v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 11,836,241 $ 2,245,426
Accounts receivable 2,634,659 2,099,641
Inventory 455,820 448,086
Prepaid expenses and other assets 827,982 210,408
Total current assets 15,754,702 5,003,561
Security deposits 6,615 6,615
Deferred offering costs 0 481,250
Property and equipment, net 2,227,312 2,192,443
Right of use asset - operating lease 233,445 258,986
Intellectual property, net 1,192,563 1,294,863
Total assets 19,414,637 9,237,718
Current liabilities    
Accounts payable and accrued expenses (related party $49,336 and $37,500 at June 30, 2026 and December 31, 2025, respectively) 3,431,298 3,610,053
Income tax payable 32,190 32,190
Current portion of operating lease liability 55,338 51,158
Customer credits 167,000 167,000
Accrued salaries 43,094 31,961
Profit share liability - related party 7,350,936 6,847,932
Total current liabilities 11,079,856 10,740,294
Operating lease liability, net of current portion 183,644 212,332
Total liabilities 11,263,500 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; 150,000,000 shares authorized, 26,305,966 and 19,455,966 shares issued and outstanding as of June 30, 2026 and December 31, 2025 respectively. 26,306 19,456
Additional paid-in capital 88,267,073 74,044,879
Accumulated deficit (80,142,242) (75,779,243)
Total stockholders' equity (deficit) 8,151,137 (1,714,908)
Total liabilities and stockholders' equity (deficit) $ 19,414,637 $ 9,237,718

Source

10-Q XBRL Zip