v3.26.1
Unaudited Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 46,600,679 $ 50,886,850
Accounts receivable, net 4,214,811 3,398,479
Prepaid expenses 576,346 830,509
Other current assets 11,553 9,002
Total current assets 51,403,389 55,124,840
Property and equipment, net of accumulated depreciation 47,159 17,131
Software development costs, net of accumulated amortization 2,530,444 2,335,745
Total assets 53,980,992 57,477,716
Current liabilities:    
Accounts payable 800,758 779,434
Accrued expenses 1,684,321 3,050,995
Contract liabilities 4,083,835 4,729,767
Total current liabilities 6,568,914 8,560,196
Total liabilities 6,568,914 8,560,196
Commitments and Contingencies (Note 7)
Stockholders’ equity:    
Preferred stock; $0.0001 par value; $10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock; $0.0001 par value; $50,000,000 shares authorized; shares issued: $18,440,358 and $18,150,878, respectively, shares outstanding: $17,416,286 and $17,261,755, respectively. 1,844 1,815
Treasury stock at cost: 1,024,072 and 889,123 shares at June 30, 2026 and December 31, 2025, respectively (2,846,241) (2,344,698)
Additional paid-in capital 156,055,267 155,568,812
Accumulated deficit (105,716,167) (104,254,729)
Accumulated other comprehensive loss (82,625) (53,680)
Total stockholders’ equity 47,412,078 48,917,520
Total liabilities and stockholders’ equity $ 53,980,992 $ 57,477,716