XML 232 R76.htm IDEA: XBRL DOCUMENT v3.24.4
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