v3.26.3
Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Current Assets    
Cash $ 21,921,769 $ 36,786,318
Receivables, net 13,249,849 2,485,882
Product deposit 218,690 320,217
Inventory, net 10,348,601 2,773,576
Other current assets 3,522,349 2,646,077
Total Current Assets 49,261,258 45,012,070
Non-current Assets    
Equipment, net 1,905,154 2,444,717
Right of use assets, net 4,622,463 5,267,857
Capitalized software, net 10,329,573 10,604,946
Intangible assets, net 166,583 262,334
Total Non-current Assets 17,023,773 18,579,854
Total Assets 66,285,031 63,591,924
Current Liabilities    
Accounts payable 37,736,899 14,149,154
Accrued expenses 12,842,607 14,214,393
Current operating lease liabilities 691,719 642,422
Deferred revenue 10,433,507 10,573,442
Total Current Liabilities 61,704,732 39,579,411
Long-term Liabilities    
Noncurrent operating lease liabilities 5,159,954 5,681,374
Total Liabilities 66,864,686 45,260,785
Commitments and contingencies (Note 12)
Stockholders’ (Deficit) Equity    
Series A Preferred Stock, $0.0001 par value; 1,610,000 shares authorized, 1,400,000 shares issued and outstanding, liquidation value approximately, $35.8 million as of September 30, 2026 and December 31, 2025 140 140
Common Stock, $0.01 par value; 100,000,000 shares authorized, 48,358,877 and 46,760,016 shares issued, 48,255,837 and 46,656,976 outstanding as of September 30, 2026 and December 31, 2025, respectively 483,589 467,600
Additional paid-in capital 255,443,609 251,455,616
Accumulated deficit (256,343,292) (233,428,516)
Treasury stock, 103,040 shares, at cost, as of September 30, 2026 and December 31, 2025 (163,701) (163,701)
Total Stockholders’ (Deficit) Equity (579,655) 18,331,139
Total Liabilities and Stockholders’ (Deficit) Equity $ 66,285,031 $ 63,591,924