v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 951,698 $ 1,108,059
Accounts receivable, net 441,861 302,894
Prepaid expenses and other current assets 364,264 370,064
Total current assets 1,757,823 1,781,017
Property and equipment, net 8,244 4,096
Intangible assets, net 1,889,072 1,758,606
Operating lease right-of-use assets 80,411 89,685
Note receivable, long term 4,656,064 4,644,360
Total assets 8,391,614 8,277,764
Current liabilities:    
Accounts payable 1,398,579 1,390,109
Accrued expenses 263,330 332,973
Contract liabilities 342,584 329,725
Operating lease obligations 32,322 32,422
Notes payable 75,000 0
Total current liabilities 2,111,815 2,085,229
Deferred tax liability, net 398,463 407,901
Uncertain tax position liability 181,824 181,824
Operating lease obligation – net of current position 51,395 60,550
Total liabilities 2,743,497 2,735,504
Commitments and Contingencies  
Shareholders' equity:    
Common stock, $0.001 par value, 25,000,000 shares authorized; 8,613,299 shares issued and 8,465,666 shares outstanding at March 31, 2026, and 8,527,467 shares issued and 8,379,834 shares outstanding at December 31, 2025 8,614 8,528
Accrued common stock bonus 0 124,709
Additional paid-in capital 74,867,087 74,579,428
Accumulated other comprehensive income 225,052 240,700
Accumulated deficit (69,283,800) (69,242,269)
Common stock in treasury, at cost, 147,633 shares at March 31, 2026 and December 31, 2025 (168,836) (168,836)
Total shareholders’ equity 5,648,117 5,542,260
Total liabilities and shareholders’ equity 8,391,614 8,277,764
Series A Preferred Stock [Member]    
Shareholders' equity:    
Series A Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding at March 31, 2026, and December 31, 2025 $ 0 $ 0