One Stop Systems Reports Q1 2026 Results
Rhea-AI Summary
One Stop Systems (Nasdaq: OSS) reported Q1 2026 continuing operations revenue of $8.1M, up 55.0% year‑over‑year, and gross margin of 51.6% (up 610 bps). Net loss from continuing operations narrowed to $0.4M; non‑GAAP net income was $0.3M. Net cash from continuing operations was $4.0M. The company closed the sale of Bressner on December 30, 2025; those results are classified as discontinued operations. For full‑year 2026 OSS expects revenue growth of 20–25%, gross margin ~40%, and positive EBITDA.
Positive
- Revenue +55.0% YoY to $8.1M
- Gross margin improved 610 bps to 51.6%
- Net cash provided by operations of $4.0M
- Non‑GAAP net income of $0.3M; adjusted EBITDA $0.2M
- Q1 bookings near $15M; book‑to‑bill 1.8x
- Cash and short‑term investments of $34.4M
Negative
- Reported net loss from continuing operations of $0.4M
- Loss from discontinued operations of $0.2M due to post‑sale adjustments
- Full‑year guidance subject to supply chain risks for components like memory
News Market Reaction – OSS
On the day this news was published, OSS gained 56.91%, reflecting a significant positive market reaction. Argus tracked a peak move of +65.9% during that session. Our momentum scanner triggered 110 alerts that day, indicating very high trading interest and price volatility. This price movement added approximately $152M to the company's valuation, bringing the market cap to $419.06M at that time. Trading volume was exceptionally heavy at 9.3x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peer moves were mixed: QMCO up 8.82%, DDD up 11.59%, ALOT up 2.40%, while UAVS fell 0.93% and YIBO was flat. With only one peer in the momentum scanner and no clear, uniform direction, OSS trading appears more company-specific than sector-driven.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 18 | Q4 2025 earnings | Positive | +5.1% | Strong Q4 revenue, record gross margin, positive guidance after Bressner sale. |
| Nov 05 | Q3 2025 earnings | Positive | +22.0% | Robust OSS and Bressner growth, higher guidance, and EBITDA profitability. |
| Aug 07 | Q2 2025 earnings | Positive | +0.6% | Improving margins and strong OSS segment despite overall net loss. |
| May 07 | Q1 2025 earnings | Negative | -7.0% | Revenue decline and wider loss, even as full-year guidance reiterated. |
| Mar 19 | Q4 2024 earnings | Negative | -20.9% | Margin compression and significant net loss despite revenue growth outlook. |
Earnings releases have tended to produce price moves that align with the underlying tone: positive quarters and raised guidance have seen gains, while weaker or mixed results have coincided with selloffs. Across the last five earnings reports, the average next-day move was close to flat, but individual reactions have been sizable in both directions.
Over the last five earnings-related events through Mar 18, 2026, One Stop Systems has shown improving fundamentals and active portfolio reshaping. Q4 2024 and Q1 2025 featured losses and margin pressure that led to negative stock reactions. Through 2025, revenue growth, margin expansion, and guidance for EBITDA break-even improved sentiment, capped by strong Q3 and Q4 2025 results and the Bressner divestiture. Today’s Q1 2026 report extends that narrative with higher growth, stronger margins, and positive non-GAAP earnings.
Historical Comparison
In the last five earnings releases, OSS’s average next-day move was about -0.02%, with both sharp rallies and selloffs, indicating that earnings often act as tradable catalysts.
Earnings history shows a transition from loss-making, margin-pressured quarters in 2024–early 2025 toward higher-margin, growth-focused results after the Bressner divestiture, with 2026 guidance emphasizing sustained growth and positive EBITDA.
Market Pulse Summary
The stock surged +56.9% in the session following this news. A strong positive reaction aligns with prior instances where improving margins and guidance shifts led to sizable upside moves, such as double-digit gains after Q3 and Q4 2025 earnings. Q1 2026 combined 55.0% revenue growth, 51.6% gross margin, and a swing to non-GAAP profitability with solid cash generation and bookings. Investors would still need to watch execution on the 20–25% 2026 growth outlook and concentration in key defense and commercial programs.
Key Terms
book-to-bill financial
non-gaap financial
adjusted ebitda financial
restricted cash financial
AI-generated analysis. Not financial advice.
First quarter of 2026 revenue increased
with gross margin increasing 610-basis points to
Net cash provided by continuing operating activities of
First quarter book-to-bill of 1.8x, supporting a TTM book-to-bill above 1.2x
ESCONDIDO, Calif., May 06, 2026 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. ("OSS" or the "Company") (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML), autonomy and sensor processing at the edge, reported results for the first quarter ended March 31, 2026. First quarter comparisons are to the same year-ago periods unless otherwise noted. On December 30, 2025, the Company closed a definitive agreement to sell all assets and operations of Bressner Technology GmbH. All operations, assets, and liabilities associated with the sale of Bressner have been classified as discontinued operations.
“Positive momentum continued into 2026, driven by significant year-over-year revenue growth, disciplined execution across the business, and continued expansion in profitability,” stated OSS President and CEO, Mike Knowles. “We are seeing increased demand for our enterprise-class, ruggedized compute platforms across both defense and commercial markets, which we believe supports OSS’s role as a critical enabler of next-generation AI, autonomy, and sensor-driven applications at the edge.”
“Importantly, higher demand is translating into tangible growth, with nearly
“We also generated record free cash flow in the quarter from continuing operations, strengthening our balance sheet, and providing flexibility to pursue both organic and inorganic growth opportunities. As a result, we believe OSS is well positioned to capitalize on a multi-year growth opportunity as demand for enterprise class, ruggedized compute at the edge remains strong,” concluded Mr. Knowles.
2026 First-Quarter Financial Summary
Total revenue from continuing operations increased
Gross margin from continuing operations was
Total operating expenses from continuing operations increased
The Company reported a net loss from continuing operations of
Adjusted EBITDA, from continuing operations, a non-GAAP metric, was
Net cash provided by continuing operations for the three months ended March 31, 2026, was
As of March 31, 2026, the Company reported cash, cash equivalents, and short-term investments of
Income from Discontinued Operations, net of Income Taxes
Income from discontinued operations consists of income from the Company’s Bressner Technologies subsidiary, which was sold on December 30, 2025. Income from discontinued operations also includes the gain recognized on the sale.
Loss from discontinued operations, net of income taxes, was
2026 Full Year Outlook
The Company is executing a strategic plan targeting both commercial and defense markets, aiming to provide integrated solutions and establish OSS as a platform incumbent on large, multi-year programs. This approach is expected to drive long-term value by increasing predictable, recurring revenue and building a strong, multi-year backlog.
The Company’s expectations for 2026 take into consideration the following: continued growth in core defense and commercial markets, higher customer funded development sales compared to 2025 levels, the potential impacts of supply chain issues for certain components such as memory, and the current outlook for the federal government budget. Changes in these assumptions could positively or negatively impact OSS’s results in 2026.
For the full year of 2026, OSS expects:
- Revenue growth of
20% to25% - Gross margin of approximately
40% - Positive EBITDA and adjusted EBITDA
Conference Call
OSS will hold a conference call to discuss its results for the first quarter of 2026, followed by a question-and-answer period.
Date: Wednesday, May 6, 2026
Time: 10:00 a.m. ET (7:00 a.m. PT)
Toll-free dial-in: 1-800-717-1738
International dial-in: 1-646-307-1865
Conference ID: 21430 (required for entry)
Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1756447&tp_key=f17a290f0f
A replay of the call will be available after 1:00 p.m. ET on May 6, 2026, through May 20, 2026.
Toll-free replay: 1-844-512-2921
International replay: 1-412-317-6671
Passcode: 1121430
About One Stop Systems
One Stop Systems, Inc. (Nasdaq: OSS) is a leader in AI enabled solutions for the demanding ‘edge.’ OSS designs and manufactures Enterprise Class compute and storage products that enable rugged AI, sensor fusion and autonomous capabilities without compromise. These hardware and software platforms bring the latest data center performance to harsh and challenging applications, whether they are on land, sea or in the air.
OSS products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software. These specialized compact products are used across multiple industries and applications, including autonomous trucking and farming, as well as aircraft, drones, ships and vehicles within the defense industry.
OSS solutions address the entire AI workflow, from high-speed data acquisition to deep learning, training and large-scale inference, and have delivered many industry firsts for industrial OEM and government customers.
As the fastest growing segment of the multi-billion-dollar edge computing market, AI enabled solutions require—and OSS delivers—the highest level of performance in the most challenging environments without compromise.
OSS products are available directly or through global distributors. For more information, go to www.onestopsystems.com. You can also follow OSS on X, YouTube, and LinkedIn.
Non-GAAP Financial Measures
We believe that the use of adjusted earnings before interest, taxes, depreciation and amortization, or adjusted EBITDA, is helpful for an investor to assess the performance of the Company. The Company defines adjusted EBITDA as income (loss) before interest, taxes, depreciation, amortization, acquisition expense, impairment of long-lived assets, financing costs, government funded programs, fair value adjustments from purchase accounting, stock-based compensation expense, and expenses related to discontinued operations.
Adjusted EBITDA is not a measurement of financial performance under generally accepted accounting principles in the United States, or GAAP. Because of varying available valuation methodologies, subjective assumptions and the variety of equity instruments that can impact a company’s non-cash operating expenses, we believe that providing a non-GAAP financial measure that excludes non-cash and non-recurring expenses allows for meaningful comparisons between our core business operating results and those of other companies, as well as providing us with an important tool for financial and operational decision making and for evaluating our own core business operating results over different periods of time.
Our adjusted EBITDA measure may not provide information that is directly comparable to that provided by other companies in our industry, as other companies in our industry may calculate non-GAAP financial results differently, particularly related to non-recurring and unusual items. Our adjusted EBITDA is not a measurement of financial performance under GAAP and should not be considered as an alternative to operating income or as an indication of operating performance or any other measure of performance derived in accordance with GAAP. We do not consider adjusted EBITDA to be a substitute for, or superior to, the information provided by GAAP financial results.
| EBITDA from Continuing Operations | |||||||
| For the Three Months Ended March 31, | |||||||
| 2026 | 2025 | ||||||
| Loss from continuing operations | $ | (362,588 | ) | $ | (2,279,393 | ) | |
| Depreciation | 184,151 | 194,780 | |||||
| Amortization of right-of-use assets net of change in operating lease liability | (5,207 | ) | (2,032 | ) | |||
| Stock-based compensation expense | 655,128 | 578,405 | |||||
| Interest income | (296,138 | ) | (73,066 | ) | |||
| Adjusted EBITDA | $ | 175,346 | $ | (1,581,306 | ) | ||
| EBITDA from Discontinued Operations | |||||||
| For the Three Months Ended March 31, | |||||||
| 2026 | 2025 | ||||||
| (Loss) income from discontinued operations, net of income taxes | $ | (157,274 | ) | $ | 261,759 | ||
| Post-closing adjustments to gain on sale | 157,274 | - | |||||
| Depreciation | - | 29,068 | |||||
| Stock-based compensation expense | - | 34,156 | |||||
| Interest expense | - | 14,186 | |||||
| Interest income | - | 555 | |||||
| Provision for income taxes | - | 109,466 | |||||
| Adjusted EBITDA | $ | - | $ | 449,190 | |||
| Consolidated EBITDA | |||||||
| For the Three Months Ended March 31, | |||||||
| 2026 | 2025 | ||||||
| Net income (loss) | $ | (519,862 | ) | $ | (2,017,634 | ) | |
| Post-closing adjustments to gain on sale | 157,274 | - | |||||
| Depreciation | 184,151 | 223,847 | |||||
| Amortization of right-of-use assets net of change in operating lease liability | (5,207 | ) | (2,032 | ) | |||
| Stock-based compensation expense | 655,128 | 612,561 | |||||
| Interest expense | - | 14,186 | |||||
| Interest income | (296,138 | ) | (72,511 | ) | |||
| Provision for income taxes | - | 109,466 | |||||
| Adjusted EBITDA | $ | 175,346 | $ | (1,132,116 | ) | ||
(Dollars may not calculate due to rounding)
Adjusted EPS excludes the impact of certain items and, therefore, has not been calculated in accordance with GAAP. We believe that exclusion of certain selected items assists in providing a more complete understanding of our underlying results and trends and allows for comparability with our peer company index and industry. We use this measure along with the corresponding GAAP financial measures to manage our business and to evaluate our performance compared to prior periods and the marketplace. The Company defines non-GAAP income (loss) as income or (loss) before amortization, government funded programs, impairment of long lived assets, stock-based compensation, expenses related to discontinued operations, and acquisition costs. Adjusted EPS expresses adjusted income (loss) on a per share basis using weighted average diluted shares outstanding.
Adjusted EPS is a non-GAAP financial measure and should not be considered in isolation or as a substitute for financial information provided in accordance with GAAP. These non-GAAP financial measures may not be computed in the same manner as similarly titled measures used by other companies. We expect to continue to incur expenses similar to the adjusted income from continuing operations and adjusted EPS financial adjustments described above, and investors should not infer from our presentation of these non-GAAP financial measures that these costs are unusual, infrequent or non-recurring.
The following table reconciles non-GAAP net income and basic and diluted earnings per share:
| Non- GAAP Adjusted EPS from Continuing Operations | |||||||
| For the Three Months Ended March 31, | |||||||
| 2026 | 2025 | ||||||
| Loss from continuing operations | $ | (362,588 | ) | $ | (2,279,393 | ) | |
| Stock-based compensation expense | 655,128 | 578,405 | |||||
| Non-GAAP net income (loss) from continuing operations | $ | 292,540 | $ | (1,700,988 | ) | ||
| Non-GAAP net income (loss) from continuing operations per share: | |||||||
| Basic | $ | 0.01 | $ | (0.08 | ) | ||
| Diluted | $ | 0.01 | $ | (0.08 | ) | ||
| Weighted average common shares outstanding: | |||||||
| Basic | 24,680,886 | 21,384,599 | |||||
| Diluted | 25,782,364 | 22,000,265 | |||||
| Non- GAAP Adjusted EPS from Discontinued Operations | |||||||
| For the Three Months Ended March 31, | |||||||
| 2026 | 2025 | ||||||
| (Loss) income from discontinued operations, net of income taxes | $ | (157,274 | ) | $ | 261,759 | ||
| Post-closing adjustments to gain on sale | 157,274 | - | |||||
| Stock-based compensation expense | - | 34,156 | |||||
| Non-GAAP net income from discontinued operations | $ | - | $ | 295,915 | |||
| Non-GAAP net income from discontinued operations per share: | |||||||
| Basic | $ | - | $ | 0.01 | |||
| Diluted | $ | - | $ | 0.01 | |||
| Weighted average common shares outstanding: | |||||||
| Basic | 24,680,886 | 21,384,599 | |||||
| Diluted | 25,782,364 | 22,000,265 | |||||
| Consolidated Non-GAAP Adjusted EPS | |||||||
| For the Three Months Ended March 31, | |||||||
| 2026 | 2025 | ||||||
| Net loss | $ | (519,862 | ) | $ | (2,017,634 | ) | |
| Post-closing adjustments to gain on sale | 157,274 | - | |||||
| Stock-based compensation expense | 655,128 | 612,561 | |||||
| Non-GAAP net income (loss) | $ | 292,540 | $ | (1,405,073 | ) | ||
| Non-GAAP net income (loss) per share: | |||||||
| Basic | $ | 0.01 | $ | (0.07 | ) | ||
| Diluted | $ | 0.01 | $ | (0.06 | ) | ||
| Weighted average common shares outstanding: | |||||||
| Basic | 24,680,886 | 21,384,599 | |||||
| Diluted | 25,782,364 | 22,000,265 | |||||
(Dollars may not calculate due to rounding)
Forward-Looking Statements
One Stop Systems cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. Words such as, but not limited to, "anticipate," "aim," "believe," "contemplate," "continue," "could," "design," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "seek," "should," "suggest," "strategy," "target," "will," "would," and similar expressions or phrases, or the negative of those expressions or phrases, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements include but are not limited to statements in this press release relating to the Company’s expected financial performance and outlook for 2026, including anticipated revenue growth, gross margin and EBITDA expectations; anticipated demand trends across defense and commercial markets; expected customer-funded development activity; the Company’s ability to execute its strategic plan and secure positions on large, multi-year programs; opportunities related to defense and national security programs and commercial applications such as aerospace, autonomous systems, construction and healthcare; the anticipated benefits from the sale of Bressner Technology GmbH, including improved focus on higher-margin opportunities; and the potential impact of supply chain conditions, component availability and government budget considerations on the Company’s operations and results. The inclusion of forward-looking statements should not be regarded as a representation by One Stop Systems or its partners that any of its plans or expectations will be achieved, including but not limited to expected increases in sales, revenues and profitability, non-GAAP financial measures, our multi-year strategy, expected market growth, continued or new demand for our products, increase in margins, and operating expenses. These statements are based on the Company's current beliefs and expectations. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in our latest Annual Report on Form 10-K and any subsequent filings with the SEC, as well as those relating to current geopolitical conditions, defense spending changes, the Company’s ability to successfully scale production, manage program execution, and meet customer delivery schedules, semiconductor supply constraints, and customer concentration. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Media Contacts:
Robert Kalebaugh
One Stop Systems, Inc.
Tel (858) 518-6154
Email contact
Investor Relations:
Andrew Berger
Managing Director
SM Berger & Company, Inc.
Tel (216) 464-6400
Email contact
| ONE STOP SYSTEMS, INC. (OSS) CONSOLIDATED BALANCE SHEETS | |||||||
| Unaudited | Audited | ||||||
| March 31, | December 31, | ||||||
| 2026 | 2025 | ||||||
| ASSETS | |||||||
| Current assets | |||||||
| Cash and cash equivalents | $ | 24,339,602 | $ | 31,174,880 | |||
| Restricted cash | 2,204,439 | 2,200,096 | |||||
| Short-term investments | 10,033,654 | - | |||||
| Accounts receivable, net | 5,313,769 | 11,549,718 | |||||
| Inventories, net | 6,766,659 | 5,420,439 | |||||
| Prepaid expenses and other current assets | 730,002 | 472,884 | |||||
| Total current assets | 49,388,125 | 50,818,017 | |||||
| Property and equipment, net | 505,504 | 674,654 | |||||
| Operating lease right-of-use assets | 1,169,837 | 1,216,871 | |||||
| Deposits and other | 35,073 | 38,093 | |||||
| Intangible assets, net | 73,908 | 73,908 | |||||
| Total Assets | $ | 51,172,447 | $ | 52,821,543 | |||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||
| Current liabilities | |||||||
| Accounts payable | $ | 1,792,922 | $ | 1,716,389 | |||
| Accrued expenses and other current liabilities | 2,467,379 | 3,630,130 | |||||
| Current portion of operating lease liabilities | 230,075 | 219,097 | |||||
| Current liabilities of discontinued operations | 157,274 | - | |||||
| Total current liabilities | 4,647,650 | 5,565,616 | |||||
| Operating lease liabilities, net of current portion | 1,186,643 | 1,249,862 | |||||
| Total liabilities | 5,834,293 | 6,815,478 | |||||
| Commitments and contingencies | - | - | |||||
| Stockholders’ equity | |||||||
| Common stock, 24,769,017 and 24,583,775 shares issued and outstanding | 2,477 | 2,458 | |||||
| Additional paid-in capital | 62,841,899 | 62,968,973 | |||||
| Accumulated other comprehensive loss | (20,993 | ) | - | ||||
| Accumulated deficit | -17,485,229 | (16,965,367 | ) | ||||
| Total stockholders’ equity | 45,338,154 | 46,006,064 | |||||
| Total Liabilities and Stockholders' Equity | $ | 51,172,447 | $ | 52,821,543 | |||
| ONE STOP SYSTEMS, INC. (OSS) UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars may not calculate due to rounding) | |||||||
| For the Three Months Ended March 31, | |||||||
| 2026 | 2025 | ||||||
| Revenue: | |||||||
| Product | $ | 7,064,248 | $ | 4,796,435 | |||
| Customer funded development | 1,005,362 | 410,375 | |||||
| 8,069,610 | 5,206,810 | ||||||
| Cost of revenue: | |||||||
| Product | 3,635,581 | 2,487,818 | |||||
| Customer funded development | 266,470 | 349,782 | |||||
| 3,902,051 | 2,837,600 | ||||||
| Gross profit | 4,167,559 | 2,369,210 | |||||
| Operating expenses: | |||||||
| General and administrative | 2,444,745 | 1,908,383 | |||||
| Marketing and selling | 1,576,962 | 1,606,876 | |||||
| Research and development | 817,039 | 1,205,142 | |||||
| Total operating expenses | 4,838,746 | 4,720,401 | |||||
| Loss from operations | (671,187 | ) | (2,351,191 | ) | |||
| Other income (expense), net: | |||||||
| Interest income | 296,138 | 73,066 | |||||
| Other income (expense), net | 12,461 | (1,267 | ) | ||||
| Total other income, net | 308,599 | 71,798 | |||||
| Loss before income taxes | (362,588 | ) | (2,279,393 | ) | |||
| Provision for income taxes | - | - | |||||
| Loss from continuing operations | (362,588 | ) | (2,279,393 | ) | |||
| (Loss) income from discontinued operations, net of income taxes | (157,274 | ) | 261,759 | ||||
| Net loss | (519,862 | ) | (2,017,634 | ) | |||
| Per share basis: | |||||||
| Basic: | |||||||
| Continuing operations | $ | (0.01 | ) | $ | (0.11 | ) | |
| Discontinued operations | $ | (0.01 | ) | $ | 0.01 | ||
| Basic loss per share | $ | (0.02 | ) | $ | (0.09 | ) | |
| Diluted: | |||||||
| Continuing operations | $ | (0.01 | ) | $ | (0.11 | ) | |
| Discontinued operations | $ | (0.01 | ) | $ | 0.01 | ||
| Diluted loss per share | $ | (0.02 | ) | $ | (0.09 | ) | |
| Weighted average common shares outstanding: | |||||||
| Basic | 24,680,886 | 21,384,599 | |||||
| Diluted | 24,680,886 | 22,000,265 | |||||
| ONE STOP SYSTEMS, INC. (OSS) UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS | |||||||
| For the Three Months Ended March 31, | |||||||
| 2026 | 2025 | ||||||
| Cash flows from continuing operating activities: | |||||||
| Loss from continuing operations | $ | (362,588 | ) | $ | (2,279,393 | ) | |
| Adjustments to reconcile loss from continuing operations to net cash provided by (used in) continuing operating activities: | |||||||
| Depreciation | 184,151 | 194,780 | |||||
| Provision for credit losses | - | (100 | ) | ||||
| Unrealized losses (gains) on short term investments | 20,993 | (4,572 | ) | ||||
| Amortization of right-of-use assets | 47,035 | 61,610 | |||||
| Stock-based compensation expense | 655,128 | 578,405 | |||||
| Change in warranty reserves | 60,000 | - | |||||
| Change in inventory reserves | 52,489 | (146,200 | ) | ||||
| Change in security deposits | 3,019 | - | |||||
| Changes in operating assets and liabilities: | |||||||
| Accounts receivable | 6,235,950 | (254,506 | ) | ||||
| Inventories | (1,398,709 | ) | 20,968 | ||||
| Prepaid expenses and other current assets | (257,099 | ) | (157,367 | ) | |||
| Accounts payable | 76,533 | 1,435,311 | |||||
| Accrued expenses and other current liabilities | (1,222,752 | ) | (890,479 | ) | |||
| Operating lease liabilities | (52,242 | ) | (63,642 | ) | |||
| Net cash provided by (used in) continuing operating activities | 4,041,908 | (1,505,184 | ) | ||||
| Cash flows from continuing investing activities: | |||||||
| Purchases of property and equipment | (15,001 | ) | (6,441 | ) | |||
| (Purchase) sale of marketable securities | (10,075,640 | ) | 601,860 | ||||
| Net cash (used in) provided by continuing investing activities | (10,090,641 | ) | 595,419 | ||||
| Cash flows from continuing financing activities: | |||||||
| Proceeds from exercise of stock options | 47,946 | 373,310 | |||||
| Payment of withholding taxes on stock-based awards | (830,148 | ) | (243,654 | ) | |||
| Net cash (used in) provided by continuing financing activities | (782,202 | ) | 129,656 | ||||
| Net change in cash, cash equivalents, and restricted cash from continuing operations | (6,830,935 | ) | (780,109 | ) | |||
| Net cash flow from discontinued operating activities | - | 369,588 | |||||
| Net cash flow from discontinued investing activities | - | (10,924 | ) | ||||
| Net cash flow from discontinued financing activities | - | - | |||||
| Net change in cash, cash equivalents, and restricted cash from discontinued operations | - | 358,664 | |||||
| Effect of exchange rate changes on cash | - | 125,820 | |||||
| Net change in cash, cash equivalents, and restricted cash | (6,830,935 | ) | (295,625 | ) | |||
| Cash, cash equivalents, and restricted cash, beginning of period: | 33,374,976 | 6,794,093 | |||||
| Cash, cash equivalents, and restricted cash, end of period | $ | 26,544,041 | $ | 6,498,468 | |||
