v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 3,198,682 $ 10,651,644
Accounts receivable, net of credit allowance 668,903 269,733
Other accounts receivable 26,577 43,886
Unbilled accounts receivable 0 1,653,007
Inventory, net 1,471,893 1,701,474
Contract assets 91,100 136,651
Prepaid expenses 395,807 431,412
Total Current Assets 5,852,962 14,887,807
Property and equipment, net 3,835,318 2,567,571
Intangible asset, net 943,224 1,016,594
Right-of-use asset, net 571,741 691,014
Other assets 202,103 20,847
Total Long-Term Assets 5,552,386 4,296,026
Total Assets 11,405,348 19,183,833
Current Liabilities:    
Accounts payable and accrued expenses 1,250,285 906,394
Accrued bonuses 80,000 570,000
Accrued contract loss provision 1,600,000 1,000,000
Accrued legal settlement 0 335,000
Unearned revenue 312,905 197,683
Note payable 8,270 0
Secured promissory note 630,000 0
Financing liability 159,342 0
Operating lease liabilities 119,693 101,320
Other liabilities 23,384 17,279
Total Current Liabilities 4,183,879 3,127,676
Unearned revenue, less current portion 30,000 30,000
Note payable, less current portion 34,879 0
Operating lease liabilities, less current portion 431,683 551,376
Total Long-term Liabilities 496,562 581,376
Total Liabilities 4,680,441 3,709,052
Stockholders' Equity    
Preferred Stock: 50,000,000; 1,000,000 Designated as Convertible Series D preferred shares authorized; par value $0.0001 per share, nil issued and outstanding at December 31, 2025 and 2024, respectively. 0 0
Common stock: 1,000,000,000 common shares authorized, par value $0.0001 per share, 17,143,771 and 14,130,198 shares outstanding at December 31, 2025 and 2024, respectively 1,715 1,444
Additional paid-in capital 56,657,319 43,858,484
Accumulated deficit (49,936,598) (28,387,618)
Accumulated other income 2,471 2,471
Total Stockholders' Equity 6,724,907 15,474,781
Total Liabilities & Stockholders' Equity $ 11,405,348 $ 19,183,833