v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 2,694,663 $ 437,604
Accounts receivable, net 1,220,822 718,229
Due from factor 0 74,170
Inventory, net of reserve 370,879 378,307
Prepaid expenses and other 251,323 278,648
Total current assets 4,537,687 1,886,958
Equipment and leasehold improvements, net 67,751 140,198
Capitalized contract costs, net 311,591 409,426
Deposits and other assets 7,976 7,976
Operating lease right-of-use assets 47,953 73,372
Investment 2,500,000 5,000,000
Intangible assets, net 830,357 1,097,630
Total non-current assets 3,765,628 6,728,602
TOTAL ASSETS 8,303,315 8,615,560
LIABILITIES    
Accounts payable 507,357 818,186
Accrued liabilities 1,333,930 1,278,732
Deferred revenue – current 572,513 773,267
Operating lease liabilities, current portion 27,728 24,642
Total current liabilities 3,096,160 4,553,535
Deferred revenue, net of current portion 62,584 196,237
Deferred tax liability 16,500 0
Government loan – BBVA Bank, net of current portion 0 44,762
Operating lease liabilities, net of current portion 21,266 48,994
Total non-current liabilities 100,350 289,993
TOTAL LIABILITIES 3,196,510 4,843,528
Commitments (Note L)
STOCKHOLDERS’ EQUITY    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 1,085,360 and 371,696 of $.0001 par value at December 31, 2025 and December 31, 2024, respectively 109 37
Additional paid-in capital 141,497,741 133,030,607
Accumulated other comprehensive loss 74,803 49,290
Accumulated deficit (136,465,848) (129,307,902)
TOTAL STOCKHOLDERS’ EQUITY 5,106,805 3,772,032
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 8,303,315 8,615,560
Senior Secured Promissory Note [Member]    
LIABILITIES    
Debt, current 604,102 1,525,977
Government Loan [Member]    
LIABILITIES    
Debt, current $ 50,530 $ 132,731