v3.25.3

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 9,101	$ 12,365
Marketable securities	3,461	16,365
Trade accounts receivable, net	6,321	6,412
Other current assets	2,873	4,189
Total current assets	21,756	39,331
Property and equipment, net	1,227	1,040
Intangibles, net	18,765	22,191
Goodwill	9,060	8,532
Lease right of use assets	3,350	3,659
Other assets	1,277	1,013
Total assets	55,435	75,766
Liabilities, Current [Abstract]
Accounts payable and other accrued liabilities	5,595	5,118
Deferred revenue	3,842	4,020
Total current liabilities	9,437	9,138
Long-term lease liabilities	4,549	5,213
Other long-term liabilities	62	56
Total liabilities	14,048	14,407
Commitments and contingencies (Note 17)
Shareholders’ equity:
Preferred stock (par value $0.001 per share, 2,500 authorized, 10 shares issued and outstanding at September 30, 2025 and December 31, 2024)	50	50
Common stock (par value $0.001 per share, 50,000 authorized, 21,751 and 21,495 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively)	22	21
Additional paid-in capital	421,592	415,049
Accumulated deficit	(378,880)	(350,778)
Accumulated other comprehensive loss	(1,397)	(2,983)
Total shareholders’ equity	41,387	61,359
Total liabilities and shareholders’ equity	$ 55,435	$ 75,766

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Digimarc CORP 10-Q