v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 114,622 $ 1,989,354
Accounts receivable, net of allowance for expected credit losses of $648 at March 31, 2026 and December 31, 2025 29,538 34,605
Escrow funds receivable 1,500,000 1,500,000
Marketable securities 9,571,837 39,004,124
Prepaid expenses and other current assets 398,789 98,843
Total current assets 11,614,786 42,626,926
Property and equipment, net 16,715 16,866
Other long-term assets 121,945 378,682
Total assets 11,753,446 43,022,474
Current Liabilities:    
Accounts payable and accrued expenses 562,399 842,473
Payable to purchaser of discontinued operations 15,889
Income taxes payable 434,685 1,166,315
Total current liabilities 997,084 2,024,677
Deferred tax liability - non-current 86,445 312,334
Total long-term liabilities 86,445 312,334
Total liabilities 1,083,529 2,337,011
Stockholders’ equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized; 0 shares issued and outstanding at March 31, 2026 and December 31, 2025
Common stock, par value $0.001; 250,000,000 shares authorized; 7,792,267 and 2,167,138 shares issued and outstanding at March 31, 2026, respectively; 7,792,267 shares issued and outstanding at December 31, 2025 7,793 7,793
Treasury stock, at cost; 5,625,129 and 0 shares as of March 31, 2026 and December 31, 2025, respectively (29,821,464)
Additional paid-in capital 41,117,566 40,706,616
Retained earnings (accumulated deficit) (409,161) 222,111
Accumulated other comprehensive loss (14,235)
Total Data Storage Corporation stockholders’ equity 10,894,734 40,922,285
Non-controlling interest in consolidated subsidiary (224,817) (236,822)
Total stockholders’ equity 10,669,917 40,685,463
Total liabilities and stockholders’ equity $ 11,753,446 $ 43,022,474

Source

10-Q XBRL Zip