Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 8,122,943 $ 753,398
Restricted certificate of deposit 51,223 201,822
Accounts receivable, net 176,458 212,428
Inventories 2,217,507 2,198,797
Contract assets 482,576 0
Prepaid expenses 1,283,088 1,889,218
Other current assets 490,419 1,025,214
Assets held for sale 289,430 2,940,254
Total Current Assets 13,113,644 9,221,131
Property and equipment, net 16,500,849 15,904,845
Operating lease right-of-use assets, net 1,380,434 834,972
Other assets 204,296 187,527
Total Assets 31,199,223 26,148,475
Current Liabilities:    
Accounts payable 5,594,270 7,035,450
Accrued liabilities 4,471,026 7,339,099
Contract liability 457,872 2,767,913
Operating lease liabilities - current 420,910 244,774
Total Current Liabilities 10,944,078 17,387,236
Warrant liabilities 1,192,693 18,376,180
Operating lease liabilities - long-term 1,035,713 574,260
Total Liabilities 122,649,308 67,935,325
Stockholders’ Deficit:    
Common stock, $0.0001 par value; 625,000,000 shares authorized, 4,131,426 and 1,389,884 shares issued, respectively, and 4,131,426 and 1,389,884 shares outstanding, respectively (As adjusted, see Note 12) 413 139
Additional paid-in capital (As adjusted, see Note 12) 95,639,166 77,004,714
Accumulated deficit (187,089,664) (118,791,703)
Total Stockholders’ Deficit (91,450,085) (41,786,850)
Total Liabilities and Stockholders’ Deficit 31,199,223 26,148,475
Related Party    
Current Liabilities:    
Accounts payable 97,227 95,177
Notes payable - long-term, fair value option 83,797,224 0
Notes payable - long-term, net of discount 13,047,044 23,833,848
Nonrelated Party    
Current Liabilities:    
Notes payable - long-term, net of discount $ 12,632,556 $ 7,763,801