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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 4,689 $ 4,851
Short-term investments 3,749 0
Accounts receivable, net 103 169
Contract asset 1,214 8
Prepaid expenses and other assets 733 506
Total current assets 10,488 5,534
Property and equipment:    
Equipment 2,864 2,690
Capitalized software development 4,653 3,948
Leasehold improvements 18 18
Property and equipment, gross 7,535 6,656
Accumulated depreciation and amortization (3,543) (2,809)
Property and equipment, net 3,992 3,847
Finance leases, right-of-use assets, net 279 491
Operating leases, right-of-use assets, net 1,310 1,356
Other assets 287 281
Total noncurrent assets 5,868 5,975
TOTAL ASSETS 16,356 11,509
Current Liabilities:    
Accounts payable, trade 711 1,508
Accrued expenses 265 291
Finance lease liabilities, current portion 207 405
Operating lease liabilities, current portion 89 209
Notes payable 0 529
Deferred revenue 1,975 730
Total current liabilities 3,247 3,672
Noncurrent Liabilities:    
Finance lease liabilities, noncurrent portion 109 172
Operating lease liabilities, noncurrent portion 1,367 1,414
Total noncurrent liabilities 1,476 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 – 19,901 in 2025 and 15,591 in 2024; Outstanding shares – 19,900 in 2025 and 15,590 in 2024 199 156
Common stock held in treasury, at cost – 1 share (362) (362)
Additional paid-in capital 133,986 122,552
Stock subscription receivable 0 (1,872)
Accumulated deficit (122,147) (118,007)
Accumulated other comprehensive loss (43) (43)
Total stockholders’ equity 11,633 6,251
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 16,356 $ 11,509