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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 1,506 $ 139
Accounts receivable, net 708 364
Prepaid expenses and other assets 414 635
Total current assets 2,628 1,138
Property and Equipment:    
Equipment 1,864 2,069
Capitalized software development 3,418 2,791
Leasehold improvements 15 15
Property and equipment 5,297 4,875
Accumulated depreciation and amortization (2,330) (1,955)
Property and equipment, net 2,967 2,920
Finance leases, right-of-use assets, net 87 382
Operating leases, right-of-use assets, net 1,502 1,637
Other assets 293 171
Total noncurrent assets 4,849 5,110
TOTAL ASSETS 7,477 6,248
Current Liabilities:    
Accounts payable, trade 1,399 2,215
Accrued expenses 239 222
Finance lease liabilities, current portion 122 384
Operating lease liabilities, current portion 260 178
Notes payable 511 10,823
Deferred revenue 578 439
Total current liabilities 3,109 14,261
Noncurrent Liabilities:    
Finance lease liabilities, noncurrent portion 0 3
Operating lease liabilities, noncurrent portion 1,420 1,539
Total noncurrent liabilities 1,420 1,542
Commitments and Contingencies – (See Note 5)
Stockholders’ Equity (Deficit):    
Series A preferred stock $0.01 par value: Authorized shares – 20; issued; and outstanding shares – 9 in 2024 and 0 in 2023 8,956 0
Common stock $0.01 par value: Authorized shares – 80,000; issued shares – 5,441 in 2024 and 1,848 in 2023; outstanding shares – 5,440 in 2024 and 1,847 in 2023 54 18
Common stock held in treasury, at cost – 1 share (362) (362)
Additional paid-in capital 108,343 101,049
Accumulated deficit (114,000) (110,217)
Accumulated other comprehensive loss (43) (43)
Total stockholders’ equity (deficit) 2,948 (9,555)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 7,477 $ 6,248