v3.26.3
Note 15 - Segment Information
 9 Months Ended
Sep. 30, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

15. Segment Information

 

Our operations constitute a single reportable segment, focused on licensing our innovative, fundamental wireless technologies, often through patent infringement actions.  All revenues, operating expenses, and assets attributable to this segment are reflected in the unaudited condensed consolidated financial statements.  Our Chief Executive Officer and Chief Financial Officer, collectively, are considered to be the chief operating decision maker ("CODM").  The CODM uses consolidated net income (loss), along with consideration of certain significant cash and noncash expense categories, to assess performance by comparing to and monitoring against budget and prior year results.  This information is used to manage resources and invest in key strategic priorities.

 

Segment information for the three and nine months ended September 30, 2026 and 2025 is as follows (in thousands):

 

  

Three Months Ended September 30,

  

Nine Months Ended September 30,

 
  

2026

  

2025

  

2026

  

2025

 

Licensing gross margin

 $(33) $(50) $(104) $(156)

Interest income

  15   11   67   68 
                 

Cash expenses:

                

Personnel related expenses

  450   427   1,315   1,256 

Litigation & legal expenses

  98   23   207   357 

Third-party consulting expenses

  87   282   199   677 

Patent maintenance expenses

  13   21   32   44 
                 

Non-cash expenses:

                

Share-based compensation

  170   386   1,055   3,159 

In-kind interest expense

  46   64   151   199 

Loss on debt extinguishment

  -   -   131   - 

Change in fair value of contingent payment obligations

  (2,055)  357   (3,381)  514 
                 

Other segment items 1

  270   367   756   1,105 
                 

Net income (loss)

 $903  $(1,966) $(502) $(7,399)

 

1 Other segment items primarily include costs incurred for insurance, shareholder and public relations, audit and other professional fees, outsourced information technology services, and employee travel.

 

Our segment assets represent our total assets as presented on the unaudited condensed consolidated balance sheets at  September 30, 2026 and December 31, 2025.