v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 3,187,594 $ 3,456,082
Accounts receivable 1,278,280 1,823,232
Inventory 592,170 621,813
Prepaid expenses and other assets 140,112 198,185
Total current assets 5,198,156 6,099,312
Security deposits 6,615 6,615
Property and equipment, net 2,354,543 2,350,688
Right of use asset - operating lease 294,125 305,142
Intellectual property, net 1,448,313 1,499,463
Total assets 9,301,752 10,261,220
Current liabilities    
Accounts payable and accrued expenses (related party $65,378 and $37,500 at March 31, 2025 and December 31, 2024, respectively) 2,006,630 1,702,998
Income tax payable 0 0
Current portion of operating lease liability 44,464 42,733
Customer credits 167,000 167,000
Accrued salaries 51,668 39,280
Profit share liability - related party 7,207,209 6,853,858
Total current liabilities 9,476,971 8,805,869
Operating lease liability, net of current portion 251,613 263,490
Total liabilities 9,728,584 9,069,359
Commitments and contingencies (Note 9)    
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 96,228,153 and 96,178,153 shares issued and outstanding as of March 31, 2025 and December 31, 2024 respectively. 96,228 96,178
Additional paid-in capital 73,909,396 73,848,919
Accumulated deficit (74,432,456) (72,753,236)
Total stockholders' (deficit) equity (426,832) 1,191,861
Total liabilities and stockholders' (deficit) equity $ 9,301,752 $ 10,261,220

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