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Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 12,206,655 $ 16,292,347
Accounts receivable 3,218,682 2,552,362
Inventory 9,820,730 5,734,755
Prepaid expenses 735,796 310,591
Total Current Assets 25,981,863 24,890,055
Long-Term Assets:    
Property & equipment 590,801 365,868
Intangible assets 2,942,684 1,444,259
Right-of-use-asset 541,468 646,779
Total Long-Term Assets 4,074,953 2,456,906
TOTAL ASSETS 30,056,816 27,346,961
Current Liabilities:    
Accounts payable & accrued expenses 4,157,253 2,585,466
Earnout payable 0 2,547,831
Income tax payable 254,971 299,869
Current portion - right-of-use-liability 116,253 118,670
Total Current Liabilities 4,528,477 5,551,836
Long-Term Liabilities:    
Deferred tax liability 48,729 48,729
Right-of-use-liability 440,298 539,035
Total Long-Term Liabilities 489,027 587,764
TOTAL LIABILITIES 5,017,504 6,139,600
SHAREHOLDERS' EQUITY    
Preferred Stock, Series B $0.10 par value per share; 1,000,000 shares authorized; 130,000 and 10,000 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 13,000 1,000
Common Stock, $0.001 par value per share; 3,000,000,000 shares authorized; 1,999,660 and 14,012 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 2,000 14
Capital paid in excess of par value 91,737,284 84,415,900
Accumulated comprehensive income 168,590 696,105
Accumulated (Deficit) (66,881,562) (63,905,658)
TOTAL SHAREHOLDERS' EQUITY 25,039,312 21,207,361
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 30,056,816 $ 27,346,961