XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Sales        
Total sales $ 10,547 $ 14,442 $ 33,311 $ 39,842
Cost of sales        
Total cost of sales 5,770 7,853 19,064 20,701
Gross profit 4,777 6,589 14,247 19,141
Operating expenses:        
Sales and marketing expenses 1,372 1,525 3,775 4,655
General and administrative expenses 4,963 3,928 14,083 12,834
Impairment of Intangible Assets, Finite-Lived 5,712 0 5,712 0
Total operating expenses 12,047 5,453 23,570 17,489
Operating (loss) income (7,270) 1,136 (9,323) 1,652
Other expenses (income):        
Interest expense 530 303 1,364 1,479
Gain on settlement of contingent consideration 0 0 (4,775) 0
Loss (gain) on change in fair value of contingent consideration 0 598 0 (414)
Loss on debt extinguishment 0 0 0 1,059
Other expense (income) 144 (11) 408 (28)
Total other expenses (income) 674 890 (3,003) 2,096
Net (loss) income before income taxes (7,944) 246 (6,320) (444)
Benefit (provision) for income taxes 82 (192) 9 (226)
Net (loss) income $ (7,862) $ 54 $ (6,311) $ (670)
Basic (loss) earning per common share (in dollars per share) $ (0.75) $ 0.01 $ (0.6) $ (0.06)
Diluted (loss) earning per common share (in dollars per share) $ (0.75) $ 0.01 $ (0.6) $ (0.06)
Weighted average shares outstanding - basic (in shares) 10,519 10,447 10,487 10,438
Weighted average shares outstanding - diluted (in shares) 10,519 10,634 10,487 10,438
Hardware [Member]        
Sales        
Total sales $ 4,168 $ 5,241 $ 14,635 $ 14,409
Cost of sales        
Total cost of sales 2,917 3,979 10,519 10,682
Service and Other [Member]        
Sales        
Total sales 6,379 9,201 18,676 25,433
Cost of sales        
Total cost of sales $ 2,853 $ 3,874 $ 8,545 $ 10,019