v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash $ 15,910,228 $ 29,858,655
Accounts receivable, net 1,303,377 3,448,909
Inventories, net 5,600,576 5,662,384
Short-term investment in equity securities, at fair value 4,361,070 0
Prepaid and other current assets 915,741 556,655
Total current assets 28,090,992 39,526,603
Property and equipment, net 759,431 331,818
Right-of-use assets 3,240,422 1,869,589
Intangible assets, net 80,666 56,850
Investment in equity securities, at fair value 5,279,384 0
Other assets 412,877 444,481
Total assets 37,863,772 42,229,341
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 1,524,749 1,610,229
Accrued liabilities 1,552,741 2,300,684
Contract liabilities 61,958 127,874
Current portion of operating lease liability 1,129,492 849,599
Total current liabilities 4,370,929 4,993,173
Long-term portion of operating lease liability 2,161,910 1,024,878
Long-term portion of COVID loan 152,978 209,563
Warrant liabilities 55,000 50,000
Defined benefit plan obligation 209,280 215,021
Total liabilities 6,950,097 6,492,635
COMMITMENTS AND CONTINGENCIES (NOTE 9)
STOCKHOLDERS’ EQUITY:    
Common Stock, $0.001 par value, 200,000,000 shares authorized, 62,103,454 and 43,613,800 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 62,103 43,614
Additional paid-in capital 277,156,589 266,736,538
Accumulated deficit (246,589,767) (231,234,641)
Accumulated other comprehensive income 284,746 191,185
Total stockholders’ equity 30,913,675 35,736,706
Total liabilities and stockholders’ equity 37,863,772 42,229,341
Series F Convertible Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY:    
Preferred Stock 2 4
Series G Convertible Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY:    
Preferred Stock 2 6
SenseFly COVID Loans [Member]    
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current portion of COVID loan $ 101,989 $ 104,787