Hi nd4spd,
I'm sorry that you're having this issue! In order to have the least impact on browser performance possible, the extension calculates the tab count display separately for each tab. When you switch to a tab for the first time, the addon waits a few seconds to count the tabs. When you first install the addon, it will not count tabs until you switch tabs at least once. However, if it always says "wait" after you install the extension and have started using your browser normally, then something is wrong. I will look into the issue!