Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.24.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 2,915,757 $ 753,398
Restricted certificate of deposit 51,763 201,822
Accounts receivable, net 397,726 212,428
Inventories 2,229,509 2,198,797
Prepaid expenses 1,105,645 1,889,218
Other current assets 338,542 1,025,214
Assets held for sale 277,180 2,940,254
Total Current Assets 7,316,122 9,221,131
Property and equipment, net 16,158,525 15,904,845
Operating lease right-of-use assets 1,283,982 834,972
Other assets 229,296 187,527
Total Assets 24,987,925 26,148,475
Current Liabilities:    
Accounts payable 4,734,093 7,035,450
Accrued liabilities 7,269,833 7,339,099
Contract liability 697,818 2,767,913
Operating lease liabilities - current 433,820 244,774
Total Current Liabilities 13,135,564 17,387,236
Warrant liabilities 393,094 18,376,180
Operating lease liabilities - long-term 921,698 574,260
Notes payable - long-term, net of discount (related party) 46,148,307 31,597,649
Other liabilities 895,118 0
Total Liabilities 61,493,781 67,935,325
Stockholders’ Deficit:    
Common stock, $0.0001 par value; 625,000,000 shares authorized, 5,634,942 and 1,389,884 shares issued, respectively, and 5,634,942 and 1,389,884 shares outstanding, respectively (As adjusted, see Note 11) 563 139
Additional paid-in capital (As adjusted, see Note 11) 98,628,931 77,004,714
Accumulated other comprehensive income (26,983) 0
Accumulated deficit (135,108,367) (118,791,703)
Total Stockholders’ Deficit (36,505,856) (41,786,850)
Total Liabilities and Stockholders’ Deficit $ 24,987,925 $ 26,148,475