Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 18,299,059 $ 23,601,810
Restricted cash 569,643 700,058
Accounts receivable, net 2,475,757 2,849,864
Notes receivable 109,833 0
Deferred franchise and regional development costs, current portion 880,954 945,933
Prepaid expenses and other current assets 3,049,327 1,744,556
Discontinued operations current assets ($1.0 million attributable to VIEs) 7,486,845 22,246,318
Total current assets 32,871,418 52,088,539
Property and equipment, net 2,800,073 3,159,226
Operating lease right-of-use asset 1,395,838 1,572,173
Notes receivable, net of current portion 325,374 0
Deferred franchise and regional development costs, net of current portion 3,043,629 3,827,129
Deposits and other assets 262,308 319,460
Total assets 40,698,640 60,966,527
Current liabilities:    
Accounts payable 749,976 1,588,665
Accrued expenses 1,633,471 1,501,838
Co-op funds liability 569,643 700,058
Payroll liabilities 2,984,053 4,055,752
Operating lease liability, current portion 349,447 194,179
Deferred franchise fee revenue, current portion 2,495,505 2,519,018
Upfront regional developer fees, current portion 164,564 277,394
Other current liabilities 616,877 611,231
Discontinued operations current liabilities ($1.2 million and $6.1 million attributable to VIEs, respectively) 7,184,973 21,368,446
Total current liabilities 16,748,509 32,816,581
Operating lease liability, net of current portion 1,605,077 1,815,527
Deferred franchise fee revenue, net of current portion 9,896,113 10,899,271
Upfront regional developer fees, net of current portion 181,788 355,556
Total liabilities 28,431,487 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, 15,719,285 shares issued and 13,701,928 shares outstanding and 15,471,715 shares issued and 14,142,626 shares outstanding, respectively 15,719 15,471
Additional paid-in capital 53,102,139 52,026,407
Treasury stock 2,017,357 shares and 1,329,089 shares, at cost, respectively (17,915,296) (12,192,081)
Accumulated deficit (22,960,409) (24,795,205)
Total The Joint Corp. stockholders' equity 12,242,153 15,054,592
Non-controlling interest 25,000 25,000
Total equity 12,267,153 15,079,592
Total liabilities and stockholders' equity $ 40,698,640 $ 60,966,527