v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,231,164 $ 927,468
Cash, restricted 0 507,517
Accounts receivable, net 5,303,526 5,300,190
Inventory, net 3,128,986 3,473,604
Other current assets 95,500 144,143
Assets held-for-sale - discontinued operations 0 6,144,793
Current assets - discontinued operations 17,281 281,699
Total current assets 9,776,457 16,779,414
Property and equipment, net 1,265,742 1,273,310
Right of use assets - operating leases, net 443,493 512,389
Right of use assets - finance leases, net 51,711 205,340
Amortizable intangible assets, net 316,480 338,059
Indefinite-lived intangible assets 217,000 217,000
Other noncurrent assets 40,000 40,000
Noncurrent assets - discontinued operations 0 215,509
Total assets 12,110,883 19,581,021
Current liabilities    
Accounts payable and accrued liabilities 2,824,850 3,035,799
Accrued separation costs - related parties, current portion 19,759 109,236
Stock appreciation rights liability 733 16,143
Notes payable, current portion 67,022 66,026
Lease liability - operating leases, current 294,679 285,534
Lease liability - finance leases, current 23,427 48,866
Current liabilities - discontinued operations 20,771 8,877,624
Total current liabilities 3,251,241 12,439,228
Note payable non-current, net of discount 199,633 216,947
Accrued separation costs - related parties, non-current 400,000 400,000
Lease liability - operating leases, non-current 158,659 234,963
Lease liability - finance leases, non-current 0 52,683
Total liabilities 4,009,533 13,343,821
Commitments & Contingencies (see note 20) 0 0
Stockholders' equity    
Common stock: $0.0001 par value; 500,000,000 shares authorized; 57,493,776 shares issued, and 54,649,479 shares outstanding at March 31, 2026 and December 31, 2025, respectively 5,746 5,746
Additional paid-in capital 45,671,776 45,647,902
Treasury stock: 2,644,297 shares outstanding at March 31, 2026 and December 31, 2025 (1,141,372) (1,141,372)
Accumulated deficit (36,434,800) (38,275,076)
Total stockholders' equity 8,101,350 6,237,200
Total liabilities and stockholders' equity $ 12,110,883 $ 19,581,021