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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 7,286,978 $ 10,588,534
Restricted cash 1,014,714
Accounts receivable, net of $269,850 allowance 2,405,772
Due from related party 864,879
Prepaid expense and other current assets 1,682,845 462,422
Operating lease right-of-use assets, net 74,490
Employee retention tax credit receivable, net 114,212 114,212
Assets held for sale – current 72,925
Total current assets 13,369,400 11,312,583
Property and equipment, net 790,680
Intangible assets, net 8,662,605 1,882,781
Goodwill 5,516,501 2,663,229
Operating lease right of use assets, net 1,483,724
Other assets 13,937 13,937
Total assets 29,836,847 15,872,530
Current liabilities:    
Accounts payable 2,340,097 380,298
Accrued expenses and other current liabilities 1,059,940 509,759
Operating lease liabilities, current portion 768,060 74,490
Deferred revenue 3,856,401 555,039
Earnout liability 704,000
Liabilities held for sale - current 2,024,237
Total current liabilities 8,728,498 3,543,823
Operating lease liabilities, non-current portion 710,911
Deferred tax liability 506,683 429,045
Total liabilities 9,946,092 3,972,868
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Series A Preferred Stock, $0.001 par value, 9,000,000 authorized, 4,000,000 and 0 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 4,000
Common stock, $0.001 par value, 25,000,000 shares authorized, 9,878,950 shares issued and 9,132,387 and 9,236,987 shares outstanding as of June 30, 2025 and December 31, 2024, respectively 9,879 9,879
Treasury stock, at cost, 746,563 and 641,963 shares repurchased as of June 30, 2025 and December 31, 2024, respectively (1,412,135) (1,199,337)
Additional paid-in capital 44,841,286 36,399,897
Accumulated deficit (23,552,275) (23,310,777)
Total stockholders’ equity 19,890,755 11,899,662
Total liabilities and stockholders’ equity $ 29,836,847 $ 15,872,530