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

Consolidated Balance Sheets

v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 1,310,000 $ 7,609,000
Accounts receivable 3,766,000 8,287,000
Prepaid expense and other current assets 677,000 862,000
Total current assets 5,753,000 16,758,000
Property and equipment, net 24,000 70,000
Intangible and other Assets, net 4,070,000 6,636,000
Goodwill 1,864,000 1,864,000
Total assets 11,711,000 25,328,000
Current Liabilities    
Accounts payable and accrued expenses 5,282,000 10,420,000
Accrued contingent consideration 138,000 1,812,000
Promissory note - contingent consideration 1,735,000 0
Contract liabilities 50,000 339,000
Secured loan – SLR Facility 24,000 800,000
Promissory notes payable and accrued interest   0
Total current liabilities 10,445,000 13,371,000
Deferred taxes 161,000 0
Accrued contingent consideration – long term 0 396,000
Warrant liability 935,000 1,571,000
Total liabilities 11,541,000 15,338,000
Stockholders’ Equity    
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; 17,499 and 23,656 shares issued and outstanding as of December 31, 2024 and 2023, respectively 0 0
Common stock, par value $0.001 per share; 400,000,000 shares authorized; 16,224,371 and 4,774,116 shares issued and outstanding as of December 31, 2024 and 2023, respectively 94,000 81,000
Additional paid-in capital 270,111,000 258,923,000
Accumulated deficit (270,035,000) (249,014,000)
Total stockholders’ equity 170,000 9,990,000
Total liabilities and stockholders’ equity 11,711,000 25,328,000
Nonrelated Party [Member]    
Current Liabilities    
Promissory notes payable and accrued interest 1,707,000 $ 0
Related Party [Member]    
Current Liabilities    
Promissory notes payable and accrued interest $ 1,509,000