v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash $ 1,627,600 $ 650,339
Accounts receivable, net of allowance for expected credit losses of $43,799 and $0, respectively 1,108,881 547,848
Contract assets 64,009 258,037
Inventories, net of reserves of $503,835 and $503,835, respectively 1,244,836 1,287,127
Deferred financing costs 125,000
Prepaid and other current assets 484,770 120,825
Total Current Assets 4,530,096 2,989,176
Property, plant, and equipment, net 1,130,853 1,125,194
Intangible assets, net 898,637 922,701
Operating lease right-of-use asset 4,043,611 4,110,531
Other long-term assets 302,000 302,000
Total Assets 10,905,197 9,449,602
Current Liabilities:    
Accrued expenses 627,832 918,328
Deferred revenue 1,342,536 1,157,128
Contract liabilities 2,874,427 1,205,007
Lease liability, current 228,956 214,044
Derivative liability 124,516 338,902
Total Current Liabilities 8,514,918 10,333,813
Lease liability – non-current 4,090,602 4,152,375
Total Liabilities 12,605,520 14,486,188
Commitments and Contingencies
Stockholders’ Deficit    
Preferred shares par value $0.001: 10,000,000 shares authorized, no shares were issued and outstanding at March 31, 2026 and December 31, 2025, respectively
Common shares par Value $0.001: 100,000,000 shares authorized; 32,604,703 and 22,852,753 issued, and 32,597,325 and 22,845,345 outstanding, at March 31, 2026 and December 31, 2025, respectively 32,605 22,853
Additional paid-in capital 26,433,718 20,160,923
Accumulated deficit (28,156,643) (25,210,359)
Treasury shares (7,378 and 7,378 shares, respectively) (10,003) (10,003)
Total Stockholders’ Deficit (1,700,323) (5,036,586)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 10,905,197 9,449,602
Nonrelated Party [Member]    
Current Liabilities:    
Accounts payable 1,507,992 1,595,333
Notes payable 1,472,232 3,804,610
Related Party [Member]    
Current Liabilities:    
Accounts payable 336,427 349,461
Notes payable $ 751,000