v3.26.1
Consolidated Condensed Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 229,598,776 $ 103,261,397
Short-term investments at fair value 39,273,449 39,214,909
Short-term investment at cost 47,500,000 0
Accounts receivable 9,333,235 1,564,739
Related party accounts receivable 1,278,160 214,684
Inventories 21,914,332 5,316,648
Prepaid inventory 20,543,732 9,748,483
Other current assets 1,134,261 190,622
Total current assets 370,575,945 159,511,482
Non-current assets:    
Property and equipment, net 2,711,375 2,233,891
Operating lease right-of-use assets 3,090,057 2,607,256
Other assets 3,067,056 197,785
Goodwill 15,596,105 15,596,105
Intangible assets, net 2,452,610 2,561,895
Total non-current assets 26,917,203 23,196,932
Total assets 397,493,148 182,708,414
Current liabilities    
Accounts payable and accrued expenses 2,863,569 1,506,793
Deferred revenue 286,056 638,125
Operating lease liability 735,521 456,429
Contingent consideration 3,000,000 2,847,000
Total current liabilities 6,885,146 5,448,347
Non-current liabilities    
Deferred tax liability 146,772 146,772
Operating lease liability – less current portion 2,420,493 2,173,626
Total non-current liabilities 2,567,265 2,320,398
Total liabilities 9,452,411 7,768,745
Commitments and contingencies (See note 12)
Stockholders’ equity:    
Common stock - $0.01 par value, 500,000,000 authorized and 49,956,505 and 37,759,911 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 499,568 377,596
Additional paid in capital 440,110,645 229,665,735
Accumulated deficit (52,607,690) (55,107,131)
Accumulated other comprehensive income 38,214 3,470
Total stockholders’ equity 388,040,737 174,939,670
Total liabilities and stockholders’ equity $ 397,493,148 $ 182,708,414