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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 2,840 $ 2,883
Accounts receivable, net of allowance of $806 and $620, respectively 8,194 3,006
Unbilled receivables 410 369
Work-in-process and inventories, net 2,638 1,880
Prepaid expenses and other current assets 3,111 1,634
Total current assets 17,193 9,772
Operating lease right-of-use assets 1,846 654
Property and equipment, net 140 75
Intangibles, net 23,227 4,850
Goodwill 26,094 7,525
Other assets 17 5
TOTAL ASSETS 68,517 22,881
CURRENT LIABILITIES    
Short-term seller note payable 2,089
Accounts payable 5,047 2,517
Accrued expenses 2,672 2,110
Deferred revenues 2,863 426
Customer deposits 3,177 1,525
Current maturities of operating leases 696 281
Total current liabilities 16,544 6,859
Long-term Related Party Acquisition Term Loan, net of $1,836 and $0 discount, respectively 8,164
Long-term Related Party Consolidation Term Loan, net of $1,960 and $143 discount, respectively 5,225 4,624
Long-term related party convertible loans payable, at fair value 2,251
Contingent acquisition consideration, at fair value 10,936
Long-term obligations under operating leases 1,169 373
Other liabilities 42 45
TOTAL LIABILITIES 42,080 14,152
SHAREHOLDERS’ EQUITY    
Common stock, $0.01 par value, 200,000 shares authorized; 21,744 and 12,009 shares issued and outstanding, respectively 217 120
Additional paid-in capital 74,741 60,863
Accumulated deficit (48,521) (52,254)
Total shareholders’ equity 26,437 8,729
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 68,517 $ 22,881