v3.26.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenue $ 54,322 $ 66,082
Cost of revenue 43,416 49,074
Gross profit 10,906 17,008
Operating expenses:    
Selling, general and administrative 6,043 6,179
Salaries, wages and payroll taxes 10,707 13,303
Goodwill, Impairment Loss 0 13,653
Professional fees 2,264 4,401
Depreciation and amortization 540 788
Intangible asset amortization 102 1,709
Loss on settlement of litigation 250 0
Total operating expenses 19,906 40,033
Loss before other (income) expense (9,000) (23,025)
Other (income) expense:    
Loss (gain) on sale or disposal of property and equipment 213 (94)
Interest expense 64 81
Interest earned (358) (731)
Contingent loss on settlement of litigation 1,750 0
Asset Impairment Charges 0 111
Other income 0 (2)
Foreign currency exchange rate variance (206) 65
Total other expense (income) 1,463 (570)
Loss before income taxes (10,463) (22,455)
Income taxes 0 (71)
Net loss (10,463) (22,526)
Deemed dividend (1,249) 0
Net loss attributable to non-controlling interest 0 9,100
Net loss attributable to common stockholders (11,712) (13,426)
Comprehensive loss:    
Net loss (10,463) (22,526)
Foreign currency loss (52) (3)
Comprehensive loss (10,515) (22,529)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (11,712) $ (13,426)
Weighted number of common shares outstanding – basic and diluted (in shares) 26,535 20,614
Basic and diluted loss per share (in dollars per share) $ (0.44) $ (0.65)
Product [Member]    
Revenue $ 49,665 $ 55,540
Cost of revenue 43,374 49,033
Service [Member]    
Revenue 4,657 10,542
Cost of revenue $ 42 $ 41

Source

10-K XBRL Zip