v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash $ 2,156,631 $ 650,339
Accounts receivable, net of allowance for expected credit losses of $2,240 and $0, respectively 508,109 547,848
Contract assets 84,384 258,037
Inventories, net of reserves of $562,170 and $503,835, respectively 1,179,167 1,287,127
Deferred financing costs 125,000
Prepaid and other current assets 672,568 120,825
Total Current Assets 4,600,859 2,989,176
Property, plant, and equipment, net 1,035,591 1,125,194
Intangible assets, net 874,073 922,701
Operating lease right-of-use asset 3,766,913 4,110,531
Other long-term assets 302,000 302,000
Total Assets 10,579,436 9,449,602
Current Liabilities:    
Accrued expenses 993,323 918,328
Deferred revenue 645,399 1,157,128
Contract liabilities 2,667,283 1,205,007
Lease liability, current 249,122 214,044
Derivative liability 222,709 338,902
Total Current Liabilities 7,708,679 10,333,813
Lease liability – non-current 3,782,310 4,152,375
Total Liabilities 11,490,989 14,486,188
Commitments and Contingencies
Stockholders’ Deficit    
Preferred shares par value $0.001: 10,000,000 shares authorized, no shares were issued and outstanding at June 30, 2026, and December 31, 2025, respectively
Common shares par Value $0.001: 100,000,000 shares authorized; 47,641,766 and 22,852,753 issued, and 47,634,388 and 22,845,345 outstanding, at June 30, 2026, and December 31, 2025, respectively 47,649 22,853
Additional paid-in capital 30,485,881 20,160,923
Accumulated deficit (31,435,080) (25,210,359)
Treasury shares (7,378 and 7,378 shares, respectively) (10,003) (10,003)
Total Stockholders’ Deficit (911,553) (5,036,586)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 10,579,436 9,449,602
Nonrelated Party [Member]    
Current Liabilities:    
Accounts payable 1,766,700 1,595,333
Notes payable 862,993 3,804,610
Related Party [Member]    
Current Liabilities:    
Accounts payable 301,150 349,461
Notes payable $ 751,000