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COMMITMENTS AND CONTINGENCIES
3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

NOTE 7—COMMITMENTS AND CONTINGENCIES

 

The Company has $66,000 in operating lease obligations payable through 2025 and $406,000 in other contractual obligations, which includes contractual services and software license agreements. The contractual services include $234,000 payable through March 31, 2026 and $157,000 payable through March 31, 2027. The software license agreements of $15,000 are all payable through March 31, 2026. The Company also has $1,457,000 in open purchase order commitments payable through March 31, 2026 of which $885,000 (61%) is to one electronics vendor.