$IPM

Snap Interactive, Inc

CIK:0001355839|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue
Total revenue	$ 6,462,542	$ 5,722,599	$ 12,817,293	$ 11,240,637
Costs and expenses
Costs of revenue	3,791,615	2,857,449	7,051,781	5,322,112
Sales, marketing and product development expense	767,668	839,397	1,545,697	1,604,761
General and administrative expense	2,555,085	2,481,801	5,062,716	5,419,698
Depreciation and amortization	477,684	673,651	953,182	1,357,692
Litigation expenses relating to the Cisco ManyCam Litigation	382,861		484,470
Total costs and expenses	7,974,913	6,852,298	15,097,846	13,704,263
Loss from operations	(1,512,371)	(1,129,699)	(2,280,553)	(2,463,626)
Interest income, net	57,848	87,928	119,226	170,320
Other income		63,750	22,000	63,750
Loss from operations before income tax benefit (expense)	(1,454,523)	(978,021)	(2,139,327)	(2,229,556)
Income tax benefit (expense)	103,025	(72,007)	127,615	1,988,058
Net loss	$ (1,351,498)	$ (1,050,028)	$ (2,011,712)	$ (241,498)
Net loss per share of common stock:
Basic net loss income per share	$ (0.1)	$ (0.08)	$ (0.15)	$ (0.02)
Diluted net loss income per share	$ (0.1)	$ (0.08)	$ (0.15)	$ (0.02)
Weighted average number of shares of common stock used in calculating net loss per share of common stock:
Weighted average number of shares, Basic (in Shares)	13,035,729	13,201,658	13,053,463	13,197,125
Weighted average number of shares, Diluted (in Shares)	13,035,729	13,201,658	13,053,463	13,197,125
Managed information technology
Revenue
Total revenue	$ 3,802,320	$ 3,506,754	$ 7,722,814	$ 7,065,587
Procurement revenue
Revenue
Total revenue	2,047,677	1,248,401	3,744,578	2,199,780
Professional services revenue
Revenue
Total revenue	363,055	688,815	846,355	1,415,422
Subscription revenue
Revenue
Total revenue	$ 249,490	$ 278,629	$ 503,546	$ 559,848
Series A Preferred Stock
Net loss per share of common stock:
Basic net loss income per share	$ (0.1)	$ (0.08)	$ (0.15)	$ (0.02)
Diluted net loss income per share	$ (0.1)	$ (0.08)	$ (0.15)	$ (0.02)
Weighted average number of shares of common stock used in calculating net loss per share of common stock:
Weighted average number of shares, Basic (in Shares)	4,000,000	4,000,000	4,000,000	3,977,901
Weighted average number of shares, Diluted (in Shares)	4,000,000	4,000,000	4,000,000	3,977,901
Common Stock
Net loss per share of common stock:
Basic net loss income per share	$ (0.1)	$ (0.08)	$ (0.15)	$ (0.02)
Diluted net loss income per share	$ (0.1)	$ (0.08)	$ (0.15)	$ (0.02)
Weighted average number of shares of common stock used in calculating net loss per share of common stock:
Weighted average number of shares, Basic (in Shares)	9,035,729	9,201,658	9,053,463	9,219,225
Weighted average number of shares, Diluted (in Shares)	9,035,729	9,201,658	9,053,463	9,219,225

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (2,011,712)	$ (241,498)
Adjustments to reconcile net loss from continuing operations to net cash (used in) provided by operating activities:
Amortization of intangible assets	724,780	1,130,176
Amortization of operating lease right-of-use assets	345,445	415,661
Depreciation on property and equipment	228,402	227,515
Deferred taxes	(20,965)	(1,971,762)
Stock-based compensation	65,128	245,389
Change in allowance for credit losses	(1,896)	3,436
Changes in operating assets and liabilities, net of acquired assets and disposition:
Accounts receivable	(269,769)	1,199,060
Operating lease liability	(289,368)	(420,414)
Prepaid expense and other current assets	(981,482)	(1,650,494)
Other assets	121,665
Accounts payable, accrued expenses and other current liabilities	712,047	2,067,674
Deferred revenue	590,995	(148,638)
Net cash (used in) provided by operating activities	(786,730)	856,105
Cash flows from investing activities:
Purchase of fixed assets	(78,689)	(280,149)
Cash paid for acquisition of NTS		(4,000,000)
Net cash used in investing activities	(78,689)	(4,280,149)
Cash flows from financing activities:
Purchase of treasury stock	(83,491)	(212,798)
Proceeds from sale of Transferred Assets		1,350,000
Net cash (used in) provided by financing activities	(83,491)	1,137,202
Net decrease in cash and cash equivalents	(948,910)	(2,286,842)
Balance of cash, cash equivalents and restricted cash at beginning of period	8,434,061	10,588,534
Balance of cash, cash equivalents and restricted cash at end of period	7,485,151	8,301,692
Cash and cash equivalents	5,228,082	6,624,860
Cash and cash equivalents (on deposit with related party)	2,257,069	662,118
Cash and cash equivalents - restricted cash (on deposit with related party)		1,014,714
Balance of cash and cash equivalents at end of period	7,485,151	8,301,692
Supplemental non-cash disclosure:
Operating lease extension, right of use asset	3,355,202
Non-cash portion of consideration for acquisition of NTS (Series A Preferred Stock issuance)		$ 8,200,000

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 5,228,082	$ 5,597,014
Cash and cash equivalents (on deposit with a related party)	2,257,069	1,801,300
Cash and cash equivalents – restricted cash (on deposit with related party)		1,035,747
Accounts receivable, net of allowance of $98,104 and $100,000 as of June 30, 2026 and December 31, 2025, respectively	1,920,708	1,599,725
Prepaid expense and other current assets	2,345,056	1,363,574
Total current assets	11,777,198	11,472,961
Property and equipment, net	400,915	550,628
Intangible assets, net	6,994,056	7,718,836
Goodwill	4,555,208	4,555,208
Operating lease right of use assets, net	4,149,953	1,140,196
Other assets	481,023	602,688
Total assets	28,358,353	26,040,517
Current liabilities:
Accounts payable	2,752,648	1,604,898
Accrued expenses and other current liabilities	583,805	1,031,733
Operating lease liabilities, current portion	564,980	756,590
Deferred revenue	4,469,109	3,878,114
Total current liabilities	8,429,217	7,317,785
Operating lease liabilities, non-current portion	3,645,350	387,906
Deferred tax liability	127,933	148,898
Total liabilities	12,202,500	7,854,589
Commitments and contingencies (Note 12)
Stockholders’ equity:
Series A Preferred Stock, $0.001 par value, 9,000,000 authorized, 4,000,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025	4,000	4,000
Common stock, $0.001 par value, 50,000,000 shares authorized, 9,878,950 shares issued and 9,035,729 and 9,085,729 shares outstanding as of June 30, 2026 and December 31, 2025, respectively	9,879	9,879
Treasury stock, 843,221 and 793,221 shares repurchased as of June 30, 2026 and December 31, 2025, respectively	(1,583,876)	(1,500,385)
Additional paid-in capital	45,004,875	44,939,747
Accumulated deficit	(27,279,025)	(25,267,313)
Total stockholders’ equity	16,155,853	18,185,928
Total liabilities and stockholders’ equity	28,358,353	26,040,517
Related Party
Current assets:
Due from related party	26,283	75,601
Current liabilities:
Due to related party	$ 58,675	$ 46,450