v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 4,757,798 $ 4,306,683
Accounts receivable, net of allowance of $124,466 and $241,283, respectively 4,840,712 5,742,383
Income tax receivable 153,074 126,311
Prepaid expenses 1,062,000 1,394,462
Total current assets 10,813,584 11,569,839
Property and equipment, net 136,441 118,115
Operating lease right-of-use assets 169,837 280,429
Assets deployed at client locations, net 4,809,357 4,125,723
Goodwill 1,091,000 1,091,000
Other intangible assets, net 9,830,906 10,225,783
Other assets 107,595 89,730
Total assets 26,958,720 27,500,619
Current liabilities:    
Accounts payable 1,606,324 1,876,338
Accrued expenses 2,279,074 3,178,328
Current portion of operating lease liabilities 165,373 298,006
Current portion of long-term debt 2,836,643 2,416,108
Revenue contract liability 118,750 286,221
Total current liabilities 7,006,164 8,055,001
Long-term operating lease liabilities 6,325 2,944
Long-term debt and liabilities, net 35,057,103 36,867,804
Deferred tax liabilities, net 43,498 49,145
Total liabilities 42,113,090 44,974,894
Commitments and Contingencies (See Note 6)
Stockholders’ deficit    
Preferred stock, 10,000,000 shares authorized; $0.001 par value; 0 shares issued and outstanding
Common stock, 65,000,000 shares authorized; $0.001 par value; 25,354,623 and 25,354,623 shares issued and outstanding, respectively 25,354 25,354
Additional paid-in capital 20,772,597 20,663,931
Accumulated deficit (35,903,083) (38,267,617)
Accumulated other comprehensive (loss) income (49,238) 104,057
Total stockholders’ deficit (15,154,370) (17,474,275)
Total liabilities and stockholders’ deficit $ 26,958,720 $ 27,500,619