Company: AWRE
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000950170-25-101395
Chunk: 2

Company: AWARE INC /MA/
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 2
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AWARE, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except share data)

(unaudited)

     June 30,2025

     December 31,2024

     ASSETS

     Current assets:

     Cash and cash equivalents
      
     $
     7,300

     $
     12,972

     Marketable securities

     16,379

     14,842

     Accounts receivable, net

     2,493

     2,922

     Unbilled receivables, net

     1,340

     1,080

     Prepaid expenses and other current assets

     1,326

     1,169

     Total current assets

     28,838

     32,985

     Property and equipment, net

     441

     477

     Intangible assets, net

     1,770

     1,976

     Goodwill

     3,120

     3,120

     Right of use asset

     3,806

     3,964

     Other long-term assets

     122

     122

     Total assets
      
     $
     38,097

     $
     42,644

     LIABILITIES AND STOCKHOLDERS’ EQUITY

     Current liabilities:

     Accounts payable
      
     $
     506

     $
     894

     Accrued expenses

     1,205

     1,447

     Current portion of operating lease liabilities

     666

     656

     Deferred revenue

     3,911

     4,867

     Total current liabilities

     6,288

     7,864

     Long-term deferred revenue

     313

     296

     Long-term operating lease liabilities

     3,446

     3,588

     Total long-term liabilities

     3,759

     3,884

     Stockholders’ equity:

     Preferred stock, $1.00 par value; 1,000,000 shares authorized,   none outstanding

     —

     —

     Common stock, $.01 par value; 70,000,000 shares authorized; issued and outstanding of 21,173,002 as of June 30, 2025 and 21,096,580 as of