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Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 13,596,600 $ 4,739,426
Accounts receivable, net of allowance for credit losses of $0 2,420,373 673,071
Prepaid expenses 731,945 885,040
Inventories 445,081 481,840
Other current assets 43,898 47,532
Total current assets 17,237,897 6,826,909
Operating lease right-of-use asset 154,184  
Deferred offering costs 120,614 241,637
Other long-term assets 6,312  
Total assets 17,519,007 7,068,546
Current Liabilities:    
Accounts payable and accrued expenses 2,341,191 1,711,778
Accrued compensation 865,650 1,324,010
Operating lease liability 59,533  
Note payable 5,000,000 5,000,000
Accrued interest payable 2,113,665 1,612,295
Total current liabilities 10,380,039 9,648,083
Long-term Liabilities:    
Operating lease liability, net of current portion 100,958  
Total liabilities 10,480,997 9,648,083
Commitments and contingencies
Stockholders' equity (deficit):    
Preferred stock, $0.0001 par value; authorized shares - 5,000,000 as of December 31, 2024 and December 31, 2023; issued and outstanding shares - zero as of December 31, 2024 and December 31, 2023
Common stock, $0.0001 par value; authorized shares - 100,000,000 and 50,000,000 as of December 31, 2024 and December 31, 2023, respectively; issued and outstanding shares - 1,486,009 and 278,558 as of December 31, 2024 and December 31, 2023, respectively 149 28
Additional paid-in capital 135,829,493 120,859,873
Accumulated deficit (128,791,632) (123,439,438)
Total stockholders' equity (deficit) 7,038,010 (2,579,537)
Total liabilities and stockholders' equity (deficit) $ 17,519,007 $ 7,068,546