v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 679,081 $ (92,408,146)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 3,051,701 3,089,126
Stock-based compensation 6,674,202 4,994,794
Change in fair value of warrant liability 0 1,824,179
Change in fair value of derivative liability 0 6,104,230
Provision for (recovery of) credit losses 184,140 (266,076)
Realized gain on marketable securities (327,476) 0
Unrealized gain on marketable securities (1,105,518) (1,084,844)
Lease expense 1,898,771 1,788,532
Non-cash expense related to SEPA Agreement 0 500,000
Changes in operating assets and liabilities:    
Accounts receivable (8,150,403) (1,021,463)
Inventory 126,720 151,745
Prepaid expenses and other current assets (1,411,453) (1,226,532)
Funds released from escrow 20,000,000 0
Other asset (2,932,316) (1,201,125)
Security deposits 0 11,107
Accounts payable 918,221 314,683
Accrued expenses 1,308,782 (2,530,837)
Lease liabilities (2,102,092) (1,921,948)
Settlement liability (22,643,973) 44,984,790
Other long-term liabilities 2,716,667 1,000,000
Deferred revenue (1,651,768) (2,050,078)
Net cash used in operating activities (2,766,713) (38,947,863)
Cash flows from investing activities:    
Purchase of investments (2,531,294) (131,727,862)
Proceeds from maturity of investments 9,735,553 28,000,000
Sale of investments 2,338,557 0
Purchase of property and equipment (1,379,821) (689,460)
Net cash provided by (used in) investing activities 8,162,996 (104,417,322)
Cash flows from financing activities:    
Proceeds from issuance of convertible preferred stock, net 0 80,742,222
Proceeds from issuance of common stock IPO, net 0 66,659,453
Proceeds from exercise of stock options 150,435 6,707,723
Proceeds from additional stock issuance 0 65,000
Payment of dividend 0 (915,067)
Principal payment under finance lease obligation (95,997) (104,995)
Net cash provided by financing activities 54,438 153,154,337
Net change in cash 5,450,720 9,789,152
Cash and cash equivalents – beginning 20,433,021 24,052,887
Cash and cash equivalents – ending 25,883,741 33,842,039
Supplemental disclosures of cash flow information:    
Operating lease assets obtained in exchange for operating lease liabilities 4,102,295 28,391
Interest paid 0 1,829
Non-cash transactions:    
Property and equipment acquired through accounts payable 431,199 743,485
Non-cash financing activities:    
Common stock issuance costs reclassified from prepaid expenses 0 (1,798,989)
Issuance of warrants in connection with the issuance of convertible stock 0 1,144,976
Proceeds from exercise of stock options in transit 0 38,320
IPO funds receivable in escrow $ 0 $ 34,500