v3.26.1

Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash and cash equivalents	$ 9,818,503	$ 6,775,139
Restricted cash	2,647,990	1,042,256
Accounts receivable, net of allowance for credit losses of $57,454 and $46,150, respectively	15,002,571	11,930,474
Unbilled accounts receivable	33,548,228	31,798,431
Other current assets	5,196,613	3,771,473
Total current assets	66,213,905	55,317,773
NONCURRENT ASSETS
Property and equipment, net	480,082	544,723
Lease right of use asset	3,904,479	4,183,561
Intangible assets, net	3,352,296	5,063,795
Goodwill	5,811,578	5,811,578
Deferred tax assets, net	1,123	0
Other long-term assets	48,822	659,086
Total assets	79,812,285	71,580,516
CURRENT LIABILITIES
Accounts payable	25,891,150	16,524,863
Accrued expenses	31,159,173	30,851,255
Current portion of deferred revenue	6,114,402	4,770,683
Current portion of lease liabilities	751,233	735,152
Total current liabilities	63,915,958	52,881,953
NONCURRENT LIABILITIES
Lease liabilities, net of current portion	3,930,495	4,200,019
Deferred revenue, net of current portion	435,151	907,160
Deferred tax liabilities, net	0	11,415
Total liabilities	68,281,604	58,000,547
Commitments and contingencies (Note 18)	0	0
STOCKHOLDERS' EQUITY
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 2,045,714 shares issued and none outstanding	0	0
Common stock, $0.001 par value; 30,000,000 shares authorized; 9,892,565 and 9,485,508 shares issued and outstanding, respectively	9,894	9,487
Additional paid-in capital	103,733,790	103,103,653
Accumulated other comprehensive loss	(379,665)	(450,945)
Accumulated deficit	(91,833,338)	(89,082,226)
Total stockholders' equity	11,530,681	13,579,969
Total liabilities and stockholders' equity	$ 79,812,285	$ 71,580,516

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

WIDEPOINT CORP 10-K