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Note 13 - Restructuring
3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Restructuring and Related Activities Disclosure [Text Block]

Note 13  Restructuring

 

On March 20, 2023, the Company committed to a restructuring plan intended to support its long-term strategic goals and reduce operating expenses by further aligning its cost structure to focus on areas the Company believes are more likely to generate the best long-term results, in light of current industry and macroeconomic environments (the “RIF”). The Company reduced its workforce by approximately 28%, decreasing its headcount by approximately 23 employees, predominantly from the Company’s detection business unit. Xoft, Inc., a wholly-owned subsidiary of the Company at that time, furloughed 12 of its employees, or approximately 50% of its workforce. As discussed in Note 2, the Company completed the sale of its Xoft business line on October 23, 2023.   

 

The Company incurred total charges of $0.2 million related to the RIF during the year ended December 31, 2023, of which $0.1 million were recorded during the three months ended March 31, 2023.  All of the incurred charges were one-time, cash expenses and were recorded primarily in Cost of revenue and Marketing and sales in the Company's Condensed Consolidated Statements of Operations.  No further charges or payments related to the RIF will occur.