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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 15,196,745 $ 17,964,184
Accounts receivable, net 10,430,602 11,701,466
Inventories, net 2,934,723 3,999,995
Prepaid and other current assets 1,377,378 2,786,513
Total current assets 29,939,448 36,452,158
Non-current inventories 9,183,862 11,005,499
Property and equipment, net 293,375 277,365
Intangible assets, net 15,010,795 17,973,449
Goodwill 914,000 914,000
Operating lease right-of-use assets 7,570,452 6,176,923
Other assets 2,986,628 2,784,016
Total assets 65,898,560 75,583,410
Current liabilities:    
Accounts payable 13,832,497 13,914,266
Operating lease current liabilities 401,445 356,508
Current portion of revolving line of credit 0 5,100,000
Other current liabilities 10,076,027 12,250,955
Total current liabilities 24,309,969 31,621,729
Revolving line of credit - long term 5,240,733 10,176,170
Operating lease non-current liabilities 4,595,768 4,939,739
Other long-term liabilities 5,951,386 6,299,795
Total liabilities 40,097,856 53,037,433
Shareholders’ equity:    
Common stock— no par value; 100,000,000 shares authorized; 14,956,627 and 13,952,624 shares issued and outstanding as of September 30, 2025, and December 31, 2024, respectively 51,512,221 46,821,425
Accumulated deficit (25,392,367) (23,967,931)
Total shareholders’ equity 26,119,854 22,853,494
Noncontrolling interests (319,150) (307,517)
Total equity 25,800,704 22,545,977
Total liabilities and equity $ 65,898,560 $ 75,583,410