v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Operations:    
Net loss $ (33,415,604) $ (35,768,144)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 4,320,338 4,066,957
Amortization of debt discount 1,113,996 1,211,974
Impairment of intangible assets 1,118,750
Non-cash equity-based compensation expense 13,560,580 13,474,433
Gain on forgiveness of debt (400,000)
Equity-based payment of interest 615,291
Change in operating assets and liabilities    
Inventory (464,823) (359,612)
Accounts receivable 523,826 969,662
Prepaid expenses and other assets 104,256 (628,461)
Deferred charges 223,214 1,231
Deferred revenues 586,776 20,327
Operating lease liabilities (2,345,919) (2,101,316)
Royalty obligation (400,000) (800,000)
Accounts payable and accrued expenses 2,287,010 933,829
Net cash used in operating activities (13,291,059) (18,260,370)
Investing:    
Purchase of property and equipment (1,932,873) (981,428)
Acquisition, net of cash acquired (750,000)
Net cash used in investing activities (1,932,873) (1,731,428)
Financing:    
Proceeds from issuance of common stock - offerings 5,584,390 4,426,222
Placement cost (335,855) (88,426)
Dividends paid (1,020,616)
Proceeds from line of credit 500,000
Proceeds from exercise of options 420,000
Proceeds from issuance of convertible notes 5,250,000
Principal repayments of notes payable (5,421,861) (2,775,756)
Net cash provided by financing activities 9,826,058 13,062,040
Change in cash and cash equivalents, and restricted cash (5,397,874) (6,929,758)
Cash, cash equivalents and restricted cash at beginning of the year 15,500,495 22,430,253
Cash, cash equivalents and restricted cash at end of  year 10,102,621 15,500,495
Cash paid during the year for:    
Interest 3,872,214 3,281,597
Taxes
Supplementary disclosure of non-cash financing activities:    
Preferred stock conversion to common 2,550,000
Substitution of royalty payable to convertible note 1,000,000
Substitution of consideration payable to convertible note 600,000 3,117,408
Right-of-use assets and operating lease liabilities 662,698
Accrued dividends payable 36,444 212,667
Related Party [Member]    
Financing:    
Proceeds from issuance of preferred stocks 1,000,000
Nonrelated Party [Member]    
Financing:    
Proceeds from issuance of preferred stocks $ 5,350,000 $ 10,000,000