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Note 8 - Accrued Expenses and Long-term Liabilities

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

8.	ACCRUED EXPENSES AND LONG-TERM LIABILITIES

The major components of accrued expenses and long-term liabilities are summarized as follows (in thousands):

	*September 30,*			*December 31,*
	*2025*			*2024*

Accrued Expenses:
Accrued vacation	$	314		$	271
Accrued salaries and bonus		1,259			1,498
Vendor accruals		77			75
Accrued warranty		6			6
Other accrued expense		221			612
Total accrued expenses	$	1,877		$	2,462

Other Long-Term Liabilities:
Long-term deferred tax liability	$	1,926		$	1,290
Acquired long-term liabilities		3,403			3,380
Deferred revenue		759			800
Operating lease liabilities		765			971
Note payable		148			199
Other long-term liabilities		-			216
Total long-term liabilities	$	7,001		$	6,856

Acquired long-term liability of $3.4 million consists of a restructuring debt settlement from the acquisition of Amiga. Approximately $0.4 million is current and included in other accrued expenses and the remainder is categorized in long-term liability. The debt restructuring was entered into in 2021 for a nine-year term with five years and three months remaining at September 30, 2025. Payments are interest free, not secured, and due quarterly as a percentage of the remaining balance due. $3 thousand consists of current liabilities related to the acquisition of Telcom and included in other accrued expenses.