RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS AND PREVIOUSLY ISSUED UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Changes and Error Corrections [Abstract]

Schedule of Restatements for Previously Issued Financial Statements

The Company has not filed, and does not intend to file, amendments to the previously filed Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024, June 30, 2024 and September 30, 2024, but instead is restating its unaudited interim condensed consolidated financial statements in this 10-K.

The corrections to (i) the year ended December 31, 2023 presented in this 10-K and (ii) the quarters ended March 31, 2024, June 30, 2024 and September 30, 2024 to be presented in the Company's upcoming Form 10-Qs to be filed during 2025 are as follows:

Consolidated Balance Sheets

	As of December 31, 2023
	Originally Reported			Senior Convertible Notes Restatement Adjustment			As Restated
LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT
Accrued expenses	$	2,750,305		$	(250,648	)	$	2,499,657
Total current liabilities	$	10,028,688		$	(250,648	)	$	9,778,040
Convertible notes payable	$	6,713,241		$	254,710		$	6,967,951
Total liabilities	$	19,217,817		$	4,062		$	19,221,879
Stockholders’ Deficit
Accumulated deficit	$	(97,286,789	)	$	(4,062	)	$	(97,290,851	)
Total Stockholders’ Deficit	$	(32,541,859	)	$	(4,062	)	$	(32,545,921	)

	As of March 31, 2024
	Originally Reported			Senior Convertible Notes Restatement Adjustment			As Restated
LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT
Accrued expenses	$	3,248,847		$	(246,202	)	$	3,002,645
Total current liabilities	$	12,441,326		$	(246,202	)	$	12,195,124
Convertible notes payable	$	6,713,241		$	254,710		$	6,967,951
Total liabilities	$	21,509,495		$	8,507		$	21,518,002
Stockholders’ Deficit
Accumulated deficit	$	(102,987,442	)	$	(4,445	)	$	(102,991,887	)
Total Stockholders’ Deficit	$	(37,430,270	)	$	(4,445	)	$	(37,434,715	)

	As of June 30, 2024
	Originally Reported			Senior Convertible Notes Restatement Adjustment			As Restated
LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT
Accrued expenses	$	4,316,645		$	(246,332	)	$	4,070,313
Total current liabilities	$	13,502,361		$	(246,332	)	$	13,256,029
Convertible notes payable	$	5,385,147		$	204,321		$	5,589,468
Total liabilities	$	19,339,515		$	(42,011	)	$	19,297,504
Stockholders’ Deficit
Accumulated deficit	$	(115,674,830	)	$	48,505		$	(115,626,325	)
Total Stockholders’ Deficit	$	(34,841,521	)	$	48,505		$	(34,793,016	)

	As of September 30, 2024
	Originally Reported			Senior Convertible Notes Restatement Adjustment			As Restated
LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT
Accrued expenses	$	4,443,179		$	(244,997	)	$	4,198,182
Total current liabilities	$	15,672,672		$	(244,997	)	$	15,427,675
Convertible notes payable	$	4,511,880		$	171,188		$	4,683,068
Total liabilities	$	20,266,885		$	(73,809	)	$	20,193,076
Stockholders’ Deficit
Accumulated deficit	$	(120,052,352	)	$	31,797		$	(120,020,555	)
Total Stockholders’ Deficit	$	(36,343,647	)	$	31,797		$	(36,311,850	)

Consolidated Statements of Operations

	Year Ended December 31, 2023
	Originally Reported			Junior Note Deferred Financing Cost Restatement Adjustment			Senior Convertible Notes Restatement Adjustment			As Restated
General and administrative	$	11,223,449		$	(105,924	)	$	-		$	11,117,525
Interest expense	$	754,549		$	105,924		$	4,062		$	864,535
Loss before provision for income taxes	$	(20,706,384	)	$	-		$	(4,062	)	$	(20,710,446	)
Net loss and comprehensive loss	$	(20,706,384	)	$	-		$	(4,062	)	$	(20,710,446	)
Net loss per common share, basic and diluted	$	(0.63	)	$	-		$	-		$	(0.63	)

	Three Months Ended March 31, 2024
	Originally Reported			Junior Note Deferred Financing Cost Restatement Adjustment			Senior Convertible Notes Restatement Adjustment			As Restated
General and administrative	$	2,889,345		$	(236,550	)	$	-		$	2,652,795
Interest expense	$	950,867		$	236,550		$	4,445		$	1,191,862
Loss before provision for income taxes	$	(5,700,653	)	$	-		$	(4,445	)	$	(5,705,098	)
Net loss and comprehensive loss	$	(5,700,653	)	$	-		$	(4,445	)	$	(5,705,098	)
Net loss per common share, basic and diluted	$	(0.15	)	$	-		$	-		$	(0.15	)

	Three Months Ended June 30, 2024
	Originally Reported			Junior Note Deferred Financing Cost Restatement Adjustment			Senior Convertible Notes Restatement Adjustment			As Restated
General and administrative	$	2,111,018		$	(170,570	)	$	-		$	1,940,448
Interest expense	$	941,614		$	170,570		$	3,769		$	1,115,953
Loss on extinguishment of debt	$	10,346,108		$	-		$	(52,274	)	$	10,293,834
Loss before provision for income taxes	$	(12,687,388	)	$	-		$	48,505		$	(12,638,883	)
Net loss and comprehensive loss	$	(12,687,388	)	$	-		$	48,505		$	(12,638,883	)
Net loss per common share, basic and diluted	$	(7.60	)	$	-		$	0.03		$	(7.57	)

	Six Months Ended June 30, 2024
	Originally Reported			Junior Note Deferred Financing Cost Restatement Adjustment			Senior Convertible Notes Restatement Adjustment			As Restated
General and administrative	$	5,000,363		$	(407,120	)	$	-		$	4,593,243
Interest expense	$	1,892,481		$	407,120		$	8,214		$	2,307,815
Loss on extinguishment of debt	$	10,346,108		$	-		$	(52,274	)	$	10,293,834
Loss before provision for income taxes	$	(18,388,041	)	$	-		$	44,060		$	(18,343,981	)
Net loss and comprehensive loss	$	(18,388,041	)	$	-		$	44,060		$	(18,343,981	)
Net loss per common share, basic and diluted	$	(14.18	)	$	-		$	0.03		$	(14.15	)

	Three Months Ended September 30, 2024
	Originally Reported			Junior Note Deferred Financing Cost Restatement Adjustment			Senior Convertible Notes Restatement Adjustment			As Restated
General and administrative	$	1,941,085		$	(144,311	)	$	-		$	1,796,774
Interest expense	$	929,046		$	144,311		$	3,250		$	1,076,607
Loss on extinguishment of debt	$	1,339,017		$	-		$	(35,048	)	$	1,303,969
Loss before provision for income taxes	$	(4,377,522	)	$	-		$	31,797		$	(4,345,725	)
Net loss and comprehensive loss	$	(4,377,522	)	$	-		$	31,797		$	(4,345,725	)
Net loss per common share, basic and diluted	$	(1.12	)	$	-		$	0.01		$	(1.11	)

	Nine Months Ended September 30, 2024
	Originally Reported			Junior Note Deferred Financing Cost Restatement Adjustment			Senior Convertible Notes Restatement Adjustment			As Restated
General and administrative	$	6,941,448		$	(551,431	)	$	-		$	6,390,017
Interest expense	$	2,821,527		$	551,431		$	11,464		$	3,384,422
Loss on extinguishment of debt	$	11,685,125		$	-		$	(87,322	)	$	11,597,803
Loss before provision for income taxes	$	(22,765,563	)	$	-		$	75,857		$	(22,689,706	)
Net loss and comprehensive loss	$	(22,765,563	)	$	-		$	75,857		$	(22,689,706	)
Net loss per common share, basic and diluted	$	(10.45	)	$	-		$	0.03		$	(10.41	)

Consolidated Statements of Cash Flows

	Year Ended December 31, 2023
	Originally Reported			Senior Convertible Notes Restatement Adjustment			As Restated
Net Loss	$	(20,706,384	)	$	(4,062	)	$	(20,710,446	)
Changes in operating assets and liabilities: Accrued expenses	$	111,939		$	4,062		$	116,001

	Three Months Ended March 31, 2024
	Originally Reported			Senior Convertible Notes Restatement Adjustment			As Restated
Net Loss	$	(5,700,653	)	$	(4,445	)	$	(5,705,098	)
Changes in operating assets and liabilities: Accrued expenses	$	520,042		$	4,445		$	524,487

	Six Months Ended June 30, 2024
	Originally Reported			Senior Convertible Notes Restatement Adjustment			As Restated
Net Loss	$	(18,388,041	)	$	44,060		$	(18,343,981	)
Adjustments to reconcile net loss to net cash used in operating activities: Loss on extinguishment of debt	$	10,346,108		$	(52,274	)	$	10,293,834
Changes in operating assets and liabilities: Accrued expenses	$	1,693,890		$	8,214		$	1,702,104

	Nine Months Ended September 30, 2024
	Originally Reported			Senior Convertible Notes Restatement Adjustment			As Restated
Net Loss	$	(22,765,563	)	$	75,857		$	(22,689,706	)
Adjustments to reconcile net loss to net cash used in operating activities: Loss on extinguishment of debt	$	11,685,125		$	(87,322	)	$	11,597,803
Changes in operating assets and liabilities: Accrued expenses	$	1,964,723		$	11,464		$	1,976,187