v3.26.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,820,127 $ 927,468
Cash, restricted 0 507,517
Accounts receivable, net 5,301,528 5,300,190
Inventory, net 2,893,036 3,473,604
Other current assets 63,505 144,143
Asset held for sale - discontinued operations 0 6,144,793
Current assets - discontinued operations 20,929 281,699
Total current assets 10,099,125 16,779,414
Property and equipment, net 1,214,231 1,273,310
Right of use assets - operating leases, net 373,416 512,389
Right of use assets - finance leases, net 16,155 205,340
Amortizable intangible assets, net 294,902 338,059
Indefinite-lived intangible assets 217,000 217,000
Other noncurrent assets 40,000 40,000
Noncurrent assets - discontinued operations 0 215,509
Total assets 12,254,829 19,581,021
Current liabilities    
Accounts payable 2,013,048 2,456,429
Accrued payroll 219,120 79,559
Accrued liabilities 446,440 499,811
Accrued separation costs - related parties, current portion 425,376 109,236
Stock appreciation rights liability 0 16,143
Notes payable, current portion 68,032 66,026
Lease liability - operating leases, current 302,620 285,534
Lease liability - finance leases, current 0 48,866
Current liabilities - discontinued operations 27,330 8,877,624
Total current liabilities 3,501,966 12,439,228
Note payable non-current 182,242 216,947
Accrued separation costs - related parties, non-current 0 400,000
Lease liability - operating leases, non-current 81,013 234,963
Lease liability - finance leases, non-current 0 52,683
Total liabilities 3,765,221 13,343,821
Commitments & contingencies (see note 18) 0 0
Stockholders’ equity    
Common stock: $0.0001 par value; 500,000,000 shares authorized; 57,493,776 shares issued, and 54,649,479 shares outstanding at June 30, 2026 and December 31, 2025, respectively 5,746 5,746
Additional paid-in capital 45,695,650 45,647,902
Treasury stock: 2,644,297 shares outstanding at June 30, 2026 and December 31, 2025 (1,141,372) (1,141,372)
Accumulated deficit (36,070,416) (38,275,076)
Total stockholders’ equity 8,489,608 6,237,200
Total liabilities and stockholders’ equity $ 12,254,829 $ 19,581,021