v3.25.2
CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 5,778,882 $ 6,674,473
Held-to-maturity securities 3,750,803 2,467,475
Accounts receivable, net of allowance for credit losses of $30,000 4,714,602 3,631,018
Other current assets 908,633 929,512
Total current assets 15,152,920 13,702,478
Held-to-maturity securities 8,510,000 8,758,000
Property and equipment, net 509,027 497,560
Goodwill 1,954,460 1,954,460
Total assets 26,126,407 24,912,498
Current liabilities:    
Unexpired subscription revenue 11,820,212 10,886,860
Accounts payable 219,310 319,717
Accrued expenses 1,667,647 1,931,281
Total current liabilities 13,707,169 13,137,858
Deferred taxes on income, net 481,420 481,420
Unexpired subscription revenue, less current portion 260,080 151,474
Total liabilities 14,448,669 13,770,752
Stockholders’ equity:    
Preferred stock, $.01 par value; authorized 5,000,000 shares; none issued 0 0
Common stock, $.01 par value; authorized 32,500,000 shares; issued and outstanding 10,767,501 and 10,722,401 shares in 2025 and 2024, respectively 107,675 107,224
Additional paid-in capital 30,253,683 30,106,731
Accumulated deficit (18,683,620) (19,072,209)
Total stockholders’ equity 11,677,738 11,141,746
Total liabilities and stockholders’ equity $ 26,126,407 $ 24,912,498