For the quarter ending 2026-03-31, HIT had $2,655,454 increase in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Bad debt expense (recovery) | - | -18,135 | -4,089 | 5,990 |
| Net income (loss) | -1,588,281 | -302,557 | 452,176 | 1,129,223 |
| Amortization of debt discount | - | - | - | 0 |
| Amortization expense | 403,467 | 410,630 | 217,981 | 271,966 |
| Provision for refund liability | 108,402 | 1,522,510 | 1,413,345 | 955,743 |
| Provision for credit losses on other receivables | - | 377,587 | - | - |
| Deferred tax benefit | -484,472 | 482,866 | 12,680 | -66,547 |
| Interest income | 15,999 | 15,999 | 16,003 | 31,998 |
| Income taxes payable | - | 0 | -34,944 | -170,309 |
| Stock-based compensation expense | 366,562 | 76,733 | 292,552 | 1,201,134 |
| Accounts receivable | 2,981,360 | -130,475 | -416,592 | -359,982 |
| Long-term prepaid expenses | - | - | -151,000 | 357,666 |
| Other receivables | 11,740 | -25,705 | 16,272 | 3,354,582 |
| Prepaid expenses and other assets | -447,597 | 1,257,519 | 486,424 | 204,241 |
| Operating lease right-of-use assets and liabilities, net | 605 | 606 | -18 | -37 |
| Accounts payable and accrued expenses | 1,437,182 | 312,855 | -224,639 | 2,269,897 |
| Other current liabilities | -1,000,000 | -1,500,000 | -1,500,000 | - |
| Net cash provided by (used in) operating activities | -3,319,247 | 451,211 | 673,973 | 2,008,629 |
| Development of software | 362,131 | 831,708 | 744,841 | 1,613,372 |
| Interest received from loans receivable | - | 64,000 | - | - |
| Net cash used in investing activities | -362,131 | -767,708 | -744,841 | -1,613,372 |
| Proceeds from stock option exercises | - | 23,430 | - | - |
| Proceeds from issuance of common stock in connection with private investment in public equity financing, net of placement agent fees and escrow agent fees | 6,381,000 | - | - | - |
| Payments of deferred offering costs | 44,168 | 60,792 | 43,685 | 106,339 |
| Net cash provided by (used in) financing activities | 6,336,832 | -37,362 | -43,685 | -106,339 |
| Increase (decrease) in cash and cash equivalents | 2,655,454 | -353,859 | -114,553 | 288,918 |
| Cash and cash equivalents, beginning of period | 7,669,754 | 8,023,613 | 7,849,248 | - |
| Cash and cash equivalents, end of period | 10,325,208 | 7,669,754 | 8,023,613 | - |