v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 3,721,284 $ 1,431,578
Restricted cash 208,143 215,117
Accounts receivable 243,147
Inventories, net 3,168,767 2,492,741
Prepaid expenses and other current assets 263,080 227,781
Deferred offering expenses 30,000
Note receivable, current portion 971,725 500,000
Total current assets 8,576,146 4,897,217
Property and equipment, net 6,952,481 8,342,961
Operating lease right of use asset, net 2,519,284
Note receivable less current portion, net of discount 2,577,684 2,967,998
Security deposit 26,193 26,193
Total Assets 20,651,788 16,234,369
Current Liabilities:    
Accounts payable 1,225,431 1,114,835
Accrued liabilities 1,411,806 714,248
Contract liabilities 525,800 395,932
Finance lease liabilities 17,445 19,498
Operating lease liabilities 453,498
Total current liabilities 3,633,980 2,244,513
Economic Injury Disaster Loan 499,900 499,900
Finance lease liabilities - noncurrent 13,504 22,145
Operating lease liabilities - noncurrent 2,098,848
Total Liabilities 6,246,232 2,766,558
Stockholders’ equity:    
Preferred stock: 10,000,000 authorized; $0.001 par value; no shares issued and outstanding
Common stock:13,513,514 authorized; $0.001 par value; 571,161 and 60,647 issued and outstanding at June 30, 2026 December 31, 2025, respectively 571 60
Additional paid-in capital 53,397,503 47,467,979
Accumulated deficit (38,992,518) (34,000,228)
Total stockholders’ equity 14,405,556 13,467,811
Total Liabilities and Stockholders’ Equity $ 20,651,788 $ 16,234,369