Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities:
Net loss	$ (3,573,000)	$ (3,560,000)
Less: loss from discontinued operations, net of taxes (Note 10)	(73,000)	(102,000)
Loss from continuing operations, net of taxes	(3,500,000)	(3,458,000)
Adjustments to reconcile loss from continuing operations to cash used in operating activities :
Depreciation and amortization	436,000	431,000
Amortization of debt issuance costs	20,000	12,000
Deferred tax benefit		(956,000)
Provision for (recovery of) credit losses on accounts receivable	20,000	(11,000)
Issuance of common stock for services	117,000	118,000
Stock-based compensation	196,000	152,000
Gain on disposal of property and equipment	(5,000)
Changes in operating assets and liabilities of continuing operations:
Accounts receivable	2,248,000	1,032,000
Unbilled receivables	(178,000)	(365,000)
Prepaid expenses, inventories and other assets	(30,000)	408,000
Accounts payable, accrued expenses and unearned revenue	(1,372,000)	(1,721,000)
Cash used in continuing operations	(2,048,000)	(4,358,000)
Cash used in discontinued operations	(56,000)	(159,000)
Cash used in operating activities	(2,104,000)	(4,517,000)
Cash flows from investing activities:
Purchases of property and equipment (net of financed amount)	(523,000)	(244,000)
Proceeds from sale of property and equipment	5,000
Addition to permits and other intangible assets	(53,000)	(74,000)
Cash used in investing activities of continuing operations	(571,000)	(318,000)
Cash used in investing activities of discontinued operations	(15,000)
Cash used in investing activities	(586,000)	(318,000)
Cash flows from financing activities:
Repayments of revolving credit borrowings	(18,849,000)	(18,314,000)
Borrowing on revolving credit	18,849,000	18,314,000
Proceeds from issuance of Common Stock upon exercise of options/warrant	41,000	209,000
Principal repayments of finance lease liabilities	(71,000)	(75,000)
Principal repayments of long term debt	(157,000)	(259,000)
Payments of offering costs from sale of Common Stock completed in December 2024	(194,000)
Payment of debt issuance costs	(15,000)
Cash used in financing activities	(396,000)	(125,000)
Effect of exchange rate changes on cash		(18,000)
Decrease in cash and finite risk sinking fund (restricted cash)	(3,086,000)	(4,978,000)
Cash and finite risk sinking fund (restricted cash) at beginning of period	41,655,000	19,574,000
Cash and finite risk sinking fund (restricted cash) at end of period	38,569,000	14,596,000
Supplemental disclosure:
Interest paid	112,000	117,000
Income taxes paid
Non-cash investing and financing activities:
Equipment purchase subject to finance lease	132,000
Equipment purchase subject to finance		$ 44,000