v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net loss $ (7,267,858) $ (8,278,862)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 439,063 349,374
Amortization of debt discount 35,633 0
Non-cash lease expense 87,447 58,129
Issuance of common stock for services 311,831 105,900
Stock-based compensation 1,937,347 1,258,542
Loss on debt extinguishment 1,021,787 0
Changes in operating assets and liabilities:    
Accounts receivable 45,240 (594,086)
Unbilled accounts receivable (1,585,202) (226,724)
Other receivable (158,815) 13,692
Inventory (164,049) (120,338)
Contract assets 91,100 (14,842)
Prepaid expenses 190,195 136,342
Other assets 174,253 5,000
Accounts payable and accrued expenses 330,895 146,135
Accured bonuses 25,000 (300,000)
Accrued contract loss provision 0 230,000
Accured legal settlement 0 (335,000)
Unearned revenue 2,205,583 (3,510)
Other liabilities 40,028 (2,524)
Operating lease liabilities (56,854) (48,298)
Net Cash Used In Operating Activities (2,297,376) (7,621,070)
Cash Flows from Investing Activities    
Purchases of property and equipment (1,253,440) (312,830)
Purchases of equipment-in-process 0 (588,993)
Net Cash Used In Investing Activities (1,253,440) (901,823)
Cash Flows from Financing Activities    
Repayments on note payable (59,024) (1,955)
Repayments on financing liability (149,183) 0
Net issuance costs from the sale of common stock 0 (1,781)
Repayment on secured promissory note (630,000) 0
Proceeds from the issuance of convertible notes 2,960,000 0
Proceeds from the exercise of stock options 6,600 24,000
Net Cash Provided by Financing Activities 2,128,393 20,264
Net Decrease in Cash and Cash Equivalents (1,422,423) (8,502,629)
Cash and cash equivalents, beginning of the period 3,198,682 10,651,644
Cash and cash equivalents, end of the period 1,776,259 2,149,015
SUPPLEMENTAL CASHFLOW DISCLOSURES:    
Cash paid for interest 0 0
Cash paid for taxes 0 0
Supplemental cash flow of investing and financing activities    
Recognition of ROU asset and operating lease liabilities 824,566 0
Warrants issued with convertible notes 750,282 0
Equipment financed with note payable 55,000 48,191
Issuance of restricted common stock to executives and employees 25 42
Shares issued for stock subscription receivable 0 334,133
Shares issued for cashless stock option exercise $ 18 $ 0