v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash $ 65,930,475 $ 9,154,297
Accounts receivable, net 1,012,475 489,316
Inventory 16,169,713 12,950,941
Prepaid inventory 4,827,223 641,959
Prepaid expenses and other 3,633,747 2,561,744
Total current assets 91,573,633 25,798,257
Goodwill 17,671,065 17,671,065
Intangible assets, net 7,671,091 8,453,068
Property and equipment, net 2,130,921 1,880,709
Other long-term assets 363,054 309,823
Operating lease right-of-use assets 1,958,087 1,491,345
Total long-term assets 29,794,218 29,806,010
TOTAL ASSETS 121,367,851 55,604,267
Current liabilities    
Accounts payable 1,481,166 2,049,519
Accrued expenses 1,839,670 1,240,115
Debt obligations 350,000 350,000
Contract liabilities and deposits 565,537 227,484
Operating lease liabilities – short term 459,139 311,532
Convertible notes payable 19,434,004
Total current liabilities 24,129,516 4,178,650
Operating lease liabilities 1,673,213 1,306,064
Total long-term liabilities 1,673,213 1,306,064
Total liabilities 25,802,729 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 98,510,343 and 85,215,136 98,510 85,215
Additional paid-in capital 256,613,579 174,778,994
Accumulated deficit (161,147,014) (124,744,703)
Total stockholders’ equity 95,565,122 50,119,553
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 121,367,851 $ 55,604,267

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