XML 15 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 8,376 $ 1,633
Accounts receivable, net 5,865 8,263
Work-in-process and inventories, net 2,306 2,267
Prepaid expenses and other current assets 960 1,819
Total current assets 17,507 13,982
Property and equipment, net 513 201
Operating lease right-of-use assets 1,198 1,584
Intangibles, net 23,975 23,752
Goodwill 26,453 26,453
Other assets 43 43
TOTAL ASSETS 69,689 66,015
CURRENT LIABILITIES    
Accounts payable 3,340 3,757
Accrued expenses 4,499 3,828
Deferred revenues 3,507 1,223
Customer deposits 3,532 2,478
Current maturities of operating leases 575 711
Total current liabilities 19,664 16,496
Long-term Secured Promissory Note 0 208
Long-term obligations under operating leases 623 873
Contingent acquisition consideration, at fair value 11,250 9,789
Other liabilities 175 205
TOTAL LIABILITIES 42,286 40,436
SHAREHOLDERS’ EQUITY    
Common stock, $0.01 par value, 66,666 shares authorized; 10,409 and 7,266 shares issued and outstanding, respectively 104 72
Additional paid-in capital 82,064 75,916
Accumulated deficit (54,765) (50,409)
TOTAL SHAREHOLDERS' EQUITY 27,403 25,579
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 69,689 66,015
Seller Note [Member]    
CURRENT LIABILITIES    
Short-term portion of Secured Promissory Note 521 1,248
Consolidated Term Loan [Member] | Related Party [Member]    
CURRENT LIABILITIES    
Short-term related party Loan 3,690 1,251
Long-term debt 1,537 4,349
Term Loan 2022 [Member] | Related Party [Member]    
CURRENT LIABILITIES    
Short-term related party Loan 0 2,000
Acquisition Term Loan [Member] | Related Party [Member]    
CURRENT LIABILITIES    
Long-term debt $ 9,037 $ 8,516