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NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
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Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of concentration risk |
Schedule of concentration risk |  |  |  |  |  |  |  |
|  | March 31, |
|  | 2025 |  |  | 2024 |
Assets - Serbia |  | $ | 19,363 |  |  | $ | 24,009 |
Assets - U.S. |  |  | 27,392 |  |  |  | 51,644 |
Total Assets |  | $ | 46,755 |  |  | $ | 75,653 |
Liabilities - Serbia |  | $ | 11,365 |  |  | $ | 9,173 |
Liabilities - U.S. |  |  | 8,718 |  |  |  | 19,581 |
Total Liabilities |  | $ | 20,083 |  |  | $ | 28,754 |
|  | March 31, |
|  | 2025 |  |  | 2024 |
Sales - Serbia |  | $ | 1,526 |  |  | $ | 1,429 |
Sales - U.S. |  |  | 4,798 |  |  |  | 13,132 |
Total Revenues |  | $ | 6,324 |  |  | $ | 14,561 |
Net Loss - Serbia |  | $ | (6,691 | ) |  | $ | (372 | )
Net Loss - U.S. |  |  | (8,832 | ) |  |  | (2,665 | )
Total Net Loss* |  | $ | (15,523 | ) |  | $ | (3,037 | )
* | Total Net Loss for the three months ending March 31, 2025 was $15.5 million compared to $3.0 million in 2024. The 2025 net loss increase mainly included $10.8 million of non-cash impairment for Goodwill and $0.4 million in allowances for credit losses.
Schedule of accounts receivable |
Schedule of accounts receivable |  |  |  |  |  |  |  |
|  | March 31, |  |  | December 31, |
(Dollars in thousands) |  | 2025 |  |  | 2024 |
Allowance for credit losses: |  |  |  |  |  |  |  |
Beginning of period |  | $ | 259 |  |  | $ | 448 |
Net provision for credit losses |  |  | 239 |  |  |  | (72 | )
(Charge-offs)/recoveries, net |  |  | – |  |  |  | (117 | )
End of Period |  | $ | 498 |  |  | $ | 259 |
Schedule of contingent consideration |
Schedule of contingent consideration |  |  |  |  |  |  |  |  |  |  |  |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Contingent Consideration as of December 31, 2024 |  |  | – |  |  |  | – |  |  | $ | 309 |
Additions |  |  |  |  |  |  |  |  |  |  | – |
Change in fair value |  |  |  |  |  |  |  |  |  |  | – |
Contingent Consideration as of March 31, 2025 |  |  | – |  |  |  | – |  |  | $ | 309 |
Schedule of anti-dilutive |
Schedule of anti-dilutive |  |  |  |  |  |  |  |
|  | March 31, |
|  | 2025 |  |  | 2024 |
Stock Options |  |  | 650,904 |  |  |  | 592,658 |
Warrants |  |  | 200,000 |  |  |  | 570,718 |
Total Shares |  |  | 850,904 |  |  |  | 1,163,376 |

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- Definition Tabular disclosure of all significant concentrations of risk, including credit risk and market risk, arising from all financial instruments (as defined), whether from an individual counterparty or groups of counterparties. The disclosure concerning concentrations of risk may consist of the following information: (1) for concentrations of credit risk disclosure may include: (a) information about the (shared) activity, region, or economic characteristic that identifies the concentration, (b) the maximum amount of loss due to credit risk that, based on the gross fair value of the financial instrument, the entity would incur if parties to the financial instruments that make up the concentration failed completely to perform according to the terms of the contracts and the collateral or other security, if any, for the amount due proved to be of no value to the entity, (c) the policy of requiring collateral or other security to support financial instruments subject to credit risk, information about the entity's access to that collateral or other security, and the nature and a brief description of the collateral or other security supporting those financial instruments, and (d) the policy of entering into master netting arrangements to mitigate the credit risk of financial instruments, information about the arrangements for which the entity is a party, and a brief description of the terms of those arrangements, including the extent to which they would reduce the entity's maximum amount of loss due to credit risk and (2) for disclosure of quantitative information about the market risks of financial instruments that is consistent with the way the company manages or adjusts those risks, disclosure may include: (a) more details about current positions and perhaps activity during the period, (b) the hypothetical effects on comprehensive income (or net assets), or annual income, of several possible changes in market prices, (c) a gap analysis of interest rate re-pricing or maturity dates, (d) the duration of the financial instruments, (e) the entity's value at risk from derivatives and from other positions at the end of the reporting period and the average value at risk during the year, or (f) other ways of reporting quantitative information as internally developed. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-21 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 23 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-23 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-20 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-22 + Details
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- Definition Tabular disclosure of liabilities measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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