Balance Sheet

v3.24.1.u1

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 753,398	$ 17,787,159
Restricted certificate of deposit	201,822	250,375
Short-term investments	0	4,959,263
Accounts receivable, net	212,428	1,622,434
Inventories	2,198,797	6,666,912
Contract assets	0	573,895
Prepaid expenses	1,889,218	5,046,599
Other current assets	1,025,214	56,410
Assets held for sale	2,940,254	0
Total Current assets	9,221,131	36,963,047
Property and equipment, net	15,904,845	15,167,367
Operating lease right-of-use asset	834,972	317,208
Other assets	187,527	155,490
Total Assets	26,148,475	52,603,112
Current Liabilities:
Accounts payable	7,035,450	324,484
Accrued liabilities	7,339,099	3,142,977
Contract liability	2,767,913	0
Operating lease liabilities - current	244,774	410,158
Total Current Liabilities	17,387,236	3,877,619
Warrant liabilities	18,376,180	32,688,342
Operating lease liabilities - long-term	574,260	87,214
Notes payable - long-term, net of discount (related party)	31,597,649	15,922,118
Total Liabilities	67,935,325	52,575,293
Commitments and Contingencies
Stockholders’ Equity (Deficit):
Common stock, $0.0001 par value; 625,000,000 shares authorized, 50,035,824 and 47,250,771 shares issued, respectively, and 50,035,824 and 47,250,771 shares outstanding, respectively.	5,004	4,725
Additional paid-in capital	76,999,849	68,128,196
Accumulated deficit	(118,791,703)	(68,105,102)
Total Stockholders’ Equity (Deficit)	(41,786,850)	27,819
Total Liabilities and Stockholders’ Equity (Deficit)	$ 26,148,475	$ 52,603,112

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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