v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 2,349,510 $ 3,019,618
Accounts receivable, net 283,064 363,935
Inventories 5,231,620 5,987,262
Prepaid expenses and vendor deposits 712,390 527,651
Other current assets 116,349 85,946
TOTAL CURRENT ASSETS 8,808,188 9,984,412
Property, plant, and equipment, net 1,737,660 1,770,746
Intangible assets, net 4,020,462 4,297,615
Goodwill 2,212,000 2,212,000
Right-of-use assets – operating lease 9,894,464 10,503,441
Right-of-use assets – finance lease 140,779 148,600
Investment in other entity - related party 2,260,652 3,950,081
Other assets 628,957 630,824
TOTAL ASSETS 29,703,162 33,497,719
CURRENT LIABILITIES    
Accounts payable and accrued expenses 8,448,555 8,054,043
Contract liabilities 33,008 27,700
Current portion of loan payable 1,089,861 1,117,959
Operating lease liability, current 3,332,565 3,472,897
Finance lease liability, current 27,924 27,423
Other liabilities 14,567 14,306
TOTAL CURRENT LIABILITIES 12,946,480 12,714,328
Loan payable, net of current portion 5,174,854 6,180,498
Operating lease liability, net of current 6,665,310 7,111,534
Finance lease liability, net of current 115,274 122,445
Other long-term liabilities 60,136 63,878
TOTAL LIABILITIES 24,962,054 26,192,683
COMMITMENTS AND CONTINGENCIES (SEE NOTE 17)  
STOCKHOLDERS’ EQUITY    
Common Stock, $0.001 par value per share, 560,000,000 shares authorized; 25,371,544 and 19,990,750 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively. 25,371 19,991
Additional paid-in capital 13,059,644 11,951,749
Accumulated deficit (8,343,912) (4,666,709)
TOTAL STOCKHOLDERS’ EQUITY 4,741,108 7,305,036
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 29,703,162 33,497,719
Series A Convertible Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY    
Series A convertible preferred stock, $0.001 par value per share, 40,000,000 shares authorized, 5,250 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively. 5 5
Related Party [Member]    
CURRENT ASSETS    
Due from related party $ 115,255