XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 622,820 $ 454,314
Accounts receivable-trade, less allowance for doubtful accounts of $105,669 – June 30, 2025 and $200,668 – December 31, 2024 961,666 1,301,253
Subscriptions receivable, net of $75,000 allowance – June 30, 2025 and $25,000 – December 31, 2024 3,649,644 3,988,994
Other receivables 2,024 155,851
Inventories, net 2,466,106 2,586,066
Prepaid expenses 1,968,884 1,867,258
Total current assets 9,671,144 10,353,736
Property, plant, and equipment, net 483,930 365,857
Goodwill and other intangible assets, net 9,972,472 10,654,325
Operating lease right of use assets, net 1,744,722 718,509
Subscriptions receivable – long-term 3,895,405 4,889,289
Other assets 195,990 754,857
Total assets 25,963,663 27,736,573
Current liabilities:    
Accounts payable 4,663,886 11,486,947
Accrued expenses 478,603 1,514,508
Current portion of operating lease obligations 196,644 158,304
Deferred revenue – current 3,345,269 4,215,401
Notes payable – related party – current portion 249,600 2,840,000
Debt obligations – current 603,476 4,961,443
Warrant derivative liabilities 1,955 4,554,640
Income taxes payable 12,205
Total current liabilities 9,551,638 29,731,243
Long-term liabilities:    
Debt obligations – long term 139,329 141,083
Operating lease obligation – long term 1,344,278 560,205
Deferred revenue – long term 5,529,792 6,317,472
Notes payable – related party – long-term portion 1,246,921
Total liabilities 17,811,958 36,750,003
Commitments and contingencies
Stockholders’ Equity (Deficit):    
Common stock, $0.001 par value; 200,000,000 shares authorized; shares issued: 1,727,421 – June 30, 2025 and 3,204 – December 31, 2024 1,727 3
Additional paid in capital 147,083,314 129,697,781
Noncontrolling interest in consolidated subsidiary (1,138,678) (1,198,286)
Accumulated deficit (137,794,658) (137,512,928)
Total equity (deficit) 8,151,705 (9,013,430)
Total liabilities and equity (deficit) $ 25,963,663 $ 27,736,573