XML 18 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 437,604 $ 511,400
Accounts receivable, net 718,229 1,201,526
Due from factor 74,170 99,320
Inventory, net of reserve 378,307 445,740
Prepaid expenses and other 278,648 364,171
Total current assets 1,886,958 2,622,157
Equipment and leasehold improvements, net 140,198 220,177
Capitalized contract costs, net 409,426 229,806
Deposits and other assets 7,976 0
Operating lease right-of-use assets 73,372 36,905
Investments 5,000,000 0
Intangible assets, net 1,097,630 1,407,990
Total non-current assets 6,728,602 1,894,878
TOTAL ASSETS 8,615,560 4,517,035
LIABILITIES    
Accounts payable 818,187 1,316,014
Accrued liabilities 1,278,732 1,305,848
Deferred revenue - current 773,267 414,968
Operating lease liabilities, current portion 24,642 37,829
Total current liabilities 4,553,536 3,213,389
Deferred revenue, net of current portion 196,237 28,296
Deferred tax liability 0 22,998
Government loan – BBVA Bank, net of current portion 44,762 188,787
Operating lease liabilities, net of current portion 48,994 0
Total non-current liabilities 289,993 240,081
TOTAL LIABILITIES 4,843,529 3,453,470
Commitments (Note O)
STOCKHOLDERS’ EQUITY    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 3,715,483 and 1,032,777 of $.0001 par value at December 31, 2024 and December 31, 2023, respectively 372 103
Additional paid-in capital 133,030,271 126,047,851
Accumulated other comprehensive loss 49,290 22,821
Accumulated deficit (129,307,902) (125,007,210)
TOTAL STOCKHOLDERS’ EQUITY 3,772,031 1,063,565
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 8,615,560 4,517,035
Senior Secured Promissory Note [Member]    
LIABILITIES    
Debt, current 1,525,977 0
Government Loan [Member]    
LIABILITIES    
Debt, current $ 132,731 $ 138,730