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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 10,744 $ 4,851
Accounts receivable, net 130 169
Prepaid expenses and other assets 1,202 514
Total current assets 12,076 5,534
Property and equipment:    
Equipment 2,769 2,690
Capitalized software development 4,319 3,948
Leasehold improvements 18 18
Property and equipment, gross 7,106 6,656
Accumulated depreciation and amortization (3,175) (2,809)
Property and equipment, net 3,931 3,847
Finance leases, right-of-use assets, net 319 491
Operating leases, right-of-use assets, net 1,377 1,356
Other assets 279 281
Total noncurrent assets 5,906 5,975
TOTAL ASSETS 17,982 11,509
Current Liabilities:    
Accounts payable, trade 1,275 1,508
Accrued expenses 402 291
Finance leases liabilities, current portion 313 405
Operating leases liabilities, current portion 137 209
Notes payable 0 529
Deferred revenue 918 730
Total current liabilities 3,045 3,672
Noncurrent Liabilities:    
Finance lease liabilities, noncurrent portion 145 172
Operating lease liabilities, noncurrent portion 1,391 1,414
Total noncurrent liabilities 1,536 1,586
Commitments and Contingencies – (See Note 5)
Stockholders’ Equity:    
Preferred stock, $0.01 par value:  Authorized shares – 5,000; Issued shares – 0 in 2025 and 4 in 2024 0 3,827
Common stock, $0.01 par value:  Authorized shares – 80,000; Issued shares – 19,896 in 2025 and 15,591 in 2024; Outstanding shares – 19,895 in 2025 and 15,590 in 2024 199 156
Common stock held in treasury, at cost – 1 share (362) (362)
Additional paid-in capital 133,712 122,552
Stock subscription receivable (1,872)
Accumulated deficit (120,105) (118,007)
Accumulated other comprehensive loss (43) (43)
Total stockholders’ equity 13,401 6,251
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 17,982 $ 11,509