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Condensed Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 17,242,442 $ 56,566,066
Short-term investments 20,083,621 0
Accrued interest receivable 224,924 0
Prepaid expenses and other current assets 2,029,504 2,340,797
Total current assets 39,580,491 58,906,863
Deferred issuance cost 236,105 0
Long-term prepaid insurance 285,613 350,230
Operating lease right-of-use assets 1,241,872 1,277,982
Financing lease right-of-use assets 3,626,247 3,669,659
Property, plant and equipment, net 16,921,495 19,736,519
Total assets 61,891,823 83,941,253
Current liabilities    
Accounts payable 1,171,266 945,927
Notes payable 615,818 1,050,849
Operating lease liabilities, current portion 458,716 669,946
Finance lease liabilities, current portion 137,182 132,004
Deferred grant income 114,698 1,322,410
Accrued expenses and other current liabilities 5,054,335 6,692,181
Total current liabilities 7,552,015 10,813,317
Operating lease liabilities, noncurrent 782,435 635,777
Finance lease liabilities, noncurrent 3,348,572 3,418,483
Warrant liabilities 4,089,043 11,774,235
Total liabilities 15,772,065 26,641,812
Commitments and contingencies (Note 18)
Stockholders equity    
Preferred stock; $0.0001 par value; 10,000,000 shares authorized, 42,236 shares issued and outstanding at June 30, 2024 and December 31, 2023 5 5
Common stock; $0.0001 par value; 800,000,000 shares authorized at June 30, 2024 and December 31, 2023; 9,283,939 and 9,280,159 shares issued respectively, and 9,229,274 and 9,225,494 outstanding at June 30, 2024 and December 31, 2023, respectively 929 929
Treasury stock, at cost; 54,665 shares held at June 30, 2024 and December 31, 2023 (5,521,246) (5,521,246)
Additional paid-in capital 154,096,164 152,856,874
Accumulated other comprehensive income (loss) (31,353) 26,420
Accumulated deficit (102,424,741) (90,063,541)
Total stockholders' equity 46,119,758 57,299,441
Total liabilities and stockholders' equity $ 61,891,823 $ 83,941,253