Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 6,187,307 $ 753,398
Restricted certificate of deposit 50,706 201,822
Accounts receivable, net 157,327 212,428
Inventories 2,214,726 2,198,797
Prepaid expenses 1,579,585 1,889,218
Other current assets 316,018 1,025,214
Assets held for sale 1,310,832 2,940,254
Total Current Assets 11,816,501 9,221,131
Property and equipment, net 15,858,895 15,904,845
Operating lease right-of-use assets, net 1,568,705 834,972
Other assets 187,387 187,527
Total Assets 29,431,488 26,148,475
Current Liabilities:    
Accounts payable 6,693,450 7,035,450
Accrued liabilities 6,148,176 7,339,099
Contract liability 478,079 2,767,913
Operating lease liabilities - current 356,421 244,774
Total Current Liabilities 13,676,126 17,387,236
Warrant liabilities 8,726,903 18,376,180
Operating lease liabilities - long-term 1,229,219 574,260
Total Liabilities 142,186,965 67,935,325
Stockholders’ Deficit:    
Common stock, $0.0001 par value; 625,000,000 shares authorized, 57,317,025 and 50,035,824 shares issued, respectively, and 57,317,025 and 50,035,824 shares outstanding, respectively 5,732 5,004
Additional paid-in capital 78,869,430 76,999,849
Accumulated deficit (191,630,639) (118,791,703)
Total Stockholders’ Deficit (112,755,477) (41,786,850)
Total Liabilities and Stockholders’ Deficit 29,431,488 26,148,475
Nonrelated Party    
Current Liabilities:    
Notes payable - long-term, net of discount 12,607,892 7,763,801
Related Party    
Current Liabilities:    
Accounts payable 102,824 95,177
Notes payable - long-term, fair value option 94,691,365 0
Notes payable - long-term, net of discount $ 11,255,460 $ 23,833,848