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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Dec. 31, 2022
Current assets      
Cash and cash equivalents $ 232,075 $ 2,148,700 $ 2,880,254
Accounts receivable 54,600 482,279 327,200
Inventories, net 1,526,470 1,456,275 972,695
Deferred financing costs   50,000 4,258,515
Prepaid expenses and other current assets 527,061 156,255 46,737
Total current assets 2,340,206 4,293,509 8,485,401
Property and equipment, net 5,137,035 5,650,976 3,771,849
Construction in progress   0 188,912
Operating lease right-of-use assets 300,688 586,164 641,651
Other assets 34,359 34,359 34,359
TOTAL ASSETS 7,812,288 10,565,008 13,122,172
Current liabilities      
Accounts payable 5,962,062 4,744,606 4,456,587
Accrued expenses 4,443,179 2,750,305 2,312,118
Current portion of operating lease liability 328,554 355,385 343,049
Contract liabilities 24,000 30,400 178,750
Shareholder advances 644,936    
Current portion of notes payable 4,232,041 2,147,992 0
Current portion of convertible notes payable derivative liability 37,900 0 22,688,097
Total current liabilities 15,672,672 10,028,688 29,978,601
Operating lease liability, net of current portion   237,369 373,907
Convertible notes payable 4,511,880 6,713,241 0
Warrant liabilities 82,333 2,238,519  
TOTAL LIABILITIES 20,266,885 19,217,817 30,352,508
Commitments and Contingencies (Note 6)
Convertible preferred stock 23,889,050 23,889,050 4,040
Stockholders' Deficit      
Common Stock 569 [1] 92 [1] 1,077
Additional paid-in capital 83,708,136 [1] 64,741,241 59,344,952
Accumulated deficit (120,052,352) (97,286,789) (76,580,405)
Total Stockholders' Deficit (36,343,647) (32,541,859) (17,234,376)
TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT $ 7,812,288 10,565,008 13,122,172
Previously Reported [Member]      
Current liabilities      
Current portion of convertible notes payable derivative liability     7,300,000
Total current liabilities     14,590,504
TOTAL LIABILITIES     14,964,411
Convertible preferred stock   239 0
Stockholders' Deficit      
Common Stock   3,689  
Additional paid-in capital [1]   64,744,838  
Accumulated deficit   (81,898,692) (61,192,308)
Total Stockholders' Deficit   $ (8,652,809) $ (1,842,239)
[1] Amount presented as of December 31, 2023 is adjusted to reflect the 1-for-40 reverse stock split on July 23, 2024. See Note 2 – Summary of Significant Accounting Policies for additional information.