Symbolic Logic (EVOL) 10-K 8 Apr 22 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2021	Apr. 07, 2022	Jun. 30, 2021
Document And Entity Information [Abstract]
Document Type	10-K
Document Annual Report	true
Document Fiscal Period Focus	FY
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Entity File Number	001-34261
Entity Registrant Name	EVOLVING SYSTEMS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-1010843
Entity Address, Address Line One	9800 Pyramid Court
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Englewood
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80112
City Area Code	303
Local Phone Number	802-1000
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	EVOL
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 17,570,711
Entity Common Stock, Shares Outstanding		12,333,184
Entity Central Index Key	0001052054
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Amendment Flag	false
Auditor Name	Marcum LLP
Auditor Firm ID	688
Auditor Location	Philadelphia, PA

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 39,445	$ 241
Prepaid and other current assets	106	219
Current assets of discontinued operations		13,447
Total current assets	39,551	13,907
Property and equipment, net	4	5
Deferred income taxes, net		500
Non-current assets of discontinued operations		4,664
Total assets	39,555	19,076
Current liabilities:
Accounts payable and accrued liabilities	1,252	579
Income taxes payable	575	459
Current liabilities of discontinued operations		7,416
Total current liabilities	1,827	8,454
Long-term liabilities:
Term loans, net of current portion		319
Non-current liabilities of discontinued operations		613
Total liabilities	1,827	9,386
Commitments and contingencies (Note 10)
Stockholders' equity:
Preferred stock, $0.001 par value; 2,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.001 par value; 40,000,000 shares authorized; 12,437,073 shares issued and 12,258,184 shares outstanding as of December 31, 2021 and 12,374,798 shares issued and 12,195,909 shares outstanding as of December 31, 2020	12	12
Additional paid-in capital	100,024	99,776
Treasury stock, 178,889 shares as of December 31, 2021 and December 31, 2020, at cost	(1,253)	(1,253)
Accumulated other comprehensive loss		(10,345)
Accumulated deficit	(61,055)	(78,500)
Total stockholders' equity	37,728	9,690
Total liabilities and stockholders' equity	$ 39,555	$ 19,076

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED BALANCE SHEETS
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	12,437,073	12,374,798
Common stock, shares outstanding	12,258,184	12,195,909
Treasury stock, shares	178,889	178,889

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
OPERATING EXPENSES
General and administrative	$ 3,427	$ 2,851
Depreciation	3	3
Total operating expenses	3,430	2,854
Loss from operations	(3,430)	(2,854)
Other (expense) income
Interest expense	(2)	(79)
Other income, net		11
Other (expense) income, net	(2)	(68)
Loss from continuing operations before income taxes	(3,432)	(2,922)
Income tax expense	0	0
Net loss from continuing operations	(3,432)	(2,922)
Discontinued operations (Note 2)
Income from discontinued operations before income taxes	3,537	4,393
Gain on sale of discontinued operations	20,840
Income tax expense from discontinued operations	3,500	828
Net income from discontinued operations	20,877	3,565
Net income	$ 17,445	$ 643
Basic loss per common share from continuing operations	$ (0.28)	$ (0.24)
Basic earnings per common share from discontinued operations	1.70	0.29
Diluted loss per common share from continuing operations	(0.28)	(0.24)
Diluted earnings per common share from discontinued operations	$ 1.70	$ 0.29
Weighted average basic shares outstanding	12,245	12,187
Weighted average diluted shares outstanding	12,258	12,271

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 17,445	$ 643
Other comprehensive income/(loss)
Foreign currency translation loss	(23)	(292)
Reclassification of foreign currency translation adjustment into earnings as a result of discontinued operations	10,368
Comprehensive income	$ 27,790	$ 351

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2019	$ 12	$ 99,555	$ (1,253)	$ (10,053)	$ (79,143)	$ 9,118
Balance, shares at Dec. 31, 2019	12,163,834
Restricted stock vested, shares	32,075
Stock-based compensation expense		221				221
Net income					643	643
Foreign currency translation loss				(292)		(292)
Balance at Dec. 31, 2020	$ 12	99,776	(1,253)	(10,345)	(78,500)	$ 9,690
Balance, shares at Dec. 31, 2020	12,195,909					12,195,909
Restricted stock vested, shares	62,275
Stock-based compensation expense		248				$ 248
Net income					17,445	17,445
Foreign currency translation loss				(23)		(23)
Net reclassification of foreign currency translation adjustment from sale of foreign subsidiaries pursuant to the Purchase Agreements				$ 10,368		10,368
Balance at Dec. 31, 2021	$ 12	$ 100,024	$ (1,253)		$ (61,055)	$ 37,728
Balance, shares at Dec. 31, 2021	12,258,184					12,258,184

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 17,445	$ 643
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	398	216
Amortization of intangible assets	941	940
Amortization of debt issuance costs		6
Amortization of operating leases - right of use assets	365	272
Stock-based compensation expense	248	221
Foreign currency transaction income, net	(197)	(77)
Bad debt expense, net of recoveries	88	(92)
Benefit for deferred income taxes	542	(56)
Gain from sale of business	(20,840)
Gain on PPP Loan forgiveness	(319)
Change in operating assets and liabilities:
Contract receivables	(165)	1,286
Unbilled work-in-progress	371	(2,095)
Prepaid and other assets	206	(195)
Accounts payable and accrued liabilities	(191)	337
Income tax receivable	270	683
Income tax payable	2,094
Unearned revenue	956	(391)
Lease obligations - operating leases	(366)	(270)
Net cash (used in) provided by operating activities	1,846	1,428
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(387)	(268)
Proceeds on sale of property and equipment		2
Proceeds from sale of business, net of cash transferred	35,191
Net cash provided by (used in) investing activities	34,804	(266)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on notes payable	(142)	(1,370)
Proceeds from loan		319
Net cash used in financing activities	(142)	(1,051)
Effect of exchange rate changes on cash and cash equivalents	174	(424)
Net increase (decrease) in cash and cash equivalents	36,682	(313)
Cash and cash equivalents at beginning of year	2,763	3,076
Cash and cash equivalents at end of year	39,445	2,763
Supplemental disclosure of cash and non-cash transactions:
Interest paid	10	66
Income taxes paid, net of refunds	468	(269)
Supplemental non-cash amounts of transaction costs from sale of business	646
Supplemental non-cash amounts of lease liabilities arising from obtaining right of use assets	$ 370	$ 41

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 — ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization Following the sale of its assets in December 2021, the Company is currently a research and development organization with two initial areas of product focus, each of which are in a research-oriented pre-release mode. The two areas of focus are in the application of self-learning algorithms as well as the symbolic tagging and organizing of physical objects. On December 9, 2021, we received a letter from the NASDAQ regarding the Equity Purchase Agreement and the two Software Purchase Agreements entered into by the Company pursuant to which we sold all of our assets. The staff requested certain information from the Company regarding its on-going business. We provided a response to the staff on January 7, 2022. We received a follow up request from the NASDAQ for additional information and we provided a response to the staff on February 15, 2022. Evolving Systems provided software solutions and services throughout the world. The COVID-19 global outbreak caused instability and volatility in multiple markets where our clients conduct business. We leveraged our ability to provide support remotely resulting in limited effect on our day to day operations. The inability to travel had delayed interactions with our clients on projects and in the traditional modes of sales development as well as limited our interactions with prospective M&A targets. We believe our current liquidity and funds from our ongoing operations will be sufficient to fund operations and meet the Company’s cash needs for future working capital and capital expenditure requirements for at least the next twelve months from the date of issuance of these consolidated financial statements. In making this assessment, we considered our $39.4 Use of Estimates Principles of Consolidation Discontinued Operations Fair Value Measurements hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: Level 1 Level 2 Level 3 Cash and Cash Equivalents Stock-based Compensation Concentration of Credit Risk Cash and cash equivalents were covered under a FDIC program as of December 31, 2021 up to a maximum coverage amount of $0.5 million. Our cash and cash equivalents in excess of FDIC program limits was $38.9 million for the year ended December 31, 2021. All of our cash was covered for the year ended December 31, 2020. Property and Equipment and Long-Lived Assets We review our long-lived assets, such as property and equipment and purchased intangible assets subject to amortization, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. We evaluate the recoverability of an asset group by comparing its carrying amount to the estimated undiscounted future cash flows expected to be generated by the asset group. If the carrying amount of an asset group exceeds its estimated future cash flows, we recognize an impairment charge as the amount by which the carrying amount of the asset group exceeds the estimated fair value of the asset group. Income Taxes We use a recognition threshold and a measurement attribute for financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. Leases Recently Adopted Accounting Pronouncements Recently Issued Accounting Pronouncements Management has evaluated other recently issued accounting pronouncements and does not believe that any of these pronouncements will have a significant impact on our consolidated financial statements and related disclosures.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Dec. 31, 2021
DISCONTINUED OPERATIONS
DISCONTINUED OPERATIONS	NOTE 2 — DISCONTINUED OPERATIONS On December 31, 2021, Evolving Systems, Inc. and certain of its subsidiaries completed the Equity Purchase Agreement and two Software Purchase Agreements with subsidiaries and affiliates of Partner One Capital, Inc. The Purchase Agreements contemplate the sale and transfer of substantially all of the Company’s operating subsidiaries and all of its assets to the Purchasers for an aggregate purchase price of $40 million (subject to adjustment as set forth in the Equity Purchase Agreement). The Purchase Agreements include customary terms and conditions, including an adjustment to the purchase price based on the Company’s cash and cash equivalents on hand and other adjustments as of the closing date and provisions that require the Company to indemnify the Purchasers for certain losses that it incurs as a result of a breach by the Company of its representations and warranties in the Purchase Agreements and certain other matters. Proceeds from the sale will be payable to the Company as follows: (1) a $37.5 million payment to the Company in cash on the closing date (adjusted as set forth in the Equity Purchase Agreement), and (2) $2.5 million placed in escrow on the closing date as security for the Company’s indemnification obligations to the Purchasers under the Purchase Agreements, which amount will be released to the Company on or before the date that is twelve months from the closing date (less any portion of the escrow used to make indemnification payments to the Purchasers). The Company received cash proceeds of $36.0 million and may receive up to an additional $2.5 million in consideration pursuant to the terms of an escrow agreement entered into in connection with the Equity Purchase Agreement and included in the cash and cash equivalents in our consolidated balance sheets. The Purchase Agreements contain customary representations and warranties of each of the parties. The Purchase Agreements contain indemnification rights in favor of the Company following closing for (i) breaches of any of the representations or warranties by the Purchasers including, but not limited to, breaches related to organization, authorization, and governmental authorization, and (ii) breaches of the covenants or agreements of the Purchasers in the Purchase Agreements. In addition, the Purchase Agreements contain indemnification rights in favor of the Purchasers following closing for (i) breaches of certain fundamental representations and warranties by the Company, including breaches related to organization, authorization, capitalization, title to purchased assets, and finders’ fees, (ii) breaches of any of the representations and warranties by the Company, and (iii) breaches of the covenants or agreements of the Company in the Purchase Agreements. Accordingly, the operating results of its operations in the entities and related business operations sold for all years presented have been reclassified in the consolidated statements of operations as “income from discontinued operations”. Interest expense that is specifically identifiable to debt related to the entities sold qualifies as discontinued operations and is allocated to interest expense from discontinued operations in the Company’s consolidated financial statements. Additionally, the carrying amounts of the assets and liabilities for the entities sold for all years presented have been reclassified in the consolidated balance sheets. The following table presents the financial results of the discontinued operations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Revenue ​ $ 26,898 ​ $ 26,352 Costs of revenue ​ (8,759) ​ (8,837) Sales and marketing ​ (5,509) ​ (6,000) General and administrative ​ (2,361) ​ (2,201) Product development ​ (5,291) ​ (4,327) Depreciation ​ (395) ​ (213) Amortization ​ (941) ​ (940) Restructuring ​ (61) ​ — Interest expense ​ (5) ​ — Interest income ​ 10 ​ 14 Other income ​ 301 ​ 175 Foreign currency exchange (loss) income ​ (350) ​ 370 Income tax expense ​ (3,500) ​ (828) Net income from discontinued operations ​ $ 37 ​ $ 3,565 Gain on sale of discontinued operations ​ $ 20,840 ​ $ — ​ Proceeds from the sale of the business have been presented in the Consolidated Statement of Cash Flows under investing activities for the year ended December 31, 2021. In accordance with ASC Topic 205-20, additional disclosures relating to cash flow is required for discontinued operations. Cash flow information relating to the discontinued operations for the years ended December 31, 2021 and 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Operating cash flow data: ​ ​ ​ ​ ​ ​ Depreciation ​ $ 395 ​ $ 213 Amortization of operating leases — right of use assets ​ ​ 365 ​ ​ 272 Amortization of intangible assets ​ ​ 941 ​ ​ 940 Provision for deferred income taxes ​ ​ 42 ​ ​ (56) Bad debt expense, net of recoveries ​ ​ 88 ​ ​ (92) Investing cash flow data: ​ ​ ​ ​ ​ ​ Purchases of property and equipment ​ ​ (385) ​ ​ (265) ​ ​ ​ ​ ​ ​ December 31, 2020 Cash and cash equivalents per balance sheet ​ $ 241 Cash and cash equivalents classified within current assets of discontinued operations ​ 2,522 Ending cash and cash equivalents balance per statement of cash flows ​ $ 2,763 ​ The carrying amounts of the assets and liabilities of the discontinued operations on the Consolidated Balance Sheets as of December 31, 2021 and 2020 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Assets of discontinued operations: ​ ​ ​ ​ Current assets of discontinued operations: ​ ​ Cash and cash equivalents ​ $ — ​ $ 2,522 Contract receivables, net ​ — ​ 5,681 Unbilled work in progress ​ — ​ 3,365 Prepaid and other current assets ​ — ​ 1,609 Income tax receivable ​ ​ — ​ ​ 270 Total current assets of discontinued operations: ​ — ​ 13,447 Non-current assets of discontinued operations: ​ ​ Property and equipment, net ​ — ​ 527 Operating leases - right of use asset, net ​ ​ ​ 915 Amortizable intangible assets, net ​ — ​ 2,769 Deferred income taxes ​ — ​ 453 Total non-current assets of discontinued operations: ​ — ​ 4,664 Total assets of discontinued operations ​ $ — ​ $ 18,111 ​ ​ ​ ​ ​ ​ ​ Liabilities of discontinued operations: ​ ​ Current liabilities of discontinued operations: ​ ​ Accounts payable and accrued liabilities and income taxes payable ​ $ — ​ $ 3,267 Term loan ​ — ​ 142 Lease obligations, current ​ ​ — ​ ​ 294 Unearned revenue ​ — ​ 3,713 Total current liabilities of discontinued operations: ​ — ​ 7,416 Non-current liabilities of discontinued operations: ​ ​ Lease obligations, net of current ​ — ​ 613 Total non-current liabilities of discontinued operations: ​ — ​ 613 Total liabilities of discontinued operations ​ $ — ​ $ 8,029 ​ The gain on sale of discontinued operations was determined as follows: ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 Purchase price ​ $ 40,000 Closing adjustments ​ (1,467) Net book value of assets sold ​ (6,461) Transaction costs ​ (864) Currency translation adjustment reclassified from accumulated other comprehensive loss ​ (10,368) Gain on sale of discontinued operations ​ $ 20,840 ​

BALANCE SHEET COMPONENTS

BALANCE SHEET COMPONENTS	12 Months Ended
	Dec. 31, 2021
BALANCE SHEET COMPONENTS
BALANCE SHEET COMPONENTS	NOTE 3 — BALANCE SHEET COMPONENTS The components of accounts payable and accrued liabilities are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Accounts payable and accrued liabilities: ​ ​ ​ ​ Accounts payable ​ $ 83 ​ $ 250 Accrued compensation and related expenses ​ 538 ​ 264 Accrued liabilities ​ 631 ​ 65 ​ ​ $ 1,252 ​ $ 579 ​

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2021
LONG-TERM DEBT
LONG-TERM DEBT	NOTE 4 — LONG-TERM DEBT Paycheck Protection Program Loan On April 15, 2020, the Company received loan proceeds in the amount of $318,900 under the Paycheck Protection Program (“PPP”). The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), provided for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest were forgivable after a period of 8 to 24 weeks as long as the borrower used the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the eight-week period. We have met the conditions of the PPP Loan forgiveness program. As authorized by section 1106 of the CARES Act, United States Small Business Administration (“SBA”) has forgiven the PPP loan on May 20, 2021. The forgiveness amount was $318,900 in principal and $3,543 in interest. We have recorded the forgiveness amount within other (expense) income, net offset against interest expense in our audited statement of operations. We had used the loan proceeds for purposes consistent with the PPP, including paying for Company wages.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2021
INCOME TAXES
INCOME TAXES	NOTE 5 — INCOME TAXES We recorded no net income tax expense from continuing operations for the years ended December 31, 2021 and 2020 respectively. On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) was enacted in response to COVID-19 pandemic. The CARES Act made various tax law changes, including among other things (i) increased the limitation under IRC Section 163(j) for 2019 and 2020 to permit additional expensing of interest (ii) enacted technical corrections so that qualified improvement property can be immediately expensed under IRC Section 168(k) and net operating losses arising in tax years beginning in 2017 and ending in 2018 can be carried back two years and carried forward twenty years without a taxable income limitation as opposed to carried forward indefinitely, and (iii) made modifications to the federal net operating loss rules including permitting federal net operating losses incurred in 2018, 2019, and 2020 to be carried back to the five preceding taxable years. The CARES Act did not have a material impact on the results reported for the years ended December 31, 2021 and 2020. Global Intangible Low-taxed Income We recognize the tax on global intangible low-taxed income (“GILTI”) as a period cost in the period the tax is incurred. Under this policy, we have not provided deferred taxes related to temporary differences that upon their reversal will affect the amount of income subject to GILTI in the period. Transfer Pricing Adjustments, net The Company’s tax positions include the Company’s intercompany transfer pricing policies and the associated taxable income and deductions arising from intercompany charges between subsidiaries within the consolidated group. During fiscal year 2018 and updated each year subsequently, the Company finalized a transfer pricing plan with Evolving Systems and its subsidiaries. This transfer pricing plan determined the amount of income which is taxable in each respective jurisdiction. The Company applied this methodology in accordance with the transfer pricing plan and the adjustments necessary to reflect the reduction in U.S. pre-tax income resulted in an increase in domestic income before income tax expense of $4.6 million and a corresponding decrease in foreign income before income tax expense for the years ended December 31, 2021 and 2020, respectively, and is included in income tax expense from discontinuing operations on the Consolidated Statements of Operations. The components of loss from continuing operations before income taxes consists of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Domestic ​ $ (3,432) ​ $ (2,922) Total ​ $ (3,432) ​ $ (2,922) ​ The income tax expense from continuing operations consists of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Current: ​ ​ ​ ​ Federal ​ $ (825) ​ $ (581) State ​ — ​ — Total Current ​ (825) ​ (581) Deferred: ​ ​ Federal ​ 825 ​ 581 Total Deferred ​ 825 ​ 581 Total ​ $ — ​ $ — ​ As of December 31, 2021, and 2020 we had no Federal NOL carryforwards remaining. As of December 31, 2021, we had state NOL’s of approximately $16.2 million. The state NOL carryforwards expire at various times beginning in 2022 and ending in 2037. In our U.S. Federal income tax returns we historically deducted income taxes paid to various countries. Our income tax calculations have historically been under the regular and AMT regulations found in U.S. tax laws. The U.S. tax system contains rules to alleviate the burden of double taxation on income generated in foreign countries and subject to tax in such countries. The U.S. allows for either a deduction or credit of such foreign taxes against U.S. taxable income (“Foreign Tax Credit” or “FTC”). An election to either claim a deduction or FTC on such foreign income taxes can be made each tax year, independent from elections made in other years. An FTC reduces a company’s actual U.S. income tax on a dollar-for-dollar basis, while a deduction reduces only the company’s income subject to tax. As the election to claim the FTC or deduction is made on an annual basis, we intend to compare benefits to either claim a deduction or FTC on an annual basis. We had approximately $4.0 million of FTC deferred tax assets to carryforward into 2022 and subsequent years. As of December 31, 2021, we did not have FTC deferred tax asset balance, net of its valuation allowance. Deferred tax assets and liabilities reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of our deferred tax assets and liabilities are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Deferred tax assets: ​ ​ ​ ​ Foreign tax credits carryforwards $ 3,984 ​ $ 4,493 Net operating loss carryforwards - State ​ 588 ​ 942 Stock compensation ​ — ​ 157 Depreciable assets ​ — ​ 1 Accrued liabilities and reserves ​ — ​ 47 Total deferred tax assets ​ 4,572 ​ 5,640 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: ​ ​ Intangibles ​ — ​ (61) Accrued liabilities and reserves ​ — ​ — Total deferred tax liability ​ — ​ (61) ​ ​ ​ ​ ​ ​ ​ Net deferred tax assets, before valuation allowance ​ 4,572 ​ 5,579 Valuation allowance ​ (4,572) ​ (5,079) Net deferred tax asset ​ $ — ​ $ 500 ​ As of December 31, 2021, we maintain a full valuation allowance on our net deferred tax assets. We have determined it is more likely than not that we will not realize our domestic net deferred tax assets. Such assets primarily consist of certain net state operating loss carryforwards and Foreign Tax Credits. We assessed the realizability of our domestic deferred tax assets using all available evidence. In particular, we considered both historical results and projections of profitability for the reasonably foreseeable future periods. We are required to reassess our conclusions regarding the realization of our deferred tax assets at each financial reporting date. A future evaluation could result in a conclusion that all or a portion of the valuation allowance is no longer necessary which could have a material impact on our results of operations and financial position. The expense for income taxes differs from the amount computed by applying the U.S. federal income tax rate of 21% for the years ended December 31, 2021 and 2020, respectively, to loss before income tax expense as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 U.S. federal income tax expense at statutory rates ​ $ (721) ​ $ (614) State income tax expense, net of federal impact ​ (28) ​ 7 Change in valuation allowance ​ 825 ​ ​ 581 Permanent differences and other, net ​ (76) ​ 26 Total tax expense ​ $ — ​ $ — ​ The Company recognizes the tax benefit from an uncertain tax position when it determines that it is more likely than not that the position would be sustained upon examination by taxing authorities. As of December 31, 2021, and 2020, we had no liability for unrecognized tax benefits this evaluation includes our tax positions including current and previous transfer pricing plans. We do not believe there will be any material changes to our unrecognized tax positions over the next twelve months. Interest and penalties related to income tax liabilities are included as a component of income tax expense in the accompanying statements of operations. We had no material net excess tax benefits from employee stock plan awards for the years ended December 31, 2021 and 2020, which would be reflected as income tax expense or benefit in the statement of operations. Evolving Systems Inc. or one or more of our subsidiaries file income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. In the normal course of business, we are subject to examination by taxing authorities in the US and Germany. Although carryovers can always be subject to review by taxing authorities, we are no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations for years before 2015.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2021
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY	NOTE 6 — STOCKHOLDERS’ EQUITY Common Stock Dividends There were no accrued dividends as of December 31, 2021 and 2020. Any determination to declare a future quarterly dividend, as well as the amount of any cash dividend which may be declared, will be based on our financial position, earnings, earnings outlook and other relevant factors at that time, including applicable limits under our term loan facility or any other credit facility then in effect. Treasury Stock As of December 31, 2021, and 2020, we held 178,889 shares of our common stock that we purchased prior to the expiration of our stock purchase program on December 31, 2014. Certain Anti-Takeover Provisions/Agreements with Stockholders Our restated certificate of incorporation allows the board of directors to issue up to 2,000,000 shares of preferred stock and to determine the price, rights, preferences and privileges of those shares without any further vote or action by our stockholders. The rights of the holders of our common stock will be subject to, and may be adversely affected by, the rights of the holders of any preferred stock that may be issued in the future. Issuance of preferred stock, while providing desired flexibility in connection with possible acquisitions and other corporate purposes could make it more difficult for a third party to acquire a majority of our outstanding voting stock. As of December 31, 2021, and 2020, no shares of preferred stock were outstanding. In addition, we are subject to the anti-takeover provisions of Section 203 of Delaware General Corporation Law which prohibit us from engaging in a “business combination” with an “interested stockholder” for a period of three years after the date of the transaction in which the person became an interested stockholder, unless the business combination is approved in the prescribed manner. The application of Section 203 may have the effect of delaying or preventing changes in control of our management, which could adversely affect the market price of our common stock by discouraging or preventing takeover attempts that might result in the payment of a premium price to our stockholders.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2021
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	NOTE 7 — STOCK-BASED COMPENSATION We account for stock-based compensation by applying a fair-value-based measurement method to account for stock-based payment transactions with employees and directors, and record compensation cost for all stock awards granted after January 1, 2006 and awards modified, repurchased, or cancelled after that date, using the modified prospective method. We record compensation costs associated with the vesting of unvested options on a straight-line basis over the vesting period. We recognized $0.2 million of compensation expense in the consolidated statements of operations, with respect to our stock-based compensation plans for the years ended December 31, 2021 and 2020. The following table summarizes stock-based compensation expenses recorded in the consolidated statements of operations (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 General and administrative ​ $ 248 ​ $ 221 Total stock-based compensation ​ $ 248 ​ $ 221 ​ Stock Incentive Plans In June 2007, our stockholders approved the 2007 Stock Incentive Plan (the “2007 Stock Plan”) with a maximum of 1.0 million shares reserved for issuance. In June 2010, our stockholders approved an amendment to the 2007 Stock Plan which increased the maximum shares that may be awarded under the plan to 1.25 million. In June 2013, our stockholders approved an amendment to the 2007 Stock Plan which increased the maximum shares that may be awarded under the plan to 1.5 million. In June 2015, our stockholders approved an amendment to the 2007 Stock Plan which increased the maximum shares that may be awarded under the plan to 2.0 million. Awards permitted under the 2007 Stock Plan included: Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Awards and Other Stock-Based Awards. Awards issued under the 2007 Stock Plan are at the discretion of the Board of Directors. As applicable, awards were granted with an exercise price equal to the closing price of our common stock on the date of grant, generally vested over four years for employees and one year for directors and, with respect to stock option grants, expired no more than ten years from the date of grant. At December 31, 2021 and 2020, no shares were available for grant under the 2007 Stock Plan, as amended. At December 31, 2021 and 2020, 0.1 million options and restricted shares and 0.2 million options and restricted shares were issued outstanding In June 2016, our stockholders approved the 2016 Stock Incentive Plan (the “2016 Stock Plan”) with a maximum of 0.25 million shares reserved for issuance. In June 2018, our stockholders approved an amendment to the 2016 Stock Plan which increased the maximum shares that may be awarded under the plan to 0.85 million Awards permitted under the 2016 Stock Plan include: Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Awards and Other Stock-Based Awards. Awards issued under the 2016 Stock Plan are at the discretion of the Board of Directors. As applicable, awards are granted with an exercise price equal to the closing price of our common stock on the date of grant, generally vest over four years for employees and three years for an initial grant and one year for subsequent grants for directors and expire no more than ten years from the date of grant. At December 31, 2021 and 2020, there were approximately 0.6 million and 0.5 million shares available for grant under the 2016 Stock Plan, respectively. At December 31, 2021 and 2020, 0.1 million options and no restricted shares and 0.2 million options and restricted shares were issued The following is a summary of restricted stock activity under the plans for the years ended December 31, 2021 and 2020: ​ ​ ​ ​ ​ Restricted Stock ​ ​ Number of Shares ​ (In thousands) Unvested restricted stock at January 1, 2020 159 Less restricted stock vested (32) Less restricted stock forfeited/expired (64) Unvested restricted stock at December 31, 2020 63 Less restricted stock vested (63) Unvested restricted stock at December 31, 2021 — ​ No grants were made during the year ending December 31, 2021 and 2020. During the years ended December 31, 2021 and 2020, approximately 0.06 million and 0.03 million shares of restricted stock vested, respectively. There were no forfeitures of restricted stock during the year ended December 31, 2021 and approximately forfeitures of 0.06 million shares of restricted stock during the years ended December 31, 2020. The fair market value of restricted shares for stock-based compensation expense is equal to the closing price of our common stock on the date of grant. The restrictions on the stock award are released generally over four years for senior management and over one year for board members. Stock-based compensation expense includes $0.2 million for the years ended December 31, 2021 and 2020, respectively for restricted stock. Of the restrictions on the stock awards granted during the periods ended March 31, 2017 and June 30, 2017, 20% was released in January 2018, and 10% annually beginning on the one-year anniversary of their offering thereafter for four years. The remaining 40% will be released evenly over four years beginning in 2018 contingent upon the attainment of annual performance goals established by our Board of Directors. Of the restrictions on the stock awards granted during the third quarter, the fourth quarter and the period ended December 31, 2017, respectively, one-fourth The following is a summary of stock option activity under the plans for the years ended December 31, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Number of ​ Weighted - ​ Remaining ​ Aggregate ​ ​ Shares ​ Average ​ Contractual ​ Intrinsic Value ​ (in thousands) Exercise Price Term (Years) (in thousands) Options outstanding at January 1, 2020 ​ 438 ​ $ 5.69 ​ 6.51 ​ $ — Less options forfeited/cancelled (92) ​ 5.29 ​ Less options expired (3) ​ 2.86 ​ Options outstanding at December 31, 2020 343 ​ $ 5.82 5.62 ​ $ — Less options forfeited/cancelled (56) ​ 4.31 ​ Options outstanding at December 31, 2021 287 ​ $ 6.11 4.37 ​ $ — Options exercisable at December 31, 2021 287 ​ $ 6.11 4.37 ​ $ — ​ The following is a summary of stock options outstanding under the plans as of December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock Options Outstanding ​ Stock Options Exercisable ​ ​ ​ ​ ​ ​ ​ ​ Weighted Avg. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ Contractual ​ Weighted Avg. ​ Number of ​ Weighted Avg. Range of Exercise Prices Shares Life (years) Exercise Price Shares Exercise Price $ 4.11 ​ $ 4.31 ​ 7,857 ​ 0.01 ​ $ 4.11 ​ 7,857 ​ $ 4.11 $ 4.32 ​ $ 4.55 100,000 5.83 ​ $ 4.50 100,000 ​ $ 4.50 $ 4.56 ​ $ 4.94 50,000 5.92 ​ $ 4.60 50,000 ​ $ 4.60 $ 4.95 ​ $ 8.41 59,551 3.07 ​ $ 6.09 59,551 ​ $ 6.09 $ 8.42 ​ $ 10.90 69,600 2.75 ​ $ 9.75 69,600 ​ $ 9.75 ​ There are no unrecognized compensation costs as of December 31, 2021, as all stock options and restricted stock were fully vested as of December 31, 2021. There were no exercises for the years ended December 31, 2021, and 2020. The total fair value of stock awards vested was $0.4 million and $0.3 million during the years ended December 31, 2021 and 2020, respectively. There was no cash received from stock option exercises for the years ended December 31, 2021 and 2020. There were no net settlement exercises during the years ended December 31, 2021 and 2020. We have issued 0.2 million shares of stock related to restricted stock awards since the balance sheet date. Employee Stock Purchase Plan Under the Employee Stock Purchase Plan (“ESPP”), we are authorized to issue up to 0.55 million shares of our common stock to full-time employees, nearly all of whom are eligible to participate. Under the terms of the ESPP, employees may elect to have up to 15% of their gross compensation withheld through payroll deduction to purchase our common stock, capped at $25,000 annually and no more than 0.01 million shares per offering period. The purchase price of the stock is 85% of the lower of the market price at the beginning or end of each three-month participation period. As of December 31, 2021, there were less than 0.1 million shares available for purchase. For the years ended December 31, 2021 and 2020, there was no compensation expense recorded associated with grants under the ESPP which includes the fair value of the look-back feature of each grant as well as the 15% discount on the purchase price. This expense fluctuates each period primarily based on the level of employee participation. We did not receive any cash from our employee stock purchase plan for the years ended December 31, 2021 and 2020. We did not issue any shares related to the ESPP for the years ended December 31, 2021 and 2020.

BENEFIT PLANS

BENEFIT PLANS	12 Months Ended
	Dec. 31, 2021
BENEFIT PLANS
BENEFIT PLANS	NOTE 8 — BENEFIT PLANS We have established a defined contribution retirement plan for our employees under section 401(k) of the Internal Revenue Code (the “401(k) Plan”) that is available to all U.S. employees 21 years of age or older with a month of service. Beginning in 2012, we adopted a Safe Harbor 401(k) requiring us to contribute 3% of the employee’s compensation for each eligible employee, regardless of whether the employee chooses to participate in the plan. All employee contributions are fully vested immediately and employer contributions vest over a period of three years.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2021
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 9 — EARNINGS PER SHARE Basic earnings (loss) per share is computed by dividing income available to common stockholders by the weighted average number of shares of common stock outstanding during the period, including common stock issuable under participating securities. Diluted earnings (loss) per share is computed using the weighted average number of shares of common stock outstanding, plus all potentially dilutive common stock equivalents using the treasury stock method. Common stock equivalents consist of stock options and restricted stock. The following is the reconciliation of the numerators and denominators of the basic and diluted earnings (loss) per share computations (in thousands except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Basic earnings (loss) per common share: ​ ​ ​ ​ Net loss from continuing operations ​ $ (3,432) ​ $ (2,922) Net income from discontinued operations ​ 20,877 ​ 3,565 Basic weighted average shares outstanding ​ 12,245 ​ 12,187 Basic loss per common share from continuing operations ​ $ (0.28) ​ $ (0.24) Basic earnings per common share from discontinued operations ​ $ 1.70 ​ $ 0.29 ​ ​ ​ ​ ​ ​ ​ Diluted earnings (loss) per common share: ​ ​ Net loss from continuing operations ​ $ (3,432) ​ $ (2,922) Net income from discontinued operations ​ $ 20,877 ​ $ 3,565 Weighted average shares outstanding ​ 12,245 ​ 12,187 Effect of dilutive securities - options and restricted stock ​ 13 ​ 84 Diluted weighted average shares outstanding ​ 12,258 ​ 12,271 Diluted loss per common share from continuing operations ​ $ (0.28) ​ $ (0.24) Diluted earnings per common share from discontinued operations ​ $ 1.70 ​ $ 0.29 ​ Weighted average options to purchase approximately 0.3 million and 0.4 million shares of common stock equivalents for the years ended December 31, 2021 and 2020, respectively, were excluded from the computation of diluted weighted average shares outstanding because the effect would have been anti-dilutive since their exercise prices were greater than the average market value of our common stock for the period.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2021
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 10 — COMMITMENTS AND CONTINGENCIES (a) Under ASC 842, operating lease expense is generally recognized evenly over the term of the lease. The Company has operating leases primarily consisting of facilities with remaining lease terms of less than one year. We lease office and operating facilities under non-cancelable operating leases. Current facility leases include our offices in Englewood, Colorado and New York, New York. Total rent expense consisted of short-term lease expense of $0.1 million for the years ended December 31, 2021 and 2020. There was no sublease rental income for the years ended December 31, 2021 and 2020. Leases with an initial term of twelve months or less are not recorded on the consolidated balance sheet. We did not have leases that had terms of greater than 12 months for the years ended December 31, 2021 and 2020. (b) As permitted under Delaware law, we have agreements with officers and directors under which we agree to indemnify them for certain events or occurrences while the officer or director is, or was, serving at our request in this capacity. The term of the indemnification period is indefinite. There is no limit on the amount of future payments we could be required to make under these indemnification agreements; however, we maintain Director and Officer insurance policies, as well as an Employment Practices Liability Insurance Policy, that may enable us to recover a portion of any amounts paid. As a result of our insurance policy coverage, we believe the estimated fair value of these indemnification agreements is minimal. Accordingly, there were no liabilities recorded for these agreements as of December 31, 2021 or 2020. (c) From time to time, we are involved in various legal matters arising in the normal course of business. On October 15, 2019, the Company’s former Chief Executive Officer filed a lawsuit in the Superior Court of New Jersey against us. That suit sought $3.5 million for claims of libel, harm of lost employment opportunities, severance payments and benefits that he would have been entitled to receive had he been terminated without cause. The Company engaged legal counsel through its insurance carrier. The Company decided that it was prudent to avoid further legal fees and disruption to the business caused by an on-going litigation claim. Therefore, to resolve amicably and discontinue disputes regarding all claims arising from the lawsuit and with the denial of every allegation of wrongdoing, in June 2021, a settlement and mutual general release was agreed to that included payment of $0.6 million by the Company. Our insurance carrier has agreed to contribute $0.3 million toward the settlement. Settlement was paid in full in July 2021 and is included in other income, net from continuing operations.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2021
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 11 — SUBSEQUENT EVENTS Entry into Management Agreement with CIDM II LLC On January 21, 2022, the Company entered into a Management Agreement (the “Management Agreement”) with CIDM II LLC (the “Manager”). Pursuant to the Management Agreement, the Manager will, subject to the Company’s Board of Directors (“Board”) and the Investment Committee of the Board, (i) provide the Company with advisory services with respect to the management and allocation of investments in equity and debt securities (“Assets”) of the Company and its subsidiaries and (ii) exercise discretionary management authority over the Company’s trading portfolio of publicly traded securities. The Management Agreement may be terminated by either party upon thirty days; written notice. The Manager will receive compensation for performance under the Management Agreement consisting of a management fee of 2% of the fair market value of the Assets and a performance fee in respect of each Performance Period shall be equal to 20% of the appreciation of end-of-year net asset value. The Manager is also entitled to payment or reimbursement of certain administrative costs and expenses incurred in connection with the management of the Assets, such as custodial fees, brokerage commissions and similar fees and expenses. The Manager shall be responsible for all of its operating expenses. The Manager is obligated to indemnify the Company and its affiliates from any and all losses, claims, demands, actions or liabilities, including attorney’s fees, related to acts or omissions of the Manager that constitute bad faith, fraud, willful misconduct, negligence, breach of the Management Agreement or fiduciary duty, or violation of applicable law. The Company is obligated to indemnify the Manager from liabilities, obligations, losses, damages, suits and expenses related to the Company’s material breach of the Management Agreement. The Management Agreement is subject to various covenants and representations of the Manager and the Company.

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Organization	Organization Following the sale of its assets in December 2021, the Company is currently a research and development organization with two initial areas of product focus, each of which are in a research-oriented pre-release mode. The two areas of focus are in the application of self-learning algorithms as well as the symbolic tagging and organizing of physical objects. On December 9, 2021, we received a letter from the NASDAQ regarding the Equity Purchase Agreement and the two Software Purchase Agreements entered into by the Company pursuant to which we sold all of our assets. The staff requested certain information from the Company regarding its on-going business. We provided a response to the staff on January 7, 2022. We received a follow up request from the NASDAQ for additional information and we provided a response to the staff on February 15, 2022. Evolving Systems provided software solutions and services throughout the world. The COVID-19 global outbreak caused instability and volatility in multiple markets where our clients conduct business. We leveraged our ability to provide support remotely resulting in limited effect on our day to day operations. The inability to travel had delayed interactions with our clients on projects and in the traditional modes of sales development as well as limited our interactions with prospective M&A targets. We believe our current liquidity and funds from our ongoing operations will be sufficient to fund operations and meet the Company’s cash needs for future working capital and capital expenditure requirements for at least the next twelve months from the date of issuance of these consolidated financial statements. In making this assessment, we considered our $39.4
Use of Estimates	Use of Estimates
Principles of Consolidation	Principles of Consolidation
Discontinued Operations	Discontinued Operations
Fair Value Measurements	Fair Value Measurements hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: Level 1 Level 2 Level 3
Cash and Cash Equivalents	Cash and Cash Equivalents
Stock-based Compensation	Stock-based Compensation
Concentration of Credit Risk	Concentration of Credit Risk Cash and cash equivalents were covered under a FDIC program as of December 31, 2021 up to a maximum coverage amount of $0.5 million. Our cash and cash equivalents in excess of FDIC program limits was $38.9 million for the year ended December 31, 2021. All of our cash was covered for the year ended December 31, 2020.
Property and Equipment and Long-Lived Assets	Property and Equipment and Long-Lived Assets We review our long-lived assets, such as property and equipment and purchased intangible assets subject to amortization, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. We evaluate the recoverability of an asset group by comparing its carrying amount to the estimated undiscounted future cash flows expected to be generated by the asset group. If the carrying amount of an asset group exceeds its estimated future cash flows, we recognize an impairment charge as the amount by which the carrying amount of the asset group exceeds the estimated fair value of the asset group.
Income Taxes	Income Taxes We use a recognition threshold and a measurement attribute for financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities.
Leases	Leases
Recently Adopted And Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements Recently Issued Accounting Pronouncements Management has evaluated other recently issued accounting pronouncements and does not believe that any of these pronouncements will have a significant impact on our consolidated financial statements and related disclosures.

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Dec. 31, 2021
DISCONTINUED OPERATIONS
Summary of financial results of the discontinued operations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Revenue ​ $ 26,898 ​ $ 26,352 Costs of revenue ​ (8,759) ​ (8,837) Sales and marketing ​ (5,509) ​ (6,000) General and administrative ​ (2,361) ​ (2,201) Product development ​ (5,291) ​ (4,327) Depreciation ​ (395) ​ (213) Amortization ​ (941) ​ (940) Restructuring ​ (61) ​ — Interest expense ​ (5) ​ — Interest income ​ 10 ​ 14 Other income ​ 301 ​ 175 Foreign currency exchange (loss) income ​ (350) ​ 370 Income tax expense ​ (3,500) ​ (828) Net income from discontinued operations ​ $ 37 ​ $ 3,565 Gain on sale of discontinued operations ​ $ 20,840 ​ $ —
Summary of cash flow information relating to the discontinued operations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Operating cash flow data: ​ ​ ​ ​ ​ ​ Depreciation ​ $ 395 ​ $ 213 Amortization of operating leases — right of use assets ​ ​ 365 ​ ​ 272 Amortization of intangible assets ​ ​ 941 ​ ​ 940 Provision for deferred income taxes ​ ​ 42 ​ ​ (56) Bad debt expense, net of recoveries ​ ​ 88 ​ ​ (92) Investing cash flow data: ​ ​ ​ ​ ​ ​ Purchases of property and equipment ​ ​ (385) ​ ​ (265) ​
Summary of carrying amounts of assets and liabilities of discontinued operations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Assets of discontinued operations: ​ ​ ​ ​ Current assets of discontinued operations: ​ ​ Cash and cash equivalents ​ $ — ​ $ 2,522 Contract receivables, net ​ — ​ 5,681 Unbilled work in progress ​ — ​ 3,365 Prepaid and other current assets ​ — ​ 1,609 Income tax receivable ​ ​ — ​ ​ 270 Total current assets of discontinued operations: ​ — ​ 13,447 Non-current assets of discontinued operations: ​ ​ Property and equipment, net ​ — ​ 527 Operating leases - right of use asset, net ​ ​ ​ 915 Amortizable intangible assets, net ​ — ​ 2,769 Deferred income taxes ​ — ​ 453 Total non-current assets of discontinued operations: ​ — ​ 4,664 Total assets of discontinued operations ​ $ — ​ $ 18,111 ​ ​ ​ ​ ​ ​ ​ Liabilities of discontinued operations: ​ ​ Current liabilities of discontinued operations: ​ ​ Accounts payable and accrued liabilities and income taxes payable ​ $ — ​ $ 3,267 Term loan ​ — ​ 142 Lease obligations, current ​ ​ — ​ ​ 294 Unearned revenue ​ — ​ 3,713 Total current liabilities of discontinued operations: ​ — ​ 7,416 Non-current liabilities of discontinued operations: ​ ​ Lease obligations, net of current ​ — ​ 613 Total non-current liabilities of discontinued operations: ​ — ​ 613 Total liabilities of discontinued operations ​ $ — ​ $ 8,029
Schedule of gain on sale of discontinued operations	​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 Purchase price ​ $ 40,000 Closing adjustments ​ (1,467) Net book value of assets sold ​ (6,461) Transaction costs ​ (864) Currency translation adjustment reclassified from accumulated other comprehensive loss ​ (10,368) Gain on sale of discontinued operations ​ $ 20,840

BALANCE SHEET COMPONENTS (Table

BALANCE SHEET COMPONENTS (Tables)	12 Months Ended
	Dec. 31, 2021
BALANCE SHEET COMPONENTS
Accounts Payable And Accrued Liabilities	The components of accounts payable and accrued liabilities are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Accounts payable and accrued liabilities: ​ ​ ​ ​ Accounts payable ​ $ 83 ​ $ 250 Accrued compensation and related expenses ​ 538 ​ 264 Accrued liabilities ​ 631 ​ 65 ​ ​ $ 1,252 ​ $ 579

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2021
INCOME TAXES
Summary of pre-tax income (loss) on which the provision for income taxes	The components of loss from continuing operations before income taxes consists of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Domestic ​ $ (3,432) ​ $ (2,922) Total ​ $ (3,432) ​ $ (2,922) ​
Summary of expense (benefit) from continuing operations for income taxes	The income tax expense from continuing operations consists of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Current: ​ ​ ​ ​ Federal ​ $ (825) ​ $ (581) State ​ — ​ — Total Current ​ (825) ​ (581) Deferred: ​ ​ Federal ​ 825 ​ 581 Total Deferred ​ 825 ​ 581 Total ​ $ — ​ $ — ​
Summary of significant components of deferred tax assets and liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Deferred tax assets: ​ ​ ​ ​ Foreign tax credits carryforwards $ 3,984 ​ $ 4,493 Net operating loss carryforwards - State ​ 588 ​ 942 Stock compensation ​ — ​ 157 Depreciable assets ​ — ​ 1 Accrued liabilities and reserves ​ — ​ 47 Total deferred tax assets ​ 4,572 ​ 5,640 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: ​ ​ Intangibles ​ — ​ (61) Accrued liabilities and reserves ​ — ​ — Total deferred tax liability ​ — ​ (61) ​ ​ ​ ​ ​ ​ ​ Net deferred tax assets, before valuation allowance ​ 4,572 ​ 5,579 Valuation allowance ​ (4,572) ​ (5,079) Net deferred tax asset ​ $ — ​ $ 500
Summary of income tax expense reconciliation	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 U.S. federal income tax expense at statutory rates ​ $ (721) ​ $ (614) State income tax expense, net of federal impact ​ (28) ​ 7 Change in valuation allowance ​ 825 ​ ​ 581 Permanent differences and other, net ​ (76) ​ 26 Total tax expense ​ $ — ​ $ —

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2021
STOCK-BASED COMPENSATION
Summary Of Stock-Based Compensation Expenses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 General and administrative ​ $ 248 ​ $ 221 Total stock-based compensation ​ $ 248 ​ $ 221
Summary Of Restricted Stock Activity	​ ​ ​ ​ ​ Restricted Stock ​ ​ Number of Shares ​ (In thousands) Unvested restricted stock at January 1, 2020 159 Less restricted stock vested (32) Less restricted stock forfeited/expired (64) Unvested restricted stock at December 31, 2020 63 Less restricted stock vested (63) Unvested restricted stock at December 31, 2021 —
Summary Of Stock Option Activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Number of ​ Weighted - ​ Remaining ​ Aggregate ​ ​ Shares ​ Average ​ Contractual ​ Intrinsic Value ​ (in thousands) Exercise Price Term (Years) (in thousands) Options outstanding at January 1, 2020 ​ 438 ​ $ 5.69 ​ 6.51 ​ $ — Less options forfeited/cancelled (92) ​ 5.29 ​ Less options expired (3) ​ 2.86 ​ Options outstanding at December 31, 2020 343 ​ $ 5.82 5.62 ​ $ — Less options forfeited/cancelled (56) ​ 4.31 ​ Options outstanding at December 31, 2021 287 ​ $ 6.11 4.37 ​ $ — Options exercisable at December 31, 2021 287 ​ $ 6.11 4.37 ​ $ —
Summary Of Stock Option Oustanding By Exercise Price Ranges	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock Options Outstanding ​ Stock Options Exercisable ​ ​ ​ ​ ​ ​ ​ ​ Weighted Avg. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ Contractual ​ Weighted Avg. ​ Number of ​ Weighted Avg. Range of Exercise Prices Shares Life (years) Exercise Price Shares Exercise Price $ 4.11 ​ $ 4.31 ​ 7,857 ​ 0.01 ​ $ 4.11 ​ 7,857 ​ $ 4.11 $ 4.32 ​ $ 4.55 100,000 5.83 ​ $ 4.50 100,000 ​ $ 4.50 $ 4.56 ​ $ 4.94 50,000 5.92 ​ $ 4.60 50,000 ​ $ 4.60 $ 4.95 ​ $ 8.41 59,551 3.07 ​ $ 6.09 59,551 ​ $ 6.09 $ 8.42 ​ $ 10.90 69,600 2.75 ​ $ 9.75 69,600 ​ $ 9.75

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2021
EARNINGS PER SHARE
Summary Of Basic And Diluted Earnings Per Share	The following is the reconciliation of the numerators and denominators of the basic and diluted earnings (loss) per share computations (in thousands except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2020 Basic earnings (loss) per common share: ​ ​ ​ ​ Net loss from continuing operations ​ $ (3,432) ​ $ (2,922) Net income from discontinued operations ​ 20,877 ​ 3,565 Basic weighted average shares outstanding ​ 12,245 ​ 12,187 Basic loss per common share from continuing operations ​ $ (0.28) ​ $ (0.24) Basic earnings per common share from discontinued operations ​ $ 1.70 ​ $ 0.29 ​ ​ ​ ​ ​ ​ ​ Diluted earnings (loss) per common share: ​ ​ Net loss from continuing operations ​ $ (3,432) ​ $ (2,922) Net income from discontinued operations ​ $ 20,877 ​ $ 3,565 Weighted average shares outstanding ​ 12,245 ​ 12,187 Effect of dilutive securities - options and restricted stock ​ 13 ​ 84 Diluted weighted average shares outstanding ​ 12,258 ​ 12,271 Diluted loss per common share from continuing operations ​ $ (0.28) ​ $ (0.24) Diluted earnings per common share from discontinued operations ​ $ 1.70 ​ $ 0.29

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Disposed by sale	12 Months Ended
	Dec. 31, 2021USD ($)agreement
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of software purchase agreements | agreement	2
Aggregate purchase price	$ 40,000,000
Cash proceeds	36,032,899
Additional consideration placed in escrow	$ 2,500,000

ORGANIZATION AND SUMMARY OF S_4

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Cash and cash equivalents	$ 39,445	$ 241
Working Capital	37,700
Maximum coverage amount of FDIC program	500
Cash and cash equivalents not under any FDIC program	$ 38,900

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details) - Disposed by sale	12 Months Ended
	Dec. 31, 2021USD ($)agreement
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of software purchase agreements | agreement	2
Aggregate purchase price	$ 40,000,000
Aggregate purchase price payable in cash	37,500,000
Additional consideration placed in escrow	2,500,000
Cash proceeds	$ 36,032,899

DISCONTINUED OPERATIONS - Finan

DISCONTINUED OPERATIONS - Financial results of the discontinued operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Financial results of the discontinued operations
Income tax expense	$ 3,500	$ 828
Net income from discontinued operations	20,877	3,565
Gain on sale of discontinued operations	20,840
Disposed by sale
Financial results of the discontinued operations
Revenue	26,898	26,352
Costs of revenue	(8,759)	(8,837)
Sales and marketing	(5,509)	(6,000)
General and administrative	(2,361)	(2,201)
Product development	(5,291)	(4,327)
Depreciation	(395)	(213)
Amortization	(941)	(940)
Restructuring	(61)
Interest expense	(5)
Interest income	10	14
Other income	301	175
Foreign currency exchange (loss) income	(350)	370
Income tax expense	(3,500)	(828)
Net income from discontinued operations	37	$ 3,565
Gain on sale of discontinued operations	$ 20,840

DISCONTINUED OPERATIONS - Non c

DISCONTINUED OPERATIONS - Non cash items and capital expenditures for the discontinued operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investing cash flow data:
Cash and cash equivalents per balance sheet		$ 241
Cash and cash equivalents classified within current assets of discontinued operations		2,522
Ending cash and cash equivalents balance per statement of cash flows	$ 39,445	2,763	$ 3,076
Disposed by sale
Operating cash flow data:
Depreciation and amortization	395	213
Foreign currency transaction (loss) income	365	272
Gain on PPP loan forgiveness	941	940
Provision for deferred income taxes	42	(56)
Bad debt expense, net of recoveries	88	(92)
Investing cash flow data:
Purchases of property and equipment	$ (385)	$ (265)

DISCONTINUED OPERATIONS - Carry

DISCONTINUED OPERATIONS - Carrying amounts of assets and liabilities of discontinued operations (Details) $ in Thousands	Dec. 31, 2020USD ($)
Current assets of discontinued operations:
Total current assets of discontinued operations:	$ 13,447
Non-current assets of discontinued operations:
Total non-current assets of discontinued operations:	4,664
Current liabilities of discontinued operations:
Total current liabilities of discontinued operations:	7,416
Non-current liabilities of discontinued operations:
Total non-current liabilities of discontinued operations:	613
Disposed by sale
Current assets of discontinued operations:
Cash and cash equivalents	2,522
Contract receivables, net	5,681
Unbilled work in progress	3,365
Prepaid and other current assets	1,609
Income tax receivable	270
Total current assets of discontinued operations:	13,447
Non-current assets of discontinued operations:
Property and equipment, net	527
Operating leases - right of use asset, net	915
Amortizable intangible assets, net	2,769
Deferred income taxes	453
Total non-current assets of discontinued operations:	4,664
Total assets of discontinued operations	18,111
Current liabilities of discontinued operations:
Accounts payable and accrued liabilities and income taxes payable	3,267
Term loan	142
Lease obligations, current	294
Unearned revenue	3,713
Total current liabilities of discontinued operations:	7,416
Non-current liabilities of discontinued operations:
Lease obligations, net of current	613
Total non-current liabilities of discontinued operations:	613
Total liabilities of discontinued operations	$ 8,029

DISCONTINUED OPERATIONS - Gain

DISCONTINUED OPERATIONS - Gain on sale of discontinued operations (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of discontinued operations	$ 20,840
Disposed by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price	40,000
Closing adjustments	(1,467)
Net book value of assets sold	(6,461)
Transaction costs	(864)
Currency translation adjustment reclassified from accumulated other comprehensive loss	(10,368)
Gain on sale of discontinued operations	$ 20,840

BALANCE SHEET COMPONENTS - Acco

BALANCE SHEET COMPONENTS - Accounts Payable And Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
BALANCE SHEET COMPONENTS
Accounts payable	$ 83	$ 250
Accrued compensation and related expenses	538	264
Accrued liabilities	631	65
Total accounts payable and accrued liabilities	$ 1,252	$ 579

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - Paycheck Protection Program Loan - USD ($)	Apr. 15, 2020	May 20, 2021
Debt Instrument [Line Items]
Proceeds from PPP loan	$ 318,900
Forgiveness amount of loan, principal		$ 318,900
Forgiveness amount of loan, interest		$ 3,543
Minimum [Member]
Debt Instrument [Line Items]
Loans and accrued interest, forgivable period	56 days
Maximum [Member]
Debt Instrument [Line Items]
Loans and accrued interest, forgivable period	168 days

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income tax expense	$ 0	$ 0
Income before income tax expense	4,600,000	4,600,000
Federal NOL	0	0
Foreign tax credits carryforwards	$ 3,984,000	$ 4,493,000
Effective income tax rate	21.00%	21.00%
Unrecognized tax benefits	$ 0	$ 0
Excess tax benefit from employee stock plan awards	0	$ 0
State [Member]
State NOLs	$ 16,200,000
State [Member] | Minimum [Member]
Operating loss carryforwards expiration year	2022
State [Member] | Maximum [Member]
Operating loss carryforwards expiration year	2037

INCOME TAXES - Pre-tax income (

INCOME TAXES - Pre-tax income (loss) on which the provision for income taxes (Details) - Continuing operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Domestic	$ (3,432)	$ (2,922)
Total	$ (3,432)	$ (2,922)

INCOME TAXES - Expense (benefit

INCOME TAXES - Expense (benefit) from continuing operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Total tax expense	$ 0	$ 0
Continuing operations
Current Federal	(825)	(581)
Total Current	(825)	(581)
Deferred Federal	825	581
Total Deferred	$ 825	$ 581

INCOME TAXES - Significant comp

INCOME TAXES - Significant components of our deferred tax assets and liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Foreign tax credits carryforwards	$ 3,984	$ 4,493
Net operating loss carryforwards - State	588	942
Stock compensation		157
Depreciable assets		1
Accrued liabilities and reserves		47
Total deferred tax assets	4,572	5,640
Deferred tax liabilities:
Intangibles		(61)
Total deferred tax liability		(61)
Net deferred tax assets, before valuation allowance	4,572	5,579
Valuation allowance	$ (4,572)	(5,079)
Net deferred tax asset		$ 500

INCOME TAXES - Income Tax Expen

INCOME TAXES - Income Tax Expense Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
INCOME TAXES
U.S. federal income tax expense at statutory rates	$ (721)	$ (614)
State income tax expense, net of federal impact	(28)	7
Change in valuation allowance	825	581
Permanent differences and other, net	(76)	26
Total tax expense	$ 0	$ 0

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
STOCKHOLDERS' EQUITY
Accrued dividends	$ 0	$ 0
Treasury stock, shares	178,889	178,889
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares outstanding	0	0
Anti-takeover provisions period	3 years

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($)	1 Months Ended		12 Months Ended
	Jan. 31, 2018	Jun. 30, 2015	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018	Jun. 30, 2016	Jun. 30, 2013	Jun. 30, 2010	Jun. 30, 2007
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense			$ 248,000	$ 221,000
Grant made during the period			0	0
Unrecognized compensation costs			$ 0
2007 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense			$ 200,000	$ 200,000
2016 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant			600,000	500,000
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized			550,000
Maximum employee subscription rate			15.00%
Maximum value of shares per employee			$ 25,000
Maximum number of shares per employee			10,000
Purchase price of stock			85.00%
Discount on the purchase price of stock option			15.00%	15.00%
Cash received from ESPP			$ 0	$ 0
Shares issue related to the ESPP			0	0
Employee stock purchase plan compensation expense			$ 0	$ 0
January 2018 Member [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of restricted stock released	20.00%
One Year Anniversary Of Offering [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of restricted stock released	10.00%					25.00%
Evenly Over Four Years [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of restricted stock released					40.00%
Option [Member] | 2007 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant			0
Shares issued and outstanding			100,000	200,000
Option [Member] | 2016 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued and outstanding			100,000	200,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Forfeiture of restricted stock			0
Restricted Stock [Member] | 2007 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued and outstanding			100,000	200,000
Restricted Stock [Member] | 2016 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued and outstanding				200,000
Stock Incentive Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted			0	0
Fair value of stock awards vested			$ 400,000	$ 300,000
Cash received from exercise of stock options			$ 0	$ 0
Net settlement exercises			0	0
Maximum [Member] | 2007 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized		2,000,000							1,500,000	1,250,000	1,000,000
Option expiration period		10 years
Maximum [Member] | 2016 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized							850,000	250,000
Option expiration period			10 years
Maximum [Member] | Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for purchase under ESPP			100,000
Maximum [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares restricted stock vested			$ 200,000
Senior Management [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares restricted stock vested			$ 60,000	$ 30,000
Forfeiture of restricted stock				60,000
Vested period for stock awards granted			4 years
Restricted stock-based compensation expense			$ 200,000	$ 200,000
Board [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested period for stock awards granted			1 year
Director [Member] | 2007 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		1 year
Director [Member] | 2016 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			1 year
Employees [Member] | 2007 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		4 years
Employees [Member] | 2016 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years

STOCK-BASED COMPENSATION - Summ

STOCK-BASED COMPENSATION - Summary Of Stock-Based Compensation Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	$ 248	$ 221
General And Administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	$ 248	$ 221

STOCK-BASED COMPENSATION - Su_2

STOCK-BASED COMPENSATION - Summary Of Restricted Stock Activity (Details) - Restricted Stock [Member] - shares shares in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Unvested restricted stock, beginning	63	159
Less restricted stock vested	(63)	(32)
Less restricted stock forfeited/expired		(64)
Unvested restricted stock, ending	0	63

STOCK-BASED COMPENSATION - Su_3

STOCK-BASED COMPENSATION - Summary Of Stock Option Activity (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
STOCK-BASED COMPENSATION
Number of Shares, Options outstanding at beginning	343	438
Number of Shares, Less options forfeited/cancelled	(56)	(92)
Number of Shares,Less options expired		(3)
Number of Shares, Options outstanding at ending	287	343	438
Number of Shares, Options exercisable at December 31, 2021	287
Weighted-Average Exercise Price, Options outstanding at beginning	$ 5.82	$ 5.69
Weighted-Average Exercise Price, Less options forfeited/cancelled	4.31	5.29
Weighted-Average Exercise Price, Less options expired		2.86
Weighted-Average Exercise Price, Options outstanding at ending	6.11	$ 5.82	$ 5.69
Weighted-Average Exercise Price, Options exercisable at December 31, 2021	$ 6.11
Weighted-Average Remaining Contractual Term (Years), Options outstanding	4 years 4 months 13 days		6 years 6 months 3 days
Weighted-Average Remaining Contractual Term (Years), Options exercisable at December 31, 2021	4 years 4 months 13 days	5 years 7 months 13 days

STOCK-BASED COMPENSATION - Su_4

STOCK-BASED COMPENSATION - Summary Of Stock Option Outstanding By Exercise Price Ranges (Details)	12 Months Ended
	Dec. 31, 2021$ / sharesshares
$4.11 - $4.31 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range Line Items
Range of Exercise Prices, Lower Range	$ 4.11
Range of Exercise Prices, Upper Range	$ 4.31
Stock Options Oustanding, Number of Shares | shares	7,857
Stock Options Outstanding, Weighted Average Remaining Contractual Life(Years)	3 days
Stock Options Outstanding, Weighted Exercise Price	$ 4.11
Stock Options Exercisable, Number of Shares | shares	7,857
Stock Options Exercisable, Weighted Exercise Price	$ 4.11
$4.32 - $4.55 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range Line Items
Range of Exercise Prices, Lower Range	4.32
Range of Exercise Prices, Upper Range	$ 4.55
Stock Options Oustanding, Number of Shares | shares	100,000
Stock Options Outstanding, Weighted Average Remaining Contractual Life(Years)	5 years 9 months 29 days
Stock Options Outstanding, Weighted Exercise Price	$ 4.50
Stock Options Exercisable, Number of Shares | shares	100,000
Stock Options Exercisable, Weighted Exercise Price	$ 4.50
$4.56 - $4.94 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range Line Items
Range of Exercise Prices, Lower Range	4.56
Range of Exercise Prices, Upper Range	$ 4.94
Stock Options Oustanding, Number of Shares | shares	50,000
Stock Options Outstanding, Weighted Average Remaining Contractual Life(Years)	5 years 11 months 1 day
Stock Options Outstanding, Weighted Exercise Price	$ 4.60
Stock Options Exercisable, Number of Shares | shares	50,000
Stock Options Exercisable, Weighted Exercise Price	$ 4.60
$4.95 - $8.41 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range Line Items
Range of Exercise Prices, Lower Range	4.95
Range of Exercise Prices, Upper Range	$ 8.41
Stock Options Oustanding, Number of Shares | shares	59,551
Stock Options Outstanding, Weighted Average Remaining Contractual Life(Years)	3 years 25 days
Stock Options Outstanding, Weighted Exercise Price	$ 6.09
Stock Options Exercisable, Number of Shares | shares	59,551
Stock Options Exercisable, Weighted Exercise Price	$ 6.09
$8.42 - $10.90 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range Line Items
Range of Exercise Prices, Lower Range	8.42
Range of Exercise Prices, Upper Range	$ 10.90
Stock Options Oustanding, Number of Shares | shares	69,600
Stock Options Outstanding, Weighted Average Remaining Contractual Life(Years)	2 years 9 months
Stock Options Outstanding, Weighted Exercise Price	$ 9.75
Stock Options Exercisable, Number of Shares | shares	69,600
Stock Options Exercisable, Weighted Exercise Price	$ 9.75

BENEFIT PLANS (Details)

BENEFIT PLANS (Details)	12 Months Ended
	Dec. 31, 2021
BENEFIT PLANS
Employer contribution requirement, percentage	3.00%
Employer contribution vesting period	3 years

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Common Stock
Shares excluded from the dilutive stock calculation	0.3	0.4

EARNINGS PER SHARE - Summary Of

EARNINGS PER SHARE - Summary Of Basic And Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Basic earnings per common share:
Net loss from continuing operations	$ (3,432)	$ (2,922)
Net income from discontinued operations	20,877	3,565
Net income from discontinued operations	$ 20,877	$ 3,565
Weighted average basic shares outstanding	12,245	12,187
Basic loss per common share from continuing operations	$ (0.28)	$ (0.24)
Basic earnings per common share from discontinued operations	$ 1.70	$ 0.29
Diluted earnings per common share:
Net loss from continuing operations	$ (3,432)	$ (2,922)
Net income from discontinued operations	20,877	3,565
Net income from discontinued operations	$ (3,432)	$ (2,922)
Weighted average shares outstanding	12,245	12,187
Effect of dilutive securities - options and restricted stock	13	84
Diluted weighted average shares outstanding	12,258	12,271
Diluted loss per common share from continuing operations	$ (0.28)	$ (0.24)
Diluted earnings per common share from discontinued operations	$ 1.70	$ 0.29

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Oct. 15, 2019	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Other Commitments [Line Items]
Remaining lease terms			1 year
Short-term lease expense			$ 100,000	$ 100,000
Sublease rental income			0	0
Litigation, amount seeking	$ 3,500,000
Litigation settlement and mutual general release, amount agreed to pay to the other party		$ 600,000
Litigation settlement, paid by insurance carrier		$ 300,000
Indemnification Agreement | Insurance Policy Coverage
Other Commitments [Line Items]
Liabilities			$ 0	$ 0

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	12 Months Ended
	Dec. 31, 2021
SUBSEQUENT EVENTS
Percentage of management fee on fair market value of the Assets and performance fee	2.00%
Percentage of appreciation of net assets value	20.00%