Company: AWRE
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0000950170-25-038714
Chunk: 50

Company: AWARE INC /MA/
Filing Date: 2025-03-13
Form: 10-K
Item: Item 5
Chunk 50
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    Selling and marketing

    7,678

    7,955

    General and administrative

    6,367

    6,549

    Loss on write-off of note receivable

    —

    2,695

    Fair value adjustment to contingent acquisition payment

    —

    (812
    )

    Total costs and expenses

    22,934

    26,784

    Operating loss

    (5,545
    )

    (8,540
    )

    Interest and other income

    1,167

    1,285

    Loss before provision for income taxes

    (4,378
    )

    (7,255
    )

    Provision for income taxes

    53

    59

    Net loss
     
    $
    (4,431
    )
     
    $
    (7,314
    )

    Other comprehensive (loss) income

    Unrealized gain  on available for sale securities

    56

    305

    Comprehensive loss
     
    $
    (4,375
    )
     
    $
    (7,009
    )

    Net loss per share – basic
     
    $
    (0.21
    )
     
    $
    (0.35
    )

    Net loss per share – diluted
     
    $
    (0.21
    )
     
    $
    (0.35
    )

    Weighted-average shares – basic

    21,139

    21,013

    Weighted-average shares  – diluted

    21,139

    21,013

The accompanying notes are an integral part of the consolidated financial statements.

29

AWARE, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

    Year ended December 31,

    2024

    2023

    Cash flows from operating activities:

    Net loss
     
    $
    (4,431
    )
     
    $
    (7,314
    )

    Adjustments to reconcile net loss to net cash   (used in) provided by operating activities:

    Depreciation and amortization

    562

    578

    Stock-based compensation

    1,132

    1,525

    Interest receivable

    -

    (93
    )

    Non-cash lease expense