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Condensed Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 465,821 $ (4,388,446)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Bad debts expense 176,032 0
Depreciation and amortization 582,948 306,092
Non-cash amortization of right-of-use asset and liability 791,360 15,245
Impairment of obsolete inventory 0 2,075,080
Amortization of stock options 3,394,746 399,436
Amortization of stock warrants issued as a debt discount 932,883 900,228
Loss on early extinguishment of debt 696,502 0
Decrease (increase) in current assets:    
Accounts receivable 1,169,269 (1,197,608)
Prepaid expenses 360,734 (10,760)
Inventory (15,319,762) (2,342,871)
Security deposits (1,011,340) (12,309)
Increase (decrease) in current liabilities:    
Accounts payable 447,563 257,091
Income tax payable 65,603 0
Accrued interest (363,326) 419,807
Accrued expenses 1,190,375 125,270
Net cash provided by used in operating activities (6,124,944) (3,328,516)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (3,143,561) (1,326,276)
Cash paid for construction in progress (1,325,726) 0
Net cash used in investing activities (4,469,287) (1,326,276)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from common stock offerings, net of offering costs of $859,024 15,712,976 3,675,000
Proceeds from the exercise of warrants and options 373,855 0
Proceeds received from notes payable, related parties 0 2,400,000
Proceeds received from notes payable 0 400,000
Repayments of borrowings (956,250) 0
Net cash provided by financing activities 15,130,581 6,475,000
NET CHANGE IN CASH AND CASH EQUIVALENTS 4,536,350 1,820,208
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 2,410,037 276,464
CASH AND CASH EQUIVALENTS AT END OF PERIOD 6,946,387 2,096,672
SUPPLEMENTAL INFORMATION:    
Interest paid 667,293 27,878
Interest received 43,639 0
Income taxes paid 130,000 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Non-cash exercise of warrants 5,299,113 0
Repayment of interest (98,750) 0
Repayments of borrowings (5,200,363) 0
Reclassification of construction in progress to property and equipment 2,864,649 1,766,110
Value of debt discounts attributable to warrants 0 247,880
Officers and Directors [Member]    
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Common stock issued for services $ 295,648 $ 125,229