XML 9 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 11,576,010 $ 13,596,600
Accounts receivable, net of allowance for credit losses of $0 3,190,486 2,420,373
Prepaid expenses 136,295 731,945
Inventories 599,908 445,081
Other current assets 33,708 43,898
Total current assets 15,536,407 17,237,897
Operating lease right-of-use asset 106,714 154,184
Deferred offering costs   120,614
Other long-term assets 6,312 6,312
Total assets 15,649,433 17,519,007
Current liabilities:    
Accounts payable and accrued expenses 3,916,295 2,341,191
Accrued compensation 770,915 865,650
Operating lease liability 65,968 59,533
Note payable 5,000,000 5,000,000
Accrued interest payable 2,487,638 2,113,665
Total current liabilities 12,240,816 10,380,039
Operating lease liability, net of current portion 46,381 100,958
Total liabilities 12,287,197 10,480,997
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value; authorized shares - 5,000,000 as of September 30, 2025 and December 31, 2024; issued and outstanding shares - zero as of September 30, 2025 and December 31, 2024 0 0
Common stock, $0.0001 par value; authorized shares - 100,000,000 as of September 30, 2025 and December 31, 2024 ; issued and outstanding shares - 1,722,409 and 1,486,009 as of September 30, 2025 and December 31, 2024, respectively 172 149
Additional paid-in capital 136,187,058 135,829,493
Accumulated deficit (132,824,994) (128,791,632)
Total stockholders' equity 3,362,236 7,038,010
Total liabilities and stockholders' equity $ 15,649,433 $ 17,519,007