v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS DEFICIT (UNAUDITED) - USD ($)
Total
Convertible Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Balance at the beginning (in shares) at Dec. 31, 2023 [1]   2,388,905      
Balance at the beginning at Dec. 31, 2023   $ 23,889,050      
Beginning Balance (in shares) at Dec. 31, 2023 [1]     922,362    
Beginning Balance at Dec. 31, 2023 $ (32,545,921)   $ 92 [1] $ 64,744,838 [1] $ (97,290,851)
Issuance of Common Stock (in shares) [1]     40,000    
Issuance of Common Stock 200,000   $ 4 [1] 199,996 [1]  
Issuance of Common Stock from releases of restricted stock units, shares [1]     1,237    
Issuance of Common Stock from releases of restricted stock units [1]     $ 1 (1)  
Restricted stock units used for tax withholdings, shares [1]     (285)    
Restricted stock units used for tax withholdings (1,873)   $ (1) [1] (1,872) [1]  
Stock-based compensation 614,115     614,115 [1]  
Net Income (Loss) (5,705,098)       (5,705,098)
Balance at the ending (in shares) at Mar. 31, 2024 [1]   2,388,905      
Balance at the ending at Mar. 31, 2024   $ 23,889,050      
Ending Balance (in shares) at Mar. 31, 2024 [1]     963,314    
Ending Balance at Mar. 31, 2024 $ (37,434,715)   $ 96 [1] 65,557,076 [1] (102,991,887)
Balance at the beginning (in shares) at Dec. 31, 2024 2,388,905 2,388,905      
Balance at the beginning at Dec. 31, 2024 $ 23,889,050 $ 23,889,050      
Beginning Balance (in shares) at Dec. 31, 2024     20,274,238    
Beginning Balance at Dec. 31, 2024 (37,836,506)   $ 2,028 93,968,071 (131,806,605)
Reclassification of convertible preferred stock from mezzanine equity to current liabilities, (in shares)   (2,388,905)      
Reclassification of convertible preferred stock from mezzanine equity to current liabilities   $ (23,889,050)      
Issuance of Common Stock to extinguish debt, shares     15,551,122    
Issuance of Common Stock to extinguish debt 4,390,251   $ 5,438 4,384,813  
Issuance of Common Stock upon exercise of pre-funded warrants (in Shares)     13,008,304    
Issuance of Common Stock upon exercise of pre-funded warrants 934   $ 1,301 (367)  
Contributions from related party 110,000     110,000  
Deemed dividend in connection with modification of pre-funded warrants (936)     (936)  
Reclassification of convertible preferred stock from mezzanine equity to liability 10,398,050       10,398,050
Stock-based compensation 571,708     571,708  
Net Income (Loss) (16,611,425)       (16,611,425)
Ending Balance (in shares) at Mar. 31, 2025     48,833,664    
Ending Balance at Mar. 31, 2025 $ (38,977,924)   $ 8,767 $ 99,033,289 $ (138,019,980)
[1]

(1) Periods presented have been adjusted to reflect the 1-for-40 reverse stock split on July 23, 2024. See Note 2 – Summary of Significant Accounting Policies for additional information.