As of June 30, 2026 and December 31, 2025, the Company had prepaid expenses of $239,884 and $355,467, respectively. Prepaid expenses primarily consisted of prepaid insurance premiums, professional and regulatory fees, research and development services, logistics and shipping costs, software subscriptions, and other routine operating expenses. The decrease during the six months ended June 30, 2026 was primarily attributable to the amortization or utilization of prepaid insurance and other operating prepayments in the ordinary course of business.

As of December 31, 2025 and 2024, the Company had prepaid expenses of $354,878 and $100,912, respectively. These balances primarily consisted of prepaid federal and state income taxes and other routine prepaid operating expenses. The increase in prepaid expenses as of December 31, 2025 compared to the prior year was primarily attributable to higher prepaid tax balances and timing of payments for operating expenses.