v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 10,927,910 $ 9,818,503
Restricted cash 354,678 2,647,990
Accounts receivable, net of allowance for credit losses of $49,598 and $57,454, respectively 19,194,132 15,002,571
Unbilled accounts receivable 37,711,894 33,548,228
Other current assets 4,688,348 5,196,613
Total current assets 72,876,962 66,213,905
NONCURRENT ASSETS    
Property and equipment, net 468,644 480,082
Lease right of use asset 3,695,969 3,904,479
Intangible assets, net 3,073,788 3,352,296
Goodwill 5,811,578 5,811,578
Deferred tax assets, net 2,312 1,123
Other long-term assets 48,822 48,822
Total assets 85,978,075 79,812,285
CURRENT LIABILITIES    
Accounts payable 29,625,712 25,891,150
Accrued expenses 34,974,561 31,159,173
Current portion of deferred revenue 4,726,949 6,114,402
Current portion of lease liabilities 704,394 751,233
Total current liabilities 70,031,616 63,915,958
NONCURRENT LIABILITIES    
Lease liabilities, net of current portion 3,766,448 3,930,495
Deferred revenue, net of current portion 429,825 435,151
Total liabilities 74,227,889 68,281,604
Commitments and contingencies (Note 16) 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; 9,872,662 and 9,892,565 shares issued and outstanding, respectively 9,874 9,894
Additional paid-in capital 103,875,748 103,733,790
Accumulated other comprehensive loss (379,058) (379,665)
Accumulated deficit (91,756,378) (91,833,338)
Total stockholders' equity 11,750,186 11,530,681
Total liabilities and stockholders' equity $ 85,978,075 $ 79,812,285