v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 11,807,881 $ 4,981,091
Rights offering subscription proceeds in escrow 6,704,304
Accounts receivable 3,825,385 3,349,708
Inventories, net 9,861,891 8,908,504
Marketable securities 6,618,092
Prepaid expenses and other 1,073,673 1,116,775
Total Current Assets 33,186,922 25,060,382
Property and equipment, net 2,772,945 2,885,247
Operating lease right-of-use assets 3,747,690 3,873,697
Intangible assets, net 12,724,874 13,144,956
Goodwill 4,696,883 4,696,883
Cost method investment 348,250 348,250
Long-term deposits 2,266,175 1,469,764
Total Assets 59,743,739 51,479,179
Current Liabilities    
Accounts payable and accrued expenses 3,856,435 4,653,382
Customer deposits 419,401 28,337
Current portion of finance lease obligations 17,922 17,646
Current portion of operating lease obligations 511,526 499,072
Rights offering subscription liability 6,704,304
Contingent liability 3,000,000 3,000,000
Total Current Liabilities 7,805,284 14,902,741
Long-term Liabilities    
Finance lease obligations, net of current portion 16,800 21,386
Operating lease obligations, net of current portion 3,508,945 3,640,491
Deferred tax liability 52,000 52,000
Total Liabilities 11,383,029 18,616,618
Commitments and Contingencies
Stockholders’ Equity    
Common stock, par value $0.001, 500,000,000 shares authorized, 25,335,049 and 20,683,095 shares issued and outstanding, respectively 25,335 20,683
Additional paid-in capital 77,876,364 60,861,160
Accumulated deficit (29,540,989) (28,019,282)
Total Stockholders’ Equity 48,360,710 32,862,561
Total Liabilities and Stockholders’ Equity $ 59,743,739 $ 51,479,179