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Note 15 - Segment Information
 6 Months Ended
Jun. 30, 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 June 30,

    

Six Months Ended June 30,

  
   

2025

    

2024

    

2025

    

2024

  
                                 

Revenues

   $ 20,450     $ 23,097     $ 42,224     $ 47,609  

Less:

                                

Cost of revenues (1)

     8,886       9,813       18,446       19,501  

Sales and marketing expenses (1)

     4,433       5,236       9,286       11,010  

General and administrative expenses (1)

     4,022       4,759       8,848       9,951  

Research and development expenses (1)

     2,094       2,500       4,322       5,290  

Amortization of acquired intangibles

     1,162       1,331       2,322       2,664  

Interest expense

     791       749       1,593       1,500  

Income tax expense (benefit)

     28       (353 )     (426 )     (143 )

Goodwill impairment

     -       -       47,951       -  

Other segment expenses (2)

     1,316       1,989       2,504       5,457  

Net loss

   $ (2,282 )   $ (2,927 )   $ (52,622 )   $ (7,621 )

 

(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.