v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net loss $ (4,610,219) $ (3,612,146)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,073,853 378,218
Stock-based compensation 1,552,486 223,512
Change in fair value of marketable securities (87,100)
Inventory reserve (27,000)
Operating lease costs 254,239 280,600
Changes in operating assets and liabilities:    
Accounts receivable (2,903,756) (4,108,759)
Inventories (948,831) (266,907)
Prepaid expenses and other (1,394,460) (579,842)
Long-term deposits (1,611,432) (660,000)
Accounts payable and accrued expenses 81,254 4,410,090
Operating lease obligations (243,685) (220,768)
Customer deposits 186,265 (104,235)
Net Cash Used In Operating Activities (8,678,386) (4,260,237)
Cash Flows from Investing Activities    
Purchases of property and equipment (557,276) (487,492)
Cash paid for intangible asset acquisition (3,500,000)
Net investment in marketable securities (3,973,007)
Net Cash Used In Investing Activities (4,530,283) (3,987,492)
Cash Flows from Financing Activities    
Net proceeds from rights offering 1,637,004
Net proceeds from registered direct offering 8,323,748
Proceeds from exercise of stock options, net of subscription receivable 533,924
Proceeds from cancelled stock option exercise, to be refunded 43,125
Repayment of finance lease obligations (8,686) (10,500)
Net Cash Provided By (Used In) Financing Activities 10,529,115 (10,500)
Net change in cash and cash equivalents (2,679,554) (8,258,229)
Cash, Cash Equivalents, and Restricted Cash    
Beginning of the Period 11,685,395 19,315,984
Total Cash, Cash equivalents, and Restricted Cash 9,005,841 11,057,755
Cash and cash equivalents 8,892,838 4,981,091
Rights offering subscription proceeds in escrow 113,003 6,704,304
Supplemental disclosures    
Cash paid for interest 4,900 14,746
Cash paid for income taxes 2,414 10,856
Non-Cash Investing and Financing Activities    
Common Stock issued upon vesting of RSUs 273 2
Contingent liability consideration from intangible asset acquisition 3,000,000
Fair value of common stock issued in intangible asset acquisition 1,710,367
Subscription receivable from exercise of stock options 27,884
Financed purchases of property and equipment 26,868
Reclassification of subscription liability to stockholders’ equity upon closing of rights offering 6,591,301
Reclassification of deferred offering costs to additional paid-in-capital upon closing of rights offering $ 164,807