v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 1,776,259 $ 3,198,682
Accounts receivable, net of credit allowance 623,663 668,903
Unbilled accounts receivable 1,585,202 0
Other accounts receivable 185,392 26,577
Inventory, net 1,635,942 1,471,893
Contract assets 0 91,100
Prepaid expenses 205,612 395,807
Total Current Assets 6,012,070 5,852,962
Long-Term Assets:    
Property and equipment, net 4,741,379 3,835,318
Intangible assets, net 906,540 943,224
Right-of-use assets, net 1,308,860 571,741
Other assets 27,850 202,103
Total Long-Term Assets 6,984,629 5,552,386
Total Assets 12,996,699 11,405,348
Current Liabilities:    
Accounts payable and accrued expenses 1,581,180 1,250,285
Accrued bonuses 105,000 80,000
Accrued contract loss provision 1,600,000 1,600,000
Unearned revenue 0 312,905
Note payable 8,725 8,270
Secured promissory note 0 630,000
Financing liability 10,159 159,342
Operating lease liabilities 224,051 119,693
Other liabilities 63,412 23,384
Total Current Liabilities 3,592,527 4,183,879
Long-Term Liabilities:    
Unearned revenue, less current portion 2,548,488 30,000
Convertible notes, net of discount 2,744,046 0
Note payable, less current portion 30,400 34,879
Operating lease liabilities, less current portion 1,095,037 431,683
Total Long-Term Liabilities 6,417,971 496,562
Total Liabilities 10,010,498 4,680,441
Stockholders' Equity    
Preferred Stock: 50,000,000; 1,000,000 Designated as Convertible Series D preferred shares authorized; par value $0.0001 per share, nil issued and outstanding at June 30, 2026 and December 31, 2025, respectively 0 0
Common stock: 1,000,000,000 common shares authorized, par value $0.0001 per share, 17,718,161 and 17,143,771 shares outstanding at June 30, 2026 and December 31, 2025, respectively 1,772 1,715
Additional paid-in capital 60,186,414 56,657,319
Accumulated deficit (57,204,456) (49,936,598)
Accumulated other comprehensive income 2,471 2,471
Total Stockholders' Equity 2,986,201 6,724,907
Total Liabilities and Stockholders' Equity $ 12,996,699 $ 11,405,348