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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 4,020,000 $ 5,714,000
Accounts receivable (net of allowance for doubtful accounts of $1,156 and $1,119, respectively 4,686,000 4,368,000
Income tax receivable 202,000 232,000
Other current assets 1,331,000 1,190,000
Total current assets 10,239,000 11,504,000
Capitalized software (net of accumulated amortization of $3,524 and $3,424, respectively) 856,000 556,000
Fixed assets (net of accumulated depreciation of $841 and $765, respectively) 435,000 495,000
Right-of-use asset - leases 894,000 1,022,000
Other long-term assets 344,000 158,000
Goodwill 21,927,000 21,927,000
Intangible assets (net of accumulated amortization of $10,926 and $9,562, respectively) 28,126,000 29,490,000
Total assets 62,821,000 65,152,000
Current liabilities:    
Accounts payable 1,077,000 1,308,000
Accrued expenses 1,983,000 1,919,000
Income taxes payable 23,000 11,000
Current portion of long-term debt 4,000,000 4,000,000
Deferred revenue 5,476,000 5,412,000
Total current liabilities 12,559,000 12,650,000
Long-term debt (net of debt discount of $78 and $87, respectively) 13,922,000 15,913,000
Deferred income tax liability 59,000 139,000
Lease liabilities - long-term 840,000 1,009,000
Other long-term liabilities 0 21,000
Total liabilities 27,380,000 29,732,000
Stockholders' equity:    
Preferred stock, $0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively. 0 0
Common stock $0.001 par value, 20,000,000 shares authorized, 3,831,711 and 3,815,212 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively. 4,000 4,000
Additional paid-in capital 23,731,000 23,531,000
Other accumulated comprehensive loss (96,000) (49,000)
Retained earnings 11,802,000 11,934,000
Total stockholders' equity 35,441,000 35,420,000
Total liabilities and stockholders' equity $ 62,821,000 $ 65,152,000