v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 1,027,997 $ 184,925
Short-term investments 135,143 2,206,555
Accounts receivable 143,469 375,192
Prepaid expenses and other current assets 1,755,658 817,029
Inventory 198,688 909,158
Contingent consideration receivable, related party   268,000
Total Current Assets 3,260,955 4,760,859
Long Term Assets    
Property and Equipment, net 12,315,460 17,587,337
Operating lease right-of-use asset 4,803,361 6,041,439
Finance lease right-of-use asset 17,223,359 20,473,742
Other assets 203,135 203,135
Deposits 271,449 $ 251,115
Related party receivable $ 1,100,000  
Other Receivable, after Allowance for Credit Loss, Noncurrent, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Contingent earn-out receivable, related party   $ 1,720,000
Total Assets $ 39,177,719 51,037,627
Current Liabilities    
Accounts payable 3,227,313 4,109,947
Deferred revenue, current portion 1,466,094 2,359,441
Operating lease liability, current portion 474,972 524,208
Finance lease liability, current portion 945,058 904,681
Accrued expenses and other liabilities 2,160,258 $ 2,201,861
Convertible promissory notes payable, related party $ 16,015,400  
Notes Payable, Current, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Total Current Liabilities $ 24,289,095 $ 10,100,138
Long Term Liabilities    
Deferred revenue, net of current portion   30,000
Operating lease liability, net of current portion 3,036,157 3,597,014
Finance lease liability, net of current portion 8,076,989 9,016,140
Warrants 2,098,000  
Total Liabilities 37,500,241 22,743,292
Commitments and Contingencies (Notes 2, 10, 11, and 15)
Stockholders' Equity    
Common stock, $0.0002 par value; 250,000,000 shares authorized, 5,083,268 and 130,979 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 1,017 26
Additional paid-in capital 293,253,163 285,718,456
Accumulated deficit (287,178,670) (254,370,827)
Accumulated other comprehensive income 224,110 48,877
Total Stockholders' Equity 6,299,620 31,396,532
Non-Controlling Interest (4,622,142) (3,102,197)
Total Stockholders' Equity 1,677,478 28,294,335
Total Liabilities and Stockholders' Equity $ 39,177,719 $ 51,037,627

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