v3.24.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 33,440,867 $ 39,096,562
Restricted cash 10,000,000
Marketable securities 9,848,804
Accounts receivable, net of allowance for credit losses of $53,696 and $2,349 at December 31, 2023 and 2022, respectively 219,000 510,071
Inventory 3,431,982 970,381
Prepaid expenses and other current assets 1,887,782 1,478,845
Total current assets 48,979,631 51,904,663
Property and equipment, net 3,117,164 2,192,337
Operating lease – right-of-use asset 671,451 819,401
Deposits and other assets 95,532 73,683
Total assets 52,863,778 54,990,084
Current liabilities:    
Accounts payable 2,456,258 1,107,215
Accrued expenses and other current liabilities 1,656,541 964,937
Current portion lease obligation – operating lease 196,682 165,767
Total current liabilities 4,309,481 2,237,919
Derivative liability 9,400,000
Warrant liability 13,319,800
Lease obligation - operating lease, net of current portion 502,831 693,776
Total liabilities 27,532,112 2,931,695
Commitments and contingencies (Note 13)
MEZZANINE EQUITY    
Convertible redeemable preferred stock Series H-7, ($0.0001 par value and $1,000 face value; authorized - 22,000 shares; issued and outstanding - 22,000 and 0 shares, at December 31, 2023 and 2022, respectively). Liquidation preference of $24,756,642 as of December 31, 2023 11,193,939
STOCKHOLDERS’ EQUITY    
Preferred stock , value
Common Stock, ($0.0001 par value; authorized – 200,000,000 shares; issued and outstanding – 4,913,907 and 4,655,205 shares, at December 31, 2023 and 2022, respectively) 492 466
Additional paid-in capital 129,467,274 133,227,507
Accumulated deficit (115,330,039) (81,169,584)
Total stockholders’ equity 14,137,727 52,058,389
Total liabilities, mezzanine equity and stockholders’ equity 52,863,778 54,990,084
Convertible Preferred Stock Series H [Member]    
STOCKHOLDERS’ EQUITY    
Preferred stock , value
Convertible Preferred Stock Series H-3 [Member]    
STOCKHOLDERS’ EQUITY    
Preferred stock , value
Convertible Preferred Stock Series H-6 [Member]    
STOCKHOLDERS’ EQUITY    
Preferred stock , value

Source

PDF HTML
ZIP XLS XBRL