v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (17,791,065) $ 3,918,735
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation expense 64,600 52,967
Amortization expense 1,165,154 61,734
Amortization of debt discount 0 63,607
Amortization of right-of-use asset 106,716 53,559
Stock-based compensation expense 3,914,096 4,872,564
Fair value adjustment to contingent consideration 1,412,000 0
Gain on extinguishment of debt (815,250) 0
Deferred tax benefit 0 (527,450)
Changes in operating assets and liabilities:    
Accounts receivable 3,253,111 8,065,416
Inventory (1,834,615) (636,397)
Prepaid expenses and other assets (364,256) (856,192)
Accounts payable and accrued expenses 4,911,963 (279,938)
License fees payable (295,200) (1,916,925)
Income tax payable (31,512) (3,498,045)
Accrued interest 99,083 133,403
Other current and long-term liabilities (158,802) (10,697)
Net cash (used in) provided by operating activities (6,363,977) 9,496,341
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment and construction-in- process (57,925) (497,150)
Cash paid in business combination (15,018,371) 0
Net cash used in investing activities (15,076,296) (497,150)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments on notes payable (3,500,000) (1,021,351)
Proceeds from issuance of common stock 2,500,000 0
Cash paid to third parties for issuance of common stock (146,253)  
Issuance of common stock for warrant exercise 0 33,334
Net cash used in financing activities (1,146,253) (988,017)
Cash and cash equivalents:    
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Excluding Exchange Rate Effect, Including Discontinued Operation, Total (22,586,526) 8,011,174
Balance, beginning of period 29,549,018 22,832,706
Balance, end of period 6,962,492 30,843,880
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 2,316,475 12,717
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Construction-in-process transferred to property and equipment 513,651 21,184
Initial ROU asset and operating lease liability 0 214,220
Non-cash contingent consideration payable 8,588,000 0
Development Of Internal-Use Software In Accounts Payable 104,575 0
Promissory note in conjunction with debt extinguishment (Note 10) $ 1,000,000 $ 0