v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 4,306,683 $ 18,118,043
Accounts receivable, net of allowance of $241,283 and $154,729, respectively 5,742,383 4,719,717
Income tax receivable 126,311 96,212
Prepaid expenses 1,394,462 1,237,948
Total current assets 11,569,839 24,171,920
Property and equipment, net 118,115 69,916
Operating lease right-of-use assets 280,429 533,163
Assets deployed at client locations, net 4,125,723 3,334,266
Goodwill 1,091,000 1,091,000
Other intangible assets, net 10,225,783 11,443,753
Other assets 89,730 366,713
Total assets 27,500,619 41,010,731
Current liabilities:    
Accounts payable 1,876,338 2,646,153
Accrued expenses 3,178,328 2,828,290
Current portion of operating lease liabilities 298,006 286,019
Current portion of long-term debt 2,416,108 842,282
Revenue contract liability 286,221  
Total current liabilities 8,055,001 6,602,744
Long-term operating lease liabilities 2,944 297,714
Long-term debt and liabilities, net 36,867,804 54,120,183
Deferred tax liabilities, net 49,145 44,429
Total liabilities 44,974,894 61,065,070
Commitments and Contingencies (See Note 10)
Stockholders’ deficit    
Preferred stock, 10,000,000 shares authorized; $0.001 par value; 0 shares issued and outstanding
Common stock, 65,000,000 shares authorized; $0.001 par value; 25,354,623 and 25,115,299 shares issued and outstanding, respectively 25,354 25,115
Additional paid-in capital 20,663,931 19,948,363
Accumulated deficit (38,267,617) (39,751,236)
Accumulated other comprehensive income (loss) 104,057 (276,581)
Total stockholders’ deficit (17,474,275) (20,054,339)
Total liabilities and stockholders’ deficit $ 27,500,619 $ 41,010,731

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