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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 11,939 $ 8,510
Short-term investments 12,942 10,184
Accounts receivable, less current expected credit loss of $108 and $106, respectively 5,355 9,368
Inventories, net 373 397
Prepaid expenses and other current assets 1,335 1,160
Total current assets 31,944 29,619
Property and equipment, net 4,739 5,084
Goodwill 2,116 2,116
Other intangible assets, net 646 327
Right-of-use operating lease assets 536 585
Long-term investments 6,991 10,875
Other assets 207 191
Total assets 47,179 48,797
Current liabilities:    
Accounts payable 3,242 2,915
Accrued liabilities:    
Operating lease liabilities - current 89 77
Employee compensation 1,308 1,248
Other accrued liabilities 1,634 1,615
Total current liabilities 6,273 5,855
Operating lease liabilities - non-current 491 548
Deferred income taxes 187 176
Other liabilities 296 263
Total liabilities 7,247 6,842
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock, $.01 par value, 40,000,000 shares authorized, 32,281,179 and 31,767,329 shares issued, and 31,074,438 and 30,708,273 shares outstanding in 2025 and 2024, respectively 322 317
Additional paid-in capital 165,616 165,295
Accumulated deficit (121,796) (119,472)
Accumulated other comprehensive loss (1,718) (1,915)
Nil coupon perpetual loan notes 76 76
Treasury stock, at cost (Note 5) (2,568) (2,346)
Total stockholders’ equity 39,932 41,955
Total liabilities and stockholders’ equity $ 47,179 $ 48,797