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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 24,372,373 $ 6,871,306
Short-term investments 492,990 1,994,662
Accounts receivable, net 3,825,291 2,382,658
Inventories, net 3,165,965 1,803,507
Prepaid expenses and other current assets 933,377 598,850
Total Current Assets 32,789,996 13,650,983
Restricted cash 375,000 0
Equipment, net 1,330,008 175,794
Operating lease assets with right-of-use, net 7,584,663 663,554
Other Assets 164,412 91,237
Total Assets 42,244,079 14,581,568
Current Liabilities:    
Accounts payable and accrued expenses 9,021,817 4,885,944
Current operating lease liability 748,021 486,143
Income taxes payable 318,885 96,461
Deferred revenue 83,115 8,510
Total Current Liabilities 10,171,838 5,477,058
Non-current operating lease liability, net of current portion 7,358,184 115,160
Total Liabilities 17,530,022 5,592,218
Commitments and Contingencies - Note 10 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; 34,378,297 and 27,135,061 shares issued as of December 31, 2024 and 2023, respectively, and 34,378,270 and 27,135,034 shares outstanding as of December 31, 2024 and 2023, respectively. 3,439 2,715
Additional paid-in capital 127,846,026 105,840,239
Accumulated other comprehensive (loss) income (14,406) 83,669
Accumulated deficit (103,114,538) (96,930,809)
Treasury stock, at cost; 27 shares of common stock (6,464) (6,464)
Total Stockholders’ Equity 24,714,057 8,989,350
Total Liabilities and Stockholders’ Equity $ 42,244,079 $ 14,581,568