v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 8,892,838 $ 4,981,091
Rights offering subscription proceeds in escrow 113,003 6,704,304
Accounts receivable 6,253,464 3,349,708
Inventories, net 9,555,617 8,908,504
Marketable securities 4,060,107
Subscription receivable 27,884
Prepaid expenses and other 2,346,428 1,116,775
Total Current Assets 31,249,341 25,060,382
Property and equipment, net 3,208,834 2,885,247
Operating lease right of use assets 3,619,458 3,873,697
Intangible assets, net 12,304,792 13,144,956
Goodwill 4,696,883 4,696,883
Cost method investment 348,250 348,250
Long-term deposits 3,081,196 1,469,764
Total Assets 58,508,754 51,479,179
Current Liabilities    
Accounts payable and accrued expenses 4,405,918 4,653,382
Customer deposits 214,602 28,337
Current portion of finance lease obligations 16,203 17,646
Current portion of operating lease obligations 524,310 499,072
Refund payable – cancelled stock option exercise 43,125
Rights offering subscription liability 113,003 6,704,304
Contingent liability 3,000,000 3,000,000
Total Current Liabilities 8,317,161 14,902,741
Long-Term Liabilities    
Finance lease obligations, net of current portion 14,143 21,386
Operating lease obligations, net of current portion 3,371,568 3,640,491
Deferred tax liability 52,000 52,000
Total Liabilities 11,754,872 18,616,618
Commitments and Contingencies
Stockholders’ Equity    
Common stock, par value $0.001, 500,000,000 shares authorized, 25,651,599 and 20,683,095 shares issued and outstanding, respectively 25,652 20,683
Additional paid-in capital 79,357,731 60,861,160
Accumulated deficit (32,629,501) (28,019,282)
Total Stockholders’ Equity 46,753,882 32,862,561
Total Liabilities and Stockholders’ Equity $ 58,508,754 $ 51,479,179