Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 20,684,014 $ 23,601,810
Restricted cash 742,730 700,058
Accounts receivable, net 2,343,804 2,849,864
Deferred franchise and regional development costs, current portion 903,009 945,933
Prepaid expenses and other current assets 3,143,125 1,744,556
Discontinued operations current assets ($1.0 million and $1.0 million attributable to VIEs, respectively) 21,774,582 22,246,318
Total current assets 49,591,264 52,088,539
Property and equipment, net 3,042,920 3,159,226
Operating lease right-of-use asset 1,513,179 1,572,173
Deferred franchise and regional development costs, net of current portion 3,478,066 3,827,129
Deposits and other assets 296,042 319,460
Total assets 57,921,471 60,966,527
Current liabilities:    
Accounts payable 961,341 1,588,665
Accrued expenses 1,613,826 1,501,838
Co-op funds liability 742,730 700,058
Payroll liabilities 2,095,574 4,055,752
Operating lease liability, current portion 280,253 194,179
Deferred franchise fee revenue, current portion 2,487,723 2,519,018
Upfront regional developer fees, current portion 240,468 277,394
Other current liabilities 550,232 611,231
Discontinued operations current liabilities ($6.2 million and $6.1 million attributable to VIEs, respectively) 21,198,560 21,368,446
Total current liabilities 30,170,707 32,816,581
Operating lease liability, net of current portion 1,762,036 1,815,527
Deferred franchise fee revenue, net of current portion 10,207,587 10,899,271
Upfront regional developer fees, net of current portion 286,768 355,556
Total liabilities 42,427,098 45,886,935
Commitments and contingencies (Note 10)
Stockholders' equity:    
Series A preferred stock, $0.001 par value; 50,000 shares authorized, zero shares issued and outstanding, respectively 0 0
Common stock, $0.001 par value; 20,000,000 shares authorized, 15,739,642 shares issued and 14,267,643 shares outstanding and 15,471,715 shares issued and 14,142,626 shares outstanding, respectively 15,739 15,471
Additional paid-in capital 52,343,367 52,026,407
Treasury stock 1,471,999 shares and 1,329,089 shares, at cost, respectively (13,393,663) (12,192,081)
Accumulated deficit (23,496,070) (24,795,205)
Total The Joint Corp. stockholders' equity 15,469,373 15,054,592
Non-controlling Interest 25,000 25,000
Total equity 15,494,373 15,079,592
Total liabilities and stockholders' equity $ 57,921,471 $ 60,966,527