Balance Sheet Components

9 Months Ended

12 Months Ended

Sep. 30, 2024

Dec. 31, 2023

Balance Sheet Components

Balance Sheet Components

5.    Balance Sheet Components

Prepaid expenses and other current assets

Prepaid expenses and other current assets as of September 30, 2024 and December 31, 2023 consisted of the following:

	September 30,		December 31,
	2024		2023
Prepaid operating expenses	$	253,973	$	216,875
Rent deposit		27,458		28,400
Value added tax receivable		48,177		116,095
Tax credit receivable (short-term)		25,045		102,151
Miscellaneous receivable		859,271		363,260
Prepaid expenses and other current assets	$	1,213,924	$	826,781

Capitalized internal-use software, net

Capitalized internal-use software, net as of as of September 30, 2024 and December 31, 2023 consisted of the following:

		September 30,		December 31,
	Useful Lives	2024		2023
Internally developed software	5 Years	$	4,363,338	$	3,901,801
Less: Accumulated depreciation			(2,830,981)		(2,429,427)
Capitalized internal-use software, net		$	1,532,357	$	1,472,374

Amortization expense is recognized on a straight-line basis and during the three months ended September 30, 2024 and 2023 totaled $141 thousand and $140 thousand, respectively. Amortization expense during the nine months ended September 30, 2024 and 2023 totaled $419 thousand, respectively.

As of September 30, 2024, the Company determined that $24 thousand of Capitalized internal-use software were impaired. The impaired Capitalized internal-use software was expensed to Research and development during the nine months ended September 30, 2024.

Property and equipment, net

Property and equipment, net as of as of September 30, 2024 and December 31, 2023 consisted of the following:

		September 30,		December 31,
	Useful Lives	2024		2023
Computer equipment	3-4 Years	$	154,181	$	152,014
Furniture and fixtures	10 Years		34,675		28,052
Property and equipment, gross			188,856		180,066
Less: Accumulated depreciation			(149,031)		(123,630)
Property and equipment, net		$	39,825	$	56,436

Depreciation expense is recognized on a straight-line basis and during the three months ended September 30, 2024 and 2023 totaled $8 thousand and $10 thousand, respectively. Depreciation expense during the nine months ended September 30, 2024 and 2023 totaled $27 thousand and $62 thousand, respectively.

Accrued expenses

Accrued expenses as of September 30, 2024 and December 31, 2023 consisted of the following:

	September 30,		December 31,
	2024		2023
Compensation payable	$	672,587	$	377,403
Commission liability		19,885		26,863
Accrued employee taxes		890,411		624,525
Other accrued liabilities		87,377		115,099
Accrued expenses	$	1,670,260	$	1,143,890

4.    Balance Sheet Components

Prepaid expenses and other current assets

Prepaid expenses and other current assets as of December 31, 2023 and 2022 consisted of the following:

	As of December 31,
	2023		2022
Prepaid operating expenses	$	216,875	$	225,756
Rent deposit		28,400		55,981
Value added tax receivable		116,095		71,742
Tax credit receivable (short-term)		102,151		218,239
Miscellaneous receivable		363,260		8,368
Prepaid expenses and other current assets	$	826,781	$	580,086

Capitalized internal-use software, net

Capitalized internal-use software, net as of December 31, 2023 and 2022 consisted of the following:

		As of December 31,
	Useful Lives	2023		2022
Internally developed software	5 Years	$	3,901,801	$	3,314,450
Less: Accumulated depreciation			(2,429,427)		(1,895,778)
Capitalized internal-use software, net		$	1,472,374	$	1,418,672

Amortization expense is recognized on a straight-line basis and for the years ended December 31, 2023 and 2022 totaled $557 thousand and $517 thousand, respectively.

The Company determined that as of December 31, 2023, $19 thousand of Capitalized internal - use software was impaired. The impaired Capitalized internal - use software was expensed to Research and development during the year ended December 31, 2023.

Property and equipment, net

Property and equipment, net as of December 31, 2023 and 2022 consisted of the following:

		As of December 31,
	Useful Lives	2023		2022
Computer equipment	3-4 Years	$	152,014	$	148,832
Furniture and fixtures	10 Years		28,052		27,220
Mobile hardware	2.5 years		—		297,150
Property and equipment, gross			180,066		473,202
Less: Accumulated depreciation			(123,630)		(172,538)
Property and equipment, net		$	56,436	$	300,664

Depreciation expense is recognized on a straight-line basis and for the years ended December 31, 2023 and 2022 totaled $72 thousand and $136 thousand, respectively.

On April 26, 2023, the Company sold a portion of the mobile hardware for a gross sales price of $180 thousand and a gain of $108 thousand. On May 26, 2023, the Company sold another portion of the mobile hardware for a gross sales price of $197 thousand and a gain of $108 thousand.

Accrued expenses

Accrued expenses as of December 31, 2023 and 2022 consisted of the following:

	As of December 31,
	2023		2022
Compensation payable	$	377,403	$	171,851
Commission liability		26,863		58,771
Accrued employee taxes		624,525		591,992
Accrued mobile expenses		—		177,099
Other accrued liabilities		115,099		100,111
Accrued expenses	$	1,143,890	$	1,099,824