v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 10,827,922 $ 2,245,426
Accounts receivable 2,547,681 2,099,641
Inventory 664,294 448,086
Prepaid expenses and other current assets 293,391 210,408
Total current assets 14,333,288 5,003,561
Other non-current prepaid expenses and deposits 673,282 6,615
Deferred offering costs 0 481,250
Property and equipment, net 2,233,573 2,192,443
Right of use asset - operating lease 220,045 258,986
Intellectual property, net 1,141,414 1,294,863
Total assets 18,601,602 9,237,718
Current liabilities    
Accounts payable and accrued expenses (related party $56,301 and $37,500 at September 30, 2026 and December 31, 2025, respectively) 3,323,264 3,610,053
Income tax payable 32,190 32,190
Current portion of operating lease liability 58,162 51,158
Customer credits 167,000 167,000
Accrued salaries 48,780 31,961
Profit share liability - related party 7,099,073 6,847,932
Total current liabilities 10,728,469 10,740,294
Operating lease liability, net of current portion 167,763 212,332
Total liabilities 10,896,232 10,952,626
Stockholders' equity (deficit)    
Preferred stock, $0.001 par value: 2,000,000 shares authorized, no shares issued 0 0
Common stock, $0.001 par value; 50,000,000 and 150,000,000 shares authorized, 26,305,966 and 19,455,966 shares issued, 26,202,102 and 19,455,966 shares outstanding as of September 30, 2026 and December 31, 2025 respectively 26,306 19,456
Additional paid-in capital 88,267,073 74,044,879
Treasury stock at cost, 103,864 and no shares as of September 30, 2026 and December 31, 2025 respectively (170,784) 0
Accumulated deficit (80,417,225) (75,779,243)
Total stockholders' equity (deficit) 7,705,370 (1,714,908)
Total liabilities and stockholders' equity (deficit) $ 18,601,602 $ 9,237,718

Source

10-Q XBRL Zip