v3.26.1
BALANCE SHEETS - USD ($)
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 8,767,774 $ 8,872,212
Accounts receivable 5,982,536 6,209,950
Inventory, net 4,476,304 3,678,131
Other receivables 335,206 319,955
Prepaid expenses 1,026,614 908,542
TOTAL CURRENT ASSETS 20,588,434 19,988,790
Property and equipment, net 4,335,882 4,471,386
Intangible assets, net of accumulated amortization of $545,302 and $527,949 as of March 31, 2026 and December 31, 2025, respectively 711,211 684,841
Operating lease right-of-use assets 2,857,341 2,956,192
Other assets 98,970 98,970
TOTAL ASSETS 28,591,838 28,200,179
CURRENT LIABILITIES    
Accounts payable 2,635,701 2,267,473
Accrued expenses 5,271,100 4,828,830
Other liabilities 11,068 27,722
Accrued payroll and related taxes 385,890 531,972
Financing lease liability 126,323 124,913
Operating lease liability 421,727 413,448
TOTAL CURRENT LIABILITIES 8,851,809 8,194,358
Financing lease liability, net of current portion 46,560 78,675
Operating lease liability, net of current portion 2,771,115 2,879,224
TOTAL LIABILITIES 11,669,484 11,152,257
STOCKHOLDERS’ EQUITY    
Common stock, $0.01 par value, 75,000,000 shares authorized, 49,933,502 and 49,790,934 shares issued 46,133,000 and 46,370,432 shares outstanding as of March 31, 2026, and December 31, 2025, respectively 499,335 497,909
Additional paid-in capital 54,795,722 52,449,339
Treasury stock, 3,818,526 and 3,438,526 shares as of March 31, 2026 and December 31, 2025, respectively, at cost (5,548,793) (3,882,494)
Accumulated deficit (32,823,910) (32,016,832)
TOTAL STOCKHOLDERS’ EQUITY 16,922,354 17,047,922
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 28,591,838 $ 28,200,179

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