v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 22,157,203 $ 23,601,810
Restricted cash 846,359 700,058
Accounts receivable, net 2,407,080 2,849,864
Deferred franchise and regional development costs, current portion 895,572 945,933
Prepaid expenses and other current assets 2,735,610 1,744,556
Discontinued operations current assets ($1.0 million attributable to VIEs) 14,760,981 22,246,318
Total current assets 43,802,805 52,088,539
Property and equipment, net 2,823,232 3,159,226
Operating lease right-of-use asset 1,454,886 1,572,173
Deferred franchise and regional development costs, net of current portion 3,259,579 3,827,129
Deposits and other assets 286,847 319,460
Total assets 51,627,349 60,966,527
Current liabilities:    
Accounts payable 1,097,862 1,588,665
Accrued expenses 1,855,708 1,501,838
Co-op funds liability 846,359 700,058
Payroll liabilities 2,139,102 4,055,752
Operating lease liability, current portion 340,885 194,179
Deferred franchise fee revenue, current portion 2,698,531 2,519,018
Upfront regional developer fees, current portion 178,540 277,394
Other current liabilities 641,515 611,231
Discontinued operations current liabilities ($3.2 million and $6.1 million attributable to VIEs, respectively) 14,180,239 21,368,446
Total current liabilities 23,978,741 32,816,581
Operating lease liability, net of current portion 1,696,293 1,815,527
Deferred franchise fee revenue, net of current portion 9,861,323 10,899,271
Upfront regional developer fees, net of current portion 215,683 355,556
Total liabilities 35,752,040 45,886,935
Commitments and contingencies (Note 10)
Stockholders' equity:    
Series A preferred stock, $0.001 par value; 50,000 shares authorized, zero shares issued and outstanding, respectively 0 0
Common stock, $0.001 par value; 20,000,000 shares authorized, 15,755,965 shares issued and 14,199,592 shares outstanding and 15,471,715 shares issued and 14,142,626 shares outstanding, respectively 15,755 15,471
Additional paid-in capital 52,766,531 52,026,407
Treasury stock 1,556,373 shares and 1,329,089 shares, at cost, respectively (14,088,928) (12,192,081)
Accumulated deficit (22,843,049) (24,795,205)
Total The Joint Corp. stockholders' equity 15,850,309 15,054,592
Non-controlling Interest 25,000 25,000
Total equity 15,875,309 15,079,592
Total liabilities and stockholders' equity $ 51,627,349 $ 60,966,527