XML 10 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 2,198,275 $ 2,912,461
Prepaid expenses 164,163 761,271
Forward purchase agreement 1,420,137 5,700,451
Inventory 113,872 0
Income taxes receivable 204,559 204,559
Assets available for sale 0 53,321,372
Total current assets 4,101,006 62,900,114
Property and equipment, net of accumulated depreciation of $667,512 and $622,714, respectively 148,049 192,846
Operating lease right of use asset 762,877 831,656
Intangible assets, net of accumulated amortization of $48,823 and $46,559, respectively 21,923 24,187
Total assets 5,033,855 63,948,803
Current liabilities:    
Accounts payable 4,095,418 4,417,234
Accrued interest 1,175,845 1,175,845
Accrued expenses and other liabilities 335,626 1,595,434
Loans payable, net of debt discount 21,286 1,288,598
Operating lease liability 149,503 150,136
Liabilities available for sale 0 29,874,831
Total current liabilities 5,777,678 38,502,078
Long-term Liabilities:    
Operating lease liability, net of current portion 627,949 697,715
Total liabilities 6,405,627 39,199,793
Commitments and contingencies (see Note 9)
Stockholders' (deficit) equity :    
Series A convertible voting preferred stock, $0.0001 par value; -0- and 4,243 shares authorized, issued and outstanding at June 30, 2024 and December 31, 2023, respectively   1
Common stock, $0.0001 par value, 250,000,000 shares authorized, and 20,905,407 and 23,090,585 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 2,091 2,309
Additional paid-in capital 63,705,035 83,250,101
Accumulated deficit (65,078,898) (58,503,401)
Total stockholders' (deficit) equity (1,371,772) 24,749,010
Total liabilities and stockholders' (deficit) equity $ 5,033,855 $ 63,948,803