Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 14,390,000 $ 1,310,000
Accounts receivable 2,453,000 3,766,000
Prepaid expense and other current assets 1,369,000 677,000
Total current assets 18,212,000 5,753,000
Property and equipment, net 8,000 24,000
Intangible and other assets, net 1,785,000 4,070,000
Goodwill 1,864,000 1,864,000
Total assets 21,869,000 11,711,000
Current Liabilities    
Accounts payable and accrued expense 3,614,000 5,282,000
Accrued contingent consideration 0 138,000
Promissory note - contingent consideration 0 1,735,000
Contract liabilities 566,000 50,000
Secured loan – SLR Facility 0 24,000
Total current liabilities 4,180,000 10,445,000
Deferred taxes 147,000 161,000
Warrant liability 8,000 935,000
Total liabilities 4,335,000 11,541,000
Stockholders' Equity    
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; 98,636 and 17,499 shares issued and outstanding as of December 31, 2025 and 2024, respectively 0 0
Common stock, par value $0.001 per share; 750,000,000 shares authorized; 13,558,805 and 405,610 shares issued and outstanding as of December 31, 2025 and 2024, respectively 94,000 94,000
Additional paid-in capital 307,402,000 270,111,000
Accumulated deficit (289,962,000) (270,035,000)
Total stockholders’ equity 17,534,000 170,000
Total liabilities and stockholders’ equity 21,869,000 11,711,000
Nonrelated Party [Member]    
Current Liabilities    
Promissory notes payable and accrued interest 0 1,707,000
Related Party [Member]    
Current Liabilities    
Promissory notes payable and accrued interest $ 0 $ 1,509,000