v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 566,583 $ 5,945,894
Accounts receivable, net 480,212 503,971
Other receivable 290,298 278,027
Inventory (Note 3) 11,622,889 9,530,671
Prepaid expenses and other (Note 6) 510,219 530,861
Total current assets 13,470,201 16,789,424
Investments 67,033 67,033
Property and equipment, net (Note 4) 13,340,898 12,688,488
Operating lease right-of-use assets (Note 11) 244,857 272,598
Intangible assets, net (Note 5) 757,812 896,531
Total assets 27,880,801 30,714,074
Current liabilities    
Accounts payable 2,843,212 3,107,085
Accrued liabilities and other 1,019,465 1,400,730
Accrued compensation 380,825 420,210
Long-term debt, current portion (Note 12) 2,531,178 1,686,809
Lease liability, current portion (Note 11) 115,980 113,012
Total current liabilities 6,890,660 6,727,846
Lease liability, excluding current portion (Note 11) 128,877 159,526
Long-term debt, excluding current portion (Note 12) 884,256 950,481
Total liabilities 7,903,793 7,837,853
Shareholders’ equity    
Series A, B and Series C Preferred Stock, $0.001 par value, 10,000,000 shares authorized, 100 Series A, 0 Series B, and 427,614 and 427,812 Series C issued and outstanding, respectively (Note 7) 428 428
Common stock, $0.001 par value, 45,000,000 shares authorized, 11,925,471 and 9,814,665 shares issued and outstanding, respectively (Note 7) 11,925 9,814
Additional paid-in capital 107,537,779 101,357,686
Share subscriptions receivable (1,577) (55,684)
Share subscriptions payable 2,166,063 5,446,347
Accumulated deficit (89,729,030) (83,873,790)
Cumulative translation adjustment (8,580) (8,580)
Total shareholders’ equity 19,977,008 22,876,221
Total liabilities and shareholders’ equity $ 27,880,801 $ 30,714,074