Summary of Significant Accounting Policies (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| Accounting Policies [Abstract] |
|
| Schedule of Accounts Receivable |
The following table presents the changes in the Company’s
accounts receivable:
Schedule
of Accounts Receivable
| | |
2025 | | |
2024 | |
| | |
Year Ended December 31, | |
| | |
2025 | | |
2024 | |
| Balance as of beginning of year | |
$ | 174,881 | | |
$ | 140,550 | |
| Additions to accounts receivable | |
| 7,255,922 | | |
| 6,932,158 | |
| Reductions to accounts receivable | |
| (7,145,924 | ) | |
| (6,899,851 | ) |
| Balance as of end of year | |
| 286,904 | | |
| 174,881 | |
| Allowance for doubtful accounts | |
| (69,641 | ) | |
| (61,773 | ) |
| Accounts receivable, net | |
$ | 217,263 | | |
$ | 113,108 | |
|
| Schedule of Fair Value on Recurring Basis |
The
following table presents, for each of the fair value hierarchy levels required under ASC 820, the Company’s liabilities
that are measured at fair value on a recurring basis as of December 31, 2025:
Schedule
of Fair Value on Recurring Basis
| | |
Quoted Prices in
Active Markets
(Level 1) | | |
Significant Other
Observable Inputs
(Level 2) | | |
Significant Other
Unobservable
Inputs (Level 3) | |
| Assets: | |
| | |
| | |
| |
| Note receivable | |
$ | - | | |
$ | - | | |
$ | 5,029,770 | |
| Liabilities: | |
| | | |
| | | |
| | |
| Warrant liability | |
$ | - | | |
$ | - | | |
$ | 1,881,078 | |
|
| Schedule of Changes in Fair Value |
The
following table presents the changes is the fair value of the Level 3 assets and liabilities:
Schedule
of Changes in Fair Value
| | |
Note receivable | | |
Warrant liability | |
| Fair value as of December 31, 2024 | |
$ | - | | |
$ | - | |
| Initial fair value | |
| 4,803,175 | | |
| 5,680,757 | |
| Change in valuation | |
| 226,595 | | |
| (3,799,679 | ) |
| Balance as of December 31, 2025 | |
$ | 5,029,770 | | |
$ | 1,881,078 | |
|
| Schedule of Black-scholes Valuation Model Fair Value of the Warrants |
The
Black-Scholes valuation model was used to estimate the fair value of the warrant liability as of December 31, 2025 with the following assumptions:
Schedule
of Black-scholes Valuation Model Fair Value of the Warrants
| | |
December 31, 2025 | |
| Volatility | |
| 187.87 | % |
| Expected term in years | |
| 2.5 | |
| Dividend rate | |
| 0 | % |
| Risk-free interest rate | |
| 3.51 | % |
| Fair value of warrants | |
| 3.51 | % |
|
| Schedule of Deferred Revenue |
The following table presents the changes in the Company’s
deferred revenue:
Schedule
of Deferred Revenue
| | |
2025 | | |
2024 | |
| | |
Year Ended December 31, | |
| | |
2025 | | |
2024 | |
| Balance as of beginning of year | |
$ | 602,359 | | |
$ | 408,769 | |
| Additions to deferred revenue | |
| 7,072,801 | | |
| 6,989,470 | |
| Revenue recognized from deferred revenue | |
| (6,953,263 | ) | |
| (6,795,880 | ) |
| Balance as of end of year | |
$ | 721,897 | | |
$ | 602,359 | |
|
| Schedule of Earnings Per Share Basic and Diluted |
Schedule of Earnings Per Share Basic and Diluted
| | |
2025 | | |
2024 | |
| | |
Year
Ended December 31, | |
| | |
2025 | | |
2024 | |
| Net loss attributable to common shareholders (numerator) | |
$ | (25,130,224 | ) | |
$ | (9,509,588 | ) |
| Basic and diluted weighted-average number of common shares outstanding (denominator) | |
| 117,083 | | |
| 2,514 | |
| Basic and diluted net loss per common share | |
$ | (214.64 | ) | |
$ | (3,782.65 | ) |
|
| Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
The
Company has excluded the following dilutive securities from the calculation of fully diluted shares outstanding because the result would
have been anti-dilutive:
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
| | |
2025 | | |
2024 | |
| | |
As of December 31, | |
| | |
2025 | | |
2024 | |
| Options | |
| 9,123 | | |
| 69 | |
| Convertible notes and interest | |
| 10,525 | | |
| 4,466 | |
| Convertible preferred shares | |
| 119,491 | | |
| - | |
| Warrants | |
| 960,847 | | |
| 3,189 | |
| Total | |
| 1,099,986 | | |
| 7,724 | |
|