v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Mar. 31, 2025
Current Assets:    
Cash and cash equivalents $ 68,103,395 $ 30,227,796
Accounts receivable, net of allowance for credit losses of $2,362,847 in 2026 and $3,805,488 in 2025 10,361,158 10,189,011
Prepaid expenses and other current assets 3,523,921 1,233,611
Current assets held for sale 0 30,497,720
Total Current Assets 81,988,474 72,148,138
Property and equipment, net 6,927,868 6,477,684
Other Assets:    
Other noncurrent assets 465,247 83,278
Intangible assets, net 86,890,053 98,891,767
Goodwill 90,870,094 90,870,094
Right of use assets - operating leases 342,034 1,466,026
Noncurrent assets held for sale 0 27,392,642
TOTAL ASSETS 267,483,770 297,329,629
Current Liabilities:    
Accounts payable 15,743,606 18,079,577
Accrued liabilities 4,241,349 37,413,636
Current portion of operating lease liability 515,579 519,522
Current liabilities held for sale 0 6,080,182
Total Current Liabilities 20,720,534 62,092,917
Long-term Liabilities:    
Income tax payable 0 1,609,520
Operating lease liability, net of current portion 616,904 1,035,813
Other noncurrent liabilities 1,375,000  
Noncurrent liabilities held for sale 0 10,564,816
Total Liabilities 32,528,667 75,303,066
Contingencies (Note 14)
Shareholders’ Equity:    
Series A cumulative perpetual preferred stock 8.75%, ($25.00 per share, $0.001 par value) 1,400,000 shares issued and outstanding as of March 31, 2026 and 2025 1,400 1,400
Common stock, $0.001 par value, 200,000,000 shares authorized 119,346,452 and 118,744,093 shares issued and 116,902,624 and 116,814,190 outstanding as of March 31, 2026 and 2025, respectively 116,905 116,816
Additional paid-in capital 454,877,083 434,335,782
Accumulated deficit (210,453,668) (203,862,034)
Treasury stock, at cost (9,586,617) (8,565,401)
Total Shareholders’ Equity 234,955,103 222,026,563
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 267,483,770 297,329,629
Other Intangible Assets [Member]    
Other Assets:    
Intangible assets, net 86,890,053 $ 98,891,767
Related Party    
Current Liabilities:    
Note payable - related parties, current maturities 220,000  
Long-term Liabilities:    
Notes payable - related parties, net of $1,963,771 of debt discounts as of March 31, 2026 $ 9,816,229