v3.25.2
Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 5,013,959 $ 3,806,915
Investments 7,965,965
Accounts receivable, net 148,968 4,355
Inventory 790,183 1,048,963
Prepaid expenses and other current assets 573,864 476,672
Total Current Assets 14,492,939 5,336,905
Property and equipment, net 60,761 112,605
Right-of-use assets, net 348,843 48,641
Product development costs, net of amortization of $614,581 and $397,340, respectively 1,180,787 1,384,172
Software development costs, net of amortization of $765,757 and $428,803, respectively 2,429,594 2,019,090
Goodwill 3,143,662 3,143,662
Other intangible assets, net of amortization of $6,809,203 and $6,428,305, respectively 1,795,364 2,176,262
Total Assets 23,451,950 14,221,337
Current Liabilities    
Accounts payable 619,565 750,336
Accrued expenses 902,736 1,053,301
Deferred revenue 400,026 225,195
Total Current Liabilities 1,922,327 2,028,832
Other long-term liabilities 326,228
Total Liabilities 2,248,555 2,028,832
Commitments and Contingencies (Note 9)
Stockholders’ Equity    
Preferred Stock, value
Common stock, par value $0.0001 per share: 800,000,000 shares authorized; 576,305,099 and 2,397,794 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 57,632 240
Additional paid-in capital 132,427,757 118,758,356
Accumulated deficit (113,408,294) (109,164,636)
Total Stockholders’ Equity 19,396,095 10,385,205
Total Liabilities, Series C Redeemable Preferred Stock and Stockholders’ Equity 23,451,950 14,221,337
Series C Redeemable Preferred Stock    
Series C Redeemable Preferred Stock    
Series C redeemable preferred stock, par value $0.0001 per share: 2,000 shares designated; 1 share issued and outstanding as of June 30, 2025 and December 31, 2024, respectively, aggregate liquidation preference of $2,000,000 as of June 30, 2025 and December 31, 2024, respectively 1,807,300 1,807,300
Series F Preferred Stock    
Stockholders’ Equity    
Preferred Stock, value 319,000 319,000
Series H Preferred Stock    
Stockholders’ Equity    
Preferred Stock, value 472,245
Series I Preferred Stock    
Stockholders’ Equity    
Preferred Stock, value