Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Current Period Unaudited)

v3.25.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 21,688 $ 13,533
Marketable securities 20,210 30,407
Inventories, net 2,815 3,272
Other current assets 4,093 3,771
Total current assets 48,806 50,983
Property and equipment, net 176 190
Operating lease right-of-use assets 2,353 2,498
Restricted cash 34 34
Deferred tax asset 385 382
Other assets 1,425 1,272
Total assets 53,179 55,359
Current liabilities:    
Accounts payable 968 895
Income taxes payable 4,915 4,908
Accrued commissions 1,826 2,021
Other accrued expenses 1,180 1,425
Deferred revenue 6,921 6,428
Amounts held in eWallets 3,296 3,286
Operating lease liabilities 1,115 1,127
Other current liabilities 522 709
Total current liabilities 20,743 20,799
Deferred tax liability 173 174
Operating lease liabilities 1,381 1,514
Total liabilities 22,297 22,487
Commitments and contingencies (Note 7)
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.001 par value; 50,000,000 shares authorized; 12,979,414 shares issued at March 31, 2025 and December 31, 2024 13 13
Additional paid-in capital 84,935 84,901
Accumulated deficit (28,525) (26,344)
Accumulated other comprehensive loss (1,144) (1,301)
Treasury stock, at cost; 1,466,339 shares at March 31, 2025 and December 31, 2024 (24,397) (24,397)
Total stockholders’ equity 30,882 32,872
Total liabilities and stockholders’ equity $ 53,179 $ 55,359