SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2025

SEGMENT REPORTING

Schedule of revenues, expenses and net loss by segment

The following table presents selected financial information about revenues, expenses and net loss for the three months ended March 31, 2025 and 2024 for the Company’s one reportable segment:

	Three Months Ended March 31,
	2025		2024
Revenues:
Hardware	$	3,829	$	5,195
Software		1,952		1,961
Services		978		685
Total revenues		6,759		7,841
Cost of goods sold
Hardware		2,417		3,801
Software		672		1,003
Services		464		335
Total cost of goods sold		3,553		5,139
Gross profit		3,206		2,702
Operating expenses:
Research and development		190		584
Software engineering		283		408
Platform engineering		622		985
Sales		2,019		2,732
General and administrative		3,493		6,609
Marketing and business development		1,848		2,509
International sales		135		264
Total operating expenses		8,590		14,091
Loss from operations		(5,384)		(11,389)
Other (expense) income:
Interest expense		(502)		(729)
Other income (expense), net		56		(82)
Loss on extinguishment of debt		—		(52)
Loss before income taxes		(5,830)		(12,252)
Income tax expense (benefit)		2		(5)
Segment net loss	$	(5,832)	$	(12,247)