Over the long term we intend to invest in engineering, sales, service and marketing activities, and in key priority and growth areas, and these investments may achieve delayed, or lower than expected, benefits which could harm our operating results. While we intend to focus on managing our costs and expenses, over the long term, we also intend to invest in personnel and other resources related to our engineering, sales, service and marketing functions as we realign on and dedicate resources on key priority and growth areas. We are likely to recognize the costs associated with these investments earlier than some of the anticipated benefits, and the return on these investments may be lower, or may develop more slowly, than we expect. If we do not achieve the benefits anticipated from these investments (including if our selection of areas for investment does not play out as we expect), or if the achievement of these benefits is delayed, our operating results may be adversely affected.

We have made and may continue to make acquisitions that could disrupt our operations and harm our operating results. Our growth depends upon market growth, our ability to enhance our existing products, and our ability to introduce new products on a timely basis. We ~~intend to continue to~~may address the need to develop new products and enhance existing products through acquisitions of other companies, product lines, technologies, and personnel. Acquisitions involve numerous risks, including the following:

•Difficulties in integrating the operations, systems, technologies, products and personnel of the acquired companies, particularly companies with large and widespread operations and/or complex ~~products~~products;

•Diversion of management’s attention from normal daily operations of the business and the challenges of managing larger and more widespread operations resulting from ~~acquisitions~~acquisitions;

•Potential difficulties in completing projects associated with in-process research and development ~~intangibles~~intangibles;

•Difficulties in entering markets in which we have no or limited direct prior experience and where competitors in such markets have stronger market ~~positions~~positions;

•Initial dependence on unfamiliar supply chains or relatively small supply ~~partners~~partners;

•Insufficient revenue to offset increased expenses associated with acquisitions; and

•The potential loss of key employees, customers, distributors, vendors and other business partners of the companies we acquire following and continuing after announcement of acquisition ~~plans~~plans.

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Acquisitions may also cause us to:

•Issue common stock that would dilute our current shareholders’ percentage ownership;

•Use a substantial portion of our cash resources, or incur debt;

•Significantly increase our interest expense, leverage and debt service requirements if we incur additional debt to pay for an acquisition;

•Assume liabilities;

•Record goodwill and intangible assets that are subject to impairment testing on a regular basis and potential periodic impairment charges’

•Incur amortization expenses related to certain intangible assets;

•Incur tax expenses related to the effect of acquisitions on our legal structure;

•Reduce the utilization of, and the timing of utilization, of the federal and state net operating loss carryforwards;

•Incur large write-offs and restructuring and other related expenses; or

•Become subject to intellectual property or other litigation.

Mergers and acquisitions of high-technology companies are inherently risky and subject to many factors outside of our control, and no assurance can be given that our previous or future acquisitions will be successful and will not materially adversely affect our business, operating results, or financial condition. Failure to manage and successfully integrate acquisitions could materially harm our business and operating results. Prior acquisitions have resulted in a wide range of outcomes, from successful introduction of new products and technologies to a failure to do so. Even when an acquired company has already developed and marketed products, there can be no assurance that product enhancements will be made in a timely fashion or that pre-acquisition due diligence will have identified all possible issues that might arise with respect to such products. In addition, our effective tax rate for future periods is uncertain and could be impacted by mergers and acquisitions. Risks related to new product development also apply to acquisitions.

If our actual liability for sales and use taxes and federal regulatory fees is different from our accrued liability, it could have a material impact on our financial condition. Each state has different rules and regulations governing sales and use taxes, and these rules and regulations are subject to varying interpretations that may change over time. We review these rules and regulations periodically and, when we believe our services are subject to sales and use taxes in a particular state, we voluntarily engage state tax authorities in order to determine how to comply with their rules and regulations. Vendors of services, like us, are typically held responsible by taxing authorities for the collection and payment of any applicable sales taxes and federal fees. If one or more taxing authorities determines that taxes should have, but have not, been paid with respect to our services, we may be liable for past taxes in addition to taxes going forward. Liability for past taxes may also include very substantial interest and penalty charges. Our customer contracts provide that our customers must pay all applicable sales taxes and fees. Nevertheless, customers may be reluctant to pay back taxes and may refuse responsibility for interest or penalties associated with those taxes. If we are required to collect and pay back taxes and the associated interest and penalties, and if our customers fail or refuse to reimburse us for all or a portion of these amounts, we will have incurred unplanned expenses that may be substantial. Moreover, imposition of such taxes on our services going forward will effectively increase the cost of such services to our customers and may adversely affect our ability to retain existing customers or to gain new customers in the areas in which such taxes are imposed. We may also become subject to tax audits or similar procedures in states where we already pay

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sales and use taxes. The assessment of taxes, interest, and penalties as a result of audits, litigation, or otherwise could be materially adverse to our current and future results of operations and financial condition.

The terms of the Series F Preferred Stock could limit our growth and our ability to finance our operations, fund our capital needs, respond to changing conditions and engage in other business activities that may be in our best interests. The Certificate of Designations for the Series F Preferred Stock contains a number of affirmative and negative covenants regarding matters such as the payment of dividends, maintenance of our properties and assets, transactions with affiliates, and our ability to issue other indebtedness. No assurances can be given that we will be able to comply with the financial or other covenants contained in the Certificate of Designations. If we are unable to comply with certain terms in the Certificate of Designations:

• dividends will accrue on the Series F Preferred Stock at 20% per annum;

• the holders of the Series F Preferred Stock could foreclose against our assets; and/or

• we could be forced into bankruptcy or liquidation.

Our ability to comply with these covenants may be adversely affected by events beyond our control, and we cannot assure you that we can maintain compliance with these covenants. The financial covenants could limit our ability to make needed expenditures or otherwise conduct necessary or desirable business activities.

Risks Related to Cybersecurity and Regulations

Cyber-attacks, data ~~breaches~~ incidents, malware, or ~~malware~~an intrusion into our physical security systems may disrupt our business operations, result in the loss of critical and confidential information, harm our operating results and financial condition, and damage our reputation; and cyber-attacks or data ~~breaches~~incidents on our customers’ networks, or in cloud-based services provided by or enabled by us, could result in claims of liability against us, damage our reputation or otherwise harm our business. In the ordinary course of providing video communications services, we transmit sensitive and proprietary information of our customers. We are dependent on the proper function, availability and security of our information systems, including without limitation those systems utilized in our operations. We have undertaken measures to protect the safety and security of our inventory and our information systems and the data maintained within those systems, and on an annual basis, we test the adequacy of our security measures. Despite our implementation of security measures, there can be no assurance our safety and security measures will detect and prevent security ~~breaches~~incidents in a timely manner or otherwise prevent damage or interruption of our systems and ~~operations.~~operations or inventory theft. The products and services we sell to customers, and our servers, data centers and the cloud-based solutions on which our data, and data of our customers, suppliers and business partners are stored, are vulnerable to improper functioning, cyber-attacks, data ~~breaches,~~incidents, malware, and similar disruptions from unauthorized access or tampering by malicious actors or inadvertent error. Any such event could compromise our products, services and networks or those of our customers, and the proprietary information stored on our systems or those of our customers could be improperly accessed, processed, disclosed, lost or stolen, which could subject us to liability to our

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customers, suppliers, business partners and others, give rise to legal/regulatory action, and could have a material adverse effect on our business, operating results, and financial condition and may cause damage to our reputation. A security incident at any one of our physical facilities, such as that which occurred during 2022, could result in a significant loss of inventory, or increase expenses relating to the resolution and future prevention of similar thefts, any of which could have an adverse effect on our business, financial condition, and results of operations. Efforts to limit the ability of malicious actors to disrupt the operations of the Internet or undermine our own security efforts may be costly to implement and meet with resistance, and may not be successful. ~~Breaches of security~~Cybersecurity incidents in our customers’ networks, or in cloud-based services provided by or enabled by us, regardless of whether the ~~breach~~incident is attributable to a vulnerability in our products or services, could result in claims of liability against us, damage our reputation, or otherwise harm our business.

Vulnerabilities and critical security defects, prioritization decisions regarding remedying vulnerabilities or security defects, failure of ~~third party~~third-party providers to remedy vulnerabilities or security defects, or customers not deploying security releases or deciding not to upgrade products, services or solutions could result in claims of liability against us, damage our reputation or otherwise harm our business. The products and services we sell to customers ~~and our cloud-based solutions,~~ inevitably contain vulnerabilities or critical security defects which have not been remedied and cannot be disclosed without compromising security. We may also make prioritization decisions in determining which vulnerabilities or security defects to fix, and the timing of these fixes, which could result in an exploit that compromises security. Customers also need to test security releases before they can be deployed which can delay implementation. In addition, we rely on third-party providers of software and cloud-based service, and we cannot control the rate at which they remedy vulnerabilities. Customers may also not deploy a security release or decide not to upgrade to the latest versions of our products, services or cloud-based solutions containing the release, leaving them vulnerable. Vulnerabilities and critical security defects, prioritization errors in remedying vulnerabilities or security defects, failure of third-party providers to remedy vulnerabilities or security defects, or customers not deploying security releases or deciding not to

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upgrade products, services or solutions could result in claims of liability against us, damage our reputation or otherwise harm our business.

Our business, operating results and financial condition could be materially harmed by regulatory uncertainty applicable to our products and services. Changes in regulatory requirements applicable to the industries in which we operate, in the United States and in other countries, could materially affect the sales of our products and services. In particular, changes in telecommunications regulations could impact our service provider customers’ purchase of our products and offers, and they could also impact sales of our own regulated offers. In addition, evolving legal requirements restricting or controlling the collection, processing, or cross-border transmission of data, including regulation of cloud-based services, could materially affect our customers’ ability to use, and our ability to sell, our products and offers. Additional areas of uncertainty that could impact sales of our products and offers include laws and regulations related to encryption technology, environmental sustainability, export control, product certification and national security controls applicable to our supply chain. Changes in regulatory requirements in these areas could have a material adverse effect on our business, operating results, and financial condition.

Our network could fail, which could negatively impact our revenues. Our success depends upon our ability to deliver reliable, high-speed access to our channels’ and customers’ data centers and upon the ability and willingness of our telecommunications providers to deliver reliable, high-speed telecommunications service through their networks. Our network and facilities, and other networks and facilities providing services to us, are vulnerable to damage, unauthorized access, or cessation of operations from human error and tampering, breaches of security, fires, earthquakes, severe storms, power losses, telecommunications failures, software defects, intentional acts of vandalism including computer viruses, and similar events. The occurrence of a natural disaster or other unanticipated problems at the network operations center, key sites at which we locate routers, switches and other computer equipment that make up the backbone of our service offering and hosted infrastructure, or at one or more of our partners’ data centers, could substantially and adversely impact our business. We cannot ensure that we will not experience failures or shutdowns relating to individual facilities or even catastrophic failure of the entire network or hosted infrastructure. Any damage to, or failure of, our systems or service providers could result in reductions in, or terminations of, services supplied to our customers, which could have a material adverse effect on our business and results of operations.

Our network depends upon telecommunications carriers who could limit or deny us access to their network or fail to perform, which would have a material adverse effect on our business. We rely upon the ability and willingness of certain telecommunications carriers and other corporations to provide us with reliable high-speed telecommunications service through their networks. If these telecommunications carriers and other corporations decide not to continue to provide service to us through their networks on substantially the same terms and conditions (including, without limitation, price, early termination liability, and installation interval), if at all, it would have a material adverse effect on our business, financial condition, and results of operations. Additionally, many of our service level objectives are dependent upon satisfactory performance by our telecommunications carriers. If they fail to so perform, it may have a material adverse effect on our business.

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Risks Related to Intellectual Property

Our failure to obtain or maintain the right to use certain intellectual property may negatively affect our business. Our future success and competitive position depend in part upon our ability to obtain and maintain certain proprietary intellectual property to be used in connection with our services. While we are not currently engaged in any intellectual property litigation, we could become subject to lawsuits in which it is alleged that we have infringed the intellectual property rights of others, or we could commence lawsuits against others who we believe are infringing upon our rights.

Third parties, including customers, may in the future assert claims or initiate litigation related to exclusive patent, copyright, trademark, and other intellectual property rights to technologies and related standards that are relevant to us. Because of the existence of a large number of patents in the networking field, the secrecy of some pending patents, and the rapid rate of issuance of new patents, it is not economically practical or even possible to determine in advance whether a product or any of its components infringes or will infringe on the patent rights of others. The asserted claims and/or initiated litigation can include claims against us or our manufacturers, suppliers, or customers, alleging infringement of their proprietary rights with respect to our existing or future products or components of those products. Regardless of the merit of these claims, they can be time-consuming, result in costly litigation, and ~~Where~~where claims are made by customers, resistance even to unmeritorious claims could damage customer relationships.

An adverse outcome as a defendant in any such litigation may result in impacts to the Company including, but not limited to:

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•Payment of substantial damages;

•Diversion of technical and management personnel;

•Cessation of the use, development, or sale of services that infringe upon patented intellectual property;

•Entrance into license agreements; and

•Expending significant resources to develop or acquire a non-infringing technology.

There can be no assurance that that we would be successful in such litigation, that development or licenses will be available on acceptable terms and conditions, if at all, or that our indemnification by our suppliers will be adequate to cover our costs if a claim were brought directly against us or our customers. Furthermore, because of the potential for high court awards that are not necessarily predictable, it is not unusual to find even arguably unmeritorious claims settled for significant amounts. If any infringement or other intellectual property claim made against us by any third party is successful, if we are required to indemnify a customer with respect to a claim against the customer, or if we fail to develop non-infringing technology or license the proprietary rights on commercially reasonable terms and conditions, our business, operating results, and financial condition could be materially and adversely affected. Our exposure to risks associated with the use of intellectual property may be increased as a result of acquisitions, as we have a lower level of visibility into the development process with respect to such technology or the care taken to safeguard against infringement risks.

An adverse outcome as plaintiff in any such litigation, in addition to the costs involved, may, among other things, result in the loss of the intellectual property (such as a patent) that was the subject of the lawsuit by a determination of invalidity or unenforceability, significantly increase competition as a result of such determination, and require the payment of penalties resulting from counterclaims by the defendant.

We may not be able to protect the rights to, or enforce, our intellectual property. We generally rely on patents, copyrights, trademarks, and trade secret laws to establish and maintain proprietary rights in our technology and products. We have been issued numerous patents, other patent applications are currently pending, and some of our intellectual property is not covered by any patent. AsIf we further develop our services and related intellectual property, we expect to seek additional patent protection. Our patent position is subject to complex factual and legal issues that may give rise to uncertainty as to the validity, scope and enforceability of a particular patent. Accordingly, we cannot assure that any of the patents owned by us or other patents that other parties license to us in the future will not be invalidated, circumvented, challenged, rendered unenforceable or licensed to others; any of our pending or future patent applications will be issued with the breadth of claim coverage sought by it, if issued at all; or any patents owned by or licensed to us, although valid, will not be dominated by a patent or patents to others having broader claims. Furthermore, many key aspects of networking technology are governed by industry-wide standards, which are usable by all market entrants, and there can be no assurance that patents will be issued from pending applications or that claims allowed on any patents will be sufficiently broad to protect our technology. Additionally, the laws of some foreign countries may not protect our proprietary rights to the same extent as do the laws of the United States. The outcome of any actions taken in these foreign countries may be different than if such actions were determined under the laws of the United States. Although we are not dependent on any individual patent or group of patents for particular segments of the business for which we compete, if we are unable to protect our proprietary rights to the totality of the features (including

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aspects of products protected other than by patent rights) in a market, we may find ourselves at a competitive disadvantage to others who need not incur the substantial expense, time and effort required to create innovative products that have enabled us to be successful.

Failure to protect our existing intellectual property rights may result in the loss of our exclusivity or the right to use our technologies. If we do not adequately ensure our freedom to use certain technology, we may have to pay others for rights to use their intellectual property, pay damages for infringement or misappropriation and/or be enjoined from using such intellectual property.

We also seek to protect our proprietary intellectual property, including intellectual property that may not be patented or patentable, in part by confidentiality agreements. We cannot ensure that these agreements will not be breached, that we will have adequate remedies for any breach or that such persons will not assert rights to intellectual property arising out of these relationships.

A number of our solutions incorporate software provided under ~~open source~~open-source licenses which may restrict or impose certain obligations on how we use or distribute our solutions or subject us to various risks and challenges, which could result in increased development expenses, delays or disruptions to the release or distribution of those solutions, inability to protect our intellectual property rights and increased competition. Certain significant components of our solutions incorporate or are based upon ~~open source~~open-source software, and we may incorporate ~~open source~~open-source software into other solutions in the future. Such ~~open source~~open-source software is generally licensed under ~~open source~~open-source licenses, including, for example, the GNU General Public

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License, the GNU Lesser General Public License, "Apache-style" licenses, "BSD-style" licenses and other ~~open source~~open-source licenses. The use of ~~open source~~open-source software subjects us to a number of risks and challenges, including, but not limited to:

•If ~~open source~~open-source software programmers, most of whom we do not employ, do not continue to develop and enhance open source technologies, our development expenses could increase and our product release and upgrade schedules could be delayed.

•~~Open source~~Open-source software is open to further development or modification by anyone. As a result, others may develop such software to be competitive with our platform and may make such competitive software available as open source. It is also possible for competitors to develop their own solutions using ~~open source~~open-source software, potentially reducing the demand for, and putting price pressure on, our solutions.

•The licenses under which we license certain types of ~~open source~~open-source software may require that, if we modify the open source software we receive, we are required to make such modified software and other related proprietary software of ours publicly available without cost and on the same terms. In addition, some ~~open source~~open-source licenses appear to be permissive in that internal use of the open source software is allowed, but prohibit commercial uses, or treat provision of cloud services as triggering the requirement to make proprietary software publicly available. Accordingly, we monitor our use of ~~open source~~open-source software in an effort to avoid subjecting our proprietary software to such conditions and others we do not intend. Although we believe that we have complied with our obligations under the various applicable licenses for ~~open source~~open-source software that we use, our processes used to monitor how ~~open source~~open-source software is used could be subject to error. In addition, there is little or no legal precedent governing the interpretation of terms in most of these licenses and licensors sometimes change their license terms. Therefore, any improper usage of ~~open source,~~open-source, including a failure to identify changes in license terms, could result in unanticipated obligations regarding our solutions and technologies, which could have an adverse impact on our intellectual property rights and our ability to derive revenue from solutions incorporating the open source software.

•If an author or other third party that distributes such ~~open source~~open-source software were to allege that we had not complied with the conditions of one or more of these licenses, we could be required to incur legal expenses defending against such allegations, or engineering expenses in developing a substitute solution.

If we are unable to successfully address the challenges of integrating offerings based upon ~~open source~~open-source technology into our business, our business and operating results may be adversely affected and our development costs may increase.

~~Risks Related to Our Business Resulting From the Coronavirus Pandemic~~

~~The coronavirus pandemic is a serious threat to health and economic well-being affecting our employees, investors, customers, and other business partners.~~ On March 11, 2020, the World Health Organization announced that infections of the novel Coronavirus (COVID-19) had become pandemic, and on March 13, 2020, the U.S. President announced a National Emergency relating to the disease. During 2020, 2021 and through the date of this Report, widespread infection in the United States and abroad prompted National, state, and local authorities to require or recommend social distancing and impose quarantine and isolation measures on large portions of the population, including mandatory business closures. These measures, while intended to protect human life, have had serious adverse impacts on domestic and foreign economies, and these impacts

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could continue, in various degrees of severity and for an uncertain duration. The long-term effectiveness of economic stabilization efforts, including government payments to affected citizens and industries is uncertain.

The sweeping nature of the pandemic makes it extremely difficult to predict how the Company’s business and operations will be affected in the longer run, but the pandemic materially affected our revenue and results of operations for the years ended December 31, 2020 and 2021, as we experienced delayed orders in our distribution channels as a direct result of customer implementation schedules shifting due to the ongoing COVID-19 pandemic. The extent to which the coronavirus impacts our results will depend on future developments, which are highly uncertain and cannot be predicted, including new information that may emerge concerning the severity of the coronavirus and the actions to contain the coronavirus or treat its impact, among others. Moreover, the coronavirus outbreak has had indeterminable adverse effects on general commercial activity and the world economy, and our business and results of operations could be adversely affected to the extent that this coronavirus or any other epidemic harms the global economy generally and/or the markets in which we operate specifically.

Further, our current and potential customers may likely be required to continue to allocate resources and adjust budgets to accommodate potential contingencies related to the effects of the coronavirus and measures required to be put in place to prevent and contain contamination of the virus. An existing major customer of the Company suspended certain professional services we provided to the customer effective April 30, 2020, due to COVID-19. These services accounted for $1.0 million, or 9%, of the Company’s revenue for the year ended December 31, 2020. Uncertainties resulting from COVID-19 may result in additional customers delaying budget expenditures or re-allocating resources, which would result in a decrease in orders from these customers. Any such decrease in orders from these customers could cause a material adverse effect on our operations and financial results and our ability to generate positive cash flows. Further, our current service offerings and our future growth may be minimized to a point that would be detrimental to our business development activities.

Any of the foregoing factors, or other cascading effects of the coronavirus pandemic that are not currently foreseeable, could materially increase our costs, negatively impact our sales and damage the company’s results of operations and its liquidity position, possibly to a significant degree. The duration of any such impacts cannot be predicted.

A material disruption in our workplace as a result of the coronavirus could affect our ability to carry on our business operations in the ordinary course and may require additional cost and effort should our employees continue to not be able to be physically on-premises. While many of our employees work remotely in the ordinary course, other employees work from our offices. Should we continue to experience periods where it is not prudent for some or all of these employees to be physically present on-site, we may not have the benefit of the time and skills of such employees or we may be required to adjust our current business operations and processes to permit some or all of such employees to work remotely in order to avoid the potential spread of the virus. In addition, for a currently indeterminate amount of time we may be forced to continue to suspend all non-essential travel for our employees and discourage employee attendance at industry events and in-person work-related meetings. We can offer no assurances that these adjustments would not cause material disruptions to our daily operations or require us to expend our time, energy and resources to make necessary adjustments, and they therefore may result in a material adverse effect on our sales, research and development and other critical areas of our business model.

Risks to Owning Our Common Stock

Our stock price has fluctuated in the past, has recently been volatile and may be volatile in the future, and as a result, investors in our common stock could incur substantial losses. Historically, our common stock has experienced substantial price volatility, particularly as a result of variations between our actual financial results and the published expectations of analysts and as a result of announcements by our competitors and us. Furthermore, speculation in the press or investment community about our strategic position, financial condition, results of operations, business, and security of our products or significant transactions can cause changes in our stock price. In addition, the stock market has experienced extreme price and volume fluctuations that have affected the market price of many technology companies, in particular, and that have often been unrelated to the operating performance of these companies. These factors, as well as general economic and political conditions and the announcement of proposed and completed acquisitions or other significant transactions, or any difficulties associated with such transactions, by us or our current or potential competitors, may materially adversely affect the market price of our common stock in the future. The market price for our common stock may be influenced by many factors, including the following:

•conversions of Series F Preferred Stock into common stock and the subsequent sales of common stock;

•investor reaction to our business strategy;

•the success of competitive products or technologies;

•our ~~continued compliance~~ability to comply with the continued listing standards of the ~~Nasdaq;~~Nasdaq Capital Market;

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•regulatory or legal developments in the United States and other countries, especially changes in laws or regulations applicable to our products;

•variations in our financial results or those of companies that are perceived to be similar to us;

•our ability or inability to raise additional capital and the terms on which we raise it;

•declines in the market prices of stocks generally;

•trading volume of our common stock;

•conversions of Series F Preferred Stock into common stock and the subsequent sales of common stock;

•sales of our common stock by us or our stockholders;

•general economic, industry and market conditions;

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•the transformation of our business to deliver more software and subscriptions offerings where revenue is recognized over time;

•fluctuations in demand for our products and services, especially with respect to distributors and partners, in part due to changes in the global economic environment;

•the introduction and market acceptance of new technologies and products, and our success in new evolving markets, and in emerging technologies, as well as the adoption of new standards;

•the ability of our customers, channel partners, contract manufacturers and suppliers to obtain financing or to fund capital expenditures, especially during a period of global credit market disruption or in the event of customer, channel partner, contract manufacturer or supplier financial problem;

•the overall movement toward industry consolidation among both our competitors and our customers;

•changes in sales and implementation cycles for our products and reduced visibility into our customers’ spending plans and associated revenue;

•the timing, size and mix of orders from customers;

•manufacturing and customer lead times;

•how well we execute on our strategy and operating plans and the impact of changes in our business model that could result in significant restructuring charges;

•our ability to achieve targeted cost reductions;

•benefits anticipated from our investments;

•changes in tax law or accounting rules, or interpretations thereof;

•actual events, circumstances, outcomes and amounts differing from judgments, assumptions and estimates used in determining the values of certain assets (including the amounts of related valuation allowances), liabilities, and other items reflected in our Consolidated Financial Statements; ~~and~~

•other events or factors, including those resulting from such events, or the prospect of such events, including war, terrorism and other international conflicts, public health issues including health epidemics or pandemics, such as the outbreak of COVID-19, and natural disasters such as fire, hurricanes, earthquakes, tornados or other adverse weather and climate conditions, whether occurring in the United States or elsewhere, could disrupt our operations, disrupt the operations of our suppliers or result in political or economic ~~instability.~~instability; and

•the failure of any bank and the resulting economic uncertainty caused by such failures.

These broad market and industry factors may seriously harm the market price of our common stock, regardless of our operating performance. Since the stock price of our common stock has fluctuated in the past, has been recently volatile and may be volatile in the future, investors in our common stock could incur substantial losses. In the past, following periods of volatility in the market, securities class-action litigation has often been instituted against companies. Such litigation, if instituted against us, could result in substantial costs and diversion of management’s attention and resources, which could materially and adversely affect our business, financial condition, results of operations and growth prospects. There can be no guarantee that our stock price will remain at current prices or that future sales of our common stock will not be at prices lower than those sold to investors.

Throughout much of our corporate history, our common stock has been thinly traded, and therefore has therefore been susceptible to wide price swings. While our common stock has recently experienced increased trading volume, we cannot ensure that this level of trading volume will continue, or that the increased trading volumes will lessen the historic volatility in the price for our common stock. Thinly traded stocks are more susceptible to significant and sudden price changes and the liquidity of our common stock depends upon the presence in the marketplace of willing buyers and sellers. At any time, the liquidity of our common stock may decrease to the thinly traded levels it has experienced in the past, and we cannot ensure that any holder of our securities will be able to find a buyer for its shares. Further, we cannot ensure that an organized public market for our securities will continue or that there will be any private demand for our common stock.

Additionally, recently, securities of certain companies have experienced significant and extreme volatility in stock price due short sellers of shares of common stock, known as a “short squeeze.” These short squeezes have caused extreme volatility in those companies and in the market and have led to the price per share of those companies to trade at a significantly inflated rate that is disconnected from the underlying value of the company. Many investors who have purchased shares in those companies at an inflated rate face the risk of losing a significant portion of their original investment as the price per share has

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declined steadily as interest in those stocks have abated. While we have no reason to believe our shares would be the target of a short squeeze, there can be no assurance that we will not be in the future, and you may lose a significant portion or all of your investment if you purchase our shares at a rate that is significantly disconnected from our underlying value.

Penny stock regulations may impose certain restrictions on the marketability of our securities. The SEC has adopted regulations which generally define a “penny stock” to be any equity security that has a market price less than $5.00 per share, subject to certain exceptions. Our common stock is presently subject to these regulations, which impose additional sales

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practice requirements on broker-dealers who sell such securities to persons other than established customers and accredited investors (generally those with a net worth in excess of $1,000,000 or annual income exceeding $200,000, or $300,000 together with their spouse). For transactions covered by these rules, the broker-dealer must make a special suitability determination for the purchase of such securities and have received the purchaser’s written consent to the transaction prior to the purchase. Additionally, for any transaction involving a “penny stock,” unless exempt, the rules require the delivery, prior to the transaction, of a risk disclosure document mandated by the SEC relating to the “penny stock” market. The broker-dealer must also disclose the commission payable to both the broker-dealer and the registered representative, current quotations for the securities and, if the broker-dealer is the sole market maker, the broker-dealer must disclose this fact and the broker-dealer’s presumed control over the market. Finally, monthly statements must be sent disclosing recent price information for the “penny stock” held in the account and information on the limited market in “penny stocks.” Consequently, the “penny stock” rules may restrict the ability of broker-dealers to sell our securities and may negatively affect the ability of purchasers of our shares of common stock to sell such securities.

Future operating results may vary from quarter to quarter, and we may fail to meet the expectations of securities analysts and investors at any given time. We have experienced, and may continue to experience, significant quarterly fluctuations in operating results. Factors that cause fluctuation in our results of operations include lack of revenue growth or declines in revenue and declines in gross margins and increases in operating expenses. Accordingly, it is possible that in one or more future quarters our operating results will be adversely affected and fall below the expectations of securities analysts and investors. If this happens, the trading price of our common stock may decline.

Sales of substantial amounts of common stock in the public market, or the perception that such sales may occur, could reduce the market price of our common stock and make it more difficult for us and our stockholders to sell our equity securities in the future. The sale into the public market of a significant number of shares of common stock by our existing shareholders, or the resale into the public market of shares issued in prior or future financings, could depress the trading price of our common stock and make it more difficult for us or our stockholders to sell equity securities in the future. Such transactions may include, but are not limited to (i) conversions of Series F Preferred Stock into common stock and the subsequent sales of such common stock, (ii) any future issuances by us of additional shares of our common stock or of other securities that are convertible or exchangeable for shares of common stock; and ~~(ii)~~(iii) the resale of any previously issued but restricted shares of our common stock that become freely available for re- sale, whether through an effective registration statement or under Rule 144 of the Securities Act.

While the sale of shares to the public might increase the trading volume of our common stock and thus the liquidity of our stockholders’ investments, the resulting increase in the number of shares available for public sale could drive the price of our common stock down, thus reducing the value of our stockholders’ investment and perhaps hindering our ability to raise additional funds in the future.

The issuance of the securities in the March 2023 private placement significantly diluted the ownership interest of the existing holders of our common stock, and the market price of our common stock has declined significantly as a result of sales of such securities into the public market by the private placement investors and subsequent investors or the perception that such sales may occur. Our existing holders of common stock have been significantly diluted by the issuance of the securities in the March 31, 2023 private placement. Our public float was significantly increased and the market price of our common stock has declined significantly as a result of subsequent sales of the shares of common stock obtained from conversions of Series F Preferred Stock issued in the private placement.

In addition, the exercise price or conversion price of these securities may be at prices below the current and/or then trading prices of shares of our common stock or at prices below the price at which our existing shareholders purchased our common stock. The private placement investors may potentially make a significant profit with the resale of the securities depending on the trading price of our securities at the time of a sale and the purchase price of such securities by them. While the private placement investors may experience a positive rate of return based on the trading price of our securities, the existing holders of our common stock may not experience a similar rate of return on the shares of common stock they purchased due to differences in the applicable purchase price and trading price.

We ~~will~~might need to raise additional capital by issuing securities or debt, which may cause significant dilution to our stockholders and restrict our operations. We believe that our existing cash and cash equivalents will ~~need to raise additional capital~~be sufficient to fund our ~~near~~operations and meet our working capital requirements for at least the next 12 months from the filing date of this Report with the SEC. However, we believe additional capital will be required in the long-term, ~~operations.~~to fund operations and provide growth capital including potential strategic alternatives and investments in technology, product development, and sales and marketing. Additional financing may not be available when we need it or may not be available on favorable terms. To the extent that we raise additional capital by issuing equity securities, the terms of such an issuance may cause more significant dilution to our

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stockholders’ ownership, and the terms of any new equity securities may have preferences over the combined organization’s common stock. Any debt financing we enter into may involve covenants that restrict our operations. These restrictive covenants may include limitations on additional borrowing and specific restrictions on the use of our assets, as well as prohibitions on our ability to create liens, pay dividends, redeem stock or make investments.

Our charter documents and Delaware law could discourage takeover attempts and lead to management entrenchment. The Company’s certificate of incorporation and amended and restated bylaws contain provisions that could delay or prevent a change in control of the company. These provisions could also make it difficult for stockholders to elect directors that are not nominated by the current members of the board of directors or take other corporate actions, including effecting changes in the Company’s management. These provisions include:

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•no cumulative voting in the election of directors, which limits the ability of minority stockholders to elect director candidates;

•the ability of our board of directors to issue shares of preferred stock and to determine the price and other terms of those shares, including preferences and voting rights, without stockholder approval, which could be used to significantly dilute the ownership of a hostile acquirer;

•the exclusive right of our board of directors to elect a director to fill a vacancy created by the expansion of our board of directors or the resignation, death or removal of a director, which prevents stockholders from being able to fill vacancies on its board of directors;

•the requirement that a special meeting of stockholders may be called only by the chairman of our board of directors or a majority of our board of directors, which could delay the ability of our stockholders to force consideration of a proposal or to take action, including the removal of directors;

•the ability of our board of directors, by majority vote, to amend the Company’s amended and restated bylaws, which may allow our board of directors to take additional actions to prevent an unsolicited takeover and inhibit the ability of an acquirer to amend the amended and restated bylaws to facilitate an unsolicited takeover attempt; and

•advance notice procedures with which stockholders must comply to nominate candidates to our board of directors or to propose matters to be acted upon at a stockholders’ meeting, which may discourage or deter a potential acquirer from conducting a solicitation of proxies to elect the acquirer’s own slate of directors or otherwise attempting to obtain control of the Company.

We could fail to satisfy the standards to maintain our listing on a stock exchange. ~~We could fail to satisfy the standards for continued exchange listing~~Our Common Stock is listed on ~~the~~The Nasdaq Capital ~~Market such as standards having~~Market. In order to ~~do with~~maintain that listing, we must satisfy minimum financial and other continued listing requirements and standards. Previously, on September 21, 2023, we received a minimum share price, the minimum number of public shareholders, a minimum amount of stockholders’ equity or the aggregate market value of publicly held shares. On February 17, 2022, the Company received written notice (the "Notice")letter from the listing qualifications staff of Nasdaq ~~Stock Market, LLC ("Nasdaq") indicating~~providing notification that the bid price for ~~the Company's common stock (the "Common Stock"),~~our Common Stock had closed below $1.00 per share for the ~~last~~previous 30 consecutive business days ~~had closed below~~and our Common Stock no longer met the ~~minimum $1.00 per share and, as a result, the Company is not in compliance with the $1.00~~ minimum bid price requirement for ~~the~~ continued listing ~~on the Nasdaq Capital Market, as set forth in~~under Nasdaq Listing Rule 5550(a)(2). In accordance with ~~the~~ Nasdaq Listing Rule 5810(c)(3)(A), ~~the Company has a~~we were provided an initial period of 180 calendar days, or until ~~August 16, 2022,~~March 19, 2024, in which to regain ~~compliance with the minimum bid price requirement.~~compliance. To regain compliance, the closing bid price of ~~the~~our Common Stock must meet or exceed $1.00 per share for a minimum of ~~ten~~10 consecutive business days at any time before the expiration of the initial compliance period.

In the event that we are unable to regain compliance with Rule 5550(a)(2) during ~~this 180 day period. If~~ the ~~Company is not in~~initial compliance ~~by August 16, 2022, the Company~~period, Nasdaq rules provide that we may ~~qualify~~be eligible for ~~a second~~an additional 180 calendar day compliance period. IfTo qualify, we need to meet the ~~Company does not qualify~~continued listing requirement for ~~or fails~~market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the minimum bid price requirement, and to ~~regain compliance~~provide written notice of our intention to cure the deficiency during the second compliance period ~~then the Nasdaq will notify the Company of its determination to delist its Common Stock, at which point the Company would have an option to appeal the delisting determination to~~by effecting a ~~Nasdaq hearings panel.~~reverse stock split, if necessary. The Company ~~intends to actively monitor~~believes that we will receive the ~~closing bid price of its Common Stock and may, if appropriate, consider implementing available options to regain compliance with~~extension, though there can be no assurances.

In the ~~minimum bid price under the Nasdaq Listing Rules. If~~event that we are unable to ~~maintain~~establish compliance, or again become non-compliant, with Rule 5550(a)(2) or other continued listing requirements of Nasdaq and cannot re-establish compliance within the required timeframe, our ~~listing on the~~Common Stock could be delisted from The Nasdaq Capital Market, it would negatively affect, among other things (i) our ability to raise capital on terms we deem advisable, or at all, and (ii) the liquidity of our common stock. Failure to obtain financing, or obtaining financing on unfavorable terms,which could ~~result in a decrease in our stock price, would~~ have a material adverse effect on ~~future operating prospects~~our financial condition and which may cause the value of our Common Stock to decline. If our Common Stock is not eligible for listing or quotation on another market or exchange, trading of our Common Stock could ~~require~~be conducted in the over-the-counter market or on an electronic bulletin board established for unlisted securities such as the Pink Sheets or the OTC Bulletin Board. In such event, it would become more difficult to dispose of, or obtain accurate price quotations for, our Common Stock, and there would likely be a reduction in our coverage by security analysts and the news media, which could cause the price of our Common Stock to decline further. In addition, it may be difficult for us to ~~significantly reduce operations. Any holder~~raise additional capital if we are not listed on a national securities exchange.

While Nasdaq rules do not impose a specific limit on the number of times a listed company may effect a reverse stock split to maintain or regain compliance with Listing Rule 5810(c)(3)(A), Nasdaq has stated that a series of reverse stock splits may

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undermine investor confidence in securities listed on Nasdaq. Accordingly, Nasdaq may determine that it is not in the public interest to maintain our listing, even if we regain compliance with Listing Rule 5810(c)(3)(A) as a result of any reverse stock split. In addition, Nasdaq Listing Rule 5810(c)(3)(A)(iv) states that any listed company that fails to meet Listing Rule 5810(c)(3)(A) after effecting one or more reverse stock splits over the prior two-year period with a cumulative ratio of 250 shares or more to one, then the company will not be eligible for an automatic 180-day grace compliance period and the Nasdaq Listing Qualifications Department is obligated to immediately issue a delisting determination.

Our authorized reverse stock split may decrease the liquidity of the shares of our ~~securities should regard them as~~Common Stock. On December 4, 2023, the Company’s stockholders approved a ~~long-term investment~~proposal to amend Article FOURTH of the Company’s certificate of incorporation to effect a reverse stock split of the Company’s issued and ~~should~~outstanding shares of Common Stock by a ratio ranging from 1-for-10 to 1-for-45. Our Board of Directors now has the authority to determine whether to implement a reverse stock split and to select the reverse stock split ratio from the range approved by the Company’s stockholders. The Board expects to authorize the consummation of the reverse stock split only if and to the extent necessary to meet the listing requirements of the Nasdaq Capital Market. The liquidity of the shares of our Common Stock may be ~~prepared~~affected adversely by the reverse stock split given the reduced number of shares that are outstanding following the reverse stock splits. In addition, the reverse stock split may increase the number of stockholders who own odd lots (less than 100 shares) of our Common Stock, creating the potential for such stockholders to ~~bear~~experience an increase in the ~~economic risk~~cost of ~~an investment in~~selling their shares and greater difficulty effecting such ~~securities for an indefinite period.~~sales.

General Risks

We incur significant accounting and administrative costs as a publicly traded corporation that impact our financial condition. As a publicly traded corporation, we incur certain costs to comply with regulatory requirements. If regulatory requirements were to become more stringent or if controls thought to be effective later fail, we may be forced to make additional expenditures, the amounts of which could be material. Some of our competitors are privately owned so their comparatively lower accounting and administrative costs can be a competitive disadvantage for us. Should our sales continue to decline or if we are unsuccessful at increasing prices to cover higher expenditures for internal controls and audits, ~~ours~~our costs associated with regulatory compliance will rise as a percentage of sales.

Our cash and cash equivalents could be adversely affected if the financial institutions in which we hold our cash and cash equivalents fail. Actual events involving limited liquidity, defaults, non-performance or other adverse developments that affect financial institutions, transactional counterparties or other companies in the financial services industry or the financial services industry generally, or concerns or rumors about any events of these kinds or other similar risks, have in the past and may in the future lead to market-wide liquidity problems. If we ~~fail~~were unable to ~~maintain an effective system~~access all or a significant portion of ~~internal controls,~~the amounts we have deposited at financial institutions for any extended period of time, we may not be able to ~~accurately report~~pay our ~~financial results~~operational expenses or ~~prevent fraud. As a result, current and potential stockholders may not be confident in our financial reporting, which could adversely affect the price of our stock and harm our business.~~ ~~Pursuant to Section 404 of the Sarbanes-Oxley Act of 2002,~~make other payments until we are ~~required~~able to ~~include~~move our funds to accounts at one or more other financial institutions, which process could cause a temporary delay in making payments to our annual report on Form 10-K our assessment of the effectiveness of our internal controls over financial reporting. Although we believe that we currently have adequate internal control procedures in place, we cannot be certain that our internal controls over financial reporting will remain effective. If we cannot adequately maintain the effectiveness of our internal controls over financial reporting, we may be subject to liability and/or sanctions or investigation by

~~-25-~~

~~regulatory authorities, such as the SEC. Any such action could adversely affect our financial results~~vendors and ~~the market price of our common stock.~~employees and cause other operational challenges.

Item 1B. Unresolved Staff Comments

None.

Item 1C. Cybersecurity

Cybersecurity Risk Management and Strategy

We have a multilayered framework for detecting, and responding to reasonably foreseeable cybersecurity risks and threats. To protect our information technology (“IT”), systems from cybersecurity threats, we use various tools that help prevent, detect, escalate, investigate, resolve, and recover from identified vulnerabilities and security incidents in a timely manner. In the event of a material change to our systems or operations, we would assess the internal and external threats to the security, confidentiality, integrity, and availability of our data and systems, along with other material risks to our operations. We leverage technical safeguards intended to protect the Company’s information systems from cybersecurity threats, including firewalls, threat monitoring, intrusion prevention and detection systems, anti-malware, access controls, privilege management, network segmentation, asset and end point management, and ongoing system security assessments. We oversee third-party service providers by conducting vendor diligence and reviews on a regular basis. We monitor and evaluate our cybersecurity posture and performance on an ongoing basis through regular network scans, system audits, and assessing intelligence feeds. The results of these assessments are used to improve our security posture through remediation efforts.

We have developed an incident management process designed to coordinate the activities to prepare to respond and recover from cybersecurity incidents, which include processes to triage, assess severity, investigate, escalate, contain, and remediate an incident, as well as to comply with potentially applicable legal obligations and mitigate any reputational damage.

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Our business strategy, results of operations, and financial condition have not been materially affected as a result of previously identified cybersecurity incidents, but we cannot provide assurance that they will not be materially affected in the future by such risks or any future material incidents. For more information on our cybersecurity-related risks, see “Item 1A, Risk Factors” in this Annual Report.

Governance

Oblong’s IT team is responsible for assessing and managing cybersecurity risks and has a depth of experience focused on increasing the organization's resilience to security threats and stays current on new developments through monitoring of the cybersecurity landscape. Oblong’s IT environment is monitored for potential security threats and security events are investigated and acted on to minimize potential risk to the environment.

Oblong’s Audit Committee engages in oversight of Oblong's cybersecurity risks and receives regular updates from management on technology and security updates and Oblong’s assessment of cybersecurity threats and mitigation plans. The Audit Committee oversees the processes over internal controls and financial reporting that includes controls and procedures that are designed to ensure that significant cybersecurity incidents are communicated to both senior management and the Audit Committee. In the event of a material cybersecurity incident affecting our IT systems or data management, the Audit Committee would promptly work to formulate a mitigation plan and review compliance with such plan, as well as to ensure compliance with any external regulatory or disclosure requirements, including any disclosures of material cybersecurity incidents.

Item 2. Properties

~~We lease three facilities in Los Angeles, California, one facility in Dallas, Texas, and one facility in Austin, Texas, all providing office space. We also lease~~As of December 31, 2023, we leased a facility in City of Industry, California, providing warehouse space. ~~These leases expire between 2022 and~~This lease expired in February 2024. During ~~2021,~~2023, and through the date of this filing, we exited the City of Industry, CA lease as well as leases in ~~Munich, Germany; Los Altos, California;~~Austin, TX and ~~Boston, Massachusetts. Although subject to COVID restrictions, we currently occupy two of the facilities in~~ Los Angeles, ~~and~~CA. We are currently in the process of securing a warehouse ~~space~~facility in, ~~City of Industry; we have subleases~~or around, Denver, CO. During the interim, our inventory is being stored in ~~place for the~~a secured third ~~Los Angeles property and the Dallas property.~~party location. With the exception of ~~these spaces~~warehouse space described above, we currently operate out of remote employment sites with a remote office located at ~~25587 Conifer Road,~~110 16th Street, Suite ~~105-231, Conifer, Colorado 80433.~~1400-1024, Denver, CO 80202. For additional information regarding our obligations under leases, see Note 98 - Operating ~~Leases~~Lease Liabilities and Right-of-Use Assets to the ~~consolidated financial statements~~Consolidated Financial Statements contained in Part II, Item 8 of this Annual Report.

Item 3. Legal Proceedings

From time to time, we are subject to various legal proceedings arising in the ordinary course of business, including proceedings for which we have insurance coverage. As of the date hereof, we are not party to any legal proceedings that we currently believe will have a material adverse effect on our business, financial position, results of operations or liquidity.

Item 4. Mine Safety Disclosures

Not applicable.

PART II

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

Market Information

~~Effective February 11, 2021, the~~The Company’s common stock trades on the Nasdaq Capital Market under the symbol “OBLG.” ~~Prior to February 11, 2021, the Company’s common stock traded on the NYSE American under the symbols “OBLG” and “GLOW”.~~

On March ~~23, 2022,~~8, 2024, the closing sale price of our common stock was ~~$0.54~~$0.16 per share as reported on the Nasdaq Capital Market, and ~~30,816,048~~16,684,571 shares of our common stock were issued and outstanding. As of March ~~23, 2022,~~8, 2024, there were ~~162~~147 holders of record of our common stock. ~~American Stock Transfer & Trust Company, LLC~~Equiniti is the transfer agent and registrar of our common stock.

Dividends

Our board of directors has never declared or paid any cash dividends on our common stock and does not expect to do so for the foreseeable future. We currently intend to retain any earnings to finance the growth and development of our business. Our

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board of directors will make any future determination of the payment of dividends based upon conditions then existing, including our earnings, financial condition and capital requirements, as well as such economic and other conditions as our board of directors may deem relevant.

Recent Sales of Unregistered Securities

~~On January 28, 2021,~~Except as previously reported by us on our Current Reports on Form 8-K, we did not sell any securities during the ~~Company entered into an agreement with~~period covered by this Annual Report that were not registered under the holder of the Series A-2 Preferred Stock to convert all outstanding shares of the Series A-2 Preferred Stock, 45 shares, into 84,292 shares of the Company’s common stock, at a negotiated conversion price of $4.00 per share, after taking into consideration accrued and unpaid dividends. The incremental

~~-26-~~

~~cost of inducing the conversion was approximately $300,000 and was treated similar to a preferred dividend, increasing the net loss attributable to common stockholders.~~Securities Act.

Item 6. Reserved

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion should be read in conjunction with our consolidated balance sheets as of December 31, ~~2021~~2023 and ~~2020,~~2022, and the related consolidated statements of operations, stockholders’ equity and cash flows for each of the years ended December 31, ~~2021~~2023 and ~~2020,~~2022, and the related notes attached thereto. All statements contained herein that are not historical facts, including, but not limited to, statements regarding anticipated future capital requirements, our future development plans, our ability to obtain debt, equity or other financing, and our ability to generate cash from operations, are based on current expectations. The discussion of results, causes and trends should not be construed to imply any conclusion that such results or trends will necessarily continue in the future.

Business

We are a provider of patented multi-stream collaboration products and managed services for video collaboration and network solutions.

The Company currently operates in two segments: (1) “Collaboration Products,” which represents the business surrounding our

~~We believe there is a substantial market opportunity for Oblong Industries’~~Mezzanine™ product offerings, and (2) “Managed Services,” which represents the business surrounding managed services for video collaboration and we are in the process of transforming our offerings to meet the evolving needs of our customers. As part of the transformation of our business, we are evolving certain aspects of our model by designing and developing software to include subscription-based offerings. Historically, our technology products and services have been developed and consumed in conventional commercial real estate spaces such as conference rooms. We have experienced decreases in our revenue primarily attributable to the effects of the global COVID-19 pandemic on our channel partners and customers as they evaluate how and when to re-open their commercial real estate footprints. As our core collaboration products evolve, we expect to add more contemporary software features along with expanded accessibility beyond commercial spaces through both hybrid and SaaS offerings delivered in the cloud. These initiatives will require significant investment in technology and product development and sales and marketing. We believe additional capital will be required to fund these investments and our operations. If we do not complete the transformation, or if we fail to manage the transformation successfully and in a timely manner, our revenue, business and operating results may be adversely affected.network solutions.

Mezzanine™ Product Offerings

Our flagship product is called Mezzanine™, a family of turn-key products that enable dynamic and immersive visual collaboration across multi-users, multi-screens, multi-devices, and multi-locations (see further description of Mezzanine™ in Part I, Item 1). Mezzanine™ ~~currently consists~~ allows multiple people to share, control and arrange content simultaneously, from any location, enabling all participants to see the same content in its entirety at the same time in identical formats, resulting in dramatic enhancements to both in-room and virtual videoconference presentations. Applications include video telepresence, laptop and application sharing, whiteboard sharing and slides. Spatial input allows content to be spread across screens, spanning different walls, scalable to an arbitrary number of ~~hardware~~displays and ~~software~~interaction with our proprietary wand device. Mezzanine™ substantially enhances day-to-day virtual meetings with technology that ~~function together~~accelerates decision making, improves communication, and increases productivity. Mezzanine™ scales up to ~~deliver~~support the ~~system’s essential functionality.~~most immersive and commanding innovation centers; across to link labs, conference spaces, and situation rooms; and down for the smallest work groups. Mezzanine’s digital collaboration platform can be sold as delivered systems in various configurations for small teams to total immersion experiences. The family includes the 200 Series (two display screen), 300 Series (three screen), and 600 Series (six screen). We ~~generate revenue from the shipment of~~also sell maintenance and support contracts related to Mezzanine™ ~~products and also through maintenance agreements.~~ .

Historically, customers have used Mezzanine™ products in ~~conventional commercial real estate spaces~~traditional office and operating center environments such as conference ~~rooms.~~ Werooms or other presentation spaces. As discussed below, sales of our Mezzanine product have ~~experienced decreases~~been adversely affected by commercial response to the COVID-19 pandemic and its aftermath. Like many technology companies in ~~Mezzanine™~~recent months, we will continue to monitor and manage our costs relative to demand with the goal of growing the Company’s revenue in ~~2020 and 2021 primarily attributable to~~ the ~~effects of~~future. To the global COVID-19 pandemic on our customers as they evaluate how and when to re-open their commercial real estate footprints. While pre-pandemic momentum suggested end-users were beginning to embrace simple, easy to install, intuitive, and affordable collaboration solutions that integrate with cloud-based collaboration software services,extent we believe new investments in product development, marketing, or sales are warranted as ~~businesses begin to reopen there~~a result of changes in market demand, we believe additional capital will be ~~significant demand for higher forms of engagement that combines robust video conferencing with enhanced content sharing as users adapt~~required to ~~more flexible workplace alternatives.~~ ~~We believe there is a substantial market opportunity for~~fund those efforts and our ~~Mezzanine™~~ ~~product offerings, and we are in the process of transforming our offerings to meet the evolving needs of our customers.~~We are currently designing and developing software offerings for our core collaboration products, with expanded accessibility beyond commercial spaces through both hybrid and software-as-a-service (“SaaS”) solutions delivered in the cloud. ~~These initiatives will require significant investment in technology and product development and sales and marketing.~~ongoing operations.

Managed Services for Video Collaboration

We provide a range of managed services for video collaboration, from automated to orchestrated, to simplify the user experience in an effort to drive adoption of video collaboration throughout our customers’ enterprise. We deliver our services through a hybrid service platform or as a service layer on top of our customers’ video infrastructure. We provide our customers with i) managed videoconferencing, where we set up and manage customer videoconferences and ii) remote service management, where we provide 24/7 support and management of customer video environments.

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Managed Services for Network

We ~~also~~ provide our customers with network solutions that ensure reliable, high-quality and secure traffic of video, data and internet. Network services are offered to our customers on a subscription basis. Our network services business carries variable costs associated with the purchasing and reselling of this connectivity.

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See further description of our managed services in Part I, Item 1. Our managed services are offered to our customers on a subscription basis, and we generate revenue monthly as services are performed over the term of customer agreements. Our managed services business has experienced declines in revenue in recent years mainly due to loss of customers to competition.

Results of Operations

Year Ended December 31, ~~2021~~2023 (“~~2021”~~2023”) versus Year Ended December 31, ~~2020~~2022 (“~~2020”~~2022”)

Segment Reporting

~~As discussed in Part I, Item 1 of this Report, Oblong, Inc. was formed as a Delaware corporation in May 2000.Prior to March 6, 2020, Oblong, Inc. was named Glowpoint, Inc. (“Glowpoint”).~~ On October 1, 2019, the Company closed an acquisition of all of the outstanding equity interests of Oblong Industries, Inc., a privately held Delaware corporation founded in 2006 (“Oblong Industries”), pursuant to the terms of an Agreement and Plan of Merger (as amended, the “Merger Agreement”). Pursuant to the Merger Agreement, among other things, Oblong Industries became a wholly owned subsidiary of the Company (the “Merger”). On March 6, 2020, Glowpoint changed its name to Oblong, Inc. Prior to the acquisition of Oblong Industries on October 1, 2019, the Company operated in one segment. Effective October 1, 2019, the former businesses of Glowpoint (now Oblong, Inc.) and Oblong Industries have been managed separately, and involve different products and services. Accordingly, theThe Company currently operates in two segments for purposes of segment reporting: (1) “Collaboration Products,” which represents the Oblong Industries business surrounding our Mezzanine™ product offerings and (2) “Managed Services,” which represents the Oblong (formerly Glowpoint) business surrounding managed services for video collaboration and network solutions.

Certain information concerning the Company’s segments for the years ended December 31, ~~2021~~2023 and ~~2020,~~2022, is presented in the following table (in thousands):


		For the Year Ended December 31, 2021
		Managed Services			Collaboration Products			Corporate			Total
	Year Ended December 31, 2023																						Year Ended December 31, 2023
	Managed Services																Managed Services			Collaboration Products			Corporate			Total
Revenue	Revenue	$	4,270		$	3,469		$	—		$	7,739
Cost of revenues	Cost of revenues	2,991			2,030			—			5,021
Gross profit	Gross profit	$	1,279		$	1,439		$	—		$	2,718
Gross profit %	Gross profit %	30.0		%	41.5		%	—		%	35.1		%	Gross profit %	34	%		5	%		—	%		24	%

Allocated operating expenses	Allocated operating expenses	$	593		$	7,556		$	—		$	8,149
Allocated operating expenses
Allocated operating expenses
Unallocated operating expenses	Unallocated operating expenses	—			—			6,363			6,363
Total operating expenses	Total operating expenses	$	593		$	7,556		$	6,363		$	14,512

Income (loss) from operations	Income (loss) from operations	$	686		$	(6,117)		$	(6,363)		$	(11,794)
Interest and other income (expense), net		(22)			227			2,448			2,653
Income (loss) from operations
Income (loss) from operations
Interest and other income, net
Income (loss) before income taxes	Income (loss) before income taxes	$	664		$	(5,890)		$	(3,915)		$	(9,141)
Income tax expense	Income tax expense	$	(15)		$	(75)		$	—		$	(90)
Net income (loss)	Net income (loss)	$	679		$	(5,815)		$	(3,915)		$	(9,051)

		As of December 31, 2021
		Year Ended December 31, 2023
		Year Ended December 31, 2023
		Year Ended December 31, 2023
Total assets	Total assets	$	9,259		$	19,348		$	—		$	28,607


Delaware		77-0312442
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

~~25587 Conifer Road,~~110 16th Street, Suite ~~105-231~~1400-1024
~~Conifer,~~Denver, CO		~~80433~~80202
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: ~~(303) 640-3838~~(213) 683-8863 ext. 5

Securities registered pursuant to Section 12(b) of the Exchange Act:
Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.0001 par value	OBLG	Nasdaq Capital Market


Large accelerated filer	☐	Accelerated filer	¨
Non-accelerated filer	☒	Smaller reporting company	☒
		Emerging growth company	☐


		Year Ended December 31, ($ in thousands)
		2021		% of Revenue		2020		% of Revenue
	Year Ended December 31,																											Year Ended December 31,
	2023															2023						% of Revenue						2022				% of Revenue
Revenue: Managed Services	Revenue: Managed Services
Video collaboration services
Video collaboration services
Video collaboration services	Video collaboration services	$	854	11.0	%	$	2,413	15.7	%	$	183			5			5		%				$	334			6		6	%
Network services	Network services	3,347		43.2	%	3,611		23.6	%	Network services		2,301			60				60		%				2,954			54		54	%
Professional and other services	Professional and other services	69		0.9	%	203		1.3	%	Professional and other services		34						1		%				60					1	%
Total Managed Services revenue	Total Managed Services revenue	$	4,270	55.2	%	$	6,227	40.6	%	Total Managed Services revenue		$	2,518		66				66		%				$	3,348		61		61	%

Revenue: Collaboration Products	Revenue: Collaboration Products
Revenue: Collaboration Products
Revenue: Collaboration Products
Visual collaboration product offerings	Visual collaboration product offerings	$	3,367	43.5	%	$	6,873	44.8	%
Professional services		—		—	%	$	1,033	6.7	%
Visual collaboration product offerings
Visual collaboration product offerings												$	1,291					34		%				$	2,114				39	%

Licensing
Licensing
Licensing	Licensing	102		1.3	%	$	1,200	7.8	%	1				—			—		%				$	14			—		—	%
Total Collaboration Products revenue	Total Collaboration Products revenue	$	3,469	44.8	%	$	9,106	59.4	%	Total Collaboration Products revenue		$	1,292		34				34		%				$	2,128		39		39	%

Total consolidated revenue	Total consolidated revenue	$	7,739	100.0	%	$	15,333	100.0	%	Total consolidated revenue		$	3,810		100				100		%				$	5,476		100		100	%


	Year Ended December 31,
	2023		2022
Cost of Revenue
Managed Services	$	1,671	$	2,273
Collaboration Products	1,228		1,657
Total cost of revenue	$	2,899	$	3,930


	Year Ended December 31,
	2023		2022		$ Change		% Change
Operating expenses (gains):
Research and development	$	20	$	1,699	$	(1,679)	(99)	%
Sales and marketing	309		1,431		(1,122)		(78)	%
General and administrative	4,870		5,278		(408)		(8)	%
Impairment charges	262		12,740		(12,478)		(98)	%
Casualty (gain) loss, net	(400)		483		(883)		100	%
Depreciation and amortization	345		1,903		(1,558)		(82)	%
Total operating expenses	$	5,406	$	23,534	$	(18,128)	(77)	%


☒			ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


Item	Item		Page	Item				Page
		PART I
	PART I
1.
1.
1.	1.	Business	3	Business		3
1A.	1A.	Risk Factors	7	1A.	Risk Factors		7
1B.	1B.	Unresolved Staff Comments	26	1B.	Unresolved Staff Comments		24
1C.				1C.	Cybersecurity		24
2.	2.	Properties	26	2.	Properties		25
3.	3.	Legal Proceedings	26	3.	Legal Proceedings		25
4.	4.	Mine Safety Disclosures	26	4.	Mine Safety Disclosures		25

		PART II
		PART II
		PART II
		PART II
5.
5.
5.	5.	Market for Registrant’s Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities	26	Market for Registrant’s Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities		25
6.	6.	Reserved	27	6.	Reserved		26
7.	7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	27	7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		26
7A.	7A.	Qualitative and Quantitative Disclosures About Market Risk	34	7A.	Qualitative and Quantitative Disclosures About Market Risk		33
8.	8.	Financial Statements and Supplemental Data	34	8.	Financial Statements and Supplemental Data		33
9	9	Change in and Disagreements with Accountants on Accounting and Financial Disclosure	34	9	Change in and Disagreements with Accountants on Accounting and Financial Disclosure		33
9A.	9A.	Controls and Procedures	34	9A.	Controls and Procedures		33
9B.	9B.	Other Information	35	9B.	Other Information		34
9C.	9C.	Disclosures Regarding Foreign Jurisdictions that Prevent Inspections	35	9C.	Disclosures Regarding Foreign Jurisdictions that Prevent Inspections		34

		PART III
		PART III
		PART III
		PART III
10.
10.
10.	10.	Directors, Executive Officers and Corporate Governance	35	Directors, Executive Officers and Corporate Governance		34
11.	11.	Executive Compensation	40	11.	Executive Compensation		39
12.	12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	45	12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters		43
13.	13.	Certain Relationships and Related Transactions, and Director Independence	47	13.	Certain Relationships and Related Transactions, and Director Independence		44
14.	14.	Principal Accounting Fees and Services	47	14.	Principal Accounting Fees and Services		45

		PART IV
		PART IV
		PART IV
		PART IV
15.
15.
15.	15.	Exhibits and Financial Statement Schedules	49	Exhibits and Financial Statement Schedules		47
16.	16.	Signatures	54	16.	Signatures		51


		For the Year Ended December 31, 2020
		Managed Services			Collaboration Products			Corporate			Total
	Year Ended December 31, 2022																						Year Ended December 31, 2022
	Managed Services																Managed Services			Collaboration Products			Corporate			Total
Revenue	Revenue	$	6,227		$	9,106		$	—		$	15,333
Cost of revenues	Cost of revenues	3,789			3,491			—			7,280
Gross profit	Gross profit	$	2,438		$	5,615		$	—		$	8,053
Gross profit %	Gross profit %	39.2		%	61.7		%	—		%	52.5		%	Gross profit %	32	%		22	%		—	%		28	%

Allocated operating expenses	Allocated operating expenses	$	1,479		$	9,913		$	—		$	11,392
Allocated operating expenses
Allocated operating expenses
Unallocated operating expenses	Unallocated operating expenses	—			—			6,725			6,725
Total operating expenses	Total operating expenses	$	1,479		$	9,913		$	6,725		$	18,117

Income (loss) from operations	Income (loss) from operations	$	959		$	(4,298)		$	(6,725)		$	(10,064)
Interest and other income (expense), net		(19)			2,765			—			2,746
Income (loss) from operations
Income (loss) from operations
Interest and other (income) expense, net
Income (loss) before income taxes	Income (loss) before income taxes	$	940		$	(1,533)		$	(6,725)		$	(7,318)
Income tax expense		$	50		$	53		$	—		$	103
Income tax benefit
Net income (loss)	Net income (loss)	$	890		$	(1,586)		$	(6,725)		$	(7,421)

		As of December 31, 2020
		Year Ended December 31, 2022
		Year Ended December 31, 2022
		Year Ended December 31, 2022
Total assets	Total assets	$	6,494		$	22,649		$	—		$	29,143


	For the Year Ended December 31,
	2021		2020
Cost of Revenue
Managed Services	$	2,991	$	3,789
Collaboration Products	2,030		3,491
Total cost of revenue	$	5,021	$	7,280


Name	Age	Position with Company
Jason Adelman (1)(2)(3)	5254	Director
Jonathan Schechter(1)(2)(3)(4)	49	Director, Chairman of the Compensation Committee ~~Chairman of the Nominating Committee~~
~~Matthew Blumberg~~ ~~(1)(3)~~	51	~~Chairman of the Board~~
Peter Holst	5355	Director, Chairman of the Board, President and Chief Executive Officer
~~James S. Lusk~~ Robert Weinstein (1)(3)(4)~~(1)(2)(3)~~	6663	Director, Chairman of the Audit Committee
Deborah Meredith (2)(3)	6264	Director, Chairman of the Nominating Committee
(1) Member of the Audit Committee
(2) Member of the Compensation Committee
(3) Member of the Nominating Committee
(4) Appointed pursuant to that certain Securities Purchase Agreement, dated March 30,2023, by and among the Company and the investors named therein.


Name and Principal Positions	Year	Salary ($)	Bonus ($)	Stock Awards ($)	All Other Compensation ($)		Total ($)
Peter Holst	2023	295,000	394,000	—	10,000	(1)	699,000
Director, President and CEO	2022	295,000	147,000	—	9,000	(1)	451,000

David Clark	2023	260,000	173,000	—	10,000	(1)	443,000
CFO, Treasurer and Secretary	2022	260,000	65,000	—	8,000	(1)	333,000


(1) Represents matching contributions under the Company’s 401(k) Plan for Mr. Holst of $10,000 for 2023 and $9,000 for 2022; for Mr. Clark of $10,000 for 2023 and $8,000 for 2022.


		Option Awards			Stock Awards
Name	Grant Date	Number of Securities Underlying Unexercised Options (#) Exercisable (1)	Option Exercise Price ($)	Option Expiration Date	Number of Shares of Stock that Have Not Vested (#)(2)	Market Value of Shares of Stock That Have Not Vested ($)(3)
Peter Holst	1/13/2013	87,500	19.80	1/13/2023	—	—

David Clark	3/25/2013	10,000	15.10	3/25/2023	—	—

Pete Hawkes	10/1/2019	150,000	3.25	6/28/2031	150,000	154,500

John Underkoffler	—	—	—	—	—	—

(1) All stock option awards held by Messers Holst and Clark were fully vested and exercisable as of December 31, 2021; Mr. Hawkes stock option awards were not vested or exercisable.
(2) At December 31, 2021, Mr. Hawkes held 150,000 stock options, which were subject to vesting over a three-year period; 1/3 on June 28, 2022, 1/3 on June 28, 2023, and 1/3 on June 28, 2024.
(3) Calculated on an as-converted basis to common stock at a per share price of $1.03, which was the closing price of our common stock on the Nasdaq Capital Market as of December 31, 2021.


(a) Year	(b) Summary Comp Table Total for PEO ($)(1)		(c) Comp. Actually Paid to PEO ($)(2)		(d) Average Summary Comp. Table for Non-PEO NEOs ($)(3)		(e) Average Comp. Actually Paid to Non-PEO NEOs ($)(4)		(f) Value of Initial Fixed $100 Investment Based On Total Shareholder Return ($)(5)		(g) Net Income ($)(6)
(a) Year	(b) Summary Comp Table Total for PEO ($)(1)		(c) Comp. Actually Paid to PEO ($)(2)		(d) Average Summary Comp. Table for Non-PEO NEOs ($)(3)		(e) Average Comp. Actually Paid to Non-PEO NEOs ($)(4)				(g) Net Income ($)(6)
2021	$	455,000	$	455,000	$	464,000	$	353,000	$	20.04	$	(9,755,000)
2022	$	451,000	$	451,000	$	210,000	$	135,000	$	2.29	$	(21,941,000)
2023	$	699,000	$	699,000	$	443,000	$	443,000	$	0.26	$	(4,384,000)


	Common Stock
Name and Address of Beneficial Owners (1)	Amount and Nature of Beneficial Ownership (2)		Percent of Class
Named Executive Officers and Directors:
Peter Holst	413,491	(3)	1.3	%
David Clark	58,933	(4)	0.2	%
Pete Hawkes	13,112	(5)	—	%
James S. Lusk	93,406	(6)	0.3	%
Jason Adelman	646,000	(7)	2.1	%
Matthew Blumberg	—	(8)	—	%
Deborah Meredith	—	(9)	—	%
All directors and executive officers as a group (7 people)	1,224,942		4.0	%

Greater than 5% Owners:
Foundry Group, 700 Front St., Suite 104, Louisville, CO 80027	7,839,509	(10)	25.4	%
StepStone Group LP, 4225 Executive Square, Suite 1600, La Jolla, CA 90237	3,692,661	(11)	12.0	%
Morgan Stanley Investment Management, Inc.,522 5th Avenue, 6th Floor, New York, NY 10036	3,416,345	(12)	11.1	%

(1) Unless otherwise noted, the address of each person listed is c/o Oblong, Inc., 25587 Conifer Road, Suite 105-231, Conifer, CO 80433.
(2) Unless otherwise indicated by footnote, the named persons have sole voting and investment power with respect to the shares of Common Stock beneficially owned.
(3) Includes 325,991 shares of Common Stock and 87,500 shares of Common Stock subject to stock options presently exercisable.
(4) Includes 48,933 shares of Common Stock and 10,000 shares of Common Stock subject to stock options presently exercisable.
(5) Includes 13,112 shares of Common Stock and excludes 150,000 shares of Common Stock subject to stock options not presently exercisable.
(6) Based on ownership information from the Form 4 filed by Mr. Lusk with the SEC on August 20, 2021. Includes 54,502 shares of Common Stock, 10,000 shares of Common Stock subject to stock options presently exercisable, and 28,904 shares of Common Stock issuable from vested RSUs (for which the shares of Common Stock have not yet been delivered in accordance with the terms of these RSUs).
(7) Based on ownership information from the Form 4 filed by Mr. Adelman with the SEC on August 20, 2021. Mr. Adelman beneficially owns 646,000 shares of Common Stock, of which 569,500 shares are held directly by Mr. Adelman and 76,500 shares are held in a retirement plan.
(8) Based on ownership information from the Form 3 filed by Mr. Blumberg with the SEC on August 25, 2021.
(9) Based on ownership information from the Form 3 filed by Ms. Meredith with the SEC on August 25, 2021.
(10) Based on ownership information from an amendment to Schedule 13D filed on February 22, 2021.
(11) Based on ownership information from an amendment to Schedule 13G/A filed on February 11, 2022.
(12) Based on ownership information from a Schedule 13G filed on February 11, 2022.


/s/ ~~Matthew Blumberg~~Jonathan Schechter						~~Chairman of the Board~~Director
~~Matthew Blumberg~~Jonathan Schechter


Plan Category	Number of Securities to be Issued Upon Exercise of Outstanding Stock Options (a)	Weighted Average Exercise Price of Outstanding Stock Options (b)		Number of Securities to be Issued Upon Vesting of Outstanding Restricted Stock Units (*) (c)	Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Columns (a) & (c))
Equity compensation plans approved by security holders	407,500	$	7.57	—	2,513,500


			Page
Report of Independent Registered Public Accounting Firm			F-1
Consolidated Balance Sheets at December 31, ~~2021~~2023 and ~~2020~~2022			F-3
Consolidated Statements of Operations for the years ended December 31, ~~2021~~2023 and ~~2020~~2022			F-4
Consolidated Statements of Stockholders’ Equity for the years ended December 31, ~~2021~~2023 and ~~2020~~2022			F-5
Consolidated Statements of Cash Flows for the years ended December 31, ~~2021~~2023 and ~~2020~~2022			F-6
Notes to Consolidated Financial Statements			F-8


Exhibit Number						Description
~~2.1~~2.1†						Agreement and Plan of Merger dated August 12, 2012 (filed as Exhibit 2.1 to the Registrant’s Current Report on Form 8-K filed with the Agreement and Plan of Merger dated August 12, 2012 (filed as Exhibit 2.1 to the Registrant’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on August 13, 2012, and incorporated herein by reference). and Exchange Commission (“SEC”) on August 13, 2012, and incorporated herein by reference).
~~2.2†~~						Agreement and Plan of Merger, dated December 20, 2018, by and among the Registrant, Glowpoint Merger Sub, Inc. and SharedLabs, Inc. (filed as Exhibit 2.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on December 27, 2018, and incorporated herein by reference).
~~2.3~~						Mutual Termination Agreement, dated April 28, 2019, by and among the Registrant, Glowpoint Merger Sub Inc., and SharedLabs, Inc. (filed as Exhibit 2.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on April 29, 2019, and incorporated herein by reference).
~~2.4†~~						Agreement and Plan of Merger, dated September 12, 2019, by and among the Registrant, Oblong Industries, Inc. and Glowpoint Merger Sub II, Inc. (filed as Exhibit 2.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on September 16, 2019, and incorporated herein by reference).
~~2.5~~2.2						Amendment to Agreement and Plan of Merger, dated October 1, 2019, by and among the Registrant, Oblong Industries, Inc. and Glowpoint Merger Sub II, Inc. (filed as Exhibit 2.2 to the Registrant’s Current Report on Form 8-K filed with the SEC on October 7, 2019, and incorporated herein by reference).
3.1						Amended and Restated Certificate of Incorporation, as amended (filed as ~~Appendix D~~Exhibit 3.1 to ~~View Tech, Inc.’s Registration Statement~~the Registrant’s Quarterly Report on Form ~~S-4 (File No. 333-95145)~~10-K filed with the SEC on ~~January 21, 2000,~~May 10, 2023, and incorporated herein by reference).
~~3.2~~3.2*						Certificate of Amendment to the Amended and Restated Certificate of Incorporation of Wire One Technologies, Inc. changing its name to “Glowpoint, Inc.” (filed as Exhibit 3.2 to the Registrant’s Annual Report on Form 10-K filed with the SEC on March 30, 2004, and incorporated herein by reference).
~~3.3~~						Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the Registrant increasing its authorized common stock to 150,000,000 shares from 100,000,000 shares (filed as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on September 24, 2007, and incorporated herein by reference).
~~3.4~~						Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the Registrant effecting a one-for-four reverse stock split of the common stock of the Registrant (filed as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on January 13, 2011, and incorporated herein by reference).
~~3.5~~						Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the Registrant effecting a one-for-ten reverse stock split of the common stock of the Registrant (filed as Exhibit 3.5 to the Registrant’s Quarterly Report on Form 10-Q filed with the SEC on May 15, 2019, and incorporated herein by reference).
~~3.6~~						Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the Registrant, changing its name to “Oblong, Inc.” (filed as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on March 9, 2020, and incorporated herein by reference).
~~3.7~~						Amended and Restated By-laws, ~~(filed~~ as ~~Exhibit 3.1~~amended by the First Amendment to ~~the Registrant’s Current Report on Form 8-K filed with the SEC on December 8, 2011,~~Amended and ~~incorporated herein by reference).~~Restated By-Laws, dated October 19, 2023.
4.1						Specimen Common Stock Certificate (filed as Exhibit 4.1 to the Registrant’s Annual Report on Form 10-K filed with the SEC on June 6, 2007, and incorporated herein by reference).
4.2						Certificate of Designations, Preferences and Rights of Series D Preferred Stock (filed as Exhibit 4.6 to the Registrant’s Current Report on Form 8-K filed with the SEC on September 24, 2007, and incorporated herein by reference).
4.3						Certificate of Designations, Preferences and Rights of Series A-2 Preferred Stock of the Registrant (filed as Exhibit 4.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on August 11, 2009, and incorporated herein by reference).
4.4						Certificate of Designations, Preferences and Rights of Perpetual Series B Preferred Stock of the Registrant (filed as Exhibit 4.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on March 30, 2010, and incorporated herein by reference).
4.5						Certificate of Designations, Preferences and Rights of Perpetual Series B-1 Preferred Stock of the Registrant (filed as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on August 9, 2011, and incorporated herein by reference).
4.6						Warrant to Purchase Shares of Common Stock, by and between the Registrant and Super G Capital, LLC, dated July 31, 2017 (filed as Exhibit 4.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on August 1, 2017, and incorporated herein by reference).


~~4.7~~						Certificate of Designations of Rights, Powers, Preferences, Privileges and Restrictions of the 0% Series B Convertible Preferred Stock (filed as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on November 14, 2017, and incorporated herein by reference).
~~4.8~~4.7						Certificate of Designations of Rights, Powers, Preferences, Privileges and Restrictions of the 0% Series C Convertible Preferred Stock (filed as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on January 25, 2018, and incorporated herein by reference).
~~4.9~~4.8						Certificate of Designations of the 6.0% Series D Convertible Preferred Stock (filed as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on October 7, 2019, and incorporated herein by reference).
~~4.10~~4.9						Certificate of Designations of the 6.0% Series E Convertible Preferred Stock (filed as Exhibit 3.2 to the Registrant’s Current Report on Form 8-K filed with the SEC on October 7, 2019, and incorporated herein by reference).
~~4.11~~4.10						~~Warrant to Purchase Shares~~Certificate of ~~Common~~Designations of the 9.0% Series F Convertible Preferred Stock ~~by and between the Registrant and Silicon Valley Bank, dated October 1, 2019~~ (filed as Exhibit ~~4.1~~3.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on ~~October 7, 2019,~~April 3, 2023, and incorporated herein by reference).
~~4.12~~4.11						Default Waiver and First Amendment to Second Amended and Restated Loan and Security Agreement, dated June 26, 2020, by and among by and among Oblong, Inc., Oblong Industries, Inc., and GP Communications, LLC, as borrowers, and Silicon Valley Bank as lenderForm of Common Stock Purchase Warrant (filed as Exhibit ~~10.2 to the Registrants Quarterly Report on Form 10-Q filed with the SEC on August 14, 2020, and incorporated herein by reference).~~
~~4.13~~						~~Agreement, dated October 20, 2020, by and among Oblong, Inc., Oblong Industries, Inc., GP Communications LLC, and Silicon Valley Bank (filed as Exhibit 10.2~~4.1 to the Registrant’s Quarterly Report on Form 10-Q filed with the SEC on November 16, 2020, and incorporated herein by reference).
~~4.14~~4.12						Form of Series A Common Stock Purchase Warrant (filed as Exhibit 4.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on June 28, 2021, and incorporated herein by reference).
~~4.15~~4.13						Form of Series B Common Stock Purchase Warrant (filed as Exhibit 4.2 to the Registrant’s Current Report on Form 8-K filed with the SEC on June 28, 2021, and incorporated herein by reference).
~~4.16~~4.14						Form of Amendment to Series A Warrants (filed as Exhibit 4.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on January 3, 2022, and incorporated herein by reference).
~~10.1#~~4.15						~~Glowpoint, Inc. 2000 Stock Incentive Plan~~Form of Amendment to Series A Warrants (filed as Exhibit ~~4.9~~4.1 to the Registrant’s ~~Quarterly~~Current Report onof Form ~~10-Q~~8-K filed with the SEC on ~~November 7, 2000,~~January 3, 2023, and incorporated herein by reference).
~~10.2#~~4.16						~~Glowpoint, Inc. 2007 Stock Incentive Plan, as amended through June 1, 2011~~Form of Common Warrant (filed as Exhibit ~~10.1~~4.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on ~~June 2, 2011,~~April 3, 2023, and incorporated herein by reference).
~~10.3#~~4.17						Form of Preferred Warrant (filed as Exhibit 4.2 to the Registrant’s Current Report on Form 8-K filed with the SEC on April 3, 2023, and incorporated herein by reference).
4.18						Form of Exchange Warrant (filed as Exhibit 4.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on July 5, 2023, and incorporated herein by reference.
4.19*						Description of Common Securities.


10.1#						Form of Stock Option Award Agreement (filed as Exhibit 99.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on March 15, 2012, and incorporated herein by reference).
~~10.4#~~10.2#						Form of Restricted Stock Award Agreement (filed as Exhibit 99.2 to the Registrant’s Current Report on Form 8-K filed with the SEC on March 15, 2012, and incorporated herein by reference).
~~10.5#~~10.3#						Glowpoint, Inc. 2014 Equity Incentive Plan (filed as Exhibit 10.2 to the Registrant’s Current Report on Form 8-K filed with the SEC on June 2, 2014, and incorporated herein by reference).
~~10.6#~~10.4#						2015 Form of Performance-Vested Restricted Stock Unit Agreement (Executive Officers) (filed as Exhibit 10.6 to the Registrant’s Annual Report on Form 10-K filed with the SEC on March 5, 2015, and incorporated herein by reference).
~~10.7#~~10.5#						2015 Form of Performance-Vested Restricted Stock Unit Agreement (Employees) (filed as Exhibit 10.7 to the Registrant’s Annual Report on Form 10-K filed with the SEC on March 5, 2015, and incorporated herein by reference).
~~10.8#~~10.6#						2016 Form of Performance-Vested Restricted Stock Unit Agreement (Executive Officers) (filed as Exhibit 10.8 to the Registrant’s Annual Report on Form 10-K filed with the SEC on March 31, 2017, and incorporated herein by reference).
~~10.9#~~10.7#						2016 Form of Performance-Vested Restricted Stock Unit Agreement (Employees) (filed as Exhibit 10.9 to the Registrant’s Annual Report on Form 10-K filed with the SEC on March 31, 2017, and incorporated herein by reference).
~~10.10#~~10.8#						Form of Time-Vested Restricted Stock Unit Agreement (Executive Officers) (filed as Exhibit 10.8 to the Registrant’s Annual Report on Form 10-K filed with the SEC on March 5, 2015, and incorporated herein by reference).
~~10.11#~~10.9#						Form of Time-Vested Restricted Stock Unit Agreement (Employees) (filed as Exhibit 10.9 to the Registrant’s Annual Report on Form 10-K filed with the SEC on March 5, 2015, and incorporated herein by reference).
~~10.12#~~10.10#						Form of Restricted Stock Grant Agreement (filed as Exhibit 10.12 to the Registrant’s Annual Report on Form 10-K filed with the SEC on March 31, 2017, and incorporated herein by reference).


~~10.13#~~10.11#						Form of Director Restricted Stock Unit Agreement (filed as Exhibit 10.8 to the Registrant’s Annual Report on Form 10-K filed with the SEC on March 5, 2015, and incorporated herein by reference).
~~10.14~~10.12#						Registration Rights Agreement, dated August 9, 2013, by and between the Registrant and GP Investment Holdings, LLC (filed as Exhibit 10.2 to the Registrant’s Current Report on Form 8-K filed with the SEC on August 13, 2013, and incorporated herein by reference).
~~10.15#~~						Severance and Release Agreement between the Registrant and Scott Zumbahlen, dated February 9, 2015 (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on February 13, 2015, and incorporated herein by reference).
~~10.16#~~						Severance and Release Agreement by and between the Registrant and Gary Iles dated June 10, 2016 (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on June 16, 2016, and incorporated herein by reference).
~~10.17#~~						~~Form of Retention Bonus Agreement (filed as Exhibit 10.1 to the Registrant’s Quarterly Report on Form 10-Q filed with the SEC on November 4, 2016, and incorporated herein by reference).~~
~~10.18#~~						Form of Indemnification Agreement for directors and officers (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on June 2, 2014, and incorporated herein by reference).
~~10.19~~10.13						Business Financing Agreement, by and among the Registrant, GP Communications, LLC and Western Alliance Bank, dated July 31, 2017 (filed as Exhibit 10.4 to the Registrant’s Current Report on Form 8-K filed with the SEC on August 1, 2017, and incorporated herein by reference).
~~10.20~~						Business Loan and Security Agreement, by and among the Registrant and Super G Capital, LLC, dated July 31, 2017 (filed as Exhibit 10.5 to the Registrant’s Current Report on Form 8-K filed with the SEC on August 1, 2017, and incorporated herein by reference).
~~10.21~~						Form of Securities Purchase Agreement, dated October 23, 2017 (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on October 23, 2017, and incorporated herein by reference).
~~10.22~~10.14						Form of Securities Purchase Agreement, dated January 22, 2018 (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on January 22, 2018, and incorporated herein by reference).
~~10.23~~10.15#						Business Financing Modification Agreement, by and among the Registrant, GP Communications, LLC and Western Alliance Bank, dated January 18, 2018 (filed as Exhibit 10.2 to the Registrant’s Current Report on Form 8-K filed with the SEC on January 22, 2018, and incorporated herein by reference).
~~10.24~~						Business Financing Modification Agreement, by and among the Registrant, GP Communications, LLC and Western Alliance Bank, dated March 5, 2018 (filed as Exhibit 10.33 to the Registrant’s Annual Report on Form 10-K filed with the SEC on March 7, 2018, and incorporated herein by reference).
~~10.25#~~						First Amendment to the Glowpoint, Inc. 2014 Equity Incentive Plan (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on June 1, 2018, and incorporated herein by reference).
~~10.26~~10.16						Representation Agreement, dated July 19, 2019, by and among the Registrant and the Stockholders named therein (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on July 25, 2019, and incorporated herein by reference).
~~10.27#~~10.17#						Second Amended and Restated Employment Agreement, by and between the Registrant and Peter Holst, dated July 19, 2019 (filed as Exhibit 10.2 to the Registrant’s Current Report on Form 8-K filed with the SEC on July 25, 2019, and incorporated herein by reference).
~~10.28#~~10.18#						Amended and Restated Employment Agreement, by and between the Registrant and David Clark, dated July 19, 2019 (filed as Exhibit 10.2 to the Registrant’s Current Report on Form 8-K filed with the SEC on July 25, 2019, and incorporated herein by reference).
~~10.29~~10.19						Series E Preferred Stock Purchase Agreement, dated October 1, 2019, by and among the Registrant and the Purchasers party thereto (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on October 7, 2019, and incorporated herein by reference).
~~10.30~~10.20						Registration Rights Agreement, dated October 1, 2019, by and among the Registrant and the Purchasers party thereto (filed as Exhibit 10.2 to the Registrant’s Current Report on Form 8-K filed with the SEC on October 7, 2019, and incorporated herein by reference).
~~10.31~~10.21#						Second Amended and Restated Loan and Security Agreement, dated October 1, 2019, by and among the Registrant, Oblong Industries, Inc., and Silicon Valley Bank (filed as Exhibit 10.3 to the Registrant’s Current Report on Form 8-K filed with the SEC on October 7, 2019, and incorporated herein by reference).
~~10.32#~~						Glowpoint, Inc. 2019 Equity Incentive Plan (filed as Exhibit 10.3 to the Registrant’s Current Report on Form 8-K filed with the SEC on December 20, 2019, and incorporated herein by reference).
~~10.33~~10.22						Promissory Note, dated April 10, 2020, by the Registrant in favor of MidFirst Bank (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on April 16, 2020, and incorporated herein by reference).
~~10.34~~						~~Form of Common Stock Purchase Warrant (filed as Exhibit 4.1 to the Registrant’s Quarterly Report on Form 10-Q filed with the SEC on November 16, 2020, and incorporated herein by reference).~~


~~10.35~~						Form of Securities Purchase Agreement (filed as Exhibit 10.1 to the Registrant’s Quarterly Report on Form 10-Q filed with the SEC on November 16, 2020, and incorporated herein by reference).
~~10.36~~10.23						Form of Securities Purchase Agreement (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on June 28, 2021, and incorporated herein by reference).
10.24						Separation Agreement dated March 4, 2022, between the Company and Pete Hawkes (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on March 8, 2022. and incorporated herein by reference)


10.25						Securities Purchase Agreement, dated March 31, 2023 (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on April 3, 2023, and incorporated herein by reference).
10.26						Registration Rights Agreement, dated March 31, 2023 (filed as Exhibit 10.2 to the Registrant’s Current Report on Form 8-K filed with the SEC on April 3, 2023, and incorporated herein by reference).
10.27						Engagement Letter, dated March 30, 2023 (filed as Exhibit 10.3 to the Registrant’s Current Report on Form 8-K filed with the SEC on April 3, 2023, and incorporated herein by reference).
10.28						Form of Warrant Repricing Letter, dated April 18, 2023 (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on April 24, 2023, and incorporated herein by reference).
10.29						Exchange Agreement, dated as of June 30, 2023, between Oblong, Inc. and Foundry Venture Capital 2007, L.P. and Foundry Group Select Fund, L.P. (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on July 5, 2023, and incorporated herein by reference).
10.30						Waiver, dated as of October 6, 2023, between Oblong, Inc. and certain Investors (filed as exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on October 10, 2023, and incorporated herein by reference).
21.1*						Subsidiaries of the Registrant.
23.1*						Consent of Independent Registered Public Accounting Firm-EisnerAmper LLP.
24.1						Power of Attorney (included in the signature page hereto)
31.1*						Rule 13a-14(a)/15d-14(a) Certification of the Chief Executive Officer.
31.2*						Rule 13a-14(a)/15d-14(a) Certification of the Chief Financial Officer.
32.1**						Section 1350 Certification of the Chief Executive Officer and Chief Financial Officer.
97.1*#						Compensation Clawback Policy
101.INS						Inline XBRL Instance Document
101.SCH						Inline XBRL Taxonomy Extension Schema
101.CAL						Inline XBRL Taxonomy Extension Calculation Linkbase
101.DEF						Inline XBRL Taxonomy Extension Definition Linkbase
101.LAB						Inline XBRL Taxonomy Extension Label Linkbase
101.PRE						Inline XBRL Taxonomy Extension Presentation Linkbase
104						Cover Page Interactive Data File (embedded within the Inline XBRL document.


			OBLONG, INC.

			By:			/s/ Peter Holst
						Peter Holst
						Chief Executive Officer and President


/s/ Peter Holst						Chairman, President and Chief Executive Officer
Peter Holst


/s/ David Clark						Chief Financial Officer (Principal Financial and Accounting Officer)
David Clark


/s/ ~~James Lusk~~Robert Weinstein						Director
~~James Lusk~~Robert Weinstein


		December 31, 2021		December 31, 2020
	December 31, 2023								December 31, 2023			December 31, 2022
ASSETS	ASSETS
Current assets:	Current assets:
Cash		$	8,939	$	5,058
Current portion of restricted cash		61		158
Current assets:
Current assets:
Cash and cash equivalents
Cash and cash equivalents
Cash and cash equivalents

Accounts receivable, net	Accounts receivable, net	849		3,166
Inventory		1,821		920
Accounts receivable, net
Accounts receivable, net
Inventory, net
Prepaid expenses and other current assets	Prepaid expenses and other current assets	1,081		691
Total current assets	Total current assets	12,751		9,993
Property and equipment, net	Property and equipment, net	159		573
Goodwill		7,367		7,367

Intangibles, net	Intangibles, net	7,562		10,140
Operating lease, right-of-use assets		659		903
Intangibles, net
Intangibles, net
Operating lease, right-of-use assets, net
Other assets	Other assets	109		167		Other assets	12	40			40
Total assets	Total assets	$	28,607	$	29,143
LIABILITIES AND STOCKHOLDERS’ EQUITY	LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:	Current liabilities:
Current portion of long-term debt, net of debt discount		$	—	$	2,014
Current liabilities:
Current liabilities:

Accounts payable

Accounts payable

Accounts payable	Accounts payable	259		313
Accrued expenses and other current liabilities	Accrued expenses and other current liabilities	959		1,201
Current portion deferred revenue	Current portion deferred revenue	783		1,217
Operating lease liabilities, current	Operating lease liabilities, current	492		830

Total current liabilities	Total current liabilities	2,493		5,575

Total current liabilities

Total current liabilities
Long-term liabilities:	Long-term liabilities:

Long-term debt, net of current portion and net of debt discount		—		403

Operating lease liabilities, net of current portion

Operating lease liabilities, net of current portion

Operating lease liabilities, net of current portion	Operating lease liabilities, net of current portion	236		602
Deferred revenue, net of current portion	Deferred revenue, net of current portion	381		506

Total long-term liabilities	Total long-term liabilities	617		1,511
Total long-term liabilities
Total long-term liabilities
Total liabilities	Total liabilities	3,110		7,086
Commitments and contingencies (see Note 15)		0		0
Commitments and contingencies (see Note 14)						Commitments and contingencies (see Note 14)
Stockholders’ equity:	Stockholders’ equity:
Preferred stock Series A-2, convertible; $.0001 par value; $7,500 stated value; 7,500 shares authorized, no shares issued and outstanding as of December 31, 2021, and 45 shares issued and outstanding, and liquidation preference of $338, at December 31, 2020		—		—

Preferred stock Series D, convertible; $.0001 par value; $28.50 stated value; 1,750,000 shares authorized, no shares issued and outstanding as of December 31, 2021, and 1,697,958 shares issued and outstanding, and liquidation preference of $48,392 at December 31, 2020		—		—
Preferred stock Series E, convertible; $.0001 par value; $28.50 stated value; 175,000 shares authorized, no shares issued and outstanding as of December 31, 2021, and 131,579 shares issued and outstanding, and liquidation preference of $3,750 at December 31, 2020		—		—
Common stock, $.0001 par value; 150,000,000 shares authorized; 30,929,331 shares issued and 30,816,048 outstanding at December 31, 2021 and 7,861,912 shares issued and 7,748,629 outstanding at December 31, 2020		3		1
Treasury stock, 113,283 shares at December 31, 2021 and 2020		(181)		(181)
Preferred stock Series F, convertible; $.0001 par value; $2,064,063 stated value; 42,000 shares authorized, 1,930 and zero shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively
Preferred stock Series F, convertible; $.0001 par value; $2,064,063 stated value; 42,000 shares authorized, 1,930 and zero shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively
Preferred stock Series F, convertible; $.0001 par value; $2,064,063 stated value; 42,000 shares authorized, 1,930 and zero shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively
Common stock, $.0001 par value; 150,000,000 shares authorized; 16,692,000 shares issued and 16,685,000 shares outstanding at December 31, 2023 and 2,071,000 shares issued and 2,063,000 outstanding at December 31, 2022						Common stock, $.0001 par value; 150,000,000 shares authorized; 16,692,000 shares issued and 16,685,000 shares outstanding at December 31, 2023 and 2,071,000 shares issued and 2,063,000 outstanding at December 31, 2022	2			—
Treasury stock, 8,000 common shares at December 31, 2023 and 2022
Additional paid-in capital	Additional paid-in capital	227,581		215,092
Accumulated deficit	Accumulated deficit	(201,906)		(192,855)
Total stockholders’ equity	Total stockholders’ equity	25,497		22,057
Total liabilities and stockholders’ equity	Total liabilities and stockholders’ equity	$	28,607	$	29,143


	Series A-2 Preferred Stock			Series C Preferred Stock		Series D Preferred Stock			Series E Preferred Stock			Common Stock			Treasury Stock
	Shares	Amount			Shares	Amount		Shares	Amount		Shares	Amount		Shares	Amount		Shares	Amount		Additional Paid-In Capital		Accumulated Deficit		Total
Balance at December 31, 2019	32	$	—		475	$	—	1,734.901	$	—	131.579	$	—	5,267	$	1	105	$	(165)	$	207,383	$	(185,434)	$	21,785
Net loss	—	—			—	—		—	—		—	—		—	—		—	—		—		(7,421)		(7,421)
Stock-based compensation	—	—			—	—		—	—		—	—		8	—		—	—		198		—		198
Issuance of preferred stock for accrued dividends	13	—			—	—		—	—		—	—		—	—		—	—		99		—		99
Forfeiture of preferred stock	—	—			—	—		(28,618)	—		—	—		—	—		—	—		—		—		—
Preferred stock conversion	—	—			(475)	—		—	—		—	—		158	—		—	—		—		—		—
Preferred stock dividends	—	—			—	—		—	—		—	—		—	—		—	—		(17)		—		(17)
Issuance of stock on vested restricted stock units	—	—			—	—		—	—		—	—		23	—		8	(16)		—		—		(16)
Series D exchanged for taxes	—	—			—	—		(8.325)	—		—	—		—	—		—	—		—		—		—
Forfeiture of restricted stock agreement	—	—			—	—		—	—		—	—		(9)	—		—	—		—		—		—
Issuance of common shares from financing, net of offering costs	—	—			—	—		—	—		—	—		2,293	—		—	—		7,371		—		7,371
Issuance of common shares from warrant exercise	—	—			—	—		—	—		—	—		72	—		—	—		—		—		—
Issuance of shares for professional service fees	—	—			—	—		—	—		—	—		50	—		—	—		58		—		58



Balance at December 31, 2020	45	—			—	—		1,697,958	—		131,579	—		7,862	1		113	(181)		215,092		(192,855)		22,057
Net loss	—	—			—	—		—	—		—	—		—	—		—	—		—		(9,051)		(9,051)
Stock-based compensation	—	—			—	—		—	—		—	—		—	—		—	—		597		—		597
Series D & E Preferred Stock conversion	—	—			—	—		(1,697,022)	—		(131,579)	—		18,762	2		—	—		(2)		—		—
Forfeiture of Series D Stock	—	—			—	—		(81)	—		—	—		—	—		—	—		—		—		—
Series D shares exchanged for tax	—	—			—	—		(855)	—		—	—		—	—		—	—		—		—		—
Series A2 Preferred Stock conversion	(45)	—			—	—		—	—		—	—		84	—		—	—		—		—		—
Issuance of stock for services	—	—			—	—		—	—		—	—		21	—		—	—		390		—		390
Issuance of shares from financing, net of issuance costs	—	—			—	—		—	—		—	—		4,000	—		—	—		11,504		—		11,504
Issuance of stock on vested restricted stock units	—	—			—	—		—	—		—	—		200	—		—	—		—		—		—

Balance at December 31, 2021	—	$	—		—	$	—	—	$	—	—	$	—	30,929	$	3	113	$	(181)	$	227,581	$	(201,906)	$	25,497


	Series F Preferred Stock			Common Stock			Treasury Stock
	Shares	Amount		Shares	Amount		Shares	Amount		Additional Paid-In Capital		Accumulated Deficit		Total
Balance at December 31, 2021	—	$	—	2,071	$	—	8	$	(181)	$	227,584	$	(201,906)	$	25,497
Net loss	—	—		—	—		—	—		—		(21,941)		(21,941)
Stock-based compensation	—	—		—	—		—	—		146		—		146
Forfeiture of unvested stock options	—	—		—	—		—	—		(85)		—		(85)
Balance at December 31, 2022	—	—		2,071	—		8	(181)		227,645		(223,847)		3,617
Net loss	—	—		—	—		—	—		—		(4,384)		(4,384)
Stock-based compensation	—	—		180	—		—	—		504		—		504
Proceeds from private placement, net of fees	6,550	—		—	—		—	—		5,364		—		5,364
Proceeds from warrant exercise, net of fees	—	—		339	—		—	—		534		—		534
Common stock exchanged for pre-funded warrants	—	—		(407)	—		—	—		—		—		—
Exercise of pre-funded warrants	—	—		407	—		—	—		—		—		—
Conversions of Series F Preferred Stock and accrued dividends	(4,620)	—		14,102	2		—	—		207		—		209
Series F Preferred Stock dividends	—	—		—	—		—	—		(343)		—		(343)
Balance at December 31, 2023	1,930	$	—	16,692	$	2	8	$	(181)	$	233,911	$	(228,231)	$	5,501


Reconciliation of cash and restricted cash
Cash	$	8,939	$	5,058
Current portion of restricted cash	61		158
Restricted cash included in other assets, net of current portion	—		61
Total cash and restricted cash	$	9,000	$	5,277

Non-cash investing and financing activities:
Issuance of preferred stock in exchange for accrued dividends	$	—	$	99
New operating lease agreement	$	60	$	—
Modification of operating lease agreement	$	192	$	—
Transfer of assets from inventory to property and equipment	$	—	$	78
Accrued preferred stock dividends	$	1	$	17
Inducement to convert Series A-2 Preferred Stock to common	$	300	$	—
Common stock issued for conversion of preferred stock	$	2	$	—
Warrant modification	$	37	$	—


Reconciliation of cash and cash equivalents
Cash	$	5,490	$	3,085
Current certificates of deposit	500		—

Total cash and cash equivalents	$	5,990	$	3,085

Non-cash investing and financing activities:
New operating lease agreement	$	—	$	11
Preferred stock dividends	$	343	$	—
Warrant modification	$	25	$	—

Induced exercise of common stock warrants	$	751	$	—
Common stock issued for conversion of Preferred Stock and accrued dividends	$	209	$	—


	As of December 31,
	2023		2022
Accounts receivable	$	577,000	$	624,000
Allowance for estimated credit losses	(153,000)		(209,000)
Accounts receivable, net	$	424,000	$	415,000


Reserve balance as of December 31, 2021	$	(731)
Reserve adjustments	(316)
Disposals	595
Reserve balance as of December 31, 2022	(452)
Reserve adjustments	(342)
Disposals	103
Reserve balance as of December 31, 2023	$	(691)


	December 31,
	2021		2020
Prepaid expenses	$	340	$	663

Other current assets	480		28
Prepaid software licenses	261		—



Prepaid expenses and other current assets	$	1,081	$	691