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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue $ 14,604,618 $ 18,001,652
Cost of goods sold 14,353,713 15,226,176
Gross Profit 250,905 2,775,476
Operating Expenses:    
Selling expenses 2,725,239 4,298,905
General and administrative expenses 5,661,455 4,856,779
Research and development expenses 1,352,060 1,418,842
Total Operating Expenses 9,738,754 10,574,526
Loss from Operations (9,487,849) (7,799,050)
Other Income (Expense):    
Interest and other income 178,834 366,365
Interest expense (167,556) (151,670)
Amortization of debt discount (615,552) (400,903)
Gain (loss) on foreign currency transactions 164,310 (359,960)
Gain (loss) on disposal of property and equipment (456,282) 7,254
Loss on assets held for sale 0 (439,388)
Total Other Expense (896,246) (978,302)
Loss Before Income Taxes (10,384,095) (8,777,352)
Income tax benefit (38,837) (206,207)
Net Loss $ (10,345,258) $ (8,571,145)
Loss Per Common Share – Basic and Diluted (in dollars per share) $ (1.64) $ (1.51)
Weighted-Average Common Shares Outstanding – Basic and Diluted (in shares) 6,310,379 5,688,281