v3.25.2
Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 12,059,072 $ 13,596,600
Accounts receivable, net of allowance for credit losses of $0 2,905,443 2,420,373
Prepaid expenses 288,572 731,945
Inventories 641,872 445,081
Other current assets 36,119 43,898
Total current assets 15,931,078 17,237,897
Operating lease right-of-use asset 122,938 154,184
Deferred offering costs   120,614
Other long-term assets 6,312 6,312
Total assets 16,060,328 17,519,007
Current liabilities:    
Accounts payable and accrued expenses 3,588,290 2,341,191
Accrued compensation 607,139 865,650
Operating lease liability 63,769 59,533
Note payable 5,000,000 5,000,000
Accrued interest payable 2,361,610 2,113,665
Total current liabilities 11,620,808 10,380,039
Operating lease liability, net of current portion 65,028 100,958
Total liabilities 11,685,836 10,480,997
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value; authorized shares - 5,000,000 as of June 30, 2025 and December 31, 2024; issued and outstanding shares - zero as of June 30, 2025 and December 31, 2024 0 0
Common stock, $0.0001 par value; authorized shares - 100,000,000 and 50,000,000 as of June 30, 2025 and December 31, 2024, respectively; issued and outstanding shares - 1,492,858 and 1,486,009 as of June 30, 2025 and December 31, 2024, respectively 149 149
Additional paid-in capital 136,043,129 135,829,493
Accumulated deficit (131,668,786) (128,791,632)
Total stockholders' equity 4,374,492 7,038,010
Total liabilities and stockholders' equity $ 16,060,328 $ 17,519,007