v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 8,059,359 $ 8,782,077
Restricted cash 2,100,000 2,100,000
Accounts receivable, net 2,185,888 1,399,153
Inventory, net 2,698,310 2,349,345
Prepaid expenses and other current assets 290,389 116,619
PIPE exchange consideration 5,651,310
Other current assets 45,737
Total Current Assets 20,985,256 14,792,931
Property and equipment, net 210,463 143,852
Capitalized software development costs, net 2,674,845 1,540,121
Right-of-use assets 455,925 634,269
Other long-term assets 31,023 31,023
Total Assets 24,357,512 17,142,196
Current Liabilities:    
Accounts payable 3,209,831 2,819,703
Deferred revenue 5,009,228 3,113,010
PIPE loan payable, net 3,734,990
Line of credit, bank 802,738 802,738
Dividend notes payable 118,362 4,023,923
Accrued interest 564,947 661,376
Accrued and other current liabilities 1,772,877 999,307
Accrued and other current liabilities - assumed in Merger 45,008 45,008
Lease liability, current portion 228,536 363,102
Total Current Liabilities 18,165,590 15,775,168
Non-current Liabilities:    
PIPE loan payable, net 4,068,953
Gross sales royalty payable 1,000,000 1,000,000
Lease liability, net of current portion 250,002 305,125
Total Liabilities 20,043,824 21,782,978
Commitments and Contingencies
Stockholders’ Equity (Deficit):    
Preferred stock value  
Common stock value
Treasury stock at cost, 4,692 shares of common stock held, respectively (2,037,000) (2,037,000)
Additional paid-in capital 33,497,876 18,551,660
Accumulated deficit (27,147,288) (21,155,496)
Total Stockholders’ Equity (Deficit) 4,313,688 (4,640,781)
Total Liabilities and Stockholders’ Equity (Deficit) 24,357,512 17,142,196
Series A Convertible Preferred Stock [Member]    
Stockholders’ Equity (Deficit):    
Preferred stock value
Series A Common Stock [Member]    
Stockholders’ Equity (Deficit):    
Common stock value 80 52
Series B Common Stock [Member]    
Stockholders’ Equity (Deficit):    
Common stock value 20 3
Nonrelated Party [Member]    
Current Liabilities:    
Notes payable, current portion 10,573 10,001
Non-current Liabilities:    
Note payables, net of current portion 4,232 9,732
Related Party [Member]    
Current Liabilities:    
Notes payable, current portion 2,668,500 2,937,000
Non-current Liabilities:    
Note payables, net of current portion $ 624,000 $ 624,000