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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 12,796,004 $ 13,568,049
Accounts receivable, net of allowances of $26,559 as of June 30, 2024 and $23,326 as of December 31, 2023, respectively 92,758 92,704
Employee retention tax credit receivable, net 114,212 114,212
Prepaid expense and other current assets 721,572 990,634
Total current assets 13,724,546 14,765,599
Operating lease right-of-use assets 116,388 77,005
Goodwill 6,326,250 6,326,250
Intangible assets, net 2,293,311 2,704,477
Other assets 13,937 13,937
Total assets 22,474,432 23,887,268
Current liabilities:    
Accounts payable 812,164 792,053
Accrued expenses and other current liabilities 312,511 226,120
Operating lease liabilities, current portion 82,334 77,005
Deferred subscription revenue 1,891,047 2,043,362
Total current liabilities 3,098,056 3,138,540
Operating lease liabilities, non-current portion 34,054
Deferred tax liability 542,532 614,041
Total liabilities 3,674,642 3,752,581
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock, $0.001 par value, 25,000,000 shares authorized, 9,864,120 shares issued and 9,222,157 shares outstanding as of June 30, 2024 and December 31, 2023, respectively 9,864 9,864
Treasury stock, 641,963 shares repurchased as of June 30, 2024 and December 31, 2023, respectively (1,199,337) (1,199,337)
Additional paid-in capital 36,300,289 36,208,728
Accumulated deficit (16,311,026) (14,884,568)
Total stockholders’ equity 18,799,790 20,134,687
Total liabilities and stockholders’ equity $ 22,474,432 $ 23,887,268