v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash $ 1,768,227 $ 3,456,082
Accounts receivable 3,630,790 1,823,232
Inventory 498,168 621,813
Prepaid expenses and other assets 130,229 198,185
Total current assets 6,027,414 6,099,312
Security deposits 6,615 6,615
Deferred offering costs 207,500 0
Property and equipment, net 2,279,802 2,350,688
Right of use asset - operating lease 271,078 305,142
Intellectual property, net 1,346,013 1,499,463
Total assets 10,138,422 10,261,220
Current liabilities    
Accounts payable and accrued expenses (related party $50,471 and $37,500 at September 30, 2025 and December 31, 2024, respectively) 3,191,020 1,702,998
Current portion of operating lease liability 48,846 42,733
Customer credits 167,000 167,000
Accrued salaries 26,773 39,280
Profit share liability - related party 7,620,525 6,853,858
Total current liabilities 11,054,164 8,805,869
Operating lease liability, net of current portion 225,925 263,490
Total liabilities 11,280,089 9,069,359
Stockholders' (deficit) equity    
Preferred stock, $0.001 par value: 2,000,000 shares authorized, no shares issued 0 0
Common stock, $0.001 par value; 150,000,000 shares authorized 96,866,109 and 96,178,153 shares issued and outstanding as of September 30, 2025 and December 31, 2024 respectively. 96,866 96,178
Additional paid-in capital 73,947,827 73,848,919
Accumulated deficit (75,186,360) (72,753,236)
Total stockholders' (deficit) equity (1,141,667) 1,191,861
Total liabilities and stockholders' (deficit) equity $ 10,138,422 $ 10,261,220

Source

10-Q PDF
XBRL