Note 4 - Accrued Expenses and Other Current Liabilities

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

Note 4 - Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):

	September 30,		December 31,
	2025		2024
Compensation costs	$	174	$	560
Customer deposits		105		77
Professional fees		83		86
Taxes and regulatory fees		328		201
Accrued rent		170		170
Accrued dividends on Series F Preferred Stock		19		29
Other accrued expenses and liabilities		4		8
Accrued expenses and other liabilities	$	883	$	1,131

As of September 30, 2025, and December 31, 2024, our Managed Services segment had accrued expenses and other current liabilities of $10,000 and $18,000, respectively. These expenses consisted primarily of accrued payroll, taxes, and regulatory fees. The decrease was primarily related to lower accrued compensation expense due to the timing of payroll for the period.

As of September 30, 2025, and December 31, 2024, accrued expenses and other current liabilities for our Collaboration Products segment were $277,000 and $252,000, respectively. These amounts primarily consist of rent expenses and customer deposits. The increase is related to higher customer deposits. 

Unallocated accrued expenses were $596,000 and $861,000 as of September 30, 2025, and December 31, 2024, respectively. Unallocated accrued expenses consisted primarily of compensation expenses, professional service expenses, accrued dividends, and corporate franchise taxes. The decrease was primarily related to a reduction of accrued compensation expense, offset slightly by increased accruals for corporate franchise tax.