v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 2,195,600 $ 3,589,318
Accounts receivable, net 9,983 5,584
Inventories, net 64,047 126,071
Prepaid expenses 146,248 100,730
Marketable securities 21,668 24,660
Deposits – current portion 65,333 0
Total Current Assets 2,502,879 3,846,363
Property and equipment, net 78,666 60,485
Operating lease right-of-use asset 85,862 108,270
Deposits 0 65,195
Total Assets 2,667,407 4,080,313
Current Liabilities:    
Accounts payable and accrued liabilities 706,654 702,065
Other current liabilities 19,363 68,204
Lease liability, current portion 43,241 106,706
Total Current Liabilities 769,258 876,975
Non-Current Liabilities:    
Lease liability, less current portion 0 8,114
Total Non-Current Liabilities 0 8,114
Total Liabilities 769,258 885,089
Contingencies
Stockholders' Equity:    
Common stock, par value $0.001 per share, 15,000,000 shares authorized; 7,472,981 and 7,153,647 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 7,473 7,154
Treasury stock at cost (380,638 and 348,968 shares held at March 31, 2025 and December 31, 2024, respectively) (1,200,167) (1,055,592)
Additional paid-in capital 30,138,792 30,025,587
Shares to be issued, common shares 17,295 25,573
Accumulated deficit (27,033,686) (25,782,308)
Accumulated other comprehensive loss (31,558) (25,190)
Total Stockholders' Equity 1,898,149 3,195,224
Total Liabilities and Stockholders' Equity $ 2,667,407 $ 4,080,313

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