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v3.25.2

Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2025
Accounting Policies [Abstract] |
Schedule of Allowance for Credit Losses | Changes in the allowance for credit losses for the periods ended June 30, 2025 and 2024 were as follows: Schedule of Allowance for Credit Losses
|  | Trade Receivables |
As of December 31, 2024 |  | $ | (55,907 | )
(Provisions) Reductions charged to operating results |  |  | (44,189 | )
Account write-offs |  |  | 15,063 |
As of March 31, 2025 |  | $ | (85,033 | )
(Provisions) Reductions charged to operating results |  |  | 11,223 |
Account write-offs |  |  | 2,293 |
As of June 30, 2025 |  | $ | (71,517 | )
|  | Trade Receivables |
As of December 31, 2023 |  | $ | (124,103 | )
(Provisions) Reductions charged to operating results |  |  | 14,588 |
As of March 31, 2024 |  | $ | (109,515 | )
(Provisions) Reductions charged to operating results |  |  | (10,850 | )
As of June 30, 2024 |  | $ | (120,365 | )
Schedule of Changes in Contract Assets and Liabilities | The following table present changes in our contract assets during the six months ended June 30, 2025 and 2024: Schedule of Changes in Contract Assets and Liabilities
|  | Balance at Beginning of Period |  |  | Billings |  |  | Payments Received |  |  | Balance at End of Period |
Six months ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  | $ | 1,111,504 |  |  | $ | 2,245,372 |  |  | $ | 97,054 |  |  | $ | (92,637 | )
Accounts receivable |  | $ | 1,111,504 |  |  | $ | 7,720,473 |  |  | $ | (8,060,175 | ) |  | $ | 771,802 |
Six months ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  | $ | 1,850,375 |  |  | $ | 8,889,383 |  |  | $ | (9,290,570 | ) |  | $ | 1,449,188 |
|  | Balance at Beginning of Period |  |  | Revenue Recognized in Advance of Billings |  |  | Billings |  |  | Balance at End of Period |
Six months ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable, unbilled |  | $ | 1,296,524 |  |  | $ | 2,245,372 |  |  | $ | (2,450,002 | ) |  | $ | 1,091,894 |
Six months ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable, unbilled |  | $ | 1,320,837 |  |  | $ | 2,972,740 |  |  | $ | (2,810,264 | ) |  | $ | 1,483,313 |
The following table presents changes in our contract liabilities during the six months ended June 30, 2025 and 2024:
|  | Balance at |  |  |  |  |  |  |  |  | Balance at |
|  | Beginning |  |  |  |  |  | Recognized |  |  | End of |
|  | of Period |  |  | Billings |  |  | Revenue |  |  | Period |
Six months ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract liabilities: Deferred revenue |  | $ | 3,411,852 |  |  | $ | 2,989,657 |  |  | $ | (3,808,137 | ) |  | $ | 2,593,372 |
Six months ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract liabilities: Deferred revenue |  | $ | 2,927,808 |  |  | $ | 3,953,386 |  |  | $ | (4,126,009 | ) |  | $ | 2,755,185 |
Schedule of Segment Information | Information by operating segment is as follows: Schedule of Segment Information
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | For the three months ended June 30, |  |  | For the six months ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Document Management |  | $ | 2,000,526 |  |  | $ | 1,859,088 |  |  | $ | 3,961,838 |  |  | $ | 3,679,508 |
Document Conversion |  |  | 2,010,287 |  |  |  | 2,782,505 |  |  |  | 4,296,320 |  |  |  | 5,469,169 |
Total revenues |  | $ | 4,010,813 |  |  | $ | 4,641,593 |  |  | $ | 8,258,158 |  |  | $ | 9,148,677 |
Cost of revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Document Management |  | $ | 288,849 |  |  | $ | 240,151 |  |  | $ | 547,094 |  |  | $ | 504,078 |
Document Conversion |  |  | 995,407 |  |  |  | 1,398,463 |  |  |  | 2,115,307 |  |  |  | 2,741,976 |
Total cost of revenues |  | $ | 1,284,256 |  |  | $ | 1,638,614 |  |  | $ | 2,662,401 |  |  | $ | 3,246,054 |
Gross profit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Document Management |  | $ | 1,711,677 |  |  | $ | 1,618,537 |  |  | $ | 3,414,744 |  |  | $ | 3,175,430 |
Document Conversion |  |  | 1,014,880 |  |  |  | 1,384,442 |  |  |  | 2,181,013 |  |  |  | 2,727,193 |
Total gross profit |  | $ | 2,726,557 |  |  | $ | 3,002,979 |  |  | $ | 5,595,757 |  |  | $ | 5,902,623 |
Capital additions, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Document Management |  | $ | 124,638 |  |  | $ | 104,421 |  |  | $ | 234,020 |  |  | $ | 215,040 |
Document Conversion |  |  | 123,332 |  |  |  | 166,413 |  |  |  | 237,884 |  |  |  | 183,726 |
Total capital additions, net |  | $ | 247,970 |  |  | $ | 270,834 |  |  | $ | 471,904 |  |  | $ | 398,766 |
|  | June 30, 2025 |  |  | December 31, 2024 |
Goodwill |  |  |  |  |  |  |  |
Document Management |  | $ | 3,989,645 |  |  | $ | 3,989,645 |
Document Conversion |  |  | 1,800,176 |  |  |  | 1,800,176 |
Total goodwill |  | $ | 5,789,821 |  |  | $ | 5,789,821 |
|  | June 30, 2025 |  |  | December 31, 2024 |
Total assets |  |  |  |  |  |  |  |
Document Management |  | $ | 8,746,641 |  |  | $ | 9,641,347 |
Document Conversion |  |  | 8,411,744 |  |  |  | 8,933,609 |
Total assets |  | $ | 17,158,385 |  |  | $ | 18,574,956 |

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