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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 5,846,100 $ 6,871,306
Short-term investments 3,135,801 1,994,662
Accounts receivable, net 2,526,361 2,382,658
Inventories, net 2,601,104 1,803,507
Prepaid expenses and other current assets 1,032,323 598,850
Total Current Assets 15,141,689 13,650,983
Operating lease assets with right of use, net 539,498 663,554
Equipment, net 289,303 175,794
Other assets 219,891 91,237
Total Assets 16,190,381 14,581,568
Current Liabilities:    
Accounts payable and accrued expenses 5,868,407 4,885,944
Current operating lease liabilities 316,600 486,143
Income taxes payable 268,310 96,461
Deferred revenue 12,015 8,510
Total Current Liabilities 6,465,332 5,477,058
Non-current operating lease liabilities 47,338 115,160
Total Liabilities 6,512,670 5,592,218
Commitments and Contingencies 0 0
Stockholders’ Equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock par value $0.0001 per share, 65,000,000 shares authorized; 30,201,354 and 27,135,061 shares issued as of June 30, 2024 and December 31, 2023, respectively; and 30,201,327 and 27,135,034 shares outstanding at June 30, 2024 and December 31, 2023, respectively 3,021 2,715
Additional paid-in capital 111,430,314 105,840,239
Accumulated other comprehensive income 138,888 83,669
Accumulated deficit (101,888,048) (96,930,809)
Treasury stock, 27 shares at cost (6,464) (6,464)
Total Stockholders’ Equity 9,677,711 8,989,350
Total Liabilities and Stockholders’ Equity $ 16,190,381 $ 14,581,568