v3.26.1
Condensed Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
   Cash and cash equivalents $ 1,605,519 $ 2,032,468
   Accounts receivable, net 1,170,431 1,711,047
   Inventories, net 3,819,970 4,220,822
   Prepaid expenses and other current assets 547,541 548,379
   Deferred cost on shipments to distributors 110,758 122,480
      Total current assets 7,254,219 8,635,196
Property and equipment:    
   Machinery and office equipment 3,170,769 3,101,647
   Computer equipment 3,861,798 3,786,880
  7,032,567 6,888,527
   Accumulated depreciation (5,261,423) (4,763,692)
      Property and equipment, net 1,771,144 2,124,835
Intangible assets, net 1,241,129 1,304,777
Other long-term assets 285,911 285,911
Operating lease right-of-use asset 1,817,662 2,086,621
      Total assets 12,370,065 14,437,340
Current liabilities:    
   Accounts payable and accrued expenses 1,180,654 1,309,675
   Accrued payroll and related expenses 552,349 713,205
   Deferred revenue on shipments to distributors 303,940 335,874
   Short term portion of deferred service revenue 42,981 18,091
   Subordinated convertible notes payable, net of discount 350,000 400,000
   Subordinated convertible notes payable, net of discount-related party 5,489,811 5,083,007
   Operating lease – current portion 597,701 575,172
      Total current liabilities 8,517,436 8,435,024
Long-term portion of deferred service revenue 59,672 10,167
Long-term portion of operating lease 1,410,333 1,713,536
   Total liabilities 9,987,441 10,158,727
Commitments and contingencies
Stockholders’ equity:    
Common Stock, Value, Issued 8,273 7,977
   Additional paid-in capital 70,211,773 69,862,086
   Treasury stock (1,037,988) (1,037,988)
   Accumulated deficit (66,799,434) (64,553,462)
      Total stockholders’ equity 2,382,624 4,278,613
         Total liabilities and stockholders’ equity $ 12,370,065 $ 14,437,340