v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 16,942,201 $ 19,315,984
Accounts receivable 2,223,694 1,256,725
Inventories, net 7,146,080 7,588,764
Prepaid expenses 503,806 169,913
Total Current Assets 26,815,781 28,331,386
Property and equipment, net 2,519,913 2,253,695
Operating lease right of use assets 4,239,148 4,399,975
Intangible assets, net 2,338,886 2,366,119
Goodwill 4,696,883 4,696,883
Cost method investment 348,250 348,250
Long term deposits 1,104,174 824,174
Total Assets 42,063,035 43,220,482
Current Liabilities    
Accounts payable and accrued expenses 1,704,407 941,408
Customer deposits 36,500 128,089
Current portion of financing lease obligations 15,563 16,522
Current portion of operating lease obligations 459,081 449,622
Total Current Liabilities 2,215,551 1,535,641
Long-term Liabilities    
Financing lease obligations, net of current portion 12,646 15,478
Operating lease obligations, net of current portion 4,020,472 4,139,562
Deferred tax liability 39,000 39,000
Total Liabilities 6,287,669 5,729,681
Commitments and Contingencies
Stockholders’ Equity    
Common stock, par value $0.001, 500,000,000 shares authorized, 19,658,960 and 19,656,460 shares issued and outstanding, respectively 19,658 19,656
Additional paid-in capital 58,608,356 58,483,272
Accumulated deficit (22,852,648) (21,012,127)
Total Stockholders’ Equity 35,775,366 37,490,801
Total Liabilities and Stockholders’ Equity $ 42,063,035 $ 43,220,482