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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 17,464,754 $ 18,321,624
Accounts receivable, net 11,310,625 9,758,176
Inventories, net 4,509,669 4,609,362
Prepaid and other current assets 1,951,358 3,025,248
Total current assets 35,236,406 35,714,410
Non-current inventories 11,831,927 12,804,529
Property and equipment, net 312,031 367,903
Intangible assets, net 19,415,232 22,607,918
Goodwill 914,000 914,000
Operating lease right-of-use assets 6,208,411 6,674,394
Other assets 2,829,506 2,692,921
Total assets 76,747,513 81,776,075
Current liabilities:    
Accounts payable 12,057,712 14,037,629
Operating lease current liabilities 391,688 348,092
Current portion of revolving line of credit 5,988,920 0
Other current liabilities 12,649,195 13,596,528
Total current liabilities 31,087,515 27,982,249
Revolving line of credit - long term 10,102,672 12,784,144
Operating lease non-current liabilities 4,997,212 5,296,247
Other long-term liabilities 6,090,722 6,453,566
Total liabilities 52,278,121 52,516,206
Shareholders’ equity:    
Common stock—no par value; 100,000,000 shares authorized; 14,010,736 and 14,121,833 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 46,843,203 47,091,602
Accumulated deficit (22,064,117) (17,488,161)
Total shareholders’ equity 24,779,086 29,603,441
Noncontrolling interests (309,694) (343,572)
Total equity 24,469,392 29,259,869
Total liabilities and equity $ 76,747,513 $ 81,776,075