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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 3,133,752 $ 437,604
Accounts receivable, net 803,277 718,229
Due from factor 40,450 74,170
Inventory 357,842 378,307
Prepaid expenses and other 254,285 278,648
Total current assets 4,589,606 1,886,958
Equipment and leasehold improvements, net 122,986 140,198
Capitalized contract costs, net 375,705 409,426
Deposits and other assets 7,976 7,976
Operating lease right-of-use assets 67,142 73,372
Investments 5,000,000 5,000,000
Intangible assets, net 1,020,261 1,097,630
Total non-current assets 6,594,070 6,728,602
TOTAL ASSETS 11,183,676 8,615,560
LIABILITIES    
Accounts payable 568,836 818,187
Accrued liabilities 1,042,411 1,278,732
Deferred revenue, current 928,291 773,267
Operating lease liabilities, current portion 25,260 24,642
Total current liabilities 3,465,616 4,553,536
Deferred revenue, long term 136,931 196,237
Government loan – BBVA Bank – net of current portion 11,666 44,762
Operating lease liabilities, net of current portion 42,410 48,994
Total non-current liabilities 191,007 289,993
TOTAL LIABILITIES 3,656,623 4,843,529
Commitments and Contingencies
STOCKHOLDERS’ EQUITY    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 5,814,041 and 3,715,483 of $.0001 par value at March 31, 2025 and December 31, 2024, respectively 582 372
Additional paid-in capital 137,514,825 133,030,271
Accumulated other comprehensive loss 56,093 49,290
Accumulated deficit (130,044,447) (129,307,902)
TOTAL STOCKHOLDERS’ EQUITY 7,527,053 3,772,031
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 11,183,676 8,615,560
Senior Secured Promissory Note [Member]    
LIABILITIES    
Debt, current 762,151 1,525,977
Government Loan [Member]    
LIABILITIES    
Debt, current $ 138,667 $ 132,731