v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 13,183 $ 5,703
Accounts receivable and contract assets, net 25,464 30,700
Prepaid expenses and other current assets 4,881 3,902
Total current assets 43,528 40,305
Property and equipment, net 20,131 21,028
Operating lease right-of-use assets 1,878 2,315
Goodwill 34,213 34,213
Intangible assets, net 33,182 36,938
Other assets 3,861 3,909
Total assets 136,793 138,708
Current liabilities    
Accounts payable 3,442 3,031
Line of credit 4,000 7,000
Deferred revenue, short-term 38,401 41,265
Accrued expenses and other current liabilities 10,216 8,521
Total current liabilities 56,059 59,817
Deferred revenue, long-term 5,832 812
Deferred tax liability 1,361 1,226
Other liabilities 1,142 2,096
Total liabilities 64,394 63,951
Commitments and contingencies (Note 18)
Stockholders' equity    
Preferred stock: $0.005 par value; 20,000,000 shares authorized; no shares issued and outstanding as of December 31, 2024 and 2023, respectively
Common stock: $0.005 par value; 500,000,000 shares authorized; 12,634,485 and 12,761,448 shares issued and outstanding as of December 31, 2024 and 2023, respectively 64 64
Additional paid-in capital 177,021 170,139
Accumulated deficit (104,298) (95,118)
Accumulated other comprehensive loss (388) (328)
Total stockholders' equity 72,399 74,757
Total liabilities and stockholders' equity $ 136,793 $ 138,708

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