v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 447,453 $ 3,198,682
Accounts receivable, net of credit allowance 2,406,014 668,903
Other accounts receivable 79,850 26,577
Inventory, net 1,772,571 1,471,893
Contract assets 0 91,100
Prepaid expenses 464,287 395,807
Total Current Assets 5,170,175 5,852,962
Long-Term Assets:    
Property and equipment, net 3,990,294 3,835,318
Intangible assets, net 924,882 943,224
Right-of-use assets, net 903,283 571,741
Other assets 17,850 202,103
Total Long-Term Assets 5,836,309 5,552,386
Total Assets 11,006,484 11,405,348
Current Liabilities:    
Accounts payable and accrued expenses 1,384,695 1,250,285
Accrued bonuses 105,000 80,000
Accrued contract loss provision 1,600,000 1,600,000
Unearned revenue 222,238 312,905
Note payable 8,494 8,270
Secured promissory note 0 630,000
Financing liability 94,388 159,342
Operating lease liabilities 184,794 119,693
Other liabilities 48,611 23,384
Total Current Liabilities 3,648,220 4,183,879
Long-Term Liabilities:    
Unearned revenue, less current portion 2,326,250 30,000
Convertible notes, net of discount 628,869 0
Note payable, less current portion 32,670 34,879
Operating lease liabilities, less current portion 710,998 431,683
Total Long-Term Liabilities 3,698,787 496,562
Total Liabilities 7,347,007 4,680,441
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 March 31, 2026 and December 31, 2025, respectively 0 0
Common stock: 1,000,000,000 common shares authorized, par value $0.0001 per share, 17,495,504 and 17,143,771 shares outstanding at March 31, 2026 and December 31, 2025, respectively 1,750 1,715
Additional paid-in capital 58,163,477 56,657,319
Accumulated deficit (54,508,221) (49,936,598)
Accumulated other comprehensive income 2,471 2,471
Total Stockholders' Equity 3,659,477 6,724,907
Total Liabilities and Stockholders' Equity $ 11,006,484 $ 11,405,348