XML 16 R2.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and Cash Equivalents $ 18,186,506 $ 26,555,592
Accounts Receivable, net of allowance for credit losses of $89,000 at December 31, 2024 and $1,574,000 at December 31, 2023. 1,609,718 3,827,686
Accrued Revenues in Excess of Billings 673,498 165,771
Utility Improvement Refund   208,271
Inventories, Net 4,813,226 9,000,430
Manufacturing Vendor Prepayments 372,081 403,801
Prepaid Expenses and Other Assets 1,067,461 1,338,860
Total Current Assets 26,722,490 41,500,411
Long-Term Assets    
Fixed Assets, Net 7,584,284 8,072,830
Operating Lease Right-of-Use Asset 494,236 301,185
Patents and Trademarks, Net 2,998,760 2,627,018
Technology Licenses, Net 761,043 26,851,001
Cost Method Investment in Atomistic   5,784,126
Other Assets, Net 844,445 1,011,111
Total Assets 39,405,258 86,147,681
Current Liabilities    
Accounts Payable 538,221 1,570,630
Unearned Revenue 125,901 18,839
Accrued Expenses 945,752 2,416,443
Licensing Fees Commitment   1,000,000
Income and Other Taxes Payable 8,163 46,727
Operating Lease Right-of-Use Liability 494,236 163,513
Total Current Liabilities 2,112,273 5,216,152
Long-Term Liabilities    
Operating Lease Right-of-Use Liability   137,672
Total Liabilities 2,112,273 5,353,824
Stockholders' Equity    
Common Stock - $0.001 Par Value, 100,000,000 shares authorized; 76,553,694 shares issued and 75,974,022 shares outstanding as of December 31, 2024 and 65,304,780 shares issued and 64,725,108 shares outstanding as of December 31, 2023. 76,553 65,304
Additional Paid-in Capital 407,215,883 377,189,847
Accumulated Deficit (367,522,950) (293,984,793)
Treasury Stock, at cost, 579,672 shares as of December 31, 2024 and 2023. (2,476,501) (2,476,501)
Total Stockholders' Equity 37,292,985 80,793,857
Total Liabilities and Stockholders' Equity $ 39,405,258 $ 86,147,681