v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 5,435,709 $ 3,084,461
Accounts receivable 5,134,459 2,110,715
Other receivables, net 1,217,692
Prepaid expenses and other current assets 373,949 199,309
Total current assets 10,944,117 6,612,177
Property, equipment and software, net 860,482 366,439
Intangible assets 2,888,743 3,529,835
Operating lease right-of-use assets, net 31,004
Goodwill 24,990
Deferred tax assets 26,371
Other assets 341,814 231,680
Total assets 15,086,517 10,771,135
Current liabilities    
Accounts payable 821,899 511,206
Contract liabilities 343,015 1,497,721
Accrued expenses and other current liabilities 1,307,982 1,169,737
Income tax payable 1,382,613 972,743
Current maturities of operating lease liabilities 30,350
Total current liabilities 3,855,509 4,181,757
Total liabilities 3,855,509 4,181,757
Stockholders’ equity    
Preferred Stock, authorized: 10,000,000 shares at $0.001 par value, including 3,000,000 shares designated as Series A Convertible Preferred Stock at $0.001 par value; 2,305,357 Series A shares issued and outstanding at June 30, 2026 and December 31, 2025, aggregate liquidation preference of $3,227,500 at June 30, 2026 and December 31, 2025, respectively 1,639,779 1,639,779
Common Stock, authorized: 60,000,000 shares at $0.01 par value; issued and outstanding: 8,528,598 shares at June 30, 2026 and 7,934,122 shares at December 31, 2025, respectively 85,286 79,341
Additional paid-in capital 102,750,237 100,500,280
Accumulated deficit (93,158,867) (95,621,579)
Accumulated other comprehensive loss (40,429) (8,443)
Total stockholders’ equity attributable to parent 11,276,006 6,589,378
Noncontrolling interests (44,998)
Total stockholders’ equity 11,231,008 6,589,378
Total liabilities and stockholders’ equity $ 15,086,517 $ 10,771,135