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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 5,369,817 $ 4,590,661
Marketable securities 30,279,208 30,492,088
Accounts receivable, net 5,267,632 3,971,702
Contract assets, net 2,666,627 2,586,712
Prepaid expenses 1,561,617 1,111,234
Other current assets 1,396,202 1,707,694
Total current assets 46,541,103 44,460,091
Property and equipment, net 37,504 46,652
Intangible assets, net 1,097,741 1,192,044
Right of use assets, net 23,988 35,560
Deposits and other assets 762,301 1,435,496
Total assets 48,462,637 47,169,843
Current liabilities:    
Accounts payable 1,875,222 982,665
Accrued expenses and other current liabilities 3,906,323 4,413,267
Short-term operating lease liabilities 23,988 23,423
Deferred revenues 4,911,427 4,487,686
Convertible notes payable, net of debt issuance costs (Note 11) ($6,000,000 in principal is held by a related party. Refer to Note 14) 6,804,016 6,697,649
Total current liabilities 17,520,976 16,604,690
Long-term liabilities:    
Other long-term liabilities 0 512,137
Total long-term liabilities 0 512,137
Total liabilities 17,520,976 17,116,827
Commitments and contingencies (Note 16)
Stockholders' equity:    
Preferred Stock; par value $0.001; 5,000,000 Shares authorized; 0 issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Common Stock; par value $0.001; 95,000,000 Shares authorized; 31,202,312 issued and outstanding as of June 30, 2025 and 31,010,788 issued and outstanding as of December 31, 2024 31,203 31,011
Additional paid-in capital 81,726,637 79,937,115
Accumulated deficit (50,816,179) (49,915,110)
Total stockholders' equity 30,941,661 30,053,016
Total liabilities and stockholders' equity $ 48,462,637 $ 47,169,843