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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 6,883,845 $ 10,651,644
Accounts receivable, net of allowance 94,103 269,733
Unbilled accounts receivable 2,163,417 1,653,007
Other accounts receivable 29,246 43,886
Inventory, net 1,876,554 1,701,474
Contract assets 197,043 136,651
Prepaid expenses 338,315 431,412
Total Current Assets 11,582,523 14,887,807
Long-Term Assets:    
Property, and equipment, net 2,719,232 2,567,571
Intangible asset, net 998,251 1,016,594
Right-of-use asset, net 662,310 691,014
Other assets 15,847 20,847
Total Long-Term Assets 4,395,640 4,296,026
Total Assets 15,978,163 19,183,833
Current Liabilities:    
Accounts payable and accrued expenses 819,528 906,394
Accrued bonuses 380,000 570,000
Accrued contract loss provision 1,000,000 1,000,000
Accrued legal settlement 335,000 335,000
Unearned revenue 170,000 197,683
Operating lease liability 105,697 101,320
Other liabilities 37,998 17,279
Total Current Liabilities 2,848,223 3,127,676
Long-Term Liabilities:    
Unearned revenue, less current portion 30,000 30,000
Operating lease liability, less current portion 523,210 551,376
Total Liabilities 3,401,433 3,709,052
Stockholders' Equity    
Preferred stock: 50,000,000 shares authorized, par value $0.0001 per share, nil issued and outstanding at March 31, 2025 and December 31, 2024 0 0
Common stock: 200,000,000 authorized, par value $0.0001 per share, 144,682,963 and 144,301,977 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 14,467 14,429
Additional paid-in capital 44,645,824 43,845,499
Accumulated deficit (32,086,032) (28,387,618)
Accumulated other comprehensive income 2,471 2,471
Total Stockholders' Equity 12,576,730 15,474,781
Total Liabilities and Stockholders' Equity $ 15,978,163 $ 19,183,833