ClearOne completed the sale of substantially all its operating intellectual property, product inventory, and related production assets to Biamp Systems, LLC for $3.0 million on October 24, 2025. Following the asset sale, the company no longer manufactures or sells products; its activities are limited to fulfilling warranty obligations, liquidating remaining assets, evaluating strategic transactions, collecting receivables, satisfying liabilities, and maintaining public-company compliance. The company reported a net loss of $26.084 million for the year ended December 31, 2025, a significant increase from an $8.983 million net loss in 2024. Discontinued operations incurred a loss of $21.460 million in 2025, which included an $11.143 million loss on the sale of assets. As of December 31, 2025, cash and cash equivalents were $0.74 million, and the company had negative shareholders' equity of $(714) thousand. The company's auditor expressed substantial doubt about its ability to continue as a going concern. A 1-for-15 reverse stock split was effected in June 2025 to help regain compliance with Nasdaq's minimum bid price requirement. Subsequent to year-end, on March 11, 2026, the company closed a $1.75 million private placement with its largest stockholder, First Finance Ltd., which beneficially owned approximately 61.3% of outstanding common stock as of March 16, 2026.