v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Sales:        
Total Sales $ 1,113,498 $ 1,295,709 $ 2,504,813 $ 2,876,650
Cost of Sales:        
Cost of Sales - Depreciation and Amortization 73,579 167,349 156,320 344,218
Total Cost of Sales 1,758,909 2,057,079 3,528,144 3,903,138
Gross Loss (645,411) (761,370) (1,023,331) (1,026,488)
Operating Expenses:        
Research and Development 3,097,875 2,570,873 6,126,229 5,176,713
Selling and Marketing 1,209,944 1,352,990 2,760,810 2,890,456
General and Administrative 2,682,330 2,756,588 4,816,272 6,717,572
Depreciation and Amortization 118,245 413,483 233,262 818,494
Total Operating Expenses 7,108,394 7,093,934 13,936,573 15,603,235
Loss From Operations (7,753,805) (7,855,304) (14,959,904) (16,629,723)
Other Income (Expense):        
Investment Income 157,765 135,759 326,167 304,239
Other Taxes (20,332) 40,772 (36,458) 22,371
Foreign Exchange Gain (Loss) (12,323) 12,519 (29,824) (768)
Total Other Income, Net 125,110 189,050 259,885 325,842
Loss Before Provision for Income Taxes (7,628,695) (7,666,254) (14,700,019) (16,303,881)
Net Loss (7,628,695) (7,666,254) (14,700,019) (16,303,881)
Preferred Stock Dividends (37,500) (3,493) (75,000) (3,493)
Loss Attributable to Common Shareholders - Basic (7,666,195) (7,669,747) (14,775,019) (16,307,374)
Loss Attributable to Common Shareholders - Diluted $ (7,666,195) $ (7,669,747) $ (14,775,019) $ (16,307,374)
Basic Net Loss per Common Share (in dollars per share) $ (0.09) $ (0.1) $ (0.18) $ (0.21)
Diluted Net Loss per Common Share (in dollars per share) $ (0.09) $ (0.1) $ (0.18) $ (0.21)
Weighted-average Shares Outstanding - Basic (in shares) 83,732,630 76,468,186 82,814,749 76,343,911
Weighted-average Shares Outstanding - Diluted (in shares) 83,732,630 76,468,186 82,814,749 76,343,911
Sales of Products        
Sales:        
Total Sales $ 884,296 $ 1,045,310 $ 1,926,674 $ 2,369,383
Cost of Sales:        
Cost of Sales 1,488,456 1,617,346 2,960,628 3,228,076
Sales of Engineering Services        
Sales:        
Total Sales 229,202 250,399 578,139 507,267
Cost of Sales:        
Cost of Sales $ 196,874 $ 272,384 $ 411,196 $ 330,844