v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 8,899,018 $ 6,917,546
Marketable securities 38,968,404 53,746,411
Non-trade receivables and unbilled reimbursements, net 778,971 441,439
Pre-launch inventory 3,232,330 1,391,008
Prepaid expenses 1,459,766 1,693,560
Other current assets 139,374 276,419
Total current assets 53,477,863 64,466,383
Restricted cash, noncurrent 2,603,568
Property and equipment, net 1,243,737 794,959
Right of use operating lease asset 13,470,082 929,243
Marketable securities 2,318,822 5,303,950
Pre-launch inventory, noncurrent 1,486,086 1,451,532
Other assets 900,717 613,427
TOTAL ASSETS 75,500,875 73,559,494
Current liabilities    
Accounts payable 2,748,691 3,247,453
Accrued expenses and other liabilities 3,059,665 4,295,841
Interest payable 220,444 224,889
Operating lease liability 683,106 522,525
Current portion of notes payable 14,914 37,286
Total current liabilities 6,726,820 8,327,994
Other liabilities 235,829 37,617
Operating lease liability 13,562,952 574,777
Notes payable, net 40,416,514 40,263,605
Total liabilities 60,942,115 49,203,993
STOCKHOLDERS' EQUITY    
Common stock, $0.0001 par value; 600,000,000 shares authorized, 372,896,324 and 371,076,200 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 37,290 37,108
Additional paid-in capital 377,671,092 376,902,576
Accumulated deficit (364,011,951) (353,457,680)
Accumulated other comprehensive income 862,329 873,497
Total stockholders' equity 14,558,760 24,355,501
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 75,500,875 $ 73,559,494