Annual report [Section 13 and 15(d), not S-K Item 405]

Restatement of Previously Issued Annual Consolidated Financial Statements for the Fiscal Year Ended December 31, 2024 - Consolidated Income Statement (Details)

v3.25.2
Restatement of Previously Issued Annual Consolidated Financial Statements for the Fiscal Year Ended December 31, 2024 - Consolidated Income Statement (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:                      
Total revenues $ 14,714,282 $ 12,654,396 $ 12,610,036 $ 12,184,716 $ 12,708,701 $ 11,591,646 $ 11,504,267 $ 11,172,863 $ 52,163,430 $ 46,977,477 $ 52,163,430
Cost of revenues:                      
Total cost of revenues 3,184,984 2,814,963 2,812,389 2,704,512 2,839,987 2,591,567 2,584,772 2,464,319 11,516,848 10,480,645 11,516,848
Selling and marketing expenses 2,791,468 2,504,168 3,440,391 2,237,583 1,663,768 2,240,656 2,470,188 2,315,052 10,973,610 8,689,664 10,973,610
Depreciation and amortization 353,466 345,835 342,454 329,634 329,919 318,539 314,894 314,796 1,371,389 1,278,148 1,371,389
General and administrative expenses 7,513,147 7,478,669 7,793,465 7,339,308 6,903,078 6,444,614 6,547,337 6,336,586 30,124,589 26,231,615 30,124,589
Total selling, general and administrative expenses 10,658,081 10,328,672 11,576,310 9,906,525 8,896,765 9,003,809 9,332,419 8,966,434 42,469,588 36,199,427 42,469,588
Net loss (gain) on disposition or impairment 61,501 3,581 662 275 (22,694) 87 1,713 0 66,019 (20,894) 66,019
(Loss) income from operations 809,716 (492,820) (1,779,325) (426,596) 994,643 (3,817) (414,637) (257,890) (1,889,025) 318,299 (1,889,025)
(Loss) income before income tax expense 889,445 (408,992) (1,698,854) (390,337) 998,781 (9,301) (520,332) (215,142) (1,608,738) 254,006 (1,608,738)
Income tax expense (19,536) 5,391 11,169 8,582 11,177,392 (15,971) (95,823) (42,187) 5,606 11,023,411 5,606
Net income (loss) from continuing operations 908,981 (414,383) (1,710,023) (398,919) (10,178,611) 6,670 (424,509) (172,955) (1,614,344) (10,769,405) (1,614,344)
Discontinued Operations:                      
(Loss) income from discontinued operations before income tax expense (1,075,745) (2,693,562) (1,719,222) 1,516,243 (1,142,713) (894,990) 39,258 3,383,195 (3,972,286) 1,384,750 (3,972,286)
Income tax expense from discontinued operations (184,429) 57,194 167,153 170,345 (279,725) (172,047) (64,762) 884,076 210,263 367,542 210,263
Net (loss) income from discontinued operations (891,316) (2,750,756) (1,886,375) 1,345,898 (862,988) (722,943) 104,020 2,499,119 (4,182,549) 1,017,208 (4,182,549)
Net loss $ 17,665 $ (3,165,139) $ (3,596,398) $ 946,979 $ (11,041,599) $ (716,273) $ (320,489) $ 2,326,164 $ (5,796,893) $ (9,752,197) $ (5,796,893)
Net loss from continuing operations per common share:                      
Basic (in dollars per share) $ 0.06 $ (0.03) $ (0.11) $ (0.03) $ (0.69) $ 0 $ (0.03) $ (0.01) $ (0.11) $ (0.73)  
Diluted (in dollars per share) 0.06 (0.03) (0.11) (0.03) (0.68) 0 (0.03) (0.01) (0.11) (0.72)  
Net (loss) income from discontinued operations per common share:                      
Basic (in dollars per share) (0.06) (0.18) (0.13) 0.09 (0.06) (0.05) 0.01 0.17 (0.28) 0.07 $ (0.28)
Diluted (in dollars per share) (0.06) (0.18) (0.12) 0.09 (0.06) (0.05) 0.01 0.17 (0.28) 0.07 (0.28)
Net income (loss) per common share:                      
Basic Net loss per share (in dollars per share) 0.00 (0.21) (0.24) 0.06 (0.75) (0.05) (0.02) 0.16 (0.39) (0.66) (0.39)
Diluted Net loss per share (in dollars per share) $ 0.00 $ (0.21) $ (0.24) $ 0.06 $ (0.74) $ (0.05) $ (0.02) $ 0.16 $ (0.38) $ (0.65) $ (0.38)
Other revenues                      
Revenues:                      
Total revenues                 $ 2,153,177 $ 1,526,145 $ 2,153,177
Software fees                      
Revenues:                      
Total revenues                 5,687,326 5,086,562  
Cost of revenues:                      
Cost of revenues                 1,453,204 1,417,270 $ 1,453,204
As Previously Reported                      
Revenues:                      
Total revenues                 51,896,605    
Cost of revenues:                      
Total cost of revenues                 11,516,655    
Selling and marketing expenses                 10,923,342    
Depreciation and amortization                 1,363,453    
General and administrative expenses                 29,833,570    
Total selling, general and administrative expenses                 42,120,365    
Net loss (gain) on disposition or impairment                 14,642    
(Loss) income from operations                 (1,755,057)    
(Loss) income before income tax expense                 (1,474,770)    
Income tax expense                 62,142    
Net income (loss) from continuing operations                 (1,536,912)    
Discontinued Operations:                      
(Loss) income from discontinued operations before income tax expense                 (6,780,289)    
Income tax expense from discontinued operations                 212,642    
Net (loss) income from discontinued operations                 (6,992,931)    
Net loss                 $ (8,529,843)    
Net loss from continuing operations per common share:                      
Basic (in dollars per share)                 $ (0.10)    
Diluted (in dollars per share)                 (0.10)    
Net (loss) income from discontinued operations per common share:                      
Basic (in dollars per share)                 (0.47)    
Diluted (in dollars per share)                 (0.46)    
Net income (loss) per common share:                      
Basic Net loss per share (in dollars per share)                 (0.57)    
Diluted Net loss per share (in dollars per share)                 $ (0.56)    
As Previously Reported | Other revenues                      
Revenues:                      
Total revenues                 $ 1,886,352    
As Previously Reported | Software fees                      
Cost of revenues:                      
Cost of revenues                 1,453,011    
Adjustments                      
Revenues:                      
Total revenues                   266,825  
Cost of revenues:                      
Total cost of revenues                   193  
Selling and marketing expenses                   50,268  
Depreciation and amortization                   7,936  
General and administrative expenses                   291,019  
Total selling, general and administrative expenses                   349,223  
Net loss (gain) on disposition or impairment                   51,377  
(Loss) income from operations                   (133,968)  
(Loss) income before income tax expense                   (133,968)  
Income tax expense                   (56,536)  
Net income (loss) from continuing operations                   (77,432)  
Discontinued Operations:                      
(Loss) income from discontinued operations before income tax expense                   2,808,003  
Income tax expense from discontinued operations                   (2,379)  
Net (loss) income from discontinued operations                   2,810,382  
Net loss                 $ 2,732,950 $ 2,732,950  
Net loss from continuing operations per common share:                      
Basic (in dollars per share)                 $ (0.01)    
Diluted (in dollars per share)                 $ (0.01)    
Net (loss) income from discontinued operations per common share:                      
Basic (in dollars per share)                   $ 0.19  
Diluted (in dollars per share)                   0.18  
Net income (loss) per common share:                      
Basic Net loss per share (in dollars per share)                   0.18  
Diluted Net loss per share (in dollars per share)                   $ 0.17  
Adjustments | Other revenues                      
Revenues:                      
Total revenues                   $ 266,825  
Adjustments | Software fees                      
Cost of revenues:                      
Cost of revenues                   $ 193