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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 3,762,608 $ 454,314
Accounts receivable-trade, less allowance for doubtful accounts of $131,500 – March 31, 2025 and $200,668 – December 31, 2024 1,247,019 1,301,253
Subscriptions receivable, net of $76,403 allowance – March 31, 2025 and $25,000 – December 31, 2024 3,674,494 3,988,994
Other receivables 1,678 155,851
Inventories, net 2,489,111 2,586,066
Prepaid expenses 2,868,351 1,867,258
Total current assets 14,043,261 10,353,736
Property, plant, and equipment, net 355,654 365,857
Goodwill and other intangible assets, net 10,332,105 10,654,325
Operating lease right of use assets, net 680,628 718,509
Subscriptions receivable – long-term 4,081,081 4,889,289
Other assets 763,607 754,857
Total assets 30,256,336 27,736,573
Current liabilities:    
Accounts payable 4,758,170 11,486,947
Accrued expenses 531,553 1,514,508
Current portion of operating lease obligations 162,234 158,304
Deferred revenue – current 4,187,574 4,215,401
Notes payable – related party – current portion 358,431 2,840,000
Debt obligations – current 603,444 4,961,443
Warrant derivative liabilities 48,943 4,554,640
Income taxes payable 7,861
Total current liabilities 10,658,210 29,731,243
Long-term liabilities:    
Debt obligations – long term 140,210 141,083
Operating lease obligation – long term 518,394 560,205
Deferred revenue – long term 5,687,976 6,317,472
Notes payable – related party – long-term portion 1,682,171
Total liabilities 18,686,961 36,750,003
Commitments and contingencies
Stockholders’ Equity (Deficit):    
Preferred stock, $0.001 par value per share, 10,000,000 shares authorized; none issued or outstanding – March 31, 2025 and December 31, 2024
Common stock, $0.001 par value; 200,000,000 shares authorized; shares issued: 5,780,248 – March 31, 2025 and 290,559 – December 31, 2024 5,780 291
Additional paid in capital 146,007,727 129,697,493
Noncontrolling interest in consolidated subsidiary (1,194,675) (1,198,286)
Accumulated deficit (133,249,457) (137,512,928)
Total equity (deficit) 11,569,375 (9,013,430)
Total liabilities and equity (deficit) $ 30,256,336 $ 27,736,573