v3.26.1
Unaudited Interim Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 12,502,660 $ 7,805,859
Accounts receivable, net 402,499 503,820
Inventories 1,931,211 1,990,925
Other current assets 3,082,255 3,639,417
Total current assets 17,918,625 13,940,021
Non-current assets    
Property and equipment 1,510,595 2,653,810
Operating lease right of use assets 760,948 907,418
Intangible assets 215,750 351,212
Other non-current assets 11,950,000 11,950,000
Total non-current assets 14,437,293 15,862,440
Total assets 32,355,918 29,802,461
Current liabilities    
Short-term financial liabilities, net 3,890,229 3,694,936
Accounts payable 2,229,816 4,076,540
Operating lease liabilities 549,019 620,095
Deferred revenue 2,494,219 2,129,152
Accrued expenses and other current liabilities 4,093,512 3,868,532
Total current liabilities 13,256,795 14,389,255
Non-current liabilities    
Long-term financial liabilities, net 102,443,755 82,116,160
Operating lease liabilities, net of current portion 108,633 135,715
Employee benefit liabilities 369,647 249,215
Total non-current liabilities 102,922,035 82,501,090
Total liabilities 116,178,830 96,890,345
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock 8,693 8,604
Treasury shares (654,886) (367,632)
Share premium 125,242,581 121,762,359
Accumulated other comprehensive loss (7,557,999) (7,557,999)
Accumulated deficit (200,861,301) (180,933,216)
Total stockholders’ equity (83,822,912) (67,087,884)
Total liabilities and stockholders’ equity $ 32,355,918 $ 29,802,461