Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.25.1
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, net 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 4,072,628 7,339,099
Contract liability 697,818 2,767,913
Operating lease liabilities - current 433,820 244,774
Total Current Liabilities 9,938,359 17,387,236
Warrant liabilities 393,094 18,376,180
Operating lease liabilities - long-term 921,698 574,260
Other liabilities 895,118 0
Total Liabilities 91,536,906 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 12) 563 139
Additional paid-in capital (As adjusted, see Note 12) 102,635,276 77,004,714
Accumulated other comprehensive loss (26,983) 0
Accumulated deficit (169,157,837) (118,791,703)
Total Stockholders’ Deficit (66,548,981) (41,786,850)
Total Liabilities and Stockholders’ Deficit 24,987,925 26,148,475
Related Party    
Current Liabilities:    
Accounts payable 90,000 95,177
Notes payable - long-term, fair value option 53,222,499 0
Notes payable - long-term, net of discount 13,382,364 23,833,848
Nonrelated Party    
Current Liabilities:    
Notes payable - long-term, net of discount $ 12,783,774 $ 7,763,801