Concentrations of Credit Risk |
3 Months Ended |
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Mar. 31, 2026 | |
| Risks and Uncertainties [Abstract] | |
| Concentrations of Credit Risk | Note 14: Concentrations of Credit Risk The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. Cash in Excess of FDIC Insured Limits The Company places its cash and cash equivalents with financial institutions which it believes are of high creditworthiness. The Company has bank accounts in the United States as well as countries in Europe in which it operates. The Company’s Deposits in the United States are with banks insured by the United States Federal Deposit Insurance Corporation (“FDIC”). The FDIC insures deposits at member banks up to $250,000 per depositor. The Company also holds a portion of its cash and cash equivalents in accounts with foreign financial institutions that are not federally insured. The Company’s cash balances with US banks in excess of FDIC insured limits amounted to $332,811 and $0 as of March 31, 2026 and December 31, 2025, respectively. The Company has not experienced any losses with regard to its bank accounts and believes it does not pose a significant credit risk to the Company. Other Concentrations As of March 31, 2026 and December 31, 2025, the Company has a deposit related to workers’ compensation insurance in the amount of $8,000,000 with a professional employer organization (“PEO”). The PEO is the employer of record for substantially all of the Company’s engagement professionals, and as such certain costs of revenue are paid to the PEO and subsequently distributed to Company engagement professionals. See Note 20: Subsequent Events for information concerning a notice of default sent by the PEO.
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