v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 10,687,269 $ 11,553,600
Accounts receivable less $12,000 allowance for credit losses 1,267,881 936,700
Inventory, net of allowance $373,000 and $114,200, respectively 1,712,186 456,900
Prepaid expenses and other current assets 168,138 144,100
Total Current Assets 13,835,474 13,091,300
OTHER ASSETS:    
Property and equipment, net 316,287 10,000
Goodwill 490,000 0
Intangible assets, net 290,492 0
Long-term receivables 504,700 775,000
Operating lease right of use assets 568,901 161,300
Total Assets 16,005,854 14,037,600
CURRENT LIABILITIES:    
Accounts payable 430,223 30,600
Accrued expenses and other liabilities 197,700 153,300
Stock compensation payable 70,200 26,700
Purchase consideration payable – holdback, current 100,000 0
Stock subscription payable 99,000 0
Operating lease liability – current 249,514 80,200
Total Current Liabilities 1,146,637 290,800
NON-CURRENT LIABILITIES:    
Accrued expenses, non-current 35,300 54,300
Purchase consideration payable – holdback, long-term 50,000 0
Operating lease liability – non-current 328,144 88,700
TOTAL NON-CURRENT LIABILITIES 413,444 143,000
Total Liabilities 1,560,081 433,800
Commitments and Contingencies (Note 12)  
STOCKHOLDERS' EQUITY:    
Preferred stock, $1.00 par value, 3,000,000 shares authorized; none issued and outstanding 0 0
Common stock, $0.01 par value,75,000,000 shares authorized, 11,743,364 and 10,835,123 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 117,434 108,300
Additional paid-in capital 27,065,966 25,698,900
Accumulated deficit (12,737,627) (12,203,400)
Total stockholders' equity 14,445,773 13,603,800
Total Liabilities and Stockholders' Equity $ 16,005,854 $ 14,037,600