v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 60,539,147 $ 19,502,348
Marketable securities 6,922,222 21,277,609
Accounts receivable 254,615 240,866
Inventories 1,345,756 1,096,065
Prepaid expenses and other current assets 635,083 799,786
Total Current Assets 69,696,823 42,916,674
LONG-TERM ASSETS    
Accounts receivable 95,673 95,673
Property and equipment, net 2,091,444 1,538,460
Inventories 1,065,401 415,383
Other assets 110,657 186,291
Operating lease right-of-use assets 530,822 604,256
Total Long-Term Assets 3,893,997 2,840,063
TOTAL ASSETS 73,590,820 45,756,737
CURRENT LIABILITIES    
Accounts payable 1,189,510 496,073
Accrued expenses 1,586,529 1,619,954
Current portion of convertible notes (related party) 33,186,900 11,745,700
Current portion of contract liabilities 30,379 34,035
Current portion of operating lease liabilities 311,678 317,153
Total Current Liabilities 40,591,732 17,370,632
LONG-TERM LIABILITIES    
Convertible Debt, Noncurrent 0 13,268,500
Contract liabilities, net of current portion 1,085,753 1,085,753
Operating lease liability, net of current portion 524,032 634,043
Other long-term liabilities 65,660 45,828
Total Long-Term Liabilities 3,932,247 16,862,801
Total Liabilities 44,523,979 34,233,433
COMMITMENTS AND CONTINGENCIES (NOTE 6)
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value: 25,000,000 shares authorized and 0 shares outstanding as of both June 30, 2026 and December 31, 2025 0 0
Common stock, $0.0001 par value: 535,000,000 shares authorized as of both June 30, 2026 and December 31, 2025 and 353,490,958 and 320,947,028 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 35,350 32,096
Additional paid-in capital 221,768,542 179,089,487
Accumulated deficit (192,737,051) (167,598,279)
Total Stockholders' Equity 29,066,841 11,523,304
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 73,590,820 45,756,737
Options Held [Member]    
CURRENT LIABILITIES    
Option liabilities 4,286,736 3,157,717
Warrant Liability [Member]    
LONG-TERM LIABILITIES    
Warrant liabilities $ 2,256,802 $ 1,828,677