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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 1,051 $ 139
Accounts receivable, net 924 364
Prepaid expenses and other assets 500 635
Total current assets 2,475 1,138
Property and Equipment:    
Equipment 1,886 2,069
Capitalized software development 3,688 2,791
Leasehold improvements 18 15
Property and equipment 5,592 4,875
Accumulated depreciation and amortization (2,515) (1,955)
Property and equipment, net 3,077 2,920
Finance leases, right-of-use assets, net 154 382
Operating leases, right-of-use assets, net 1,434 1,637
Other assets 274 171
Total noncurrent assets 4,939 5,110
TOTAL ASSETS 7,414 6,248
Current Liabilities:    
Accounts payable, trade 1,142 2,215
Accrued expenses 402 222
Finance lease liabilities, current portion 261 384
Operating lease liabilities, current portion 232 178
Notes payable 1,118 10,823
Deferred revenue 298 439
Total current liabilities 3,453 14,261
Noncurrent Liabilities:    
Finance lease liabilities, noncurrent portion 0 3
Operating lease liabilities, noncurrent portion 1,394 1,539
Total noncurrent liabilities 1,394 1,542
Commitments and Contingencies – (See Note 5)
Stockholders’ Equity (Deficit):    
Series A preferred stock $0.01 par value: Authorized shares – 20; Issued and outstanding shares – 9 in 2024 and 0 in 2023 8,946 0
Common stock $0.01 par value: Authorized shares – 80,000; Issued shares – 7,516 in 2024 and 1,848 in 2023; Outstanding shares – 7,515 in 2024 and 1,847 in 2023 75 18
Common stock held in treasury, at cost – 1 share (362) (362)
Additional paid-in capital 110,001 101,049
Accumulated deficit (116,050) (110,217)
Accumulated other comprehensive loss (43) (43)
Total stockholders’ equity (deficit) 2,567 (9,555)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 7,414 $ 6,248