v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (9,220,422) $ (8,724,246)
Adjustments to reconcile net loss with cash flows from operations:    
Stock-based compensation 2,268,850 1,532,540
Non-cash severance expense 206,000
Amortization expense 23,396 60,441
Provision for expected credit losses 576,038
Debt issuance costs 896,915
Fair value adjustment on senior secured debt (195,184)
Amortization of debt discounts and issuance costs 4,116
Changes in operating assets and liabilities:    
Accounts receivable (560,943) (1,557,917)
Contract assets 9,362 (137,211)
Deferred contract costs 64,046 (79,386)
Other current assets (132,205) (373,683)
Accounts payable and accrued expenses (58,527) (683,216)
Commissions liability (3,811) (151,463)
Deferred revenue 172,631 939,165
Net cash flows from operating activities (6,735,892) (8,388,822)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of intangible assets (1,700)
Net cash flows from investing activities (1,700)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of senior secured debt 4,005,048
Proceeds from sale of bonus shares 21,854
Proceeds from sale of warrants 138,098
Proceeds from sale of common stock 10,239,136
Payment of financing and offering costs (686,550) (1,774,809)
Repayment of convertible notes (245,000)
Net cash flows from financing activities 3,478,450 8,219,327
Effect of Foreign Currencies (86)
Net Change in Cash (3,257,442) (171,281)
Cash, Beginning of the Period 4,608,073 8,471,561
Cash, End of the Period 1,350,631 8,300,280
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest 5,952 10,370
Placement-agent warrants issued, at fair value 266,185 864,165
Allocation of proceeds from senior secured debt to investor warrants and bonus shares 159,952
Cashless option and warrant exercises $ 438,000