v3.25.4
BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 8,872,212 $ 9,580,947
Accounts receivable, net 6,209,950 5,720,750
Inventory, net 3,678,131 2,803,669
Other receivables 319,955 277,193
Prepaid expenses and other current assets 908,542 749,851
TOTAL CURRENT ASSETS 19,988,790 19,132,410
Property and equipment, net 4,471,386 4,290,515
Intangible assets, net of accumulated amortization of $527,949 and $458,538 at December 31, 2025 and December 31, 2024, respectively 684,841 730,279
Operating lease right-of-use assets 2,956,192 2,966,341
Other assets 98,970 98,970
TOTAL ASSETS 28,200,179 27,218,515
CURRENT LIABILITIES    
Accounts payable 2,267,473 1,649,969
Accrued expenses 4,828,830 3,924,184
Note payable 271,152
Other liabilities 27,722 29,269
Accrued payroll and related taxes 531,972 811,401
Finance lease liability 124,913 115,587
Operating lease liability 413,448 400,258
TOTAL CURRENT LIABILITIES 8,194,358 7,201,820
Finance lease liability, net current portion 78,675 202,613
Operating lease liability, net of current portion 2,879,224 3,000,403
TOTAL LIABILITIES 11,152,257 10,404,836
Commitments and contingencies (Refer to Note 9)
STOCKHOLDERS’ EQUITY    
Common stock, $0.01 par value, 75,000,000 shares authorized, 49,790,934 and 49,377,617 shares issued; 46,370,432 and 45,957,115 shares outstanding at December 31, 2025, and December 31, 2024, respectively 497,909 493,776
Additional paid-in capital 52,449,339 49,581,303
Treasury stock, 3,438,526 and 3,438,526 shares at December 31, 2025 and December 31, 2024, respectively, at cost (3,882,494) (3,882,494)
Accumulated Deficit (32,016,832) (29,378,906)
TOTAL STOCKHOLDERS’ EQUITY 17,047,922 16,813,679
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 28,200,179 $ 27,218,515

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