v3.25.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 5,492,350 $ 1,186,047
Restricted certificate of deposit 53,411 52,151
Accounts receivable, net 1,097,224 238,531
Accounts receivable unbilled 283,210 0
Inventories 914,748 880,594
Prepaid expenses 1,666,462 1,389,434
Other current assets 81,706 573,275
Assets held for sale 0 750
Total Current Assets 9,589,111 4,320,782
Property and equipment, net 21,648,667 17,115,246
Operating lease right-of-use assets, net 800,419 1,094,743
Other assets 122,625 154,316
Goodwill 10,652,389 0
Total Assets 42,813,211 22,685,087
Current Liabilities:    
Accounts payable 4,392,396 5,916,693
Accrued liabilities 11,244,825 5,602,721
Contract liability 343,493 346,279
Operating lease liabilities - current 472,543 435,307
Notes payable - current 2,376,635 0
Total Current Liabilities 46,490,584 12,301,000
Warrant liabilities 36,175 181,913
Operating lease liabilities - long-term 409,438 768,939
Other liabilities 0 895,118
Total Liabilities 46,936,197 43,082,500
Stockholders’ Deficit:    
Common stock, $0.0001 par value; 625,000,000 shares authorized, 6,427,297 and 1,084,655 shares issued at September 30, 2025 and December 31, 2024, respectively, and 6,427,297 and 1,084,655 shares outstanding at September 30, 2025 and December 31, 2024, respectively 643 108
Additional paid-in capital 274,705,968 233,343,060
Accumulated other comprehensive loss (42,229) (42,229)
Accumulated deficit (278,787,369) (253,698,352)
Total Stockholders’ (Deficit) (4,122,986) (20,397,413)
Total Liabilities and Stockholders’ Deficit 42,813,211 22,685,087
Series A Preferred Stock    
Stockholders’ Deficit:    
Convertible Preferred Stock $ 1 $ 0
Preferred stock, number of shares authorized (in shares) 40,000 40,000
Series B Preferred Stock    
Stockholders’ Deficit:    
Convertible Preferred Stock $ 0 $ 0
Preferred stock, number of shares authorized (in shares) 50,000 50,000
Related Party    
Current Liabilities:    
Accounts payable $ 45,000 $ 160,366
Notes payable - current, fair value option 2,711,954 0
Notes payable - current, net of discount 11,300,828 0
Notes payable - long-term, fair value option 0 2,583,832
Notes payable - long-term, net of discount 0 13,820,366
Nonrelated Party    
Current Liabilities:    
Notes payable - current, net of discount 13,647,910 0
Notes payable - long-term, net of discount $ 0 $ 12,531,332

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