Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Current Period Unaudited)

v3.25.3
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 14,336 $ 13,533
Marketable securities 17,672 30,407
Inventories, net 2,154 3,272
Other current assets 3,726 3,771
Total current assets 37,888 50,983
Property and equipment, net 170 190
Operating lease right-of-use assets 2,031 2,498
Restricted cash 35 34
Deferred tax asset 246 382
Other assets 1,881 1,272
Total assets 42,251 55,359
Current liabilities:    
Accounts payable 1,011 895
Income taxes payable 7 4,908
Accrued commissions 1,751 2,021
Other accrued expenses 1,484 1,425
Deferred revenue 6,011 6,428
Amounts held in eWallets 2,977 3,286
Operating lease liabilities 991 1,127
Other current liabilities 523 709
Total current liabilities 14,755 20,799
Deferred tax liability 173 174
Operating lease liabilities 1,175 1,514
Total liabilities 16,103 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 September 30, 2025 and December 31, 2024 13 13
Additional paid-in capital 85,004 84,901
Accumulated deficit (33,547) (26,344)
Accumulated other comprehensive loss (925) (1,301)
Treasury stock, at cost; 1,466,339 shares at September 30, 2025 and December 31, 2024 (24,397) (24,397)
Total stockholders’ equity 26,148 32,872
Total liabilities and stockholders’ equity $ 42,251 $ 55,359