Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 17,539,004 $ 14,847,949
Prepaid expenses and other current assets 1,624,768 1,696,513
Total current assets 19,163,772 16,544,462
Property and equipment, net 15,899 16,811
Right-of-use assets 193,759 205,837
Prepaid expenses, long-term 18,150 18,133
Goodwill 11,823,159 11,812,476
Intangible assets 65,769,949 65,710,527
Total assets 96,984,688 94,308,246
Current liabilities:    
Accounts payable 1,153,642 1,231,805
Accrued expenses 1,375,464 1,894,835
Lease liability, current portion 50,719 49,696
Total current liabilities $ 2,579,825 3,176,336
Debt with related party, net of issuance costs   $ 15,381,077
Other Liability, Noncurrent, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Lease liability, long-term portion $ 140,525 $ 154,885
Deferred tax liability 11,515,383 11,314,925
Total liabilities 14,235,733 30,027,223
Commitments and contingencies (Note 12)
Series A Non-Voting Convertible Preferred Stock, $0.0001 par value; 2,213.8044 shares authorized, issued and outstanding at March 31, 2025 and December 31, 2024 75,662,024 74,405,362
Stockholders' equity (deficit):    
Common stock, $0.0001 par value; 43,000,000 shares authorized; 1,918,846 and 1,911,128 shares issued and outstanding at March 31, 2025, respectively; and 1,339,896 and 1,332,178 shares issued and outstanding at December 31, 2024 191 133
Additional paid-in capital 70,937,136 67,856,589
Accumulated deficit (84,743,898) (73,818,946)
Accumulated other comprehensive loss (3,801,831) (3,862,987)
Stockholders' equity before treasury stock 7,386,059 (9,825,211)
Less: Treasury stock, 7,718 shares of common stock at cost (299,128) (299,128)
Total stockholders' equity (deficit) 7,086,931 (10,124,339)
Total liabilities, Series A Non-Voting Convertible Preferred Stock and Stockholders' equity (deficit) 96,984,688 94,308,246
Series A-1 Non-Voting Convertible Preferred Stock    
Stockholders' equity (deficit):    
Preferred stock 24,994,461
Preferred Stock Excluding Series A and Series A-1 Non-Voting Convertible Preferred Stock    
Stockholders' equity (deficit):    
Preferred stock