v3.25.1
CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 5,258,170 $ 2,628,987
Investments 4,895,184
Accounts receivable, net 89,664 107,918
Prepaid expenses 423,385 266,935
Inventory prepayments 379,853 424,594
Inventory 1,127,992 831,757
Due from Tekcapital and Affiliates 23,394
Other current assets 50,149 59,447
Total Current Assets 7,329,213 9,238,216
Non-Current Assets    
Intangible assets, net 457,750 451,302
Property and equipment, net 127,008 107,562
Other non-current assets 27,284 41,229
TOTAL ASSETS 7,941,255 9,838,309
Current Liabilities    
Accounts payable and accrued expenses 313,117 692,817
Deferred revenue 81,839 44,901
Due to Tekcapital and Affiliates 52,285  
Total Current Liabilities 447,241 737,718
Non-Current Liabilities    
Deferred revenue 5,450
TOTAL LIABILITIES 447,241 743,168
Commitments and contingencies (see Note 7)
Stockholders’ Equity    
Common stock (par value $0.00001, 50,000,000 shares authorized, and 2,452,627 and 2,452,632 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively) 25 25
Additional paid-in capital 34,008,622 33,831,046
Accumulated deficit (26,514,633) (24,735,930)
TOTAL STOCKHOLDERS’ EQUITY 7,494,014 9,095,141
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 7,941,255 $ 9,838,309