Company: AWRE
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000950170-25-101395
Chunk: 25

Company: AWARE INC /MA/
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 25
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1.6 million for the three months ended June 30, 2025.  As a percentage of total revenue, general and administrative expense was 33% in the second quarter of 2024 and 41% in the corresponding period of 2025.  General and administrative expense increased 17% from $2.8 million for the six months ended June 30, 2024 to $3.2 million for the six months ended June 30, 2025.  As a percentage of total revenue, general and administrative expense was 32% in the six months ended June 30, 2024 and 43% in the corresponding period of 2025.The expense increase for the three months ended June 30, 2025 compared to the same prior year period was primarily due to the impact of increase in stock compensation expense of $0.1 million and increase in profession services and recruiting fees of $0.1 million,The expense increase for the six months ended June 30, 2025 compared to the same prior year period was primarily due to the impact of a $0.1 million signing bonus paid to Mr. Amlani in connection with his appointment as our chief executive officer, an increase in professional services of $0.1 million related to strategic advisor hired as part of our chief executive officer transition, an increase in stock compensation expense of $0.1 million and an increase in compensation expense of $0.1 million.  Fluctuations in general and administrative expenses are expected depending on specific activities in a period.   Interest Income.  Interest income was $0.2 million and $0.3 million in the three months ended June 30, 2025 and 2024, respectively.  Interest income was $0.5 million and $0.6 million in the six months ended June 30, 2025 and 2024, respectively.  The decrease in interest income in each of the three and six months ended June 30, 2025 was primarily the result of lower average cash balances during the current year periods.We expect interest income to decrease slightly over the remainder of 2025 due to a lower projected average cash balance.Income taxes. Total income tax expense was $26 thousand and $39 thousand for the three months ended June 30, 2025 and 2024, respectively.  Total income tax expense was $34 thousand and $39 thousand for the six months ended June 30, 2025 and 202