v3.25.4
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities      
Net loss $ (4,318,470) $ (15,606,596) $ (13,941,397)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization   3,106,721 3,635,897
Noncash lease expense   73,489 184,101
Stock-based compensation 200,000 424,554 533,086
Loss on lease assignment and termination   5,733,298  
Foreign exchange gain   (96,638)  
Loss on disposal of long-lived assets   721,564 564,692
Loss on settlement of related party receivable 0 780,000  
Loss on extinguishment of warrant liability 81,000 279,000  
Gain on debt extinguishment     (170,000)
Change in fair value of warrant liability (562,000) (2,090,000)  
Change in fair value of related party receivable   (230,000)  
Change in fair value of non-convertible promissory notes, related party (270,000) (240,000) 10,000
Change in fair value of convertible promissory notes, related party (811,000) (2,774,321) 104,250
Change in fair value of contingent earn-out receivable, related party     (1,000,000)
Unrealized gain on short-term investments     (995)
(Increase) decrease in:      
Accounts receivable   118,411 (1,945,104)
Prepaid expenses and other current assets   997,790 258,680
Inventory - raw materials   (4,977) 838,331
Other assets   203,135  
Deposits   174,623 (26,622)
Accounts payable   766,118 (313,048)
Deferred revenue   246,328 34,298
Accrued expenses and other liabilities   640,425 575,902
Net Cash Used In Operating Activities   (6,777,076) (10,657,929)
Cash Flows from Investing Activities      
Purchase of short-term investments   (1,408) (682,648)
Proceeds from sale of short-term investments   136,551 2,855,775
Purchases of property and equipment   (57,704) (695,700)
Proceeds from sale of intellectual property license     1,000,000
Net Cash Provided by Investing Activities   77,439 2,477,427
Cash Flows from Financing Activities      
Proceeds from settlement of related party receivable   550,000  
Repayments of principal under finance lease (200,000) (460,691) (469,299)
Proceeds from issuance of common stock   1,942,650 7,631,381
Stock issuance costs     (894,868)
Proceeds from issuance of convertible promissory note, related party     2,253,750
Proceeds from issuance of non-convertible promissory notes, related party   4,610,000 750,000
Proceeds from issuance of common stock through at-the-market     8,399
Proceeds from issuance of common stock upon exercise of warrants     178,424
Proceeds from issuance of common stock under ESPP     12,904
Repayments of non-convertible promissory notes, related party   (450,000)  
Net Cash Provided by Financing Activities   6,191,959 9,470,691
Effect of exchange rate changes on cash and cash equivalents   199 (3,002)
Net (Decrease) Increase in Cash and Cash Equivalents   (507,479) 1,287,187
Cash and Cash Equivalents - Beginning of the Period   1,027,997 184,925
Cash and Cash Equivalents - End of the Period $ 520,518 520,518 1,472,112
Supplemental Disclosure for Cash Flow Information:      
Right-of-use assets surrendered upon operating lease modifications     $ (85,226)
Supplemental disclosure of non-cash investing and financing activities:      
Exercise of August 2024 pre-funded warrants   257  
Issuance of common stock from conversion of promissory note, related party   $ 2,009,079  

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