Annual report [Section 13 and 15(d), not S-K Item 405]

Summary of Significant Accounting Policies (Tables)

v3.25.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Changes in Deferred Commissions Changes in deferred commissions for the years ended December 31, 2024 and 2023 are as follows:

 

 

2024

 

 

2023

 

Balance, beginning of the year

 

$

96

 

 

$

136

 

Deferral of commissions earned

 

 

105

 

 

 

22

 

Recognition of commission expense

 

 

(55

)

 

 

(62

)

Balance, end of the year

 

$

146

 

 

$

96

 

Schedule of Concentration Risk The following table sets forth our concentration of accounts receivable, net of specific allowances for doubtful accounts.

 

 

December 31,

 

 

2024

 

 

2023

 

Customer A

 

 

8

%

 

 

16

%

Customer B

 

 

23

%

 

 

0

%

Customer C

 

 

23

%

 

 

0

%

Customer D

 

 

13

%

 

 

0

%

Customer E

 

 

0

%

 

 

43

%

Customer F

 

 

0

%

 

 

12

%

Schedule of Accounts Receivable

 

December 31,

 

 

2024

 

 

2023

 

Accounts receivable

 

$

442

 

 

$

636

 

Less: allowances for credit losses

 

 

(166

)

 

 

(86

)

Accounts receivable, net

 

$

276

 

 

$

550

 

Schedule of Changes in Allowance for Credit Losses

Changes in the allowance for credit losses are as follows:
 

 

December 31,

 

 

2024

 

 

2023

 

Balance, beginning of year

 

$

86

 

 

$

10

 

Provision for credit losses, net of recoveries

 

 

148

 

 

 

86

 

Write offs

 

 

(68

)

 

 

(10

)

Balance, end of year

 

$

166

 

 

$

86

 

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share The following table sets forth common stock equivalents that have been excluded from the computation of dilutive weighted average shares outstanding as their inclusion would have been anti-dilutive:

 

 

December 31,

 

 

2024

 

 

2023

 

Options

 

 

3,690

 

 

 

17,125

 

Restricted stock units

 

 

38,420

 

 

 

96,808

 

Total

 

 

42,110

 

 

 

113,933