v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:      
Cash and cash equivalents $ 10,687,269 $ 11,553,600 $ 10,839,700
Accounts receivable less $12,000 allowance for credit losses 1,267,881 936,700 1,234,500
Inventory, net of allowance $373,000 and $114,200, respectively 1,712,186 456,900 349,600
Prepaid expenses and other current assets 168,138 144,100 155,700
Total Current Assets 13,835,474 13,091,300 12,579,500
Fixed assets      
Leasehold improvements 95,100 81,500 81,500
Furniture, fixtures and equipment 188,533 179,700 179,700
Fixed assets, gross   261,200 261,200
Less: accumulated depreciation and amortization 263,780 251,200 244,500
Total fixed assets   10,000 16,700
OTHER ASSETS:      
Property and equipment, net 316,287 10,000  
Goodwill 490,000 0  
Intangible assets, net 290,492 0  
Long-term receivables 504,700 775,000 1,292,800
Operating lease right of use assets 568,901 161,300 32,400
Total other assets   936,300 1,325,200
Total Assets 16,005,854 14,037,600 13,921,400
CURRENT LIABILITIES:      
Accounts payable 430,223 30,600 20,900
Accrued expenses and other liabilities 197,700 153,300 108,300
Stock compensation payable 70,200 26,700 26,800
Purchase consideration payable – holdback, current 100,000 0  
Stock subscription payable 99,000 0  
Operating lease liability – current 249,514 80,200 35,200
Total Current Liabilities 1,146,637 290,800 191,200
NON-CURRENT LIABILITIES:      
Operating lease liability – non-current 328,144 88,700 0
Accrued expenses, non-current 35,300 54,300 90,400
Purchase consideration payable – holdback, long-term 50,000 0  
TOTAL NON-CURRENT LIABILITIES 413,444 143,000  
Total Liabilities 1,560,081 433,800 281,600
Commitments and Contingencies (Note 12)  
STOCKHOLDERS' EQUITY:      
Preferred stock, $1.00 par value, 3,000,000 shares authorized; none issued and outstanding 0 0 0
Common stock, $0.01 par value,75,000,000 shares authorized, 11,743,364 and 10,835,123 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 117,434 108,300 107,900
Additional paid-in capital 27,065,966 25,698,900 25,580,400
Accumulated deficit (12,737,627) (12,203,400) (12,048,500)
Total stockholders' equity 14,445,773 13,603,800 13,639,800
Total Liabilities and Stockholders' Equity $ 16,005,854 $ 14,037,600 $ 13,921,400