Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 3,334,579 $ 18,118,043
Accounts receivable, net of allowance of $219,931 and $154,729, respectively 5,157,092 4,719,717
Income tax receivable 152,447 96,212
Prepaid expenses 1,479,982 1,237,948
Total current assets 10,124,100 24,171,920
Property and equipment, net 108,531 69,916
Operating lease right-of-use assets 345,804 533,163
Assets deployed at client locations, net 4,044,247 3,334,266
Goodwill 1,091,000 1,091,000
Other intangible assets, net 10,537,358 11,443,753
Other assets 151,499 366,713
Total assets 26,402,539 41,010,731
Current liabilities:    
Accounts payable 2,215,142 2,646,153
Accrued expenses 2,868,660 2,828,290
Current portion of operating lease liabilities 296,685 286,019
Current portion of long-term debt 2,485,267 842,282
Revenue contract liability 57,966  
Total current liabilities 7,923,720 6,602,744
Long-term operating lease liabilities 79,983 297,714
Long-term debt and liabilities, net 37,398,707 54,120,183
Deferred tax liabilities, net 63,844 44,429
Total liabilities 45,466,254 61,065,070
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; 25,334,216 and 25,115,299 shares issued and outstanding, respectively 25,334 25,115
Additional paid-in capital 20,565,149 19,948,363
Accumulated deficit (39,783,022) (39,751,236)
Accumulated other comprehensive income (loss) 128,824 (276,581)
Total stockholders’ deficit (19,063,715) (20,054,339)
Total liabilities and stockholders’ deficit $ 26,402,539 $ 41,010,731