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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 20,032 $ 17,206
Trade accounts receivable, net of allowance for credit losses of $238 as of both March 31, 2025 and December 31, 2024 6,627 7,207
Inventory, net 694 756
Prepaid expenses and other current assets 769 1,258
Total current assets 28,122 26,427
Property and equipment, net of accumulated depreciation of $1,656 and $1,496 as of March 31, 2025 and December 31, 2024, respectively 1,814 1,716
Operating lease assets 122 177
Other assets 962 757
Intangible assets, net of accumulated amortization of $8,546 and $8,535 as of March 31, 2025 and December 31, 2024, respectively 90 101
Goodwill 8,362 8,362
Total assets 39,472 37,540
Current liabilities:    
Accounts payable 1,136 1,111
Accrued and other expenses 2,368 2,358
Less: current portion of lease liabilities 234 229
Deferred revenue—current portion 3,954 3,863
Total current liabilities 7,692 7,561
Long-term lease liabilities 73 133
Deferred revenue, net of current 898 1,137
Deferred tax 4 8
Other 17 17
Total liabilities 8,684 8,856
Commitments and Contingencies (Notes 8 and 11)
Stockholders’ equity:    
Preferred stock, $0.01 par value: authorized 1,000,000 shares; none issued. 0 0
Common stock, $0.01 par value: authorized 60,000,000 shares; issued 27,365,682 and 26,540,030 as of March 31, 2025 and December 31, 2024, respectively; outstanding 27,179,851 and 26,354,199 as of March 31, 2025 and December 31, 2024, respectively. 273 265
Additional paid-in capital 310,062 307,133
Accumulated deficit (278,132) (277,299)
Treasury stock at cost, 185,831 shares as of both March 31, 2025 and December 31, 2024 (1,415) (1,415)
Total stockholders’ equity 30,788 28,684
Total liabilities and stockholders’ equity $ 39,472 $ 37,540