v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Dec. 31, 2023
Current assets:      
Cash $ 2,253,903 $ 1,087,497 $ 2,093,718
Accounts receivable, net of allowance for credit losses of $24,210 and $5,748, respectively 809,482 936,321 105,049
Prepaid expenses and other current assets 757,513 643,674 741,155
Total current assets 3,820,898 2,667,492 2,939,922
Property and equipment, net 10,703 3,539 4,644
Intangible assets, net 8,635,827 3,883,853
Goodwill 21,991,721 [1] 18,972,475 [1] 2,171,526
Operating lease right-of-use assets 61,101 72,565 134,013
Deferred tax asset 140,644  
Other assets 13,984 11,154 38,381
Total assets 34,675,878 25,674,078 5,288,486
Current liabilities:      
Accounts payable 3,095,393 7,782,746 6,439,863
Accrued expenses and other current liabilities 4,405,626 3,891,018 5,194,240
Convertible notes, carried at fair value 2,676,000  
Notes payable, carried at fair value 4,661,000 3,575,000
Deferred underwriting fees     4,000,000
Deferred fee     500,000
Private placement warrant liability 361,000  
Earnout liability 2,324,365 14,850 59,399
Due to related party 167,118 167,118 67,118
GEM commitment fee liability     2,000,000
Deferred revenue 4,095,847 3,934,627 1,214,096
Operating lease liabilities, current 24,250 22,731 234,043
Total current liabilities 30,244,142 28,260,148 37,089,615
Deferred revenue - long-term 115,725 117,643
Deferred tax liability 1,120,218 10,115
Operating lease liabilities, non-current 37,414 49,974
Other long-term liabilities     75,000
Total liabilities 31,517,499 28,437,880 37,164,615
Commitments and contingencies (Note 17)
Stockholders’ equity (deficit):      
Common stock, $0.0001 par value, 275,000,000 (250,000,000 Class A and 25,000,000 Class B) shares authorized and 819,516 (588,403 Class A and 231,113 Class B) and 258,529 (27,416 Class A and 231,113 Class B) issued and outstanding at December 31 245 80 26
Preferred stock, $0.0001 par value, 75,000,000 shares authorized, 1 and 0 shares issued and outstanding at December 31, 2024 and December 31, 2023
Additional paid-in capital 92,875,082 75,515,831 14,890,169
Accumulated deficit (89,716,948) (78,279,713) (46,766,324)
Stockholders’ equity (deficit) 3,158,379 (2,763,802) (31,876,129)
Total liabilities and stockholders’ equity (deficit) 34,675,878 25,674,078 5,288,486
Reverse Stock Split [Member]      
Current assets:      
Cash   1,087,497  
Accounts receivable, net of allowance for credit losses of $24,210 and $5,748, respectively   936,321  
Prepaid expenses and other current assets   643,674  
Total current assets   2,667,492  
Property and equipment, net   3,539  
Intangible assets, net   3,883,853  
Goodwill   18,972,475  
Operating lease right-of-use assets   72,565  
Other assets   11,154  
Total assets   25,674,078  
Current liabilities:      
Accounts payable   7,782,746  
Accrued expenses and other current liabilities   3,891,018  
Notes payable, carried at fair value   3,575,000  
Deferred underwriting fees    
Deferred fee    
Earnout liability   14,850  
Due to related party   167,118  
GEM commitment fee liability    
Deferred revenue   3,934,627  
Operating lease liabilities, current   22,731  
Total current liabilities   28,260,148  
Deferred revenue - long-term   117,643  
Deferred tax liability   10,115  
Operating lease liabilities, non-current   49,974  
Other long-term liabilities    
Total liabilities   28,437,880  
Commitments and contingencies (Note 17)    
Stockholders’ equity (deficit):      
Common stock, $0.0001 par value, 275,000,000 (250,000,000 Class A and 25,000,000 Class B) shares authorized and 819,516 (588,403 Class A and 231,113 Class B) and 258,529 (27,416 Class A and 231,113 Class B) issued and outstanding at December 31   82  
Preferred stock, $0.0001 par value, 75,000,000 shares authorized, 1 and 0 shares issued and outstanding at December 31, 2024 and December 31, 2023    
Additional paid-in capital   75,515,829  
Accumulated deficit   (78,279,713)  
Stockholders’ equity (deficit)   (2,763,802) (31,876,129)
Total liabilities and stockholders’ equity (deficit)   25,674,078  
Related Party [Member]      
Current assets:      
Bifurcated embedded derivative asset - related party 1,000 63,000
Current liabilities:      
Convertible notes 8,425,943 8,639,701 5,233,932
Warrant liability 4,600 2,300 575,000
Related Party [Member] | Reverse Stock Split [Member]      
Current assets:      
Bifurcated embedded derivative asset - related party   63,000  
Current liabilities:      
Convertible notes   8,639,701  
Warrant liability   2,300  
Nonrelated Party [Member]      
Current liabilities:      
Convertible notes 215,057
Notes payable - related party, net of discount     9,164,924
Warrant liability $ 3,000 15,000 641,000
Nonrelated Party [Member] | Reverse Stock Split [Member]      
Current liabilities:      
Convertible notes   215,057  
Notes payable - related party, net of discount    
Warrant liability   15,000  
Yorkville [Member]      
Current liabilities:      
Convertible notes     $ 1,766,000
Yorkville [Member] | Reverse Stock Split [Member]      
Current liabilities:      
Convertible notes    
[1] Measured at period-end.