v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Dec. 31, 2024
Current Assets      
Cash and cash equivalents $ 6,962,492 $ 29,549,018 $ 22,832,706
Accounts receivable, net of allowance of $9,023,768 as of June 30, 2026 and December 31, 2025, respectively 6,621,357 9,874,468 23,107,027
Inventory 4,711,775 2,877,160 1,824,001
Short-term loan receivable   1,250,000
Prepaid expenses and other assets 2,485,430 2,102,803 2,874,317
Total current assets 20,781,054 44,403,449 51,888,051
Long-Term Assets      
Property and equipment, net 4,419,563 3,970,513 1,504,577
Construction-in-process 505,307 961,032 190,422
Right-of-use asset, net 220,551 327,267 271,214
Intangible assets, net 21,359,186 119,765 224,137
Goodwill 1,532,635 244,635 244,635
Deferred tax assets   3,994,890
Total assets 48,818,296 50,026,661 58,317,926
Current Liabilities      
Accounts payable and accrued expenses 9,457,957 4,441,419 5,936,553
License fees payable 434,775 729,975 2,359,575
Income tax payable 31,512 3,498,045
Accrued interest 11,333 2,227,500 1,962,983
Operating lease liabilities 222,471 225,768 106,723
Notes payable 1,000,000 3,000,000 3,957,744
Contingent consideration payable 10,000,000  
Other current liabilities 75,808 127,406 144,144
Total current liabilities 21,202,344 10,783,580 17,965,767
Long-Term Liabilities      
Operating lease liabilities, less current portion 1,355 105,262 180,235
Notes payable, less current portion   150,000
Total long-term liabilities 1,355 105,262 330,235
Total liabilities 21,203,699 10,888,842 18,296,002
Commitments and contingencies (Note 13)
Stockholders' Equity      
Common stock, $0.001 par value; authorized 975,000,000 shares; issued and outstanding 17,839,467 and 16,825,716 shares as of June 30, 2026 and December 31, 2025, respectively. 17,841 16,827 16,662
Additional paid-in capital 66,605,483 60,338,654 54,642,012
Treasury stock, 18,000 shares at cost (43,346) (43,346) (43,346)
Accumulated deficit (38,965,381) (21,174,316) (14,593,404)
Total stockholders' equity 27,614,597 39,137,819 40,021,924
Total liabilities and stockholders' equity 48,818,296 50,026,661 58,317,926
Series A-1 Convertible Preferred Shares      
Stockholders' Equity      
Preferred Stock Value
Series B-1 Convertible Preferred Shares      
Stockholders' Equity      
Preferred Stock Value