v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,160,158 $ 5,945,894
Accounts receivable, net 1,007,329 503,971
Other receivable 312,419 278,027
Inventories, net (Note 3) 12,066,416 9,530,671
Prepaid expenses and other (Note 6) 344,025 530,861
Total current assets 14,890,347 16,789,424
Property and equipment, net (Note 4) 11,946,423 12,688,488
Operating lease right-of-use assets (Note 11) 217,677 272,598
Other noncurrent assets 367,079 67,033
Intangible assets, net 665,340 896,531
Total assets 28,086,866 30,714,074
Current liabilities    
Accounts payable 2,427,642 3,107,085
Accrued liabilities and other 808,893 1,400,730
Accrued compensation 299,149 420,210
Long-term debt, current portion (Note 12) 281,094 1,686,809
Lease liability, current portion (Note 11) 112,482 113,012
Total current liabilities 3,929,260 6,727,846
Lease liability, excluding current portion (Note 11) 105,195 159,526
Long-term debt, excluding current portion (Note 12) 4,976,157 950,481
Total liabilities 9,010,612 7,837,853
Shareholders’ equity    
Series A, B and Series C preferred stock, $0.001 par value, 10,000,000 shares authorized, 100 Series A, 0 Series B, and 427,612 and 427,812 Series C issued and outstanding, respectively (Note 7) 428 428
Common stock, $0.001 par value, 45,000,000 shares authorized, 15,282,595 and 9,814,665 shares issued and outstanding, respectively (Note 7) 15,282 9,814
Additional paid-in capital 110,652,344 101,357,686
Share subscriptions receivable (1,577) (55,684)
Share subscriptions payable 2,140,104 5,446,347
Accumulated deficit (93,721,747) (83,873,790)
Cumulative translation adjustment (8,580) (8,580)
Total shareholders’ equity 19,076,254 22,876,221
Total liabilities and shareholders’ equity $ 28,086,866 $ 30,714,074