Summary of Significant Accounting Policies (Tables)
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9 Months Ended |
Sep. 30, 2025 |
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| Accounting Policies [Abstract] |
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| Schedule of Identifiable Intangible Assets Subject to Amortization |
The fair value is determined based on the appraised value of the asset. Intangible assets are composed of developed technology, trade names and customer lists. Intangible assets subject to amortization consist of the following:
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Estimated Useful Life (years): |
September 30, 2025 |
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Customer relationships |
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6 - 7 |
$ |
1,139,710 |
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Trade name |
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10 - 15 |
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1,637,088 |
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Technology |
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6 - 8 |
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6,425,010 |
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9,201,808 |
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Less: Accumulated amortization |
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(869,712 |
) |
Intangible assets, net |
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$ |
8,332,096 |
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| Schedule of Expected Amortization Expense |
Expected amortization expense is as follows:
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Remainder of Year Ending December 31, 2025 |
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$ |
401,171 |
|
Year Ending December 31, 2026 |
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|
1,214,920 |
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Year Ending December 31, 2027 |
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|
1,214,920 |
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Year Ending December 31, 2028 |
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|
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1,214,920 |
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Year Ending December 31, 2029 |
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1,214,920 |
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Thereafter |
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3,161,948 |
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Total |
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$ |
8,422,799 |
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| Schedule of Basic and Diluted Net Loss Per Share |
The calculation of basic and diluted net loss per share attributable to common stock was as follows:
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For the Three Months Ended September 30, |
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For the Nine Months Ended September 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Numerator: |
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Net loss attributable to common shareholders—basic and diluted |
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$ |
(5,887,591 |
) |
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$ |
(15,413,927 |
) |
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$ |
(17,460,094 |
) |
|
$ |
(23,659,387 |
) |
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Denominator: |
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Weighted average shares—basic and diluted |
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3,591,228 |
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|
316,289 |
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2,256,990 |
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|
286,166 |
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Net loss per share attributable to common shareholders—basic and diluted |
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$ |
(1.64 |
) |
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$ |
(48.73 |
) |
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$ |
(7.74 |
) |
|
$ |
(82.68 |
) |
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| Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
Securities that were excluded from loss per share as their effect would be anti-dilutive due to the net loss position that could potentially be dilutive in future periods are as follows:
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As of September 30, |
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2025 |
|
|
2024 |
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Options |
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12,592 |
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|
2,695 |
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RSUs |
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|
414,429 |
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|
1,650 |
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Public warrant shares |
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|
23,000 |
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|
23,000 |
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GEM warrant shares |
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|
1,657 |
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|
1,657 |
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Common warrant shares |
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|
686,107 |
|
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|
452,761 |
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Placement agent warrant shares |
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|
71,827 |
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|
10,490 |
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Pre-funded warrants |
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|
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|
253,010 |
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Total |
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1,209,613 |
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|
745,263 |
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