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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 10,651,644 $ 10,445,404
Accounts receivable, net of credit allowance 269,733 64,792
Other accounts receivable 43,886 39,749
Unbilled accounts receivable 1,653,007 1,494,553
Inventory, net 1,701,474 2,276,677
Contract assets 136,651 0
Prepaid expenses 431,412 581,085
Total Current Assets 14,887,807 14,902,260
Property and equipment, net 2,567,571 230,971
Intangible asset, net 1,016,594 988,029
Right-of-use asset, net 691,014 0
Other assets 20,847 0
Total Long-Term Assets 4,296,026 1,219,000
Total Assets 19,183,833 16,121,260
Current Liabilities:    
Accounts payable and accrued expenses 906,394 572,297
Accrued bonuses 570,000 0
Accrued contract loss provision 1,000,000 500,000
Accrued legal settlement 335,000 135,000
Unearned revenue 197,683 130,000
Operating lease liability 101,320 0
Other liabilities 17,279 36,787
Total Current Liabilities 3,127,676 1,374,084
Unearned revenue, less current portion 30,000 0
Operating lease liability, less current portion 551,376 0
Total Long-term Liabilities 581,376 0
Total Liabilities 3,709,052 1,374,084
Stockholders' Equity    
Preferred Stock: 50,000,0000; 1,000,000 Designated as Convertible Series D preferred shares authorized; par value $0.0001 per share, nil issued and outstanding at December 31, 2024 and 2023, respectively. 0 0
Common stock: 200,000,000 common shares authorized, par value $0.0001 per share, 144,301,977 and 132,667,107 shares outstanding at December 31, 2024 and 2023, respectively. 14,429 13,266
Additional paid-in capital 43,845,499 30,684,943
Accumulated deficit (28,387,618) (15,953,504)
Accumulated other income 2,471 2,471
Total Stockholders' Equity 15,474,781 14,747,176
Total Liabilities & Stockholders' Equity $ 19,183,833 $ 16,121,260