v3.26.1
Unaudited Interim Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 4,765,031 $ 7,805,859
Accounts receivable, net 623,757 503,820
Inventories 1,923,510 1,990,925
Other current assets 2,544,660 3,639,417
Total current assets 9,856,958 13,940,021
Non-current assets    
Property and equipment 2,000,307 2,653,810
Operating lease right of use assets 944,010 907,418
Intangible assets 281,916 351,212
Other non-current assets 11,950,000 11,950,000
Total non-current assets 15,176,233 15,862,440
Total assets 25,033,191 29,802,461
Current liabilities    
Short-term financial liabilities, net 1,778,704 3,694,936
Accounts payable 1,958,097 4,076,540
Operating lease liabilities 658,394 620,095
Deferred revenue 2,360,518 2,129,152
Accrued expenses and other current liabilities 4,177,515 3,868,532
Total current liabilities 10,933,228 14,389,255
Non-current liabilities    
Long-term financial liabilities, net 85,906,657 82,116,160
Operating lease liabilities, net of current portion 144,620 135,715
Employee benefit liabilities 341,214 249,215
Total non-current liabilities 86,392,491 82,501,090
Total liabilities 97,325,719 96,890,345
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock 8,608 8,604
Treasury shares (367,632) (367,632)
Share premium 123,984,277 121,762,359
Accumulated other comprehensive loss (7,557,999) (7,557,999)
Accumulated deficit (188,359,782) (180,933,216)
Total stockholders’ equity (72,292,528) (67,087,884)
Total liabilities and stockholders’ equity $ 25,033,191 $ 29,802,461