v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 25,883,741 $ 20,433,021
Funds held in escrow 20,000,000 20,000,000
Investments 102,416,053 110,895,693
Accounts receivable, net 41,380,698 33,414,435
Inventories, net 1,900,448 2,027,168
Prepaid expenses and other current assets 10,101,943 8,690,490
Total current assets 201,682,883 195,460,807
Property and equipment, net 7,079,941 6,264,885
Right of use assets 11,250,654 8,823,716
Other assets 10,266,246 9,293,670
Funds held in escrow 0 20,000,000
Total assets 230,279,724 239,843,078
Current liabilities    
Accounts payable 18,120,197 16,770,777
Accrued expenses 16,203,731 14,894,949
Deferred revenue 11,259,473 12,599,119
Lease liability 4,265,645 4,062,971
Settlement liability 28,231,170 26,487,028
Share repurchase liability 6,461,320 6,461,320
Total current liabilities 84,541,536 81,276,164
Long-term liabilities:    
Deferred revenue, net of current portion 2,836,823 3,148,945
Lease liability, net of current portion 7,313,038 5,292,095
Other long-term liabilities 3,641,667 925,000
Settlement liability, net of current portion 18,764,207 43,152,322
Total liabilities 117,097,271 133,794,526
Commitments and contingencies (Note 9)
Stockholders’ equity    
Class A common stock, 0.001 par value; 50,000,000 shares authorized; 39,239,297 shares issued and outstanding at par as of June 30, 2026 and December 31, 2025; Class B common stock, 0.001 par value; 940,000,000 shares authorized 89,921,348 and 89,889,822 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively. 129,161 129,129
Additional paid-in capital 440,150,435 433,325,830
Accumulated other comprehensive income 94,548 464,365
Accumulated deficit (327,191,691) (327,870,772)
Total stockholders’ equity 113,182,453 106,048,552
Total liabilities and stockholders’ equity $ 230,279,724 $ 239,843,078