v3.26.1
CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 2,455,146 $ 6,511,036
Investments 1,287,974
Accounts receivable, net 136,402 142,152
Prepaid expenses 591,759 263,730
Inventory prepayments 456,702 438,417
Inventory, net 1,772,410 1,745,136
Due from Tekcapital and Affiliates 334,582
Other current assets 85,240 60
Total Current Assets 6,785,633 9,435,113
Non-Current Assets    
Intangible assets, net 627,930 559,968
Property and equipment, net 31,368 61,777
Other non-current assets 28,219 83,075
TOTAL ASSETS 7,473,150 10,139,933
Current Liabilities    
Accounts payable and accrued expenses 497,489 985,417
Deferred revenue 19,871 59,889
Due to Tekcapital and Affiliates 45,366
Total Current Liabilities 562,726 1,045,306
Non-Current Liabilities    
Long-term payment plan with vendor 4,035 28,488
Deferred revenue 7,624
TOTAL LIABILITIES 574,385 1,073,794
Commitments and contingencies (see Note 9)
Stockholders’ Equity    
Common stock (par value $0.00001, 50,000,000 shares authorized: 6,405,728 and 5,479,861 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively) 64 55
Additional paid-in capital 43,206,006 41,393,203
Accumulated deficit (36,307,305) (32,327,119)
TOTAL STOCKHOLDERS’ EQUITY 6,898,765 9,066,139
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 7,473,150 $ 10,139,933