v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 18,118,043 $ 16,691,514
Accounts receivable, net of allowance of $154,729 and $200,192, respectively 4,719,717 4,173,990
Income tax receivable 96,212 80,718
Prepaid expenses 1,237,948 1,209,813
Total current assets 24,171,920 22,156,035
Property and equipment, net 69,916 98,053
Operating lease right-of-use assets 533,163 785,543
Assets deployed at client locations, net 3,334,266 3,268,294
Goodwill 1,091,000 1,091,000
Other intangible assets, net 11,443,753 12,755,735
Other assets 366,713 321,140
Total assets 41,010,731 40,475,800
Current liabilities:    
Accounts payable 2,646,153 1,002,061
Accrued expenses 2,828,290 2,584,231
Revenue contract liability   167,014
Current portion of operating lease liabilities 286,019 268,541
Current portion of long-term debt 842,282 854,120
Total current liabilities 6,602,744 4,875,967
Long-term operating lease liabilities 297,714 585,879
Long-term debt and liabilities, net 54,120,183 53,196,585
Deferred tax liabilities, net 44,429 60,790
Total liabilities 61,065,070 58,719,221
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; 25,115,299 and 24,845,439 shares issued and outstanding, respectively 25,115 24,846
Additional paid-in capital 19,948,363 18,972,901
Accumulated deficit (39,751,236) (37,124,126)
Accumulated other comprehensive loss (276,581) (117,042)
Total stockholders’ deficit (20,054,339) (18,243,421)
Total liabilities and stockholders’ deficit $ 41,010,731 $ 40,475,800

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