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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (includes restricted cash of $1,258,826 at December 31, 2024 and 2023) $ 3,574,876 $ 4,099,737
Accounts receivable 891,666 1,681,165
Inventories 4,116,180 4,152,273
Prepaid expenses and other current assets 63,210 177,119
Total current assets 8,645,932 10,110,294
Property and equipment, net 1,089,984 2,563,312
Operating lease right of use asset, net 1,406,242 315,183
Deposits 65,556 65,556
Intangible assets, net 4,268,332 6,700,000
Goodwill 20,007,670 20,007,669
Total assets 35,483,716 39,762,014
Current liabilities:    
Accounts payable 1,966,616 2,218,285
Accrued expenses 1,768,607 1,175,934
Customer deposits 95,000
Deferred revenue 77,051 336,996
Secured revolving line of credit 3,805,080 6,737,385
Convertible promissory notes 43,137 40,137
Secured note payable — related party, net of debt discount of $4,000 and $0, at December 31, 2024 and 2023, respectively 2,060,274
Notes payable, current portion 1,717,632 836,509
Acquisition obligation 500,000
Operating lease liability, current portion 316,612 134,475
Total current liabilities 11,850,009 11,979,721
Notes payable, net of current portion 615,000 1,458,270
Deferred income taxes 1,123,000 1,800,000
Operating lease liability, net of current portion 1,133,371 202,829
Total liabilities 14,721,380 15,440,820
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized;
Common stock, $0.001 par value, 750,000,000 shares authorized; 27,021,423 and 24,119,967 shares issued and outstanding at December 31, 2024 and 2023, respectively 27,015 24,114
Additional paid-in-capital 108,679,065 93,376,244
Common stock issuable, 350,843 and 383,343 shares, respectively 350,843 383,343
Accumulated deficit (88,294,587) (69,462,507)
Total stockholders’ equity 20,762,336 24,321,194
Total liabilities and stockholders’ equity $ 35,483,716 $ 39,762,014