Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 1,620,473 $ 1,431,578
Restricted cash 208,143 215,117
Inventories, net 3,344,278 2,492,741
Prepaid expenses and other current assets 265,110 227,781
Deferred offering expenses 30,000
Note receivable, current portion, net of discount 1,155,650 500,000
Total current assets 6,593,654 4,897,217
Property and equipment, net 6,681,201 8,342,961
Operating lease right of use asset, net 2,395,881
Note receivable less current portion, net of discount 2,608,498 2,967,998
Security deposit 26,193 26,193
Total Assets 18,305,427 16,234,369
Current Liabilities:    
Accounts payable 1,752,906 1,114,835
Accrued liabilities 955,474 714,248
Contract liabilities 1,196,786 395,932
Finance lease liabilities 17,281 19,498
Operating lease liabilities 468,396
Total current liabilities 4,390,843 2,244,513
Economic Injury Disaster Loan 499,900 499,900
Finance lease liabilities - noncurrent 9,078 22,145
Operating lease liabilities - noncurrent 1,977,078
Total Liabilities 6,876,899 2,766,558
Stockholders’ equity:    
Preferred stock: 10,000,000 authorized; $0.001 par value; no shares issued and outstanding
Common stock:13,513,514 authorized; $0.001 par value; 583,974 and 60,648 issued and outstanding at September 30, 2026 December 31, 2025, respectively 584 60
Additional paid-in capital 53,433,514 47,467,979
Accumulated deficit (42,005,570) (34,000,228)
Total stockholders’ equity 11,428,528 13,467,811
Total Liabilities and Stockholders’ Equity $ 18,305,427 $ 16,234,369