v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 11,007,245 $ 11,444,693
Accounts receivable, net 14,261,978 16,944,780
Inventories, net 5,453,836 6,225,518
Prepaid and other current assets 2,066,198 2,445,276
Total current assets 32,789,257 37,060,267
Non-current inventories 9,875,505 9,253,090
Property and equipment, net 237,375 264,724
Intangible assets, net 12,793,249 14,027,921
Goodwill 914,000 914,000
Operating lease right-of-use assets 7,618,720 8,343,832
Co-commercialization investment 3,840,700 3,986,780
Other assets 2,926,214 2,973,378
Total assets 70,995,020 76,823,992
Current liabilities:    
Accounts payable 16,537,072 18,567,546
Operating lease current liabilities 485,162 467,774
Other investment liabilities 4,487,137 5,074,504
Other current liabilities 12,978,680 12,635,095
Total current liabilities 34,488,051 36,744,919
Revolving line of credit - long term 5,240,733 5,240,733
Operating lease non-current liabilities 4,343,892 4,471,965
Other long-term liabilities 5,619,332 5,822,153
Total liabilities 49,692,008 52,279,770
Shareholders’ equity:    
Common stock— no par value; 100,000,000 shares authorized; 14,983,107 and 14,956,627 shares issued and outstanding as of March 31, 2026, and December 31, 2025, respectively 51,730,222 51,684,381
Accumulated deficit (30,093,698) (26,804,059)
Total shareholders’ equity 21,636,524 24,880,322
Noncontrolling interests (333,512) (336,100)
Total equity 21,303,012 24,544,222
Total liabilities and equity $ 70,995,020 $ 76,823,992