v3.25.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 588,775 $ 1,878,408
Accounts receivable, net of allowance for doubtful accounts of $638,012 and $620,433 at June 30, 2025 and December 31, 2024, respectively 372,469 1,444,636
Prepaid expenses and other current assets 204,926 264,892
Total current assets 1,166,170 3,587,936
Property and equipment, net 59,789 93,563
Internally developed software, net 3,876,518 4,611,954
Other intangible assets, net 620,923 716,700
Operating lease right-of-use asset 299,001 327,977
Security deposits 12,100 12,100
Total assets 6,034,501 9,350,230
Current liabilities:    
Accounts payable 4,315,010 4,197,561
Accrued expenses 645,567 1,168,786
Operating lease current obligation 46,982 43,369
Deferred revenue 164,066 360,708
Total current liabilities 5,171,625 5,770,424
Operating lease long-term obligation 240,903 268,798
Total liabilities 5,412,528 6,039,222
Commitments and contingencies (See Note 9)
Stockholders’ equity    
Common stock, $0.0001 par value, 200,000,000 shares authorized, 2,498,423 issued and 2,496,873 outstanding at June 30, 2025 and 1,698,454 issued and 1,696,904 outstanding at December 31, 2024 250 170
Additional paid-in capital 75,190,151 75,173,627
Treasury stock, 1,550 shares at June 30, 2025 and December 31, 2024, at cost (172) (172)
Accumulated other comprehensive income
Accumulated deficit (74,568,256) (71,862,617)
Total stockholders’ equity 621,973 3,311,008
Total liabilities and stockholders’ equity $ 6,034,501 $ 9,350,230