Note 2 - Supplemental Balance-sheet Information

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Supplemental Balance Sheet Disclosures [Text Block]

Note 2 - Supplemental Balance-sheet Information

Receivables

Contract and other receivables consisted of the following (in ‘000’s):

	December 31, 2023			December 31, 2022
Contract and other receivables	$	3,534		$	2,752
Allowance for doubtful accounts		(7	)		(7	)
	$	3,527		$	2,745

Contract assets, consisting of accounts receivable, were $ 1,846,000 at December 31, 2021.

Inventories

We state inventories at the lower of cost or net realizable value, using the first-in-first-out-method (in ‘000’s) as follows: 

	December 31, 2023			December 31, 2022
Materials and component parts	$	258		$	406
Reseller inventories		2,106			460
Reserve		(21	)		(4	)
Inventories, net	$	2,343		$	862

Goodwill and Intangible Assets

Goodwill and Intangible Assets consisted of the following (in ‘000’s):    

	December 31, 2023					December 31, 2022
	Gross					Gross
	Carrying		Accumulated			Carrying		Accumulated
	Amount		Amortization			Amount		Amortization
Intangible assets not subject to amortization:
Goodwill	$	780		-		$	780		-
Intangible assets subject to amortization:
Customer relationships	$	906	$	(906	)	$	906	$	(870	)
Acquired software	$	234	$	(234	)	$	234	$	(234	)

Goodwill attributable to reporting units (in ‘000’s):  

	December 31, 2023		December 31, 2022
Facilities unit	$	643	$	643
Systems Integration unit		137		137
Total	$	780	$	780

At December 31, 2023, the date of our last annual test, both the facilities unit and the systems integration unit had negative carrying amounts on our records.

We recognized amortization expense related to intangibles of approximately $35,000 and $91,000 for the years ended December 31, 2023, and 2022, respectively.

Property and equipment

Property and equipment consisted of the following (in ’000’s):

	Estimated Useful			December 31,
	Lives			2023			2022
	(years)
Trade equipment		5		$	398		$	322
Leasehold improvements	2	–	5		1,050			964
Furniture and fixtures		7			28			36
Computer equipment and software		3			2,335			2,233
					3,811			3,555
Less accumulated depreciation					(3,183	)		(2,968	)
Property and equipment, net				$	628		$	587

Depreciation of property and equipment and amortization of leasehold improvements and software totaled $0.2 and $0.4 million for the years ended December 31, 2023 and 2022, respectively.

Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consisted of the following (in ’000’s):   

	December 31,
	2023		2022
Accounts payable	$	12,414	$	19,959
Accrued expenses		746		494
Compensation, benefits and related taxes		1,087		1,102
Other accrued expenses		115		61
Total accounts payable and accrued expenses	$	14,362	$	21,616