v3.26.1
CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 9,337,275 $ 6,248,223
Held-to-maturity securities 8,498,606 10,618,881
Accounts receivable, net of allowance for credit losses of $30,000 3,642,532 3,786,681
Other current assets 920,125 1,131,686
Total current assets 22,398,538 21,785,471
Held-to-maturity securities 971,000 1,997,000
Property and equipment, net 390,963 415,859
Operating lease right-of-use asset, net 68,732 84,525
Goodwill 1,954,460 1,954,460
Deferred tax assets, net 58,709 58,709
Total assets 25,842,402 26,296,024
Current liabilities:    
Unexpired subscription revenue 11,244,709 10,933,761
Accounts payable 193,509 169,988
Operating lease liability 30,363 29,364
Accrued expenses 3,806,121 4,067,617
Total current liabilities 15,274,702 15,200,730
Unexpired subscription revenue, less current portion 132,629 178,936
Operating lease liability, less current portion 38,369 55,161
Total liabilities 15,445,700 15,434,827
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 shares 107,675 107,675
Additional paid-in capital 30,363,313 30,300,696
Accumulated deficit (20,074,286) (19,547,174)
Total stockholders’ equity 10,396,702 10,861,197
Total liabilities and stockholders’ equity $ 25,842,402 $ 26,296,024