XML 35 R23.htm IDEA: XBRL DOCUMENT v3.25.1
Note 15 - Segment Information
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

15.

Segment Information

 

The Company conducts business as a single operating segment, which is based upon the Company’s organizational and management structure, as well as information used by the chief operating decision maker (“CODM”) to allocate resources and other factors. The key measure of segment profitability that the CODM uses to allocate resources and assess performance is consolidated net income (loss), as reported on the consolidated statements of operations. The CODM utilizes consolidated net loss by comparing actual results against budgeted amounts on a quarterly basis. The following table presents the significant revenue and expense categories of the Company’s single operating segment:

 

   

Three Months Ended March 31,

  
   

2025

    

2024

  
                 

Revenues

   $ 21,774     $ 24,512  

Less:

                

Cost of revenues (1)

     9,560       9,688  

Sales and marketing expenses (1)

     4,853       5,774  

General and administrative expenses (1)

     4,826       5,192  

Research and development expenses (1)

     2,228       2,790  

Amortization of acquired intangibles

     1,160       1,333  

Interest expense

     802       751  

Income tax (benefit) expense

     (454 )     210  

Goodwill impairment

     47,951       -  

Other segment expenses (2)

     1,188       3,469  

Net loss

   $ (50,340 )   $ (4,694 )

 

(1)

Excludes stock-based compensation expense

(2)

Includes stock-based compensation, other operating expenses, loss on equity securities and other expenses

 

Asset information provided to the CODM is consistent with that reported on the consolidated balance sheets with particular emphasis on the Company’s available liquidity, including its cash, accounts receivable, and inventory, reduced by current liabilities. Information relating to the Company’s products and services and geographical distribution of revenues is disclosed in Note 3.