v3.26.1
Consolidated Condensed Statement of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 2,499,441 $ (10,231,018)
Depreciation and amortization 140,137 41,186
Stock-based compensation expense 9,585,542 7,419,701
Unrealized gain on short-term investments (5,608,541) 0
Realized gain on short-term investments (9,532,673) 0
Bad debt 0 12,146
Amortization of right of use asset (490,971) 0
Change in assets and liabilities:    
Accounts receivable (8,831,972) (118,959)
Inventories (16,597,684) (273,614)
Prepaid inventory (10,795,249) (409,864)
Other assets (943,639) (151,547)
Accounts payable and accrued expenses 1,356,776 (60,038)
Operating lease liabilities 525,959 (32,660)
Contingent consideration 153,000 (0)
Deferred revenue (352,069) (57,682)
Net cash used in operating activities (38,891,945) (3,862,349)
Cash flows from investing activities    
Investments in short-term securities (52,500,000) 0
Proceeds from sale of short-term investments 20,082,674 0
Purchase of property and equipment (508,336) (262,751)
Deposits for property and equipment (2,861,101)
Net cash used in investing activities (35,786,762) (262,751)
Cash flows from financing activities:    
Gross proceeds from issuance of common shares, public offering 149,999,993 40,000,000
Gross proceeds from issuance of common shares, at the market 60,000,000 0
Proceeds from option exercises 587,584 367,870
Proceeds from issuance of common shares, warrant exercises 3,395,000 2,436,966
Common share issuance offering costs (13,001,236) (3,504,000)
Net cash provided by financing activities 200,981,341 39,300,836
Net increase in cash 126,302,635 35,175,736
Effect of exchange rates changes on cash 34,744 0
Cash, beginning of period 103,261,397 3,757,323
Cash, end of period $ 229,598,776 $ 38,933,059