v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 8,950 $ 13,183
Accounts receivable and contract assets, net 30,743 25,464
Prepaid expenses and other current assets 4,816 4,881
Total current assets 44,509 43,528
Property and equipment, net 19,915 20,131
Operating lease right-of-use assets 1,643 1,878
Goodwill 34,213 34,213
Intangible assets, net 31,266 33,182
Other assets 3,230 3,861
Total assets 134,776 136,793
Current liabilities    
Accounts payable 3,348 3,442
Accrued expenses and other current liabilities 7,153 10,216
Line of credit 4,000 4,000
Deferred revenue, short-term 38,479 38,401
Total current liabilities 52,980 56,059
Deferred revenue, long-term 5,051 5,832
Deferred tax liability 1,378 1,361
Operating lease liabilities, net of current portion 846 1,142
Total liabilities 60,255 64,394
Commitments and contingencies (Note 11)
Stockholders' equity    
Common stock: $0.005 par value; 500,000,000 shares authorized; 12,788,631 and 12,634,485 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 64 64
Additional paid-in capital 183,719 177,021
Accumulated deficit (108,902) (104,298)
Accumulated other comprehensive loss (360) (388)
Total stockholders' equity 74,521 72,399
Total liabilities and stockholders' equity $ 134,776 $ 136,793

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