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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Condensed Consolidated Statements of Operations [Abstract]        
Net sales $ 836,900 $ 1,192,100 $ 1,607,400 $ 2,308,300
Cost of revenue 36,200 41,200 129,600 82,500
Gross profit 800,700 1,150,900 1,477,800 2,225,800
Operating costs and expenses        
Research and development [1] 4,861,600 2,197,400 38,020,200 5,009,500
Sales and marketing [1] 1,175,300 388,400 2,245,700 644,500
General and administration [1] 13,418,600 2,321,400 78,213,700 4,157,700
Depreciation [1] 3,700 16,600 9,300 32,900
Total costs and operating expenses [1] 19,459,200 4,923,800 118,488,900 9,844,600
Loss from operations (18,658,500) (3,772,900) (117,011,100) (7,618,800)
Interest income 2,132,700 0 2,161,500 0
Interest expense 157,800 (20,606,300) (2,659,800) (22,630,600)
Change in fair value of derivative liabilities 0 1,611,100 (225,916,000) 7,271,000
Loss on the convertion of convertible debt 0 0 (542,300) 0
Loss from operations before income taxes (16,368,000) (22,768,100) (343,967,700) (22,978,400)
Income tax expense 0 0 0 0
Net loss $ (16,368,000) $ (22,768,100) $ (343,967,700) $ (22,978,400)
Loss per Share attributable to common stockholders:        
Basic (in dollars per share) $ (0.1) $ (0.26) $ (2.67) $ (0.26)
Diluted (in dollars per share) [2] $ (0.1) $ (0.26) $ (2.67) $ (0.26)
Weighted Average Shares used to compute net loss per share attributable to common stockholders:        
Basic (in shares) 166,726,512 87,500,000 128,735,253 87,500,000
Diluted (in shares) 166,726,512 87,500,000 128,735,253 87,500,000
[1] Costs of operating expenses include stock based compensation expense as follows:
[2] Loss per share attributable to common stockholders for diluted calculation is based on the Basic weighted shares as these are not dilutive. The Basic and diluted loss per share attributable to common stockholders are therefore the same.