inventories 995 454
Equipment financing receivables, net of allowance of $79 and $50, respectively 2,861 1,416
Contract costs 4,214 2,318
Prepaid expenses 1,778 892
Income tax receivable 207 234
Other current assets 356 292
Total current assets 39,358 41,897
Contract assets, net of current portion, net of allowance of $137 and $145, respectively 859 402
Long-term equipment financing receivables, net of allowance of $154 and $107, respectively 5,434 3,223
Property and equipment, net 326 195
Operating lease right-of-use assets 634 1,006
Intangible assets, net 36,468 17,860
Goodwill 14,170 9,454
Contract costs, net of current portion 6,107 3,319
Other long-term assets 471 330
Total Assets 103,827 77,686
Current liabilities:    
Accounts payable 1,543 649
Accrued expenses 11,593 8,391
Finance leases 0 2
Notes payable 454 114
Operating lease liabilities 521 493
Income tax payable 0 151
Contract liabilities 3,972 2,528
Total current liabilities 18,083 12,328
Contract liabilities, net of current portion 1,255 1,008
Notes payable, net of current portion 4,294 0
Operating lease liabilities, net of current portion 135 529
Total liabilities 23,767 13,865
Stockholders' equity:    
Preferred stock, par value $0.001 per share - authorized 5,000,000 shares; none issued 0 0
Common stock, par value $0.001 per share - authorized 50,000,000 shares, 33,368,003 shares issued and outstanding as of September 30, 2026 and 31,004,327 shares issued and outstanding as of December 31, 2025 33 31
Additional paid-in capital 158,829 145,325
Accumulated deficit (78,972) (81,719)
Accumulated other comprehensive income 170 184
Total stockholders' equity 80,060 63,821
Total Liabilities and Stockholders' Equity $ 103,827 $ 77,686