v3.26.3
Consolidated Condensed Statement of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ (22,545,507) $ (8,627,553)
Depreciation and amortization 390,717 63,635
Stock-based compensation expense 15,073,154 9,522,261
Unrealized loss (gain) on short-term investments 12,773,139 (5,849,713)
Realized gain on short-term investments (9,532,673) 0
Bad debt 0 12,146
Contingent consideration 153,000 (0)
Change in assets and liabilities:    
Accounts receivable (16,923,933) (122,696)
Inventories (37,305,429) (1,746,100)
Prepaid inventory (13,510,540) (6,016,951)
Other assets (1,225,625) (165,529)
Right of use asset and lease liabilities 74,071 (8,144)
Note Receivable (5,000,000) 0
Accounts payable and accrued expenses 4,549,114 406,399
Deferred revenue and other current liabilities (523,634) 1,137,953
Net cash used in operating activities (73,554,146) (11,394,292)
Cash flows from investing activities    
Acquisition of businesses, net of cash received 0 93,054
Investments in short-term securities (82,499,998) (11,000,000)
Proceeds from sale of short-term investments 20,082,674 0
Purchase of property and equipment (6,481,450) (1,550,687)
Purchase of intangible assets (patents) (7,980) 0
Net cash used in investing activities (68,906,754) (12,457,633)
Cash flows from financing activities:    
Gross proceeds from issuance of common shares, public offering 149,999,993 40,000,000
Gross proceeds from issuance of common shares, registered direct offering 0 48,500,000
Gross proceeds from issuance of common shares, at the market 60,000,000 0
Proceeds from option exercises 750,373 501,610
Proceeds from issuance of common shares, warrant exercises 3,395,000 2,479,466
Common share issuance offering costs (13,001,236) (7,103,000)
Net cash provided by financing activities 201,144,130 84,378,076
Net increase in cash 58,683,230 60,526,149
Effect of exchange rates changes on cash 20,878 2,278
Cash, beginning of period 103,261,397 3,757,323
Cash, end of period $ 161,965,505 $ 64,285,750