Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.25.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 475,000 $ 1,310,000
Accounts receivable, net 2,337,000 3,766,000
Prepaid expense and other current assets 922,000 677,000
Total current assets 3,734,000 5,753,000
Property and equipment, net 14,000 24,000
Intangible assets, net 2,849,000 4,070,000
Goodwill 1,864,000 1,864,000
Total assets 8,461,000 11,711,000
Current Liabilities    
Accounts payable and accrued expenses 5,461,000 5,282,000
Accrued contingent consideration 116,000 138,000
Promissory note - contingent consideration 1,700,000 1,735,000
Contract liabilities 1,036,000 50,000
Secured loan – SLR Facility 0 24,000
Total current liabilities 12,343,000 10,445,000
Deferred taxes 161,000 161,000
Warrant liability 74,000 935,000
Total liabilities 12,578,000 11,541,000
Commitments and Contingencies  
Stockholders’ (Deficit) Equity    
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; 16,426 and 17,499 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 0 0
Common stock, par value $0.001 per share; 400,000,000 shares authorized; 884,699 and 405,610 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 78,000 94,000
Additional paid-in capital 272,954,000 270,111,000
Accumulated deficit (277,149,000) (270,035,000)
Total stockholders’ (deficit) equity (4,117,000) 170,000
Total liabilities and stockholders’ (deficit) equity 8,461,000 11,711,000
Nonrelated Party [Member]    
Current Liabilities    
Promissory notes payable and accrued interest 2,557,000 1,707,000
Related Party [Member]    
Current Liabilities    
Promissory notes payable and accrued interest $ 1,473,000 $ 1,509,000