XML 20 R3.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 11,444,693 $ 17,964,184
Accounts receivable, net 16,944,780 11,701,466
Inventories, net 6,225,518 3,999,995
Prepaid and other current assets 2,445,276 2,786,513
Total current assets 37,060,267 36,452,158
Non-current inventories 9,253,090 11,005,499
Property and equipment, net 264,724 277,365
Intangible assets, net 14,027,921 17,973,449
Goodwill 914,000 914,000
Operating lease right-of-use assets 8,343,832 6,176,923
Investments 3,986,780 0
Other assets 2,973,378 2,784,016
Total assets 76,823,992 75,583,410
Current liabilities:    
Accounts payable 18,567,546 13,914,266
Operating lease current liabilities 467,774 356,508
Revolving line of credit - current 0 5,100,000
Other investment liabilities 5,074,504 0
Other current liabilities 12,635,095 12,250,955
Total current liabilities 36,744,919 31,621,729
Revolving line of credit - long term 5,240,733 10,176,170
Operating lease non-current liabilities 4,471,965 4,939,739
Total other long-term liabilities 5,822,153 6,299,795
Total liabilities 52,279,770 53,037,433
Shareholders’ equity:    
Common stock – no par value; 100,000,000 shares authorized; 14,956,627 and 13,952,624 shares issued and outstanding as of December 31, 2025 and 2024, respectively 51,684,381 46,821,425
Accumulated deficit (26,804,059) (23,967,931)
Total shareholders’ equity 24,880,322 22,853,494
Noncontrolling interests (336,100) (307,517)
Total equity 24,544,222 22,545,977
Total liabilities and equity $ 76,823,992 $ 75,583,410