Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 13,402,809 $ 14,847,949
Prepaid expenses and other current assets 1,301,485 1,696,513
Total current assets 14,704,294 16,544,462
Property and equipment, net 16,179 16,811
Right-of-use assets 190,964 205,837
Prepaid expenses, long-term 19,125 18,133
Goodwill 12,458,383 11,812,476
Intangible assets 69,303,582 65,710,527
Total assets 96,692,527 94,308,246
Current liabilities:    
Accounts payable 498,118 1,231,805
Accrued expenses 1,332,574 1,894,835
Lease liability, current portion 54,496 49,696
Total current liabilities $ 1,885,188 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 $ 132,494 $ 154,885
Deferred tax liability 12,134,222 11,314,925
Total liabilities 14,151,904 30,027,223
Commitments and contingencies (Note 12)
Series A Non-Voting Convertible Preferred Stock, $0.0001 par value; 2,270 shares authorized; 2,269.1494 shares issued and outstanding at June 30, 2025 and 2,213.8044 shares issued and outstanding at 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 June 30, 2025, respectively; and 1,339,896 and 1,332,178 shares issued and outstanding at December 31, 2024, respectively 191 133
Additional paid-in capital 71,001,615 67,856,589
Accumulated deficit (88,551,251) (73,818,946)
Accumulated other comprehensive loss (267,289) (3,862,987)
Stockholders' equity before treasury stock 7,177,727 (9,825,211)
Less: Treasury stock, 7,718 shares of common stock at cost (299,128) (299,128)
Total stockholders' equity (deficit) 6,878,599 (10,124,339)
Total liabilities, Series A Non-Voting Convertible Preferred Stock and Stockholders' equity (deficit) 96,692,527 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