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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 6,622,675 $ 6,871,306
Short-term investments 0 1,994,662
Accounts receivable, net 3,729,387 2,382,658
Inventories, net 3,383,513 1,803,507
Prepaid expenses and other current assets 968,569 598,850
Total Current Assets 14,704,144 13,650,983
Restricted cash 375,000 0
Operating lease assets with right of use, net 466,962 663,554
Equipment, net 561,325 175,794
Other assets 205,440 91,237
Total Assets 16,312,871 14,581,568
Current Liabilities:    
Accounts payable and accrued expenses 6,448,076 4,885,944
Current operating lease liabilities 205,464 486,143
Income taxes payable 305,861 96,461
Deferred revenue 31,971 8,510
Total Current Liabilities 6,991,372 5,477,058
Non-current operating lease liabilities 29,165 115,160
Total Liabilities 7,020,537 5,592,218
Commitments and Contingencies 0 0
Stockholders’ Equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock par value $0.0001 per share, 65,000,000 shares authorized; 30,244,182 and 27,135,061 shares issued as of September 30, 2024 and December 31, 2023, respectively; and 30,244,155 and 27,135,034 shares outstanding at September 30, 2024 and December 31, 2023, respectively 3,026 2,715
Additional paid-in capital 111,754,495 105,840,239
Accumulated other comprehensive income 395,734 83,669
Accumulated deficit (102,854,457) (96,930,809)
Treasury stock, 27 shares at cost (6,464) (6,464)
Total Stockholders’ Equity 9,292,334 8,989,350
Total Liabilities and Stockholders’ Equity $ 16,312,871 $ 14,581,568