v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 893,825 $ 3,019,618
Accounts receivable, net 253,253 363,935
Inventories 4,016,277 5,987,262
Prepaid expenses and vendor deposits 247,754 375,494
Deferred offering costs 1,221,474 152,157
Other current assets 132,912 85,946
TOTAL CURRENT ASSETS 6,945,579 9,984,412
Property, plant, and equipment, net 1,786,837 1,770,746
Intangible assets, net 3,708,809 4,297,615
Goodwill 2,212,000 2,212,000
Right-of-use assets – operating lease 10,085,408 10,503,441
Right-of-use assets – finance lease 132,958 148,600
Investment in other entity - related party 2,242,769 3,950,081
Other assets 624,877 630,824
TOTAL ASSETS 27,739,237 33,497,719
CURRENT LIABILITIES    
Accounts payable and accrued expenses 9,053,036 8,054,043
Contract liabilities 35,101 27,700
Current portion of loan payable 1,107,329 1,117,959
Operating lease liability, current 3,341,179 3,472,897
Finance lease liability, current 28,433 27,423
Other liabilities 14,833 14,306
TOTAL CURRENT LIABILITIES 13,579,911 12,714,328
Loan payable, net of current portion 3,621,387 6,180,498
Operating lease liability, net of current 6,869,472 7,111,534
Finance lease liability, net of current 107,972 122,445
Other long-term liabilities 56,327 63,878
TOTAL LIABILITIES 24,235,069 26,192,683
COMMITMENTS AND CONTINGENCIES (SEE NOTE 17)
STOCKHOLDERS’ EQUITY    
Additional paid-in capital 14,884,917 11,951,749
Accumulated deficit (11,410,646) (4,666,709)
TOTAL STOCKHOLDERS’ EQUITY 3,504,168 7,305,036
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 27,739,237 33,497,719
Common Class A [Member]    
STOCKHOLDERS’ EQUITY    
Common stock, value 29,892 19,991
Common Class B [Member]    
STOCKHOLDERS’ EQUITY    
Common stock, value
Series A Convertible Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY    
Series A convertible preferred stock, $0.001 par value per share, 40,000,000 shares authorized, 5,250 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively. 5 5
Related Party [Member]    
CURRENT ASSETS    
Due from related party $ 180,084