v3.26.1
CONDENSED BALANCE SHEETS - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 6,918,389 $ 6,674,473
Held-to-maturity securities 6,098,773 2,467,475
Accounts receivable, net of allowance for credit losses of $30,000 2,976,665 3,631,018
Other current assets 899,739 929,512
Total current assets 16,893,566 13,702,478
Held-to-maturity securities 6,481,000 8,758,000
Property and equipment, net 432,033 497,560
Operating lease right-of-use asset, net 105,777 0
Goodwill 1,954,460 1,954,460
Total assets 25,866,836 24,912,498
Current liabilities:    
Unexpired subscription revenue 10,894,478 10,886,860
Accounts payable 191,625 319,717
Operating lease liability, current portion 30,024 0
Accrued expenses 3,724,456 3,191,519
Total current liabilities 14,840,583 14,398,096
Deferred taxes on income, net 207,308 207,308
Unexpired subscription revenue, less current portion 164,508 151,474
Operating lease liability, less current portion 75,753 0
Total liabilities 15,288,152 14,756,878
Stockholders’ equity:    
Preferred stock, $.01 par value; authorized 5,000,000 shares; none issued 0 0
Common stock, $.01 par value; authorized 32,500,000 shares; issued and outstanding 10,767,501 and 10,722,401 shares, respectively 107,675 107,224
Additional paid-in capital 30,276,443 30,106,731
Accumulated deficit (19,805,434) (20,058,335)
Total stockholders’ equity 10,578,684 10,155,620
Total liabilities and stockholders’ equity $ 25,866,836 $ 24,912,498