v3.25.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
SCHEDULE OF COMPUTATION OF DILUTED NET LOSS PER SHARE

The following table summarizes the shares of common stock that were potentially issuable but were excluded from the computation of diluted net loss per share for the six months ended June 30, 2025 and 2024 as such shares would have had an anti-dilutive effect:

  

   2025   2024 
   As of June 30, 
   2025   2024 
Stock options(a)   31,013    31,013 
Warrants(b)   -    16,725 
Unvested restricted stock   260,377    230,277 

 

  (a) Shares underlying stock options assumed pursuant to the merger agreement with Precision Healing, Inc. (“Precision Healing”) in April 2022.
     
  (b) Shares underlying warrants assumed pursuant to the merger agreement with Precision Healing in April 2022.

SCHEDULE OF REVENUE FROM PRODUCT SALES AND ROYALTIES

Revenue streams from product sales, software as a service (“SaaS”), and royalties for the three and six months ended June 30, 2025 and 2024 are summarized below.

  

   2025   2024   2025   2024 
  

Three Months Ended June 30,

  

Six Months Ended June 30,

 
   2025   2024   2025   2024 
Soft tissue repair products  $22,661,457   $17,641,318   $43,193,897   $33,723,610 
Bone fusion products   3,142,795    2,516,599    6,044,451    4,970,945 
SaaS   26,582    -    26,582    - 
Royalties   -    906    -    906 
Total Net Revenue  $25,830,834   $20,158,823   $49,264,930   $38,695,461 
SCHEDULE OF PROPERTY AND EQUIPMENT

  

  

Useful Life

  June 30, 2025   December 31, 2024 
Computers  3-5 years  $245,381   $295,963 
Office equipment  3-7 years   231,557    216,491 
Furniture and fixtures  5-10 years   335,108    346,508 
Leasehold improvements  2-5 years   180,668    181,968 
Developed technology  5 years   5,127,749    - 
Internal use software (in development)  5 years   3,368,324    - 
              
Property and equipment, gross      9,488,787    1,040,930 
Less accumulated depreciation      (588,908)   (608,613)
              
Property and equipment, net     $8,899,879   $432,317 
SCHEDULE OF CHANGES IN FAIR VALUE FOR CONTINGENT EARNOUT CONSIDERATION

  

      
Balance at December 31, 2024  $748,001 
Additions   1,355,603 
Revaluation of earnout liabilities   47,000 
Balance at June 30, 2025  $2,150,604