v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net (loss) income $ (17,791,065) $ 3,918,735 $ (6,580,912) $ 31,030,713
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:        
Depreciation expense 64,600 52,967 115,046 89,125
Amortization expense 1,165,154 61,734 104,372 123,467
Amortization of debt discount 63,607 63,607 249,211
Amortization of right-of-use asset 106,716 53,559 161,602 56,540
Stock-based compensation expense 3,914,096 4,872,564 5,630,473 6,663,684
Fair value adjustment to contingent consideration 1,412,000    
Gain on extinguishment of debt (815,250)    
Non-cash expense for services paid in common stock     18,000 210,177
Amortization of prepaid expenses paid with common stock and warrant     1,611,796 1,192,105
Provision for credit loss     8,800,602 175,000
Deferred tax provision (benefit) (527,450) 3,994,890 (3,994,890)
Changes in operating assets and liabilities:        
Accounts receivable 3,253,111 8,065,416 4,431,957 (19,697,508)
Inventory (1,834,615) (636,397) (1,053,159) (1,165,323)
Prepaid expenses and other assets (364,256) (856,192) (840,282) (933,283)
Accounts payable and accrued expenses 4,911,963 (279,938) (1,495,134) 5,011,200
License fees payable (295,200) (1,916,925) (1,629,600) 1,838,100
Income tax payable (31,512) (3,498,045) (3,466,533) 3,498,045
Accrued interest 99,083 133,403 264,517 265,196
Other current and long-term liabilities (158,802) (10,697) (190,321) (146,633)
Net cash (used in) provided by operating activities (6,363,977) 9,496,341 9,940,920 24,464,926
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchases of property and equipment and construction-in- process (57,925) (497,150) (3,351,592) (426,568)
Cash paid in business combination (15,018,371)    
Short-term loan receivable     1,250,000 (1,250,000)
Net cash used in investing activities (15,076,296) (497,150) (2,101,592) (1,676,568)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repayments on notes payable (3,500,000) (1,021,351) (1,171,351) (837,674)
Proceeds from issuance of common stock 2,500,000    
Cash paid for costs related to the issuance of common stock (146,253)    
Issuance of common stock for warrant exercise 33,334    
Proceeds from the issuance of stock for warrant and option exercises     48,334 642,617
Other     (1)
Net cash used in financing activities (1,146,253) (988,017) (1,123,017) (195,058)
Cash and cash equivalents:        
Net change during the period (22,586,526) 8,011,174 6,716,312 22,593,300
Balance, beginning of period 29,549,018 22,832,706 22,832,706 239,406
Balance, end of period 6,962,492 30,843,880 29,549,018 22,832,706
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:        
Cash paid for taxes     6,500,000
Cash paid for interest 2,316,475 12,717 19,942 72,815
NON-CASH INVESTING AND FINANCING ACTIVITIES:        
Construction-in-process transferred to property and equipment 513,651 21,184 257,217 202,700
Initial ROU asset and operating lease liability 214,220 217,655 316,311
Non-cash contingent consideration payable 8,588,000    
Development of internal-use software in accounts payable 104,575    
Promissory note in conjunction with debt extinguishment (Note 10) $ 1,000,000    
Conversion of debt and accrued interest to shares of common stock     15,210
Issuance of common stock and warrants for prepaid services     $ 2,803,900