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Note 15 - Segment Information
 9 Months Ended
Sep. 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 September 30,

    

Nine Months Ended September 30,

  
   

2025

    

2024

    

2025

    

2024

  
                                 

Revenues

   $ 20,591     $ 21,970     $ 62,815     $ 69,579  

Less:

                                

Cost of revenues (1)

     8,552       9,235       26,998       28,736  

Sales and marketing expenses (1)

     4,491       5,354       13,777       16,364  

General and administrative expenses (1)

     4,072       4,246       12,920       14,197  

Research and development expenses (1)

     2,052       2,443       6,374       7,733  

Amortization of acquired intangibles

     855       1,334       3,177       3,998  

Interest expense

     966       856       2,559       2,356  

Loss on pension settlement

     -       1,243       -       1,243  

Income tax expense (benefit)

     97       311       (329 )     168  

Goodwill impairment

     -       -       47,951       -  

Other segment expenses (2)

     737       1,750       3,241       7,207  

Net loss

   $ (1,231 )   $ (4,802 )   $ (53,853 )   $ (12,423 )

 

(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.