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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 14,240,432 $ 24,372,373
Short-term investments 1,241,515 492,990
Accounts receivable, net 7,054,545 3,825,291
Inventories 4,125,597 3,165,965
Prepaid expenses and other current assets 1,381,721 933,377
Total Current Assets 28,043,810 32,789,996
Restricted Cash 375,000 375,000
Operating lease assets with right of use, net 7,058,063 7,584,663
Equipment, net 2,908,804 1,330,008
Other assets 286,670 164,412
Total Assets 38,672,347 42,244,079
Current Liabilities:    
Accounts payable and accrued expenses 8,313,862 9,021,817
Current operating lease liability 460,351 748,021
Income taxes payable 204,110 318,885
Deferred revenue 108,780 83,115
Current portion long-term debt 166,667 0
Revolving credit line 2,500,000 0
Total Current Liabilities 11,753,770 10,171,838
Non-current operating lease liability 7,970,116 7,358,184
Long-term debt 1,333,333 0
Total Liabilities 21,057,219 17,530,022
Stockholders’ Equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued or outstanding 0
Common stock par value $0.0001 per share, 65,000,000 shares authorized; 37,780,310 and 34,378,297 shares issued as of June 30, 2025 and December 31, 2024, respectively; and 37,780,283 and 34,378,270 shares outstanding at June 30, 205 and December 31, 2024, respectively 3,778 3,439
Additional paid-in capital 128,781,048 127,846,026
Accumulated other comprehensive income (loss) 48,334 (14,406)
Accumulated deficit (111,211,568) (103,114,538)
Treasury stock, 27 shares at cost (6,464) (6,464)
Total Stockholders’ Equity 17,615,128 24,714,057
Total Liabilities and Stockholders’ Equity $ 38,672,347 $ 42,244,079