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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (8,097,030) $ (4,957,239)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation 349,240 65,663
Stock-based compensation 935,093 228,395
Accretion of discount on short-term investments (23,383) (108,999)
Credit losses 51,643 5,257
Amortization of deferred offering costs 60,045 0
Amortization of right-of-use assets 526,600 124,057
Other non-cash charges (91,984) 44,631
Changes in operating assets and liabilities:    
Accounts receivable (2,975,272) (102,234)
Inventories (1,204,740) (816,055)
Prepaid expenses and other current assets (615,940) (363,375)
Other assets (130,801) (214,937)
Accounts payable and accrued expenses (531,182) 990,973
Income taxes payable (144,392) 176,235
Operating lease liabilities 140,536 (237,365)
Deferred revenue 25,666 3,505
Tenant improvement allowance 183,726 0
Net cash used in operating activities (11,542,175) (5,161,488)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of short-term investments (1,225,410) (5,482,757)
Maturities of short-term investments 500,000 4,450,000
Purchases of equipment (1,928,036) (179,173)
Net cash used in investing activities (2,653,446) (1,211,930)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from common stock offering 0 4,598,771
Deferred debt origination costs (36,506) 0
Proceeds from sale of pre-funded warrants, net of offering costs 0 763,138
Net Proceeds from issuance of debt 4,000,000 0
Net cash provided by financing activities 3,963,494 5,361,909
Effect of foreign exchange rate changes on cash 100,186 (13,697)
Net (decrease) increase in cash and cash equivalents (10,131,941) (1,025,206)
Cash and cash equivalents, beginning of period 24,747,373 6,871,306
Cash and cash equivalents, end of period 14,615,432 5,846,100
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Unrealized gain from mark to market on short-term investments $ 268 $ 2,809