Full Press Release Details
| December 31, | December 31, | |||||||
| 2025 | 2024 | |||||||
| (Unaudited) | ||||||||
| ASSETS | ||||||||
| Current assets | ||||||||
| Cash | 5,902,759 | 326,115 | ||||||
| Accounts receivable, net of allowance for credit losses | 3,728,490 | 1,716,370 | ||||||
| Due from related party | 284,614 | 531,656 | ||||||
| Prepaids and other current assets | 422,522 | 446,826 | ||||||
| Total current assets | $ | 10,338,385 | $ | 3,020,967 | ||||
| Right-of-use assets, net | 293,588 | 379,585 | ||||||
| Intangible assets, net | 8,785,006 | 10,995,000 | ||||||
| Goodwill | 4,916,694 | 4,916,694 | ||||||
| Fixed assets, net | 325,748 | 680,242 | ||||||
| Total assets | $ | 24,659,421 | $ | 19,992,488 | ||||
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | ||||||||
| Current liabilities | ||||||||
| Accounts payable and accrued liabilities | 7,126,589 | 9,343,659 | ||||||
| Deferred revenue | 1,315,187 | 417,815 | ||||||
| Due to related party | 51,900 | 51,900 | ||||||
| Operating lease liabilities | 82,575 | 72,836 | ||||||
| Financing lease liabilities | 234,106 | 328,833 | ||||||
| Factoring payable | 94,220 | 179,007 | ||||||
| Encompass Purchase liability | 265,578 | 263,918 | ||||||
| Equity Line of Credit | 42,394 | 80,000 | ||||||
| Quantum convertible note, related party at fair value | - | 3,248,000 | ||||||
| September 2024 Convertible Note, at fair value | - | 2,094,000 | ||||||
| Loan payable, related party | 471,651 | 471,651 | ||||||
| Line of credit | 456,097 | 456,097 | ||||||
| Notes payable, net of discount | 438,550 | 433,983 | ||||||
| Common stock issuance obligation | 31,227 | 69,621 | ||||||
| Exchange Note, at fair value | - | 1,499,000 | ||||||
| Total current liabilities | $ | 10,610,074 | $ | 19,010,320 | ||||
| Notes payable, less current portion, net of discount | 584,807 | 593,941 | ||||||
| Operating lease liabilities, less current portion | 180,439 | 269,338 | ||||||
| Deferred revenue, net of current portion | - | 69,999 | ||||||
| Deferred tax liability | 67,379 | 67,378 | ||||||
| Total liabilities | $ | 11,442,699 | $ | 20,010,976 | ||||
| Stockholders' equity (deficit) | ||||||||
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized; 2,788 and 6,158 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 1 | 1 | ||||||
| Common stock, $0.0001 par value; 100,000,000 shares authorized 45,192,374 and 16,297,190 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 4,232 | 1,630 | ||||||
| Additional paid-in capital | 88,478,448 | 67,683,754 | ||||||
| Accumulated deficit | (75,265,959 | ) | (67,703,873 | ) | ||||
| Total stockholders' equity (deficit) | $ | 13,216,722 | $ | (18,488 | ) | |||
| Total liabilities and stockholders' equity (deficit) | $ | 24,659,421 | $ | 19,992,488 |