v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (4,925,245) $ (3,869,345)
Net loss attributable to non-controlling interest 0 0
Adjustments to reconcile net loss to cash flows used in operating activities:    
Change in value of equity method investment, related party 86,060 35,000
Depreciation and amortization 426,522 371,194
Stock-based compensation 566,309 268,339
Change in fair value of warrant liability (953) (4,164)
Non-cash interest 23,994 37,203
Non-cash lease expense 72,753 62,649
Non-cash debt financing cost 250,000 0
Changes in assets and liabilities:    
Accounts receivable (including changes in related party balances of $(494) and $277,571 respectively) (235,411) (539,586)
Note receivable, related party 0 900,000
Related party receivables (4,356) 4,806
Prepaid expenses and other current assets (66,953) 192,650
Other assets (4,992) (13,707)
Accounts payable 27,627 66,666
Accrued expense (151,287) 175,122
Related party payables (14,488) 18,760
Deferred revenue (73,243) 268,385
Income tax payable (13,783) (5,343)
Operating lease liabilities (47,965) (65,182)
Net cash flows used in operating activities (4,085,411) (2,096,553)
Cash flows from investing activities:    
Cash acquired in acquisition of Lexverify, Ltd. 30,553 0
Capitalized internally developed software costs (435,271) (376,117)
Cash consideration for CyberFish investment (34,776) 0
Patent application costs (46,000) (54,059)
Purchases of property and equipment (34,261) (38,834)
Net cash flows used in investing activities (519,755) (469,010)
Cash flows from financing activities:    
Proceeds from loans 5,000,000 0
Forfeited common stock shares to satisfy taxes (183,712) (14,880)
Proceeds from common stock, prefunded warrants, and common stock warrants, net of fees 0 3,210,023
Principal payments on loans 0 (3,069,041)
Net cash flows from financing activities 4,816,288 126,102
Effect of foreign currency translation on cash 61,533 (51,806)
Net change in cash and cash equivalents 272,655 (2,491,267)
Cash and cash equivalents, beginning of period 6,040,996 2,783,321
Cash and cash equivalents, end of period 6,313,651 292,054
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 0 69,165
Supplemental disclosure of non-cash activities:    
Total non-cash consideration for acquisition of Lexverify Ltd 400,000 0
Accrued debt financing costs for notes payable 250,000 0
Total non-cash consideration for CyberFish investment 179,624 0
Accrued cash consideration for CyberFish investment 40,200 0
Adjustment to operating lease right-of-use assets related to renewed leases 68,300 89,791
Adjustment to operating lease operating lease liabilities related to renewed leases 68,300 88,629
Non-cash contributions to equity method investment $ 0 $ 160,000