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Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 9,266,353 $ 3,451,761
Accounts receivable, net 616,600 488,373
Inventory 5,740,249 3,046,323
Prepaid and other current assets 833,133 1,035,993
Total current assets 16,456,335 8,022,450
Property and equipment, at cost:    
Leasehold improvements 1,238,886 1,238,886
Office equipment 78,155 60,921
Furniture and fixtures 417,876 417,876
Machinery and equipment 3,065,713 2,856,740
Construction in progress 897,885 762,445
Property and equipment, gross 5,698,515 5,336,868
Less accumulated depreciation (3,802,940) (3,740,769)
Net property and equipment 1,895,575 1,596,099
Long-term assets:    
Lease right-of-use assets, net 1,297,121 1,805,543
Intangible assets, net of accumulated amortization 134,914 65,918
Other long-term assets 940,232 954,992
Total long-term assets 2,372,267 2,826,453
Total assets 20,724,177 12,445,002
Current liabilities:    
Accounts payable 1,830,124 1,419,044
Accrued expenses 1,265,773 1,151,049
Convertible notes payable, net (including related parties) 0 5,406,228
Clinical holdback – current portion 52,644 88,581
Operating lease liabilities – current portion 487,624 517,967
Total current liabilities 3,636,165 8,582,869
Long-term liabilities:    
Clinical holdback – long-term portion 52,370 39,611
Convertible notes payable, net 3,178,864 0
Conversion option liability 2,014,000 0
Warrants liabilities 4,943,000 0
Operating lease liabilities – long-term portion 1,030,476 1,518,100
Total long-term liabilities 11,218,710 1,557,711
Total liabilities 14,854,875 10,140,580
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par, 200,000,000 authorized,59,720,010 shares issued and 59,602,787 outstanding as of December 31, 2025; and 23,473,149 shares issued and 23,355,926 outstanding as of December 31, 2024 59,720 23,473
Treasury stock, 117,223 common shares (60,000) (60,000)
Warrants 5,246,150 1,860,008
Additional paid-in-capital 146,449,576 127,679,198
Accumulated deficit (145,826,144) (127,198,257)
Total stockholders’ equity 5,869,302 2,304,422
Total liabilities and stockholders' equity $ 20,724,177 $ 12,445,002