v3.26.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash $ 25,141,615 $ 36,786,318
Accounts receivable 11,256,158 9,305,277
Product deposit 243,759 320,217
Inventory, net 2,956,144 2,773,576
Other current assets 2,486,803 2,646,077
Total Current Assets 42,084,479 51,831,465
Non-current Assets    
Equipment, net 2,035,475 2,444,717
Right of use assets, net 4,839,958 5,267,857
Capitalized software, net 10,734,486 10,604,946
Intangible assets, net 198,500 262,334
Total Non-current Assets 17,808,419 18,579,854
Total Assets 59,892,898 70,411,319
Current Liabilities    
Accounts payable 18,156,912 14,149,154
Accrued expenses 16,961,186 15,974,016
Current operating lease liabilities 699,511 642,422
Deferred revenue 10,791,221 10,807,773
Total Current Liabilities 46,608,830 41,573,365
Long-term Liabilities    
Noncurrent operating lease liabilities 5,317,613 5,681,374
Total Liabilities 51,926,443 47,254,739
Commitments and contingencies (Note 12)  
Stockholders’ Equity    
Series A Preferred Stock, $0.0001 par value; 1,610,000 shares authorized, 1,400,000 shares issued and outstanding, liquidation value approximately, $35.8 million as of June 30, 2026 and December 31, 2025 140 140
Common Stock, $0.01 par value; 100,000,000 shares authorized, 47,923,532 and 46,760,016 shares issued, 47,820,492 and 46,656,976 outstanding as of June 30, 2026 and December 31, 2025, respectively 479,235 467,600
Additional paid-in capital 253,763,518 251,455,616
Accumulated deficit (246,112,737) (228,603,075)
Treasury stock, 103,040, at cost, as of June 30, 2026 and December 31, 2025 (163,701) (163,701)
Total Stockholders’ Equity 7,966,455 23,156,580
Total Liabilities and Stockholders’ Equity $ 59,892,898 $ 70,411,319