v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 9,818,503 $ 6,775,139
Restricted cash 2,647,990 1,042,256
Accounts receivable, net of allowance for credit losses of $57,454 and $46,150, respectively 15,002,571 11,930,474
Unbilled accounts receivable 33,548,228 31,798,431
Other current assets 5,196,613 3,771,473
Total current assets 66,213,905 55,317,773
NONCURRENT ASSETS    
Property and equipment, net 480,082 544,723
Lease right of use asset 3,904,479 4,183,561
Intangible assets, net 3,352,296 5,063,795
Goodwill 5,811,578 5,811,578
Deferred tax assets, net 1,123 0
Other long-term assets 48,822 659,086
Total assets 79,812,285 71,580,516
CURRENT LIABILITIES    
Accounts payable 25,891,150 16,524,863
Accrued expenses 31,159,173 30,851,255
Current portion of deferred revenue 6,114,402 4,770,683
Current portion of lease liabilities 751,233 735,152
Total current liabilities 63,915,958 52,881,953
NONCURRENT LIABILITIES    
Lease liabilities, net of current portion 3,930,495 4,200,019
Deferred revenue, net of current portion 435,151 907,160
Deferred tax liabilities, net 0 11,415
Total liabilities 68,281,604 58,000,547
Commitments and contingencies (Note 18) 0 0
STOCKHOLDERS' EQUITY    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 2,045,714 shares issued and none outstanding 0 0
Common stock, $0.001 par value; 30,000,000 shares authorized; 9,892,565 and 9,485,508 shares issued and outstanding, respectively 9,894 9,487
Additional paid-in capital 103,733,790 103,103,653
Accumulated other comprehensive loss (379,665) (450,945)
Accumulated deficit (91,833,338) (89,082,226)
Total stockholders' equity 11,530,681 13,579,969
Total liabilities and stockholders' equity $ 79,812,285 $ 71,580,516