v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 2,022,180 $ 1,172,104
Restricted cash and cash equivalents 20,000 20,000
Accounts receivable 3,651,310 67,119
Inventory 3,231,098 3,140,719
Prepaid expenses and other current assets 1,743,304 516,552
Total current assets 10,667,892 4,916,494
Property and equipment, net 166,676 195,783
Operating lease right-of-use assets, net 758,099 935,246
Other assets 39,150 39,150
Total assets 11,631,817 6,086,673
Current liabilities:    
Accounts payable 1,595,789 803,286
Accrued expenses and other current liabilities 4,210,416 3,549,954
Current maturities of long-term debt 36,698 4,985,833
Deferred revenue 34,286 49,365
Operating lease liabilities, current 429,350 405,678
Total current liabilities 6,306,539 9,794,116
Long-term debt 71,601 9,197
Related party notes payable 3,848,725 3,848,725
Operating lease liabilities 437,411 656,955
Warrant liability 25,791 22,234
Derivative liability 0 303,300
Earnout liability 280,000 440,000
Other liabilities 986,044 550,430
Total liabilities 11,956,111 15,624,957
Contingencies (Note 9)
Stockholders’ deficit:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.0001 par value; 500,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 28,643,478 and 26,768,210 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 2,864 2,676
Additional paid-in capital 46,750,884 22,399,567
Accumulated deficit (47,078,042) (31,940,527)
Total stockholders’ deficit (324,294) (9,538,284)
Total liabilities and stockholders’ deficit $ 11,631,817 $ 6,086,673