v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 7,669,195 $ 1,105,291
Accounts and other receivables, net 448,990 1,139,204
Inventory 35,234 27,608
Prepaid expenses and other current assets 460,187 422,995
Total current assets 8,613,606 2,695,098
Non-current assets:    
Property and equipment, net 303,122 375,385
Operating lease right-of-use asset, net 367,398 463,011
Finance lease right-of-use asset, net 113,553 780,872
Goodwill 1,404,486 1,404,486
Intangible assets, net 731,389 775,139
Other assets 12,815 19,676
Total assets 11,546,369 6,513,667
Current liabilities:    
Accounts payable 940,761 987,311
Accrued expenses 984,547 1,398,722
Unearned revenue 37,915 24,404
Operating lease liability, current portion 136,197 127,498
Finance lease liability, current portion 123,757 395,301
Notes payable, current portion 136,396 171,669
Total current liabilities 2,359,573 3,104,905
Non-current liabilities:    
Operating lease liability, net of current portion 238,942 342,098
Finance lease liability, net of current portion 1,998 444,448
Notes payable, net of current portion 43,658 20,180
Total liabilities 2,644,171 3,911,631
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Preferred stock, par value $0.001 per share; 20,000,000 shares authorized; 700 and 0 shares issued and outstanding at September 30, 2025, and December 31, 2024, respectively 1
Common Stock, par value $0.007 per share; 350,000,000 shares authorized; 3,466,260 and 507,520 issued and outstanding at September 30, 2025, and December 31, 2024, respectively [1] 24,264 3,553
Additional paid-in capital [1] 74,294,531 56,242,793
Accumulated deficit (65,416,598) (53,644,310)
Total stockholders’ equity 8,902,198 2,602,036
Total liabilities and stockholders’ equity $ 11,546,369 $ 6,513,667
[1] The values of Common Stock and paid-in capital, as well as the number of shares issued and outstanding, have been retroactively adjusted in order to give effect to the Company’s 1-for-30 reverse stock split.

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