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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 18,548,485 $ 18,321,624
Accounts receivable, net 10,647,267 9,758,176
Inventories, net 4,327,526 4,609,362
Prepaid and other current assets 2,682,673 3,025,248
Total current assets 36,205,951 35,714,410
Non-current inventories 12,915,896 12,804,529
Property and equipment, net 369,499 367,903
Intangible assets, net 21,522,441 22,607,918
Goodwill 914,000 914,000
Operating lease right-of-use assets 6,521,088 6,674,394
Other assets 3,060,643 2,692,921
Total assets 81,509,518 81,776,075
Current liabilities:    
Accounts payable 13,075,764 14,037,629
Operating lease current liabilities 362,244 348,092
Other current liabilities 12,987,372 13,596,528
Total current liabilities 26,425,380 27,982,249
Revolving line of credit 16,084,144 12,784,144
Operating lease non-current liabilities 5,200,148 5,296,247
Other long-term liabilities 6,610,294 6,453,566
Total liabilities 54,319,966 52,516,206
Shareholders’ equity:    
Common stock—no par value; 100,000,000 shares authorized; 14,159,954 and 14,121,833 shares issued and outstanding as of March 31, 2024 and December 31, 2023 , respectively 46,923,757 47,091,602
Accumulated deficit (19,434,424) (17,488,161)
Total shareholders’ equity 27,489,333 29,603,441
Noncontrolling interests (299,781) (343,572)
Total equity 27,189,552 29,259,869
Total liabilities and equity $ 81,509,518 $ 81,776,075