v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities    
Net loss $ (11,288,126) $ (4,657,688)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,666,486 1,806,375
Noncash lease expense 70,685 94,767
Stock-based compensation 209,909 283,877
Loss on lease assignment and termination 5,733,298  
Loss on disposal of long-lived assets 721,564  
Loss on settlement of related party receivable 780,000  
Loss on extinguishment of warrant liability 198,000  
Change in fair value of warrant liability (1,528,000)  
Change in fair value of related party receivable (230,000)  
Change in fair value of non-convertible promissory notes, related party 30,000  
Change in fair value of convertible promissory notes, related party (1,963,321) 96,000
Unrealized gain on short-term investments   (3,022)
Change in fair value of contingent earn-out receivable, related party   (1,000,000)
Noncash interest expense   102
(Increase) decrease in:    
Accounts receivable (76,440) (1,160,808)
Prepaid expenses and other current assets 378,181 (351,249)
Inventory (4,975) (536,862)
Other assets 203,135  
Deposits 174,623 (26,622)
Accounts payable 1,021,349 683,929
Deferred revenue 8,855 (1,798,182)
Accrued expenses and other liabilities 523,117 1,885,505
Net Cash Used In Operating Activities (3,371,660) (4,683,878)
Cash Flows from Investing Activities    
Purchase of short-term investments (1,105) (681,876)
Proceeds from sale of short-term investments 76,000 2,762,215
Purchases of property and equipment (57,704) (299,344)
Proceeds from sale of intellectual property license   1,000,000
Net Cash Provided by Investing Activities 17,191 2,780,995
Cash Flows from Financing Activities    
Proceeds from settlement of related party receivable 550,000  
Repayments of principal under finance lease (234,638) (231,126)
Proceeds from issuance of common stock   1,500,000
Stock issuance costs   (265,350)
Proceeds from issuance of convertible promissory note, related party   2,250,000
Proceeds from issuance of non-convertible promissory notes, related party 2,200,000  
Proceeds from issuance of common stock through at-the-market   8,403
Proceeds from issuance of common stock under ESPP   12,904
Net Cash Provided by Financing Activities 2,515,362 3,274,831
Effect of exchange rate changes on cash and cash equivalents 24 (2,029)
Net (Decrease) Increase in Cash and Cash Equivalents (839,083) 1,369,919
Cash and Cash Equivalents - Beginning of the Period 1,027,997 184,925
Cash and Cash Equivalents - End of the Period 188,914 1,554,844
Supplemental Disclosure for Cash Flow Information:    
Right-of-use assets surrendered upon operating lease modifications   (105,237)
Supplemental disclosure of non-cash investing and financing activities:    
Exercise of August 2024 PFWs 257  
Issuance of common stock from conversion of promissory note, related party $ 2,009,079  
Purchases of property and equipment included in accounts payable   $ 202,988

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