v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 11,750,021 $ 11,414,830
Accounts receivable, net of allowance for credit losses of $0 6,462,675 1,226,757
Prepaid expenses and other 294,191 17,883
Total current assets 18,506,887 12,659,470
OTHER ASSETS    
Other assets 160,528 165,960
Operating lease right of use asset 807,915 882,024
TOTAL ASSETS 19,475,330 13,707,454
CURRENT LIABILITIES:    
Accounts payable - trade 1,149,811 759,480
Advances from founders 0 1,300,000
Accrued expenses 27,966 51,649
Current portion of operating lease liability 438,635 305,178
Deferred revenue- current portion 4,668,105 3,238,483
Total current liabilities 6,284,517 5,654,790
NON-CURRENT LIABILITIES:    
Operating lease liability, net of current portion 425,109 638,525
Warrant liability 13,328,006 34,180,618
Earnout liability 2,620,933 23,304,808
Deferred revenue- non-current 3,966,407 2,951,850
Total liabilities 26,624,972 66,730,591
STOCKHOLDERS' DEFICIT:    
Preferred stock - no par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2025 and 2024 0 0
Common stock - $0.0001 par value, 200,000,000 shares authorized, 34,368,162 and 30,588,413 shares issued and outstanding as of December 31, 2025 and 2024 3,434 3,056
Additional paid in capital 38,478,030 21,918,867
Accumulated deficit (45,620,227) (74,941,590)
Accumulated other comprehensive loss (10,879) (3,470)
Total stockholders' deficit (7,149,642) (53,023,137)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 19,475,330 $ 13,707,454

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