| Balance Sheets | 2026-06-30 | |||
|---|---|---|---|---|
| Cash and cash equivalents | 19,325,095 | |||
| Accounts receivable, net of allowance of 2,456,839 and 3,222,723 | 180,003,393 | |||
| Contract assets | 105,595,021 | |||
| Unbilled accounts receivable | 5,481,333 | |||
| Due from related parties, current | 628,809 | |||
| Prepaid expenses and other current assets | 11,723,299 | |||
| Deposits, current | 8,000,000 | |||
| Total current assets | 330,756,950 | |||
| Property and equipment, net | 1,372,529 | |||
| Operating leases right-of-use assets | 4,770,213 | |||
| Finance leases right-of-use assets, net | 1,992,393 | |||
| Goodwill | 438,896,402 | |||
| Intangible assets, net | 186,027,460 | |||
| Due from related parties | 438,912 | |||
| Other assets | 1,359,666 | |||
| Total non-current assets | 634,857,575 | |||
| Total assets | 965,614,525 | |||
| Accounts payable | 165,960,132 | |||
| Accrued expenses and other current liabilities | 158,527,209 | |||
| Peo liability and accrued interest | 44,200,332 | |||
| Due to related parties-Related Party | 116,890 | |||
| Current operating lease liabilities | 2,140,707 | |||
| Current finance lease liabilities | 669,078 | |||
| Warrant liabilities, current | 6,080,000 | |||
| Line of credit, current portion | 41,198,353 | |||
| Notes payable, current portion-Nonrelated Party | 49,201,156 | |||
| Notes payable, current portion-Related Party | 0 | |||
| Convertible note payable related parties-Related Party | 161,961,751 | |||
| Factoring debt, current portion | 202,127,079 | |||
| Short-term debt | 2,463,482 | |||
| Contingent consideration liability related parties | 7,950,000 | |||
| Total current liabilities | 842,596,169 | |||
| Notes payable, net of current portion - related parties-Nonrelated Party | 19,332,292 | |||
| Notes payable, net of current portion - related parties-Related Party | 89,638,035 | |||
| Warrant liabilities, non-current | 1,526,672 | |||
| Non-current operating lease liabilities | 2,412,063 | |||
| Non-current finance lease liabilities | 1,377,870 | |||
| Deferred tax liability | 29,738,302 | |||
| Other liabilities | 953,163 | |||
| Total non-current liabilities | 144,978,397 | |||
| Total liabilities | 987,574,566 | |||
| Series b convertible preferred stock, 5 cumulative dividends, 15,000 and 0 shares designated at june30, 2026 and december31, 2025, respectively 8,950 and 240 shares issued and outstanding at june30, 2026 and december31, 2025 , respectively and 0 shares issued and outstanding at december31, 2025, redemption amount of 554,764 and 0 as of june30, 2026 and december31, 2025, respectively | 224,014 | |||
| Redeemable noncontrolling interest | 3,357,497 | |||
| Common stock, 0.00001 par value 300,000,000 shares authorized 89,963,174 and 55,713,259 shares issued and outstanding as of june30, 2026 and december31, 2025, respectively | 900 | |||
| Additional paid-in capital | 293,569,042 | |||
| Accumulated deficit | -312,025,652 | |||
| Accumulated other comprehensive income (loss), net of tax | -7,085,842 | |||
| Total stockholders equity/(deficit) | -25,541,552 | |||
| Total liabilities, mezzanine equity and stockholders equity | 965,614,525 | |||
CIRCLE8 GROUP INC (CIRCW)
CIRCLE8 GROUP INC (CIRCW)