v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 15,979,714 $ 3,206,406
Restricted cash 7,631,336 5,937,650
Accounts receivable, net 14,054,376 12,398,542
Inventory 17,066,091 17,064,002
Prepaids and other current assets 11,530,000 10,166,823
Total Current Assets 66,261,517 48,773,423
Property, plant, and equipment, net 8,831,423 9,100,546
Right of use asset, net 2,499,490 2,754,020
Deferred tax assets, net 805,750 533,727
Accounts receivable, net-non current 7,265,911 8,566,654
Restricted cash- non current 394,630 458,964
Prepaids and other non current assets 4,488,168 4,038,883
Total Assets 90,546,889 74,226,217
Current Liabilities    
Bank overdraft facility 11,156,147 11,442,948
Current portion of operating lease liabilities 576,237 579,169
Accounts payable 4,403,170 5,127,193
Deferred revenue 3,582,631 3,266,686
Accrued expenses & other current liabilities 6,326,818 5,825,702
Total Current Liabilities 26,045,003 26,241,698
Operating lease liabilities, less current portion 2,086,534 2,337,697
Deferred Revenue- non current 7,501,283 7,139,807
Other non current liabilities 390,656 288,764
Total Liabilities 36,023,476 36,007,966
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, authorized 5,000,000 shares of Series A, Non-Convertible Preferred Stock, $0.0001 par value per share; 1,000 shares issued and outstanding as of March 31, 2026, and December 31, 2025 1 1
Common stock, 250,000,000 shares authorized, $0.0001 par value, 200,131,535 shares and 194,165,141 shares issued and outstanding as of March 31, 2026 and December 31, 2025 respectively 20,013 19,416
Accumulated other comprehensive income (loss) (3,573,137) (2,022,660)
Additional paid in capital 116,549,124 95,111,511
Capital reserve 899,917 899,917
Accumulated deficit (59,372,505) (55,789,934)
Total stockholders’ equity 54,523,413 38,218,251
Total liabilities and stockholders’ equity $ 90,546,889 $ 74,226,217