Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 5,456,639 $ 1,431,578
Restricted cash 215,117 215,117
Accounts receivable 583,292
Inventories, net 2,554,853 2,492,741
Prepaid expenses and other current assets 287,433 227,781
Deferred offering expenses 30,000
Note receivable, current portion 500,000 500,000
Total current assets 9,597,334 4,897,217
Property and equipment, net 7,984,461 8,342,961
Operating lease right of use asset, net 2,641,100
Note receivable less current portion, net of discount 2,967,998 2,967,998
Security deposit 26,193 26,193
Total Assets 23,217,086 16,234,369
Current Liabilities:    
Accounts payable 1,507,282 1,114,835
Accrued liabilities 1,056,649 714,248
Contract liabilities 210,800 395,932
Finance lease liabilities 18,482 19,498
Operating lease liabilities 438,821
Total current liabilities 3,232,034 2,244,513
Economic Injury Disaster Loan 499,900 499,900
Finance lease liabilities - noncurrent 17,859 22,145
Operating lease liabilities - noncurrent 2,218,810
Total Liabilities 5,968,603 2,766,558
Stockholders’ equity:    
Preferred stock: 10,000,000 authorized; $0.001 par value; no shares issued and outstanding
Common stock: 50,000,000 authorized; $0.001 par value; 529,330 and 60,468 issued and outstanding at March 31, 2026 and December 31, 2025, respectively 529 60
Additional paid-in capital 53,342,460 47,467,979
Accumulated deficit (36,094,506) (34,000,228)
Total stockholders’ equity 17,248,483 13,467,811
Total Liabilities and Stockholders’ Equity $ 23,217,086 $ 16,234,369