v3.25.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2025
Summary of Significant Accounting Policies [Abstract]  
Schedule of Long-Lived Assets
  

Re-Tain® Assets as of June 30, 2025

 
Land  $448,201 
Buildings and improvements   12,725,789 
Laboratory and manufacturing equipment   9,769,049 
Construction in progress   2,316,951 
Total   25,259,990 
Accumulated depreciation   (9,496,221)
Net book value  $15,763,769 
Schedule of Assets or Liabilities Measured at Fair Value on a Nonrecurring Basis These fair market values are reflected in the following tables:
   As of June 30, 2025 
   Level 1   Level 2   Level 3   Total 
Assets:                
Cash and money market accounts  $5,998,494   $
—
   $
—
   $5,998,494 
                     
Liabilities:                    
Bank debt  $
—
   $9,016,678   $
—
   $9,016,678 

 

   As of December 31, 2024 
   Level 1   Level 2   Level 3   Total 
Assets:                
Cash and money market accounts  $3,758,232   $
—
   $
—
   $3,758,232 
                     
Liabilities:                    
Bank debt  $
—
   $9,465,500   $
—
   $9,465,500 
Schedule of Concentration of Risk Sales to significant customers that amounted to 10% or more of total product sales are detailed in the following table:
  

During the Three-Month
Periods Ended June 30,

  

During the Six-Month
Periods Ended June 30,

 
   2025   2024   2025   2024 
Company A   52%   44%   47%   45%
Company B   29%   33%   28%   34%
Total   81%   77%   75%   79%

 

Trade accounts receivable due from significant customers that amounted to 10% or more of our total trade accounts receivable are detailed in the following table:

 

  

As of
June 30,

2025

  

As of
December 31,
2024

 
Company A   44%   57%
Company B   35%   21%
Total   79%   78%
Schedule of Net Income (Loss) Per Common Share Outstanding stock options that were not included in this calculation because the effect would be anti-dilutive amounted to 618,000 during both the three-month period and the six-month period ended June 30, 2024.
  

During the Three-Month
Periods Ended June 30,

  

During the Six-Month
Periods Ended June 30,

 
   2025   2024   2025   2024 
Net income (loss) attributable to stockholders  $501,880   $(1,531,626)   1,948,863   $(1,969,494)
                     
Weighted average common shares outstanding - Basic   9,031,282    7,810,037    9,006,082    7,780,450 
Dilutive impact of share-based compensation awards   
—
    
—
    
—
    
—
 
Weighted average common shares outstanding - Diluted   9,031,282    7,810,037    9,006,082    7,780,450 
                     
Net income (loss) per share:                    
Basic  $0.06   $(0.20)  $0.22   $(0.25)
Diluted  $0.06   $(0.20)  $0.22   $(0.25)