v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Dec. 31, 2024
Current assets:      
Cash and cash equivalents $ 5,267,000 $ 2,087,000 $ 107,000
Restricted cash 21,000 21,000  
Accounts receivable, net 116,395,000 32,528,000  
Accounts receivable, related party 9,332,000 11,710,000  
Contract assets 932,000 3,840,000  
Contract assets, related party 2,634,000  
Due from related party 1,366,000 1,358,000  
Prepaid expenses and other current assets 3,071,000 5,273,000  
Total current assets 136,384,000 59,451,000  
Property, plant and equipment, net 111,000 126,054
Intangible assets, net 37,892,000 41,437,559
Capital work-in-progress 182,000 439,000  
Goodwill 48,697,000 48,697,000  
Other receivable, related party 414,000 427,000  
Right of use asset 131,000 168,000  
Total assets 223,811,000 150,746,000  
Current liabilities:      
Accounts payable 112,846,000 34,441,000  
Accounts payable, related party 3,683,000 9,261,000  
Accrued expenses and other current liabilities 3,346,000 2,407,000  
Due to related party 7,895,000 7,997,000  
Accounts receivable financing facility 17,457,000 12,674,000  
Contingent consideration 16,394,000 34,839,000
Contract liabilities 352,000 335,309
Operating lease liability, current portion 64,000 65,156
Total current liabilities 162,037,000 102,019,000  
Operating lease liability, net of current portion 67,000 102,000
Deferred tax liability 4,469,000 4,470,480  
Total liabilities 166,573,000 106,591,000  
Commitments and contingencies  
Stockholders’ equity:      
Preferred stock  
Common Stock 10,000 9,000  
Common Stock 1,135,000 3,407,000  
Additional paid-in capital 91,710,000 74,243,000  
Accumulated deficit (35,433,000) (33,415,000)  
Accumulated other comprehensive income/(loss) 38,000 133,000  
Total stockholders’ equity 57,460,000 44,377,000  
Non-controlling interest (222,000) (222,000)  
Total stockholders’ equity 57,238,000 44,155,000 (919,000)
Total liabilities and stockholders’ equity 223,811,000 150,746,000  
Previously Reported      
Current assets:      
Cash and cash equivalents   2,087,400 107,475
Restricted cash   21,174
Accounts receivable, net   32,528,372
Accounts receivable, related party   11,709,931
Contract assets   3,840,357
Contract assets, related party   2,633,806
Due from related party   1,357,768
Prepaid expenses and other current assets   5,272,803 6,500
Total current assets   59,451,611 113,975
Property, plant and equipment, net   126,054
Intangible assets, net   41,437,559
Capital work-in-progress   439,264
Goodwill   48,697,465
Other receivable, related party   426,526
Right of use asset   167,807
Total assets   150,746,286 113,975
Current liabilities:      
Accounts payable   34,441,494 482,461
Accounts payable, related party   9,260,754
Accrued expenses and other current liabilities   2,407,194
Due to related party   7,996,710 550,700
Accounts receivable financing facility   12,673,595
Contingent consideration   34,838,484
Contract liabilities   335,309
Operating lease liability, current portion   65,156
Total current liabilities   102,018,696 1,033,161
Operating lease liability, net of current portion   102,651
Deferred tax liability   4,470,480
Total liabilities   106,591,827 1,033,161
Stockholders’ equity:      
Preferred stock  
Common Stock   8,825 6,770
Common Stock   3,407,250
Additional paid-in capital   74,242,760 33,629,226
Accumulated deficit   (33,415,041) (34,333,396)
Accumulated other comprehensive income/(loss)   132,551
Total stockholders’ equity   44,376,345 (697,300)
Non-controlling interest   (221,886) (221,886)
Total stockholders’ equity   44,154,459 (919,186)
Total liabilities and stockholders’ equity   150,746,286 113,975
Series Quantum Preferred Stock      
Stockholders’ equity:      
Preferred stock  
Series Quantum Preferred Stock | Previously Reported      
Stockholders’ equity:      
Preferred stock   $ 100