v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents (includes restricted cash of $750,000 and $1,000,000 at September 30, 2026 and December 31, 2025, respectively) $ 3,945,212 $ 3,654,944
Accounts receivable 119,327 142,878
Inventories, net 3,470,734 3,751,549
Prepaid expenses and other current assets 357,096 196,104
Total current assets 7,892,369 7,745,475
Property and equipment, net 75,904 443,811
Operating lease right-of-use asset, net 830,963 1,088,091
Deposits 75,115 68,189
Intangible assets, net 795,785 2,487,822
Goodwill 20,007,670 20,007,670
Total assets 29,677,806 31,841,058
Current liabilities:    
Accounts payable 2,122,678 1,815,727
Accrued expenses 1,433,380 1,917,961
Customer deposits 72,371 2,015
Deferred revenue 99,271 130,376
Secured revolving line of credit 3,122,932 3,212,935
Convertible promissory note 48,387 46,137
Notes payable, current portion 12,240 12,240
Operating lease liability, current portion 349,356 358,861
Total current liabilities 7,260,615 7,496,252
Notes payable, net of current portion 641,631 651,349
Deferred income taxes 175,250 608,000
Operating lease liability, net of current portion 519,077 774,510
Total liabilities 8,596,573 9,530,111
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized;
Common stock, $0.001 par value, 750,000,000 shares authorized; 35,800,996 and 33,146,517 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 35,801 33,147
Additional paid-in capital 124,879,396 120,713,202
Common stock issuable, 350,843 and 350,843 shares, respectively 350,843 350,843
Accumulated deficit (104,184,807) (98,786,245)
Total stockholders’ equity 21,081,233 22,310,947
Total liabilities and stockholders’ equity $ 29,677,806 $ 31,841,058