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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 11,414,830 $ 3,124,413
Accounts receivable, net of allowance for credit losses of $0 1,226,757 1,648,904
Prepaid expenses and other 17,883 18,368
Income tax receivable 0 7,230
Total current assets 12,659,470 4,798,915
PROPERTY AND EQUIPMENT, NET 0 1,861
OTHER ASSETS    
Other assets 165,960 182,333
Operating lease right of use asset 882,024 1,104,804
TOTAL ASSETS 13,707,454 6,087,913
CURRENT LIABILITIES:    
Accounts payable - trade 759,480 2,908,472
Advances from founders 1,300,000 1,750,000
Accrued expenses 51,649 200,531
Senior Secured Convertible Promissory Notes 0 2,825,366
Current portion of operating lease liability 305,178 174,876
Deferred revenue- current portion 3,238,483 4,008,654
Total current liabilities 5,654,790 11,867,899
NON-CURRENT LIABILITIES:    
Operating lease liability, net of current portion 638,525 943,702
Warrant liability 34,180,618 667,985
Earnout liability 23,304,808 5,133,428
Deferred revenue- non-current 2,951,850 4,962,126
Total liabilities 66,730,591 23,575,140
STOCKHOLDERS' DEFICIT:    
Preferred stock - no par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023 0 0
Common stock - $0.0001 par value, 200,000,000 shares authorized, 30,588,413 and 22,812,048 shares issued and outstanding as of December 31, 2024 and 2023 3,056 2,281
Additional paid in capital 21,918,867 0
Accumulated deficit (74,941,590) (17,476,700)
Accumulated other comprehensive loss (3,470) (12,808)
Total stockholders' deficit (53,023,137) (17,487,227)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 13,707,454 $ 6,087,913