v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash $ 539,321 $ 533,670
Employee Retention Tax Credit Receivable 527,948 527,948
Accounts receivable - net 773,143 741,539
Inventories 1,000,187 965,212
Prepaid expenses 556,549 478,262
Total current assets 3,397,148 3,246,631
Property and equipment:    
Equipment 4,499,440 4,463,379
Leasehold improvements 3,181,294 3,175,507
Less accumulated depreciation and amortization 4,082,998 3,979,112
Net property and equipment 3,597,736 3,659,774
Deferred tax asset 3,041,295 3,114,727
Deferred contract costs 1,689,451 1,699,935
Goodwill 278,466 278,466
Operating lease right of use assets 3,114,355 3,322,195
Other assets 565,994 562,756
Total assets 15,684,445 15,894,484
Current liabilities:    
Accounts payable and accrued expenses 746,292 702,207
Current portion of operating lease liability 969,806 950,409
Current portion of Corbel loan payable 5,210,593 5,470,824
Current portion of subordinated notes payable 575,000 575,000
Warrant liability 500,000 500,000
Total current liabilities 8,001,691 8,198,440
Long-term obligations:    
Operating lease liabilities - net of current portion 2,314,923 2,564,162
Deferred contract income 1,689,451 1,699,934
Total long-term liabilities 4,004,374 4,264,096
Total liabilities 12,006,065 12,462,536
Stockholders' equity:    
Common Stock - no par value (40,000,000 shares authorized, 22,215,512 issued and outstanding as of December 31, 2025 and March 31, 2026) 24,925,043 24,911,141
Accumulated deficit (21,246,663) (21,479,193)
Total stockholders' equity 3,678,380 3,431,948
Total liabilities and stockholders' equity $ 15,684,445 $ 15,894,484