v3.25.2
Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 1,948,863 $ (1,969,494)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 1,334,646 1,328,659
Amortization of intangible assets 9,552 9,552
Amortization of debt issuance costs and debt discounts 21,612 21,054
Stock-based compensation 118,929 179,131
(Gain) loss on disposal of property, plant and equipment (2,263) 14,557
Non-cash rent benefit (76,773) (74,871)
Changes in:    
Trade accounts receivable 1,392,310 234,933
Inventory (1,181,803) 512,235
Prepaid expenses and other current assets (63,804) 274,314
Other assets (20,251) 19,976
Accounts payable and accrued expenses (305,684) 450,239
Net cash provided by operating activities 3,175,334 1,000,285
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (484,209) (181,097)
Proceeds from sale of property, plant and equipment 29,232 4,500
Net cash used for investing activities (454,977) (176,597)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from At-The-Market Offering, gross 349,326 417,551
Debt principal repayments (761,544) (725,856)
Payments of debt issuance costs (5,037)
Payments of equity offering costs (67,880) (164,802)
Proceeds from exercise of stock options 3
Net cash used for financing activities (480,095) (478,144)
NET INCREASE IN CASH AND CASH EQUIVALENTS 2,240,262 345,544
BEGINNING CASH AND CASH EQUIVALENTS 3,758,232 978,741
ENDING CASH AND CASH EQUIVALENTS 5,998,494 1,324,285
CASH PAID FOR:    
Income taxes 10,205 5,905
Interest 234,380 270,068
NON-CASH ACTIVITIES:    
(Increase) decrease in capital expenditures included in accounts payable and accrued expenses (411,385) 12,005
Increase (decrease) in operating lease right-of-use asset and operating lease liability $ (17,012)