v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 15,797 $ 13,183
Accounts receivable and contract assets, net 28,570 25,464
Prepaid expenses and other current assets 4,225 4,881
Total current assets 48,592 43,528
Property and equipment, net 18,816 20,131
Operating lease right-of-use assets 1,904 1,878
Goodwill 34,213 34,213
Intangible assets, net 29,335 33,182
Other assets 2,894 3,861
Total assets 135,754 136,793
Current liabilities    
Accounts payable 3,789 3,442
Accrued expenses and other current liabilities 9,578 10,216
Line of credit 4,000 4,000
Deferred revenue, short-term 40,035 38,401
Total current liabilities 57,402 56,059
Deferred revenue, long-term 3,845 5,832
Deferred tax liability 1,359 1,361
Operating lease liabilities, net of current portion 976 1,142
Total liabilities 63,582 64,394
Commitments and contingencies (Note 16)
Stockholders' equity    
Preferred stock: $0.005 par value; 20,000,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and 2024, respectively
Common stock: $0.005 par value; 500,000,000 shares authorized; 12,825,960 and 12,634,485 shares issued and outstanding as of December 31, 2025 and 2024, respectively 64 64
Additional paid-in capital 186,115 177,021
Accumulated deficit (113,718) (104,298)
Accumulated other comprehensive loss (289) (388)
Total stockholders' equity 72,172 72,399
Total liabilities and stockholders' equity $ 135,754 $ 136,793

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