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CONDENSED BALANCE SHEETS - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 25,818,620 $ 19,629,649
Accounts receivable 11,894 177,064
Prepaid expenses and other current assets 285,318 1,124,998
Inventories 1,310,275 645,942
Total current assets 27,426,107 21,577,653
Property and equipment, net 2,164,759 2,123,428
Other assets 21,667 21,667
Total assets 29,612,533 23,722,748
Current liabilities:    
Accounts payable 854,295 927,194
Accrued expenses and other current liabilities 1,835,057 583,885
Total current liabilities 2,689,352 1,511,079
Long-term liabilities:    
Warrant liability 3,156,000  
Deferred tax liability 74,573 501,254
Total liabilities 5,919,925 2,012,333
Commitments and contingencies (Note 8)
Stockholders' equity:    
Preference Shares, $0.01 par value; 11,000,000 shares authorized; none issued and outstanding
Common stock, $0.01 par value per share; 110,000,000 shares authorized; 15,408,828 and 13,877,636 issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 153,776 138,776
Additional paid-in capital 26,387,440 23,319,499
Accumulated deficit (2,848,608) (1,747,860)
Total stockholders' equity 23,692,608 21,710,415
Total liabilities and stockholders' equity $ 29,612,533 $ 23,722,748