v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 6,962,492 $ 29,549,018
Accounts receivable, net of allownace of $9,023,768 as of June 30, 2026 and December 31, 2025, respectively 6,621,357 9,874,468
Inventory 4,711,775 2,877,160
Prepaid expenses and other assets 2,485,430 2,102,803
Total current assets 20,781,054 44,403,449
Long-Term Assets    
Property and equipment, net 4,419,563 3,970,513
Construction-in-process 505,307 961,032
Right-of-use asset, net 220,551 327,267
Intangible assets, net 21,359,186 119,765
Goodwill 1,532,635 244,635
Total assets 48,818,296 50,026,661
Current Liabilities    
Accounts payable and accrued expenses 9,457,957 4,441,419
License fees payable 434,775 729,975
Income tax payable 0 31,512
Accrued interest 11,333 2,227,500
Operating lease liabilities 222,471 225,768
Notes payable 1,000,000 3,000,000
Contingent consideration payable 10,000,000 0
Other current liabilities 75,808 127,406
Total current liabilities 21,202,344 10,783,580
Long-Term Liabilities    
Operating lease liabilities, less current portion 1,355 105,262
Total long-term liabilities 1,355 105,262
Total liabilities 21,203,699 10,888,842
Commitments and contingencies (Note 13)
Stockholders' Equity    
Common stock, $0.001 par value; authorized 975,000,000 shares; issued and outstanding 17,839,467 and 16,825,716 shares as of June 30, 2026 and December 31, 2025, respectively. 17,841 16,827
Additional paid-in capital 66,605,483 60,338,654
Treasury stock, 18,000 shares at cost (43,346) (43,346)
Accumulated deficit (38,965,381) (21,174,316)
Total stockholders' equity 27,614,597 39,137,819
Total liabilities and stockholders' equity 48,818,296 50,026,661
Series A-1 Convertible Preferred Shares    
Stockholders' Equity    
Preferred Stock Value 0 0
Series B-1 Convertible Preferred Shares    
Stockholders' Equity    
Preferred Stock Value $ 0 $ 0