v3.26.3
Note 1 - Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2026
Notes Tables  
Schedule of Cash and Cash Equivalents [Table Text Block]

 

 

September 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Cash and cash equivalents

 

 

 

​

 

 

 

​

Cash

 

$

7,236,715

 

 

$

1,637,496

 

Money market funds

 

 

40,454,395

 

 

 

7,472,940

 

Time deposits

 

 

14,409,179

 

 

 

10,391,912

 

Total cash and cash equivalents

 

$

62,100,289

 

 

$

19,502,348

 

Unrealized Gain (Loss) on Investments [Table Text Block]

​

​

As of December 31, 2025

​

​

​

​

​

​

​

Gross Unrealized

​

​

Gross Unrealized

​

​

​

​

​

​

​

Amortized Cost

​

​

Gains

​

​

(losses)

​

​

Fair Value

​

Marketable securities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Treasury bills

​

$

21,277,609

​

​

$

98,006

​

​

$

-

​

​

$

21,375,615

​

Total marketable securities

​

$

21,277,609

​

​

$

98,006

​

​

$

-

​

​

$

21,375,615

​

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

 

 

 

​

 

 

 

​

Balance at January 1

 

$

336,539

 

 

$

486,772

 

Decrease from accounts receivable collected

 

 

(85,752

)

 

 

(193,527

)

Increase for accounts receivable not yet collected

 

 

176,939

 

 

 

9,085

 

Balance at September 30

 

$

427,726

 

 

$

302,330

 

Schedule of Inventory, Current [Table Text Block]

 

 

September 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

 

 

 

 

​

 

 

 

​

Inventories - Current Portion

 

 

 

​

 

 

 

​

Raw materials

 

$

458,274

 

 

$

292,566

 

Work in process

 

 

290,956

 

 

 

103,215

 

Finished goods

 

 

1,165,210

 

 

 

700,284

 

Total Inventories - Current Portion

 

 

1,914,440

 

 

 

1,096,065

 

Inventories - Long-term

 

 

 

​

 

 

 

​

Raw materials

 

 

293,764

 

 

 

415,383

 

Finished goods

 

 

437,662

 

 

 

-

 

Total Inventories - Long-term

 

 

731,426

 

 

 

415,383

 

Total Inventories

 

$

2,645,866

 

 

$

1,511,448

 

Property, Plant, and Equipment, Useful Life Estimate [Table Text Block]

Office furniture and equipment (years)

​

5

​

Lab and production equipment (years)

​

5

​

Computer equipment (years)

​

3 - 5

​

MR scanner (years)

​

7

​

Leasehold improvements

​

Lesser of useful life or remaining lease term

​

Schedule of Other Assets [Table Text Block]

 

 

September 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

 

 

 

 

​

 

 

 

​

Security deposit

 

$

41,097

 

 

$

60,488

 

Equity investment

 

 

69,560

 

 

 

69,560

 

Derivative asset

 

 

-

 

 

 

56,243

 

Convertible note receivable

 

 

352,000

 

 

 

-

 

 

 

$

462,657

 

 

$

186,291

 

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net loss for basic calculation

 

$

(2,909,628

)

 

$

(3,494,087

)

 

$

(28,048,400

)

 

$

(16,635,440

)

Adjustments for change in fair value of:

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Convertible notes (related party)

 

 

(4,079,700

)

 

 

(1,518,100

)

 

 

-

 

 

 

-

 

Warrant liabilities

 

 

(334,293

)

 

 

(142,304

)

 

 

-

 

 

 

-

 

Option liabilities

 

 

(21,666

)

 

 

(142,288

)

 

 

-

 

 

 

-

 

Net loss for diluted calculation

 

$

(7,345,287

)

 

$

(5,296,779

)

 

$

(28,048,400

)

 

$

(16,635,440

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding — basic

 

 

358,022,717

 

 

 

320,542,276

 

 

 

339,876,210

 

 

 

304,651,497

 

Effect of dilutive securities:

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Convertible notes (related party)

 

 

26,020,693

 

 

 

23,570,817

 

 

 

-

 

 

 

-

 

Warrants

 

 

1,024,576

 

 

 

637,879

 

 

 

-

 

 

 

-

 

Stock options

 

 

369,914

 

 

 

2,891,240

 

 

 

-

 

 

 

-

 

Weighted-average shares outstanding — diluted

 

 

385,437,900

 

 

 

347,642,212

 

 

 

339,876,210

 

 

 

304,651,497

 

Net loss per share:

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Basic

 

$

(0.01

)

 

$

(0.01

)

 

$

(0.08

)

 

$

(0.05

)

Diluted

 

$

(0.02

)

 

$

(0.02

)

 

$

(0.08

)

 

$

(0.05

)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Exercise of stock options

 

 

36,171,577

 

 

 

33,790,121

 

 

 

41,223,116

 

 

 

38,986,186

 

Conversion of convertible notes (related party)

 

 

-

 

 

 

-

 

 

 

26,675,169

 

 

 

24,165,796

 

Exercise of warrants

 

 

3,037,465

 

 

 

3,115,590

 

 

 

5,138,033

 

 

 

5,216,158

 

Total

 

 

39,209,042

 

 

 

36,905,711

 

 

 

73,036,318

 

 

 

68,368,140

 

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]

​

​

Nine Months Ended September 30,

​

​

​

2026

​

​

2025

​

​

​

​

​

​

​

​

​

​

Balance at January 1

​

$

1,119,788

​

​

$

1,158,052

​

Decrease from revenue recognized for completion of performance obligations that were included in contract liabilities at the beginning of the period included in:

​

​

​

​

​

​

​

​

Service revenue

​

​

(24,045

)

​

​

(39,689

)

Increase for revenue deferred as the performance obligation has not been satisfied related to:

​

​

​

​

​

​

​

​

Product revenue

​

​

2,589

​

​

​

-

​

Service revenue

​

​

36,888

​

​

​

17,253

​

Balance at September 30

​

$

1,135,220

​

​

$

1,135,616

​

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

 

 

As of September 30, 2026

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Current Liabilities

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Current portion of convertible notes (related party)

 

$

-

 

 

$

-

 

 

$

29,107,200

 

 

$

29,107,200

 

Total Current Liabilities

 

$

-

 

 

$

-

 

 

$

29,107,200

 

 

$

29,107,200

 

Long-term Liabilities

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Warrant liabilities

 

$

-

 

 

$

-

 

 

$

1,922,509

 

 

$

1,922,509

 

Total Long-term Liabilities

 

$

-

 

 

$

-

 

 

$

1,922,509

 

 

$

1,922,509

 

 

 

As of December 31, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Long-term Assets

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Derivative asset

 

$

-

 

 

$

-

 

 

$

56,243

 

 

$

56,243

 

Total Long-term Assets

 

$

-

 

 

$

-

 

 

$

56,243

 

 

$

56,243

 

Current Liabilities

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Current portion of convertible notes (related party)

 

$

-

 

 

$

-

 

 

$

11,745,700

 

 

$

11,745,700

 

Option liabilities

 

$

-

 

 

$

-

 

 

$

3,157,717

 

 

$

3,157,717

 

Total Current Liabilities

 

$

-

 

 

$

-

 

 

$

14,903,417

 

 

$

14,903,417

 

Long-term Liabilities

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Convertible notes, net of current portion (related party)

 

$

-

 

 

$

-

 

 

$

13,268,500

 

 

$

13,268,500

 

Warrant liabilities

 

$

-

 

 

$

-

 

 

$

1,828,677

 

 

$

1,828,677

 

Total Long-term Liabilities

 

$

-

 

 

$

-

 

 

$

15,097,177

 

 

$

15,097,177