v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 5,755,661 $ 11,414,830
Accounts receivable, net of allowance for credit losses of $0 1,247,321 1,226,757
Prepaid expenses and other 31,431 17,883
Total current assets 7,034,413 12,659,470
OTHER ASSETS    
Other assets 160,528 165,960
Operating lease right of use asset 908,029 882,024
TOTAL ASSETS 8,102,970 13,707,454
CURRENT LIABILITIES:    
Accounts payable - trade 339,468 759,480
Advances from founders 0 1,300,000
Accrued expenses 45,819 51,649
Current portion of operating lease liability 427,498 305,178
Deferred revenue- current portion 4,652,485 3,238,483
Total current liabilities 5,465,270 5,654,790
NON-CURRENT LIABILITIES:    
Operating lease liability, net of current portion 539,375 638,525
Warrant liability 27,822,380 34,180,618
Earnout liability 11,607,790 23,304,808
Deferred revenue- non-current 2,749,263 2,951,850
Total liabilities 48,184,078 66,730,591
STOCKHOLDERS' DEFICIT:    
Preferred stock - no par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of September 30, 2025 and December 31, 2024 0 0
Common stock - $0.0001 par value, 200,000,000 shares authorized, 32,013,300 and 30,588,413 shares issued and outstanding as of September 30, 2025 and December 31, 2024 3,198 3,056
Additional paid in capital 28,507,356 21,918,867
Accumulated deficit (68,580,783) (74,941,590)
Accumulated other comprehensive loss (10,879) (3,470)
Total stockholders' deficit (40,081,108) (53,023,137)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 8,102,970 $ 13,707,454

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