v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 11,219,217 $ 14,132,027
Short-term investments 2,233,141 4,261,782
Accounts receivable, net 4,945,509 4,096,327
Inventories 3,169,372 3,123,089
Prepaid expenses and other current assets 2,958,442 1,943,860
Total Current Assets 24,525,681 27,557,085
Restricted cash 575,000 575,000
Operating lease assets with right of use, net 6,514,020 6,679,349
Equipment, net 1,986,836 2,212,901
Software development costs, net 1,721,532 1,590,864
Other assets 19,185 21,374
Total Assets 35,342,254 38,636,573
Current Liabilities:    
Accounts payable and accrued expenses 7,515,613 5,819,767
Current operating and financing lease liability 730,824 494,662
Income taxes payable 586,644 813,260
Deferred revenue 202,580 218,222
Warrant derivative liability 1,127,498 999,418
Current portion long term debt, net of discount of $73,871 446,962 0
Total Current Liabilities 10,610,121 8,345,329
Non-current operating and financing lease liability 7,370,509 7,665,622
Long-term debt, net of discount of $2,437,757 11,532,254 11,222,155
Total Liabilities 29,512,884 27,233,106
Commitments and Contingencies 0 0
Stockholders’ Equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock par value $0.0001 per share, 100,000,000 shares authorized; 39,534,884 and 38,471,383 shares issued as of June 30, 2026 and December 31, 2025, respectively; and 39,534,857 and 38,471,356 shares outstanding at June 30, 2026 and December 31, 2025, respectively 3,953 3,847
Additional paid-in capital 131,326,086 129,929,989
Accumulated other comprehensive income 224,976 164,517
Accumulated deficit (125,719,181) (118,688,422)
Treasury stock, 27 shares at cost (6,464) (6,464)
Total Stockholders’ Equity 5,829,370 11,403,467
Total Liabilities and Stockholders’ Equity $ 35,342,254 $ 38,636,573