v3.26.1
Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash, cash equivalents, and restricted cash $ 23,201,214 $ 5,320,600
Accounts receivable, net 10,783,385 3,899,205
Inventory 28,268,002 7,782,169
Prepaid expenses and other current assets 3,082,104 1,838,683
Total current assets 65,334,705 18,840,657
Property and equipment, net 2,722,198 41,203
Intangible assets, net 42,131,047 207,100
Goodwill 31,824,649 0
Right-of-use assets 3,703,181 128,877
Total assets 145,715,780 19,217,837
Current liabilities    
Accounts payable 8,517,899 3,094,579
Accrued expenses 8,018,984 4,458,096
Related party liabilities 29,500 46,500
Contingent consideration 4,117,000 0
Lease liabilities, current portion 769,016 109,145
Total current liabilities 21,452,399 7,708,320
Lease liabilities 2,988,817 46,730
Total liabilities 24,441,216 7,755,050
Mezzanine equity    
Series A preferred stock, $0.001 par value, 110,000 shares authorized and 110,000 shares issued and outstanding at June 30, 2026. 110,246,852 0
Stockholders’ equity    
Common stock, $0.001 par value, 100,000,000 shares authorized at June 30, 2026 and December 31, 2025; 11,483,127 issued and 11,106,796 outstanding at June 30, 2026; and 11,071,096 issued and 10,694,765 outstanding at December 31, 2025. 11,107 10,695
Additional paid-in capital 122,441,277 122,822,613
Accumulated deficit (111,424,672) (111,370,521)
Total stockholders’ equity 11,027,712 11,462,787
Total liabilities, mezzanine equity, and stockholders’ equity 145,715,780 19,217,837
Series A Preferred Stock [Member]    
Mezzanine equity    
Series A preferred stock, $0.001 par value, 110,000 shares authorized and 110,000 shares issued and outstanding at June 30, 2026. $ 110,246,852 $ 0