v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 12,365,685 $ 11,750,021
Accounts receivable, net of allowance for credit losses of $0 3,746,980 6,462,675
Inventory 843,590 0
Prepaid expenses and other 23,766 294,191
Total current assets 16,980,021 18,506,887
OTHER ASSETS    
Other assets 160,528 160,528
Operating lease right of use asset 600,951 807,915
TOTAL ASSETS 17,741,500 19,475,330
CURRENT LIABILITIES:    
Accounts payable - trade 510,613 1,149,811
Accrued expenses 53,215 27,966
Current portion of operating lease liability 461,538 438,635
Deferred revenue- current portion 4,314,602 4,668,105
Total current liabilities 5,339,968 6,284,517
NON-CURRENT LIABILITIES:    
Operating lease liability, net of current portion 189,210 425,109
Warrant liability 12,661,605 13,328,006
Earnout liability 3,540,252 2,620,933
Deferred revenue- non-current 4,634,237 3,966,407
Total liabilities 26,365,272 26,624,972
STOCKHOLDERS' DEFICIT:    
Preferred stock - no par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock - $0.0001 par value, 200,000,000 shares authorized, 34,439,562 and 34,368,162 shares issued and outstanding as of June 30, 2026 and December 31, 2025 3,441 3,434
Additional paid in capital 40,151,160 38,478,030
Accumulated deficit (48,747,391) (45,620,227)
Accumulated other comprehensive loss (30,982) (10,879)
Total stockholders' deficit (8,623,772) (7,149,642)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 17,741,500 $ 19,475,330