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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 21,672,000 $ 52,771,000
Short-term investments 92,817,000 76,356,000
Accounts receivable, net 23,861,000 23,117,000
Prepaid expenses and other current assets 4,566,000 4,692,000
Total current assets 142,916,000 156,936,000
Property and equipment, net 7,665,000 7,878,000
Operating lease right-of-use assets 7,270,000 8,388,000
Other intangible assets, net 296,000 400,000
Goodwill 5,898,000 5,898,000
Other assets 827,000 820,000
Total assets 164,872,000 180,320,000
Current liabilities:    
Accounts payable 3,122,000 3,994,000
Accrued expenses 6,187,000 5,947,000
Accrued salary and benefits 5,809,000 9,127,000
Deferred revenue 3,493,000 4,296,000
Operating leases 2,514,000 2,288,000
Finance leases 43,000 42,000
Total current liabilities 21,168,000 25,694,000
Operating leases, non-current 5,566,000 6,855,000
Finance leases, non-current 94,000 116,000
Other liabilities 149,000 141,000
Total liabilities 26,977,000 32,806,000
Commitments and contingencies (Note 8)
Stockholders’ equity    
Preferred stock $0.005 par value, 100,000 shares authorized and no shares issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Common stock $0.005 par value, 1,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 61,690 and 60,329 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 309,000 302,000
Additional paid-in capital 457,229,000 444,601,000
Accumulated other comprehensive income (8,000) 41,000
Accumulated deficit (319,635,000) (297,430,000)
Total stockholders’ equity 137,895,000 147,514,000
Total liabilities and stockholders’ equity $ 164,872,000 $ 180,320,000