v3.26.1
Restatement of Previously Issued Financial Statements (Tables)
9 Months Ended
Sep. 30, 2025
Restatement of Previously Issued Financial Statements [Abstract]  
Financial Statements - Restatement Reconciliation Tables
The following tables summarize the effect of the restatement on each financial statement line item as of the dates, and for the periods indicated. The amounts in the "As Restated" columns are the updated amounts including the impacts from the restatement. Financial statement line items and subtotals that were not impacted by the restatement adjustments have been omitted for enhanced clarity.
 
Balance Sheet – as of December 31, 2024:
 
   
As Previously
Reported
    
Adjustment
   
As Restated
 
                
Accrued expenses
 $1,931,281   $1,260,238   $3,191,519 
Total current liabilities
  13,137,858    1,260,238    14,398,096 
Deferred tax liabilities, net
  481,420    (274,112)    207,308 
Total liabilities
  13,770,752    986,126    14,756,878 
                
Accumulated deficit
  (19,072,209)    (986,126)    (20,058,335) 
Total stockholders’ equity
 $11,141,746   $(986,126)   $10,155,620 
 
Balance Sheet – as of September 30, 2025:
 
   
As Previously
Reported
   
Adjustment
   
As Restated
 
                
Accrued expenses
 $2,083,662   $1,640,794   $3,724,456 
Total current liabilities
  13,199,789    1,640,794    14,840,583 
Deferred tax liabilities, net
  481,420    (274,112)    207,308 
Total liabilities
  13,921,470    1,366,682    15,288,152 
                
Accumulated deficit
  (18,438,752)    (1,366,682)    (19,805,434) 
Total stockholders’ equity
 $11,945,366   $(1,366,682)   $10,578,684 
Statement of Operations – Three Months Ended September 30, 2025:
 
   
As Previously
Reported
   
Adjustment
   
As Restated
 
                
Selling, general, and administrative expenses
 $2,697,192   $111,089   $2,808,281 
Total operating expenses
  4,967,317    111,089    5,078,406 
Income from operations
  127,419    (111,089)    16,330 
Other income, net
  193,222    (28,966)    164,256 
Income before income taxes
  320,641    (140,055)    180,586 
Provision for income taxes
  (75,773)    20,456    (55,317) 
Net income
  244,868    (119,599)    125,269 
                
Net income per share – Basic and diluted
 $0.02   $(0.01)   $0.01 
 
Statement of Operations – Three Months Ended September 30, 2024:
 
   
As Previously
Reported
   
Adjustment
   
As Restated
 
                
Selling, general, and administrative expenses
 $2,256,732   $134,640   $2,391,372 
Total operating expenses
  4,560,116    134,640    4,694,756 
Income from operations
  449,254    (134,640)    314,614 
Other income, net
  267,092    (17,907)    249,185 
Income before income taxes
  716,346    (152,547)    563,799 
Provision for income taxes
  (164,764)    (11,886)    (176,650) 
Net income
  551,582    (164,433)    387,149 
                
Net income per share – Basic and diluted
 $0.05   $(0.01)   $0.04 
 
Statement of Operations – Nine Months Ended September 30, 2025:
 
   
As Previously
Reported
   
Adjustment
   
As Restated
 
                
Selling, general, and administrative expenses
 $7,801,311   $377,397   $8,178,708 
Total operating expenses
  14,751,634    377,397    15,129,031 
Income (loss) from operations
  274,056    (377,397)    (103,341) 
Other income, net
  553,739    (77,818)    475,921 
Income before income taxes
  827,795    (455,215)    372,580 
Provision for income taxes
  (194,338)    74,659    (119,679) 
Net income
  633,457    (380,556)    252,901 
                
Net income per share – Basic and diluted
 $0.06   $(0.04)   $0.02 
Statement of Operations – Nine Months Ended September 30, 2024:
 
   
As Previously
Reported
   
Adjustment
   
As Restated
 
                
Selling, general, and administrative expenses
 $7,505,751   $396,918   $7,902,669 
Total operating expenses
  14,364,077    396,918    14,760,995 
Income (loss) from operations
  387,768    (396,918)    (9,150) 
Other income, net
  664,587    (44,787)    619,800 
Income before income taxes
  1,052,355    (441,705)    610,650 
Provision for income taxes
  (244,180)    (35,658)    (279,838) 
Net income
  808,175    (477,363)    330,812 
                
Net income per share – Basic and diluted
 $0.08   $(0.05)   $0.03 
 
Statements of Stockholders' Equity – Three Months Ended September 30, 2025:
 
   
As Previously
Reported
   
Adjustment
   
As Restated
 
                
Balance as of July 1, 2025
              
Accumulated deficit
 $(18,683,620)   $(1,247,083)   $(19,930,703) 
Total stockholders’ equity
  11,677,738    (1,247,083)    10,430,655 
                
Balance as of September 30, 2025
              
Accumulated deficit
 $(18,438,752)   $(1,366,682)   $(19,805,434) 
Total stockholders’ equity
  11,945,366    (1,366,682)    10,578,684 
 
Statements of Stockholders' Equity – Three Months Ended September 30, 2024:
 
   
As Previously
Reported
   
Adjustment
   
As Restated
 
                
Balance as of July 1, 2024
              
Accumulated deficit
 $(20,490,518)   $(930,747)   $(21,421,265) 
Total stockholders’ equity
  9,672,092    (930,747)    8,741,345 
                
Balance as of September 30, 2024
              
Accumulated deficit
 $(19,938,936)   $(1,095,180)   $(21,034,116) 
Total stockholders’ equity
  10,249,953    (1,095,180)    9,154,773 
 
Statements of Stockholders' Equity – Nine Months Ended September 30, 2025:
 
   
As Previously
Reported
   
Adjustment
   
As Restated
 
                
Balance as of January 1, 2025
              
Accumulated deficit
 $(19,072,209)   $(986,126)   $(20,058,335) 
Total stockholders’ equity
  11,141,746    (986,126)    10,155,620 
                
Balance as of September 30, 2025
              
Accumulated deficit
 $(18,438,752)   $(1,366,682)   $(19,805,434) 
Total stockholders’ equity
  11,945,366    (1,366,682)    10,578,684 
Statements of Stockholders' Equity – Nine Months Ended September 30, 2024:
 
   
As Previously
Reported
   
Adjustment
   
As Restated
 
                
Balance as of January 1, 2024
              
Accumulated deficit
 $(20,747,111)   $(617,817)   $(21,364,928) 
Total stockholders’ equity
  9,367,886    (617,817)    8,750,069 
                
Balance as of September 30, 2024
              
Accumulated deficit
 $(19,938,936)   $(1,095,180)   $(21,034,116) 
Total stockholders’ equity
  10,249,953    (1,095,180)    9,154,773 
 
Statements of Cash Flows – Nine Months Ended September 30, 2025:
 
   
As Previously
Reported
   
Adjustment
   
As Restated
 
                
Cash flows from operating activities:
              
Net income
 $633,457   $(380,556)   $252,901 
                
Changes in operating assets and liabilities:
              
Accrued expenses
  152,381    380,556    532,937 
 
Statements of Cash Flows – Nine Months Ended September 30, 2024:
 
   
As Previously
Reported
   
Adjustment
   
As Restated
 
                
Cash flows from operating activities:
              
Net income
 $808,175   $(477,363)   $330,812 
                
Changes in operating assets and liabilities:
              
Accrued expenses
  291,619    477,363    768,982