v3.25.3
BALANCE SHEETS(Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 8,464,019 $ 9,580,947
Accounts receivable less allowance for credit losses of $0 as of September 30, 2025 and December 31, 2024 5,412,004 5,720,750
Inventory 4,411,710 2,803,669
Other receivables 103,079 277,193
Prepaid expenses 1,028,484 749,851
TOTAL CURRENT ASSETS 19,419,296 19,132,410
Property and equipment, net 4,235,983 4,290,515
Intangible assets, net of accumulated amortization of $510,597 and $458,538 as of September 30, 2025 and December 31, 2024, respectively 681,621 730,279
Operating lease right-of-use assets 2,667,656 2,966,341
Other assets 98,970 98,970
TOTAL ASSETS 27,103,526 27,218,515
CURRENT LIABILITIES    
Accounts payable 1,872,162 1,649,969
Accrued expenses 4,634,183 3,924,184
Note payable 334,931 271,152
Other liabilities 2,893 29,269
Accrued payroll and related taxes 456,066 811,401
Financing lease liability 120,211 115,587
Operating lease liability 413,486 400,258
TOTAL CURRENT LIABILITIES 7,833,932 7,201,820
Financing lease liability, net of current portion 116,279 202,613
Operating lease liability, net of current portion 2,688,490 3,000,403
TOTAL LIABILITIES 10,638,701 10,404,836
STOCKHOLDERS’ EQUITY    
Common stock, $0.01 par value, 75,000,000 shares authorized, 49,713,694 and 49,377,617 shares issued 46,293,192 and 45,957,115 shares outstanding as of September 30, 2025, and December 31, 2024, respectively 497,137 493,776
Additional paid-in capital 51,380,158 49,581,303
Treasury stock, 3,438,526 shares as of September 30, 2025 and December 31, 2024, at cost (3,882,494) (3,882,494)
Accumulated deficit (31,529,976) (29,378,906)
TOTAL STOCKHOLDERS’ EQUITY 16,464,825 16,813,679
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 27,103,526 $ 27,218,515

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