v3.26.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenues $ 12,811,082 $ 13,392,777
Cost of sales 6,171,168 7,104,141
Gross profit 6,639,914 6,288,636
Operating expenses:    
General and administrative 8,914,384 9,580,137
Research and development 3,612,211 3,969,517
Sales and marketing 3,051,104 2,431,351
Asset Impairment Charges 5,792,932 2,943,000
Total operating expenses 21,370,631 18,924,005
Loss from operations (14,730,717) (12,635,369)
Other income (expense):    
Interest expense (9,593) (8,387,794)
Loss on debt extinguishment (125,242) (1,572,512)
Loss on equity financing 0 (15,305,761)
Gain on change in fair value of warrant liabilities 8,584,000 3,094,000
Gain (loss) on disposal of fixed assets (1,385) 13,522
Other income (expense), net 1,003,220 (247,759)
Total other income (expense), net 9,451,000 (22,406,304)
Net loss before provision for income taxes (5,279,717) (35,041,673)
Provision for income taxes 0 0
Net loss (5,279,717) (35,041,673)
Accrued dividends on Series F Preferred Stock (201,867) (234,439)
Deemed dividends on Series F and G Preferred Stock and Warrants (7,573,706) (17,756,454)
Net loss attributable to common stockholders $ (13,055,290) $ (53,032,566)
Net loss per common share - Basic and Diluted (in dollars per share) $ (0.52) $ (46.24)
Weighted average number of shares outstanding during the period — Basic and Diluted (in shares) 25,052,955 1,146,981
Comprehensive loss:    
Net loss $ (5,279,717) $ (35,041,673)
Amortization of unrecognized periodic pension costs 16,012 10,246
Foreign currency cumulative translation adjustment 261,549 (202,925)
Total comprehensive loss, net of tax $ (5,002,156) $ (35,234,352)