v3.25.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 5,397,770 $ 11,790,389
Restricted cash - held in escrow 1,000,000
Accounts receivable - net 2,486,889 3,000,209
Inventory 1,781,365 1,781,365
Prepaids and other 184,596 298,360
Total Current Assets 9,850,620 17,870,323
Property and equipment - net 523,556 591,088
Other Assets    
Note receivable 176,851 176,851
Intangibles - net 1,309,510 1,472,962
Goodwill 3,300,000 3,300,000
Operating lease - right of use asset - net 503,502 564,781
Total Other Assets 5,289,863 5,514,594
Total Assets 15,664,039 23,976,005
Current Liabilities    
Operating lease liability 248,069 248,069
Total Current Liabilities 5,740,255 6,059,476
Long Term Liabilities    
Operating lease liability 259,205 319,232
Total Long Term Liabilities 2,142,345 2,654,916
Total Liabilities 7,882,600 8,714,392
Stockholders’ Equity    
 Common stock, $0.001 par value, 500,000,000 shares authorized 20,431,549 shares issued and 20,068,929 shares outstanding, respectively, at March 31, 2025 and December 31, 2024 20,435 20,435
Additional paid-in capital 76,997,997 76,842,878
Treasury stock - at cost (362,620 and 0 shares, respectively) (631,967) (631,967)
Accumulated deficit (68,550,511) (60,915,427)
Stockholders’ equity 7,835,954 15,315,919
 Non-controlling interest (54,515) (54,306)
Total Stockholders’ Equity 7,781,439 15,261,613
Total Liabilities and Stockholders’ Equity 15,664,039 23,976,005
Nonrelated Party [Member]    
Current Liabilities    
Accounts payable and accrued expenses 3,760,820 3,929,195
Related Party [Member]    
Current Liabilities    
Accounts payable and accrued expenses 192,845
Note payable - related party 1,731,366 1,689,367
Long Term Liabilities    
Notes payable 1,416,513 1,866,288
SBA Government [Member]    
Long Term Liabilities    
Notes payable $ 466,627 $ 469,396