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 $ (15,423,824) $ (15,263,388)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 457,285 571,859
Stock-based compensation expense 432,866 1,455,493
Common stock issued for financial advisory services 135,000
Change in fair value of acquisition contingencies (46,109) (727,289)
Non-cash lease expense 1,031 (2,003)
Realized gain on investments (641,823)
Loss from equity method investment 65,518 15,204
Loss on disposition of assets 9,004
Provision for credit losses 557 (13,248)
Inventory obsolescence recoveries (59,215) (95,302)
Changes in assets and liabilities:    
Accounts receivable 137,759 (65,150)
Prepaid expenses and other assets (23,012) 690,010
Inventory 209,943 83,399
Deferred revenue 13,844 5,000
Income taxes payable 23,290
Accounts payable, accrued expenses and other liabilities (765,963) (3,213,100)
Net cash used in operating activities (14,999,320) (17,033,044)
Cash flows from investing activities    
Purchases of property and equipment (160,298) (492,973)
Proceeds from maturities of marketable investment securities 31,509,485
Purchases of marketable securities (6,588,577)
Investment in joint ventures (150,000)
Net cash (used in) provided by investing activities (310,298) 24,427,935
Cash flows from financing activities    
Issuance of common stock related to private placement transaction and warrant exercises, net of offering costs 2,739,973
Issuance of common stock related to at-the-market offering, net of offering costs 4,334,670 783,746
Net cash provided by financing activities 7,074,643 783,746
Net increase (decrease) in cash and cash equivalents (8,234,975) 8,178,637
Cash and cash equivalents at beginning of period 11,884,607 2,936,544
Cash and cash equivalents at end of period 3,649,632 11,115,181
Supplemental disclosure of cash flow information    
Cash received for income taxes 26,592
Supplemental disclosure of non-cash investing and financing transactions    
Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,029,215