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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 157,139 $ 2,912,461
Inventory 108,705 0
Prepaid expenses 297,462 761,271
Deferred offering costs 86,314 0
Income taxes receivable 301,838 204,559
Accounts receivable 4,096 0
Forward purchase agreement 0 5,700,451
Assets available for sale 0 53,321,372
Total current assets 955,554 62,900,114
Operating lease right of use asset 384,879 831,656
Property and equipment, net of accumulated depreciation of $701,655 and $622,715, respectively 113,906 192,846
Intangible assets, net of accumulated amortization of $51,105 and $46,559, respectively 19,641 24,187
Total assets 1,473,980 63,948,803
Current liabilities:    
Accounts payable 4,058,091 4,417,234
Accrued interest 1,175,845 1,175,845
Accrued expenses and other liabilities 313,713 1,595,434
Loans payable, net of debt discount 241,158 1,288,598
Operating lease liability 87,898 150,136
Liabilities available for sale 0 29,874,831
Total current liabilities 5,876,705 38,502,078
Long-term liabilities:    
Operating lease liability, net of current portion 309,937 697,715
Total liabilities 6,186,642 39,199,793
Commitments and contingencies (see Note 11)
Stockholders' (deficit) equity:    
Series A convertible voting preferred stock, $0.0001 par value; -0- and 4,243 shares authorized, issued and outstanding at December 31, 2024 and December 31, 2023, respectively 0 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 December 31, 2024 and December 31, 2023, respectively 2,091 2,309
Additional paid-in capital 64,156,909 83,250,101
Accumulated deficit (68,871,662) (58,503,401)
Total stockholders' (deficit) equity (4,712,662) 24,749,010
Total liabilities and stockholders' (deficit) equity $ 1,473,980 $ 63,948,803