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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 122 $ 139
Accounts receivable, net 256 364
Prepaid expenses and other assets 385 635
Total current assets 763 1,138
Property and Equipment:    
Equipment 1,972 2,069
Capitalized software development 3,131 2,791
Leasehold improvements 15 15
Property and equipment 5,118 4,875
Accumulated depreciation and amortization (2,105) (1,955)
Property and equipment, net 3,013 2,920
Finance leases, right-of-use assets, net 216 382
Operating leases, right-of-use assets, net 1,569 1,637
Other assets 171 171
Total noncurrent assets 4,969 5,110
TOTAL ASSETS 5,732 6,248
Current Liabilities:    
Accounts payable, trade 1,893 2,215
Accrued expenses 356 222
Finance leases liabilities, current portion 284 384
Operating leases liabilities, current portion 247 178
Notes payable 1,724 10,823
Deferred revenue 915 439
Total current liabilities 5,419 14,261
Noncurrent Liabilities:    
Finance leases liabilities, noncurrent portion 2 3
Operating leases liability, noncurrent portion 1,480 1,539
Total noncurrent liabilities 1,482 1,542
Commitments and Contingencies – (See Note 5)
Stockholders’ Deficit:    
Series A preferred stock $0.01 par value: Authorized shares – 20 issued and outstanding shares – 9 in 2024 and 0 in 2023 9,275 0
Common stock $0.01 par value: Authorized shares – 80,000; issued shares – 1,958 in 2024 and 1,791 in 2023; outstanding shares – 1,957 in 2024 and 1,790 in 2023 19 18
Common stock held in treasury, at cost – 1 share (362) (362)
Additional paid-in capital 101,875 101,049
Accumulated deficit (111,933) (110,217)
Accumulated other comprehensive loss (43) (43)
Total stockholders’ deficit (1,169) (9,555)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 5,732 $ 6,248