v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash $ 3,456,082 $ 20,939,762
Accounts receivable 1,823,232 3,076,462
Inventory 621,813 795,164
Prepaid expenses and other assets 198,185 183,621
Total current assets 6,099,312 24,995,009
Security deposits 6,615 5,175
Property and equipment, net 2,350,688 1,595,958
Right of use asset - operating lease 305,142 10,639
Intellectual property, net 1,499,463 1,704,063
Total assets 10,261,220 28,310,844
Current liabilities    
Accounts payable and accrued expenses (related party $50,471 and $37,500 at September 30, 2025 and December 31, 2024, respectively) 1,702,998 1,558,450
Income tax payable   437,821
Current portion of operating lease liability 42,733 11,157
Customer credits 167,000 167,000
Accrued salaries 39,280 8,936
Profit shares liability - related party 6,853,858  
Total current liabilities 8,805,869 2,183,364
Operating lease liability, net of current portion 263,490  
Secured note payable, net of discount - related party   239,466
Unsecured note payable, net of discount and issuance costs - related party   10,979,723
Profit share liability - related party   14,847,937
Total liabilities 9,069,359 28,250,490
Stockholders' (deficit) equity    
Preferred stock, $0.001 par value: 2,000,000 shares authorized, no shares issued 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. 19,236 18,872
Additional paid-in capital 73,925,861 61,992,607
Accumulated deficit (72,753,236) (61,951,125)
Total stockholders' (deficit) equity 1,191,861 60,354
Total liabilities and stockholders' (deficit) equity $ 10,261,220 $ 28,310,844