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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 11,325,387 $ 12,508,251
Accounts receivable, net 32,158 18,655
Contract assets, net 224,414 224,414
Inventory, net 23,670 296,404
Prepaid expenses and other 614,724 313,115
Total Current Assets 12,220,353 13,360,839
Noncurrent Assets    
Property and equipment, net 14,312 38,558
Intangible assets, net 1,830 1,830
Deposits 14,747 14,747
Operating lease right-of-use asset 301,214 356,109
Total Noncurrent Assets 332,103 411,244
TOTAL ASSETS 12,552,456 13,772,083
Current Liabilities    
Accounts payable and accrued liabilities 886,395 624,724
Deferred revenue 393,358 499,800
Current portion of operating lease liability 130,973 126,724
Total Current Liabilities 1,410,726 1,251,248
Noncurrent Liabilities    
Operating lease liability, net of current portion 197,946 259,627
Total Noncurrent Liabilities 197,946 259,627
TOTAL LIABILITIES 1,608,672 1,510,875
Commitments and Contingencies (Note 6)
SHAREHOLDERS’ EQUITY    
Preferred stock, $0.00001 par value; 25,000,000 shares authorized; 0 shares issued and outstanding
Common stock, $0.00001 par value; 200,000,000 authorized; 791,580 and 673,090 shares issued and outstanding, respectively 8 7
Additional paid in capital 49,520,970 49,451,493
Accumulated deficit (38,577,194) (37,190,292)
Total Shareholders’ Equity 10,943,784 12,261,208
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 12,552,456 $ 13,772,083