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Note 3 - Supplemental Balance Sheet Information

12 Months Ended

Dec. 31, 2024

Supplemental Balance Sheet Disclosures [Text Block]

3. Supplemental Balance Sheet Information

	*December 31,*
Accounts receivable, net, consists of the following:	*2024*			*2023*
(in thousands)
Trade	$	12,059		$	51,567
Unbilled		9,284			6,537
Non-trade		3,834			3,133
Gross accounts receivable		25,177			61,237
Less allowance for credit losses		(411	)		(1,461	)
Accounts Receivable, net	$	24,766		$	59,776

	*December 31,*
Activity in allowance for credit losses	*2024*			*2023*
(in thousands)
Beginning balance in allowance for credit losses	$	1,461		$	1,654
Current provision for expected credit losses		128			261
Allowances associated with businesses sold		(12	)		(281	)
Write-offs charged against the allowance		(1,166	)		(126	)
Recoveries of amounts previously written off		-			(47	)
Ending balance in allowance for credit losses	$	411		$	1,461

	*December 31,*
Property and equipment consist of the following:	*2024*			*2023*
(in thousands)
Equipment	$	4,060		$	5,062
Furniture and fixtures		591			2,330
Leasehold improvements		384			366
Capitalized internal use software costs		18,967			18,336
		24,002			26,094
Less accumulated depreciation and amortization		(21,987	)		(23,223	)
Property and equipment, net	$	2,015		$	2,871

Depreciation expense (including amortization of internal use software and intangible assets as described below) was $ 1.6 million and $ 2.0 million for the years ended December 31, 2024 and 2023, respectively. The Company capitalized $1.0 million and $1.0 million of costs related to internal use software in the years ended December 31, 2024 and 2023. The Company recognized approximately $1.3 million and $1.1 million of amortization expense related to internal use software for the years ended December 31, 2024 and 2023, respectively.

	*Americas*			*Asia-Pacific*		*EMEA*			*Total*
Goodwill
(in thousands)
Balance at January 1, 2023
Aggregate goodwill acquired	$	1,270			-		438			1,708
Change in goodwill due to impact of foreign currency		7			-		-			7
Sale of business		(333	)		-		-			(333	)
Balance at December 31, 2023		944			-		438			1,382
Change in goodwill due to impact of foreign currency		(6	)		-		-			(6	)
Sale of business		(82	)		–		(438	)		(520	)
Balance at December 31, 2024	$	856		$	-	$	-		$	856

Intangible Assets

	*December 31,*
Intangible assets consist of the following:	*2024*			*2023*
(in thousands)
Customer contracts and lists	$	-		$	3,011
Trade names		900			900
Patents		870			870
Gross intangible assets		1,770			4,781
Less accumulated amortization		(929	)		(3,601	)
Intangible assets, net	$	841		$	1,180

The decline in gross intangible assets of $3 million is due to the sale of the remaining international Joint Ventures.

The Company is amortizing its intangible assets over lives ranging from 5 to 25 years. Amortization expense for the years ended December 31, 2024 and 2023 was approximately $0.2 million and $0.4 million, respectively.

The annual amortization for each of the following years succeeding December 31, 2024 is summarized as follows (in thousands):

(in thousands)
Year	Amount
2025	$	133
2026		133
2027		36
2028		36
2029		36
Thereafter		467
Total	$	841

	*December 31,*
Accrued expenses and other current liabilities:	*2024*		*2023*
(in thousands)
Taxes payable	$	137	$	1,598
Accrued salaries and wages		1,644		9,206
Accrued accounting and legal expenses		-		1,018
Accrued third party labor		131		1,477
Other		1,621		1,975
Accrued expenses and other current liabilities	$	3,533	$	15,274