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 $ (3,201,611) $ (8,389,525)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 563,400 1,927,243
Stock-based compensation - stock issued for services 52,960
Non-cash interest expense 8,364,805
Depreciation and amortization 474,670 622,074
Non-cash operating lease costs 83,414 83,414
Bad debt expense (1,999) 72,563
Change in fair value of derivative liability (5,467,610)
Loss on extinguishment of convertible notes 863,669
Other 1,316 1,751
Changes in operating assets and liabilities:    
Accounts receivable (205,845) 170,219
Contract assets 36,848 (35,391)
Prepaid expenses and other assets 560 (243,157)
Accounts payable 1,120,061 (2,323,767)
Accrued expenses and other current liabilities 384,042 (453,616)
Lease liabilities (87,395) (75,192)
Deferred revenue (115,876) (473,772)
Net cash used in operating activities (948,415) (5,303,332)
 Cash flows from investing activities:    
Purchases of property and equipment (8,911)
Net cash used in investing activities (8,911)
 Cash flows from financing activities:    
Tax withholding related to the vesting of restricted stock units (21,803)
Proceeds from sales of Common Stock, net of offering costs 2,684,754
Proceeds from stock option exercises 2,171
Proceeds from exercises of warrants 655,000
Proceeds from loans payable 350,000
Proceeds from convertible notes payable 5,000,000
Proceeds from line of credit 11,880,300 6,270,625
Payments on line of credit (12,057,026) (6,473,657)
Payments on loans payable (163,118) (1,658,754)
Payments of debt issuance costs (5,250) (1,408,642)
Net cash (used in) provided by financing activities (16,897) 5,071,497
Net decrease in cash and cash equivalents (974,223) (231,835)
Cash and cash equivalents - beginning of the period 1,695,994 992,589
Cash and cash equivalents - end of the period 721,771 760,754
Cash paid for:    
Interest 253,573 556,679
Income taxes
 Supplemental disclosures of non-cash investing and financing activities:    
Common Stock issued in exchange for services 91,000
Conversion of convertible notes - Common Stock 8,988,669
Conversion of Series B Preferred Stock to Common Stock 290,880
Adjustment to redemption value of Series B Preferred Stock 14,200
Conversion of Series B Preferred Stock to loan payable $ 1,866,900