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Statement of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (24,994,277) $ (14,900,703)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,135,184 717,854
Stock-based compensation 1,003,749 1,120,191
Unrealized loss (gain) on investments, net (248,445) 186,370
Realized (gain) on investments (15,625) 0
Changes in the carrying amount of right-of-use asset (1,671) 2,089
Reserve for credit losses 5,250,000 0
Changes in operating assets and liabilities:    
Accounts receivable (1,118,061) (284,695)
Deposit for interest reserve (5,250,000) 0
Prepaid expenses and other assets 432,410 2,482,822
Accounts payable and other liabilities 1,619,357 418,208
Operating lease liability (326,742) (128,246)
Net cash used in operating activities (22,514,121) (10,386,110)
Cash flows from investing activities:    
Purchases of property and equipment (6,202,600) (10,275,128)
Proceeds for sale or maturities of short-term investments 10,000,000 24,983,520
Net cash provided by investing activities 3,797,400 14,708,392
Cash flows from financing activities:    
Proceeds from issuance of common stock 23,739 15,778
Proceeds from issuance of debt, net 0 6,448,166
Offering costs 0 (190,547)
Debt repayment (38,273) 0
Net cash provided by (used in) financing activities (14,534) 6,273,397
Net increase (decrease) in cash and cash equivalents (18,731,255) 10,595,679
Cash and cash equivalents at the beginning of the period 22,326,356 11,730,677
Cash and cash equivalents at the end of the period 3,595,101 22,326,356
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of capitalized interest 283,042 126,660
Noncash operating, investing and financing activities:    
Operating lease liabilities arising from obtaining right-of -use assets 0 192,686
Capital expenditures accrued, but not yet paid 4,240,593 0
Reserve for credit losses $ 5,250,000 $ 0