Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 22,450 $ 13,699
Accounts and retention receivables, net of allowance for credit losses 4,940 5,356
Contract assets 2,700 2,058
Prepaid and other current assets 1,161 2,409
Note receivable 62 64
Total current assets 31,313 23,586
Property and equipment, net 9,277 8,336
Intangible assets, net 1,105 1,160
Right-of-use assets 1,665 1,775
Other assets 126 126
TOTAL ASSETS 43,486 34,983
Current liabilities:    
Accrued expenses and other current liabilities 1,693 4,776
Lease liabilities - current 638 618
Notes payable - current 253 245
Total current liabilities 6,125 11,076
Notes payable - non-current 617 679
Lease liabilities - non-current 868 984
Total liabilities 7,610 12,739
Commitments and contingencies (Note 10)
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Common stock, value 0 0
Additional paid-in capital 188,501 165,185
Accumulated deficit (152,625) (142,941)
Total stockholders’ equity 35,876 22,244
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 43,486 34,983
Series A Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series B Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series C Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series D Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series E Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Cumulative dividends on Series F preferred stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series F-1 Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series F-2 Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Nonrelated Party    
Current liabilities:    
Accounts payable 2,202 2,675
Related Party    
Current liabilities:    
Accounts payable $ 1,339 $ 2,762