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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 19,519 $ 13,380
Accounts receivable, net of allowance for credit losses of $260 and $335 at September 30, 2025 and December 31, 2024, respectively 32,227 38,212
Taxes receivable 1,747 0
Prepaid expenses and other assets 2,827 2,379
Total current assets 56,320 53,971
Property and equipment, net 119 150
Other assets    
Goodwill 70,869 70,869
Patent rights, net 5,013 5,517
Technology assets, net 7,382 8,180
Tradename and customer relationships, net 30,042 31,819
Operating lease right of use assets 481 366
Security deposits and other assets 95 296
Total other assets 113,882 117,047
TOTAL ASSETS 170,321 171,168
Current liabilities    
Current portion of long-term debt 3,300 2,000
Accounts payable 2,037 2,156
Accrued expenses 10,198 8,486
Revenue share payable 2,329 5,053
Taxes payable 0 318
Current portion of lease liabilities 207 168
Deferred revenue 395 473
Total current liabilities 18,466 18,654
Non-current liabilities    
Long-term debt, net 24,801 30,816
Lease liabilities, net of current portion 300 209
Deferred tax liabilities, net 4,491 4,491
Total liabilities 48,058 54,170
Commitments and contingencies (See Note 12)
Stockholders’ equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding at September 30, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value, 166,666,667 shares authorized, 20,333,839 and 20,194,697 shares issued at September 30, 2025 and December 31, 2024, respectively 20 20
Treasury stock, $0.001 par value, 1,741,397 shares held at September 30, 2025 and December 31, 2024 (2) (2)
Additional paid-in-capital 206,501 201,348
Accumulated deficit (84,256) (84,368)
Total stockholders’ equity 122,263 116,998
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 170,321 $ 171,168