v3.26.3
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 62,100,289 $ 19,502,348
Marketable securities 0 21,277,609
Accounts receivable 379,183 240,866
Inventories 1,914,440 1,096,065
Prepaid expenses and other current assets 1,258,317 799,786
Total Current Assets 65,652,229 42,916,674
LONG-TERM ASSETS    
Accounts receivable 48,543 95,673
Property and equipment, net 1,941,719 1,538,460
Inventories 731,426 415,383
Other assets 462,657 186,291
Operating lease right-of-use assets 468,452 604,256
Total Long-Term Assets 3,652,797 2,840,063
TOTAL ASSETS 69,305,026 45,756,737
CURRENT LIABILITIES    
Accounts payable 832,375 496,073
Accrued expenses 1,727,902 1,619,954
Current portion of convertible notes (related party) 29,107,200 11,745,700
Current portion of contract liabilities 49,467 34,035
Current portion of operating lease liabilities 271,778 317,153
Total Current Liabilities 31,988,722 17,370,632
LONG-TERM LIABILITIES    
Convertible Debt, Noncurrent 0 13,268,500
Contract liabilities, net of current portion 1,085,753 1,085,753
Operating lease liability, net of current portion 479,615 634,043
Other long-term liabilities 43,550 45,828
Total Long-Term Liabilities 3,531,427 16,862,801
Total Liabilities 35,520,149 34,233,433
COMMITMENTS AND CONTINGENCIES (NOTE 6)
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value: 25,000,000 shares authorized and 0 shares outstanding as of both September 30, 2026 and December 31, 2025 0 0
Common stock, $0.0001 par value: 535,000,000 shares authorized as of both September 30, 2026 and December 31, 2025 and 358,650,622 and 320,947,028 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 35,866 32,096
Additional paid-in capital 229,395,690 179,089,487
Accumulated deficit (195,646,679) (167,598,279)
Total Stockholders' Equity 33,784,877 11,523,304
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 69,305,026 45,756,737
Options Held [Member]    
CURRENT LIABILITIES    
Option liabilities 0 3,157,717
Warrant Liability [Member]    
LONG-TERM LIABILITIES    
Warrant liabilities $ 1,922,509 $ 1,828,677