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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 2,527,000 $ 4,851,000
Short-term investments 2,000,000 0
Accounts receivable, net 2,378,000 169,000
Prepaid expenses and other assets 666,000 514,000
Total current assets 7,571,000 5,534,000
Property and equipment:    
Equipment 2,899,000 2,690,000
Capitalized software development 5,344,000 3,948,000
Leasehold improvements 18,000 18,000
Property and equipment, gross 8,261,000 6,656,000
Accumulated depreciation and amortization (3,937,000) (2,809,000)
Property and equipment, net 4,324,000 3,847,000
Finance leases, right-of-use assets, net 249,000 491,000
Operating leases, right-of-use assets, net 1,243,000 1,356,000
Other assets 285,000 281,000
Total noncurrent assets 6,101,000 5,975,000
TOTAL ASSETS 13,672,000 11,509,000
Current Liabilities:    
Accounts payable, trade 541,000 1,508,000
Accrued expenses 550,000 291,000
Finance lease liabilities, current portion 113,000 405,000
Operating lease liabilities, current portion 54,000 209,000
Notes payable 0 529,000
Deferred revenue 1,177,000 730,000
Total current liabilities 2,435,000 3,672,000
Noncurrent Liabilities:    
Finance lease liabilities, noncurrent portion 85,000 172,000
Operating lease liabilities, noncurrent portion 1,343,000 1,414,000
Total noncurrent liabilities 1,428,000 1,586,000
Commitments and Contingencies – (See Note 5)
Stockholders’ Equity:    
Preferred stock, $0.01 par value: Authorized shares – 5,000; Issued shares – 0 in 2025 and 4 in 2024 0 3,827,000
Common stock, $0.01 par value: Authorized shares – 80,000; Issued shares – 20,103 in 2025 and 15,591 in 2024; Outstanding shares – 20,102 in 2025 and 15,590 in 2024 201,000 156,000
Common stock held in treasury, at cost – 1 share (362,000) (362,000)
Additional paid-in capital 134,254,000 122,552,000
Stock subscription receivable 0 (1,872,000)
Accumulated deficit (124,241,000) (118,007,000)
Accumulated other comprehensive loss (43,000) (43,000)
Total stockholders’ equity 9,809,000 6,251,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 13,672,000 $ 11,509,000