v3.25.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 942,241 $ 1,941,181
Inventory, net 4,855,679 6,416,377
Inventory deposits 7,465,129 6,036,809
Prepaid expenses 361,217 1,130,027
Other current assets 91,481 101,794
Total current assets 16,311,286 17,636,154
Property and equipment, net 1,969,713 592,171
Right-of-use asset 608,206 108,508
Goodwill 0 10,103,048
Intangible assets, net 3,523,301 3,968,301
Other non-current assets 331,576 263,120
Total assets 22,744,082 32,671,302
Current liabilities:    
Accounts payable 2,164,871 1,470,102
Deferred revenue 6,525,081 4,240,666
Accrued liabilities 2,036,395 2,069,061
Operating lease liability - short-term 339,693 235,625
Options liability, at fair value 0 132,412
Debt - current 5,365,276 3,596,805
Total current liabilities 16,431,316 11,744,671
Long-term liabilities    
Operating lease liability - long-term 404,313 0
Debt - long-term 1,042 4,168
Total liabilities 16,836,671 11,748,839
Stockholders’ equity:    
Preferred stock, 5,000,000 authorized, $0.00001 par value per share, none issued and outstanding as of June 30, 2025, and December 31, 2024 0 0
Common stock, 350,000,000 authorized, $0.00001 par value per share, 3,220,058 and 1,987,262 issued and outstanding as of June 30, 2025, and December 31, 2024, respectively 32 20
Additional paid-in capital 98,551,971 94,383,917
Accumulated deficit (92,644,592) (73,461,474)
Total stockholders’ equity 5,907,411 20,922,463
Total liabilities and stockholders’ equity 22,744,082 32,671,302
Nonrelated Party [Member]    
ASSETS    
Accounts receivable, net of allowance 440,292 1,016,666
Related Party [Member]    
ASSETS    
Accounts receivable, net of allowance $ 2,155,247 $ 993,300