v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 9,062,417 $ 4,306,683
Accounts receivable, net of allowance of $145,175 and $241,283, respectively 4,779,217 5,742,383
Income tax receivable 115,284 126,311
Prepaid expenses 1,125,604 1,394,462
Total current assets 15,082,522 11,569,839
Property and equipment, net 107,044 118,115
Operating lease right-of-use assets 102,874 280,429
Assets deployed at client locations, net 4,982,978 4,125,723
Goodwill 1,091,000 1,091,000
Other intangible assets, net 9,824,314 10,225,783
Other assets 156,585 89,730
Total assets 31,347,317 27,500,619
Current liabilities:    
Accounts payable 2,412,847 1,876,338
Accrued expenses 2,875,803 3,178,328
Current portion of operating lease liabilities 92,216 298,006
Current portion of long-term debt 3,093,750 2,416,108
Revenue contract liability 114,033 286,221
Total current liabilities 8,588,649 8,055,001
Long-term operating lease liabilities 3,189 2,944
Long-term debt and liabilities, net 34,276,752 36,867,804
Deferred tax liabilities, net 638 49,145
Total liabilities 42,869,228 44,974,894
Commitments and Contingencies (See Note 6)
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; 25,159,424 and 25,354,623 shares issued and outstanding, respectively 25,159 25,354
Additional paid-in capital 19,323,810 20,663,931
Accumulated deficit (30,773,719) (38,267,617)
Accumulated other comprehensive (loss) income (97,161) 104,057
Total stockholders’ deficit (11,521,911) (17,474,275)
Total liabilities and stockholders’ deficit $ 31,347,317 $ 27,500,619

Source

PDF HTML
10-Q Filing
ZIP HTML
XBRL