v3.25.4
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 2,839,921 $ 2,459,245
Accounts receivable, net of allowance for credit losses of $98,954 and $144,625, respectively 5,887,884 12,545,771
Prepaid expenses and other current assets 489,790 639,805
Total current assets 9,217,595 15,644,821
Property and equipment, net 1,629,561 1,792,903
Other assets    
Right of use assets - operating lease 663,635 913,439
Right of use assets - finance lease 0 18,209
Intangible assets, net of accumulated amortization 3,425,375 3,894,875
Goodwill 9,853,342 9,853,342
Other assets 78,342 78,342
Total other assets 14,020,694 14,758,207
Total assets 24,867,850 32,195,931
Current liabilities    
Accounts payable 7,090,784 8,422,351
Accrued expenses and other current liabilities 3,619,974 9,185,461
Lease liability - operating leases 294,093 259,867
Lease liability - finance lease 0 18,209
Outstanding borrowings under Financing Agreement 3,288,100 0
Total current liabilities 14,292,951 17,885,888
Long-term liabilities    
Deferred tax liability 107,971 97,266
Lease liability - operating lease 443,912 738,005
Total long-term liabilities 551,883 835,271
Stockholders' equity    
Preferred stock, $0.001 par value: Authorized shares - 500,000 - none issued and outstanding 0 0
Common stock, $0.001 par value: Authorized shares 200,000,000; issued and outstanding shares 14,701,949 and 14,050,204 respectively; 14,703 14,051
Additional paid-in capital 188,312,843 186,669,733
Accumulated deficit (178,304,530) (173,209,012)
Total stockholders' equity 10,023,016 13,474,772
Total liabilities and stockholders' equity $ 24,867,850 $ 32,195,931