Summary of Significant Accounting Policies (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of reconciliation of cash, cash equivalents and restricted cash |
| Schedule of reconciliation of cash, cash equivalents and restricted cash |
|
|
|
|
|
|
|
|
| |
|
December 31, |
|
| |
|
2025 |
|
|
2024 |
|
| Cash and cash equivalents |
|
$ |
531,277 |
|
|
$ |
1,310,653 |
|
| Restricted cash |
|
|
302,262 |
|
|
|
302,262 |
|
| Total cash and cash equivalents and restricted cash in the consolidated statements of cash flows |
|
$ |
833,539 |
|
|
$ |
1,612,915 |
|
|
| Schedule of property and equipment |
| Schedule of property and equipment |
|
|
|
|
|
|
|
|
| |
|
Decemeber 31, |
|
| |
|
2025 |
|
|
2024 |
|
| Laboratory and manufacturing equipment |
|
$ |
614,036 |
|
|
$ |
614,036 |
|
| Office furniture and equipment |
|
|
207,164 |
|
|
|
207,164 |
|
| Computers and network equipment |
|
|
245,983 |
|
|
|
245,983 |
|
| Leasehold improvements |
|
|
1,627,998 |
|
|
|
1,627,998 |
|
| |
|
|
2,695,181 |
|
|
|
2,695,181 |
|
| Less accumulated depreciation |
|
|
(1,766,631 |
) |
|
|
(1,615,906 |
) |
| Property and equipment, net |
|
$ |
928,550 |
|
|
$ |
1,079,275 |
|
|
| Schedule of earnings per share, basic and diluted |
| Schedule of earnings per share, basic and diluted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Basic |
|
|
Diluted |
|
| |
|
Year ended
December 31, |
|
|
Year ended
December 31, |
|
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| Net income |
|
$ |
23,620,056 |
|
|
$ |
11,992,780 |
|
|
$ |
23,620,056 |
|
|
$ |
11,992,780 |
|
| Net income allocated to preferred stockholders |
|
|
(141,343 |
) |
|
|
(636,742 |
) |
|
|
(140,617 |
) |
|
|
- |
|
| Net income available to common stockholders |
|
$ |
23,478,713 |
|
|
$ |
11,356,038 |
|
|
$ |
23,479,439 |
|
|
$ |
11,992,780 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic weighted average shares outstanding |
|
|
10,075,730 |
|
|
|
4,655,225 |
|
|
|
10,075,730 |
|
|
|
4,655,225 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Dilutive effect of restricted stock units |
|
|
|
|
|
|
|
|
|
|
42,730 |
|
|
|
- |
|
| Dilutive effect of stock purchase warrants |
|
|
|
|
|
|
|
|
|
|
9,987 |
|
|
|
- |
|
| Dilutive effect of preferred stock |
|
|
|
|
|
|
|
|
|
|
- |
|
|
|
564,677 |
|
| Dilutive weighted average shares outstanding |
|
|
|
|
|
|
|
|
|
|
10,128,447 |
|
|
|
5,219,902 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings per share |
|
$ |
2.33 |
|
|
$ |
2.44 |
|
|
$ |
2.32 |
|
|
$ |
2.30 |
|
|