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Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 11,884,607 $ 2,936,544
Marketable investment securities 26,811,098
Accounts receivable, net 190,375 132,570
Inventory, net 992,397 1,072,724
Income taxes receivable 44,559
Prepaid expenses and other current assets 581,527 1,338,762
Total current assets 13,693,465 32,291,698
Property and equipment, net 2,272,098 2,761,280
Operating lease right-of-use asset 1,207,453 2,114,876
Intangible assets, net 7,219,000 26,101,000
Investment in joint ventures 350,569 294,304
Total assets 24,742,585 63,563,158
Current liabilities    
Accounts payable 1,878,225 3,294,254
Accrued expenses 865,301 2,562,169
Operating lease liability, current 662,258 915,619
Contingent consideration liabilities, current 119,036 502,819
Deferred revenue 14,800 40,857
Total current liabilities 3,539,620 7,315,718
Long-term liabilities    
Income taxes payable 713,643
Operating lease liability 574,301 1,236,560
Contingent consideration liabilities 422,080
Total long-term liabilities 574,301 2,372,283
Total liabilities 4,113,921 9,688,001
Commitments and contingencies (Note 13)
Stockholders’ equity    
Convertible preferred stock, $0.001 par value; 5,000,000 shares authorized; 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively
Common stock, $0.001 par value; 100,000,000 shares authorized; 2,256,654 shares issued and 2,095,031 shares outstanding as of December 31, 2025 and 1,263,408 shares issued and 1,101,785 shares outstanding as of December 31, 2024 67,700 37,902
Treasury stock, at cost; 161,623 shares held as of December 31, 2025 and December 31, 2024, respectively (15,575,795) (15,575,795)
Additional paid-in capital 116,510,298 102,472,210
Accumulated other comprehensive income 418,443
Accumulated deficit (80,373,539) (33,477,603)
Total stockholders’ equity 20,628,664 53,875,157
Total liabilities and stockholders’ equity $ 24,742,585 $ 63,563,158