v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 7,722,410 $ 9,154,297
Accounts receivable, net 1,554,295 489,316
Inventory 13,854,548 12,950,941
Prepaid inventory 3,253,312 641,959
Prepaid expenses and other 3,027,923 2,561,744
Total current assets 29,412,488 25,798,257
Goodwill 17,671,065 17,671,065
Intangible assets, net 8,047,385 8,453,068
Property and equipment, net 1,971,940 1,880,709
Other 363,054 309,823
Operating lease right-of-use assets 2,189,916 1,491,345
Total long-term assets 30,243,360 29,806,010
TOTAL ASSETS 59,655,848 55,604,267
Current liabilities    
Accounts payable 1,518,980 2,049,519
Accrued expenses 1,193,353 1,240,115
Debt obligations - short term 350,000 350,000
Customer deposits 220,517 227,484
Operating lease liabilities 490,966 311,532
Convertible notes payable - short term 25,132,556
Total current liabilities 28,906,372 4,178,650
Operating lease liabilities 1,838,228 1,306,064
Total long-term liabilities 1,838,228 1,306,064
Total liabilities 30,744,600 5,484,714
Commitments and contingencies (Note 18)
Stockholders’ equity    
Series B preferred stock - shares authorized 4,300,000; issued and outstanding 4,676 and 4,676 47 47
Common stock - shares authorized 500,000,000; issued and outstanding 85,647,618 and 85,215,136 85,648 85,215
Additional paid-in capital 176,693,607 174,778,994
Accumulated deficit (147,868,054) (124,744,703)
Total stockholders’ equity 28,911,248 50,119,553
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 59,655,848 $ 55,604,267

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