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

Consolidated Statements of Operations

v3.26.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
REVENUES $ 11,342,000 $ 16,182,000
COST OF REVENUES 6,749,000 10,080,000
GROSS PROFIT 4,593,000 6,102,000
OPERATING EXPENSE (INCOME)    
Selling, marketing and advertising 7,535,000 9,822,000
Engineering, technology and development 2,912,000 4,447,000
General and administrative 7,213,000 8,731,000
Contingent consideration (14,000) (144,000)
Total operating expense 17,646,000 22,856,000
NET OPERATING LOSS (13,053,000) (16,754,000)
OTHER INCOME (EXPENSE)    
Gain on sale of intangible assets 343,000 183,000
Interest expense, including change in fair value of promissory notes carried at fair value (8,435,000) (559,000)
Loss on extinguishment of liability - contingent consideration (161,000) (336,000)
Change in fair value of warrant liability 1,183,000 1,115,000
Debt issuance costs (554,000) 0
Other (49,000) (123,000)
Total other income (expense) (7,673,000) 280,000
LOSS BEFORE BENEFIT FROM (PROVISION FOR) INCOME TAXES (20,726,000) (16,474,000)
Benefit from (provision for) income taxes 9,000 (161,000)
NET LOSS $ (20,717,000) $ (16,635,000)
Net loss per share attributable to common stockholders – basic and diluted    
Basic and diluted loss per common share (in dollars per share) [1] $ (40.43) $ (1,123.63)
Weighted-average number of common shares outstanding, basic and diluted (in shares) [2] 492,868 18,708
Superbiz Acquisition [Member]    
OTHER INCOME (EXPENSE)    
Loss on extinguishment of liability - contingent consideration $ (161,000) $ (336,000)
[1] Refer to Note 2 for calculation of net loss attributable to common stockholders
[2] Refer to Note 1 for information regarding Reverse Stock Split effective January 23, 2026.