v3.26.3
Consolidated Balance Sheets - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 1,018,416 $ 533,670
Employee Retention Tax Credit Receivable 558,057 527,948
Accounts receivable - net 763,233 741,539
Inventories 1,053,107 965,212
Prepaid expenses 332,782 478,262
Total current assets 3,725,595 3,246,631
Property and equipment:    
Equipment 4,429,247 4,463,379
Leasehold improvements 3,226,834 3,175,507
Gross property and equipment 7,656,081 7,638,886
Less accumulated depreciation and amortization 4,204,307 3,979,112
Net property and equipment 3,451,774 3,659,774
Deferred tax asset 2,989,651 3,114,727
Deferred contract costs 1,612,506 1,699,935
Goodwill 0 278,466
Operating lease right of use assets 2,657,614 3,332,195
Other assets 619,760 562,756
Total assets 15,056,900 15,894,484
Current liabilities:    
Accounts payable and accrued expenses 531,197 702,207
Current portion of operating lease liability 941,901 950,409
Current portion of Senior Loans payable 1,194,891 5,470,824
Current portion of subordinated notes payable 0 575,000
Warrant liability 0 500,000
Total current liabilities 2,667,989 8,198,440
Long-term obligations:    
Long-term portion of Senior Loan payable 5,006,908 0
Operating lease liabilities - net of current portion 1,857,661 2,564,162
Deferred contract income 1,612,506 1,699,934
Total long-term liabilities 8,477,075 4,264,096
Total liabilities 11,145,064 12,462,536
Stockholders' equity:    
Common Stock - no par value (40,000,000 shares authorized, 22,215,512 issued and outstanding as of December 31, 2025 and 22,707,749 issued and outstanding as of September 30, 2026) 24,994,958 24,911,141
Accumulated deficit (21,083,122) (21,479,193)
Total stockholders' equity 3,911,836 3,431,947
Total liabilities and stockholders' equity $ 15,056,900 $ 15,894,484