v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 2,228,211 $ 990,023
Short-term investments 37,471,239 33,736,091
Accounts and other receivables 1,345,455 1,544,213
Inventory 1,656,645 2,039,655
Prepaid expenses and other current assets 1,255,536 885,800
TOTAL CURRENT ASSETS 43,957,086 39,195,782
NON-CURRENT ASSETS    
Property and equipment, net 3,710,626 3,268,196
Right of use asset, net 5,536,958 5,971,800
Intangible assets, net 452,717 466,223
Other non-current assets 1,311,971 1,151,214
TOTAL NON-CURRENT ASSETS 11,012,272 10,857,433
TOTAL ASSETS 54,969,358 50,053,215
CURRENT LIABILITIES    
Accounts payable 168,602 217,439
Deferred revenue 555,368 395,348
Current operating lease liability 844,728 312,365
Accrued expenses and other current liabilities 1,120,896 2,615,734
TOTAL CURRENT LIABILITIES 2,689,594 3,540,886
NON-CURRENT LIABILITIES    
Non-current deferred revenue 1,710,044 1,262,667
Non-current operating lease liability 5,977,917 6,495,256
TOTAL NON-CURRENT LIABILITIES 7,687,961 7,757,923
TOTAL LIABILITIES 10,377,555 11,298,809
Commitments and Contingencies (Note 13)
STOCKHOLDERS’ EQUITY    
Preferred stock, Par $0.00001, 10 million shares authorized; no shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock, Par $0.00001; 400,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 14,423,281 and 7,974,380 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 144 80
Additional paid-in capital 274,255,399 255,576,797
Accumulated deficit (229,663,740) (216,822,471)
TOTAL STOCKHOLDERS’ EQUITY 44,591,803 38,754,406
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 54,969,358 $ 50,053,215