v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 5,228,082 $ 5,597,014
Cash and cash equivalents (on deposit with a related party) 2,257,069 1,801,300
Cash and cash equivalents – restricted cash (on deposit with related party) 1,035,747
Accounts receivable, net of allowance of $98,104 and $100,000 as of June 30, 2026 and December 31, 2025, respectively 1,920,708 1,599,725
Prepaid expense and other current assets 2,345,056 1,363,574
Total current assets 11,777,198 11,472,961
Property and equipment, net 400,915 550,628
Intangible assets, net 6,994,056 7,718,836
Goodwill 4,555,208 4,555,208
Operating lease right of use assets, net 4,149,953 1,140,196
Other assets 481,023 602,688
Total assets 28,358,353 26,040,517
Current liabilities:    
Accounts payable 2,752,648 1,604,898
Accrued expenses and other current liabilities 583,805 1,031,733
Operating lease liabilities, current portion 564,980 756,590
Deferred revenue 4,469,109 3,878,114
Total current liabilities 8,429,217 7,317,785
Operating lease liabilities, non-current portion 3,645,350 387,906
Deferred tax liability 127,933 148,898
Total liabilities 12,202,500 7,854,589
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Series A Preferred Stock, $0.001 par value, 9,000,000 authorized, 4,000,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025 4,000 4,000
Common stock, $0.001 par value, 50,000,000 shares authorized, 9,878,950 shares issued and 9,035,729 and 9,085,729 shares outstanding as of June 30, 2026 and December 31, 2025, respectively 9,879 9,879
Treasury stock, 843,221 and 793,221 shares repurchased as of June 30, 2026 and December 31, 2025, respectively (1,583,876) (1,500,385)
Additional paid-in capital 45,004,875 44,939,747
Accumulated deficit (27,279,025) (25,267,313)
Total stockholders’ equity 16,155,853 18,185,928
Total liabilities and stockholders’ equity 28,358,353 26,040,517
Related Party    
Current assets:    
Due from related party 26,283 75,601
Current liabilities:    
Due to related party $ 58,675 $ 46,450