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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash, cash equivalents, and restricted cash $ 8,514,152 $ 7,706,806
Accounts receivable, net 1,762,911 1,022,372
Inventory 5,975,676 6,322,559
Prepaid expenses and other current assets 1,713,889 1,285,564
Total current assets 17,966,628 16,337,301
Noncurrent assets    
Property and equipment, net 58,447 122,595
Intangible assets, net 896,123 1,085,231
Related party license agreements 132,100 132,100
Right-of-use assets 205,703 354,732
Total noncurrent assets 1,292,373 1,694,658
Total assets 19,259,001 18,031,959
Current liabilities    
Accounts payable 2,137,760 1,647,673
Accrued expenses 3,642,998 2,586,343
Related party liabilities 34,947 2,688
Lease liabilities, current portion 105,966 138,800
Total current liabilities 5,921,671 4,375,504
Lease liabilities 140,464 243,836
Total liabilities 6,062,135 4,619,340
Stockholders’ equity    
Common stock, $0.001 par value, 100,000,000 shares authorized at December 31, 2024 and December 31, 2023; 10,668,705 and 10,292,374 issued and outstanding at December 31, 2024, respectively; and 9,749,326 and 9,383,622 issued and outstanding at December 31, 2023, respectively. 10,292 9,384
Additional paid-in capital 121,304,884 119,701,384
Accumulated deficit (108,118,310) (106,298,149)
Total stockholders’ equity 13,196,866 13,412,619
Total liabilities and stockholders’ equity $ 19,259,001 $ 18,031,959