v3.25.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Revenue $ 0 $ 93,549 $ 152,127 $ 2,085,532
Cost of revenue 235,717 856,956 2,205,476 5,695,433
Gross margin (235,717) (763,407) (2,053,349) (3,609,901)
Operating expenses:        
Research and development 184,563 766,495 1,821,816 5,462,680
Selling and marketing 543,337 345,590 468,074 1,539,690
General and administrative 2,078,805 2,652,795 8,807,651 11,117,525
Total operating expenses 2,806,705 3,764,880 11,097,541 18,119,895
Loss from operations (3,042,422) (4,528,287) (13,150,890) (21,729,796)
Non-operating expenses:        
Interest income 7,385 11,740 17,166 117,372
Interest expense (193,480) (1,191,862) (3,346,896) (864,535)
Change in fair value of warrant liabilities 127,300 3,311 2,109,904 1,766,513
Change in fair value of derivative liability 37,900 0 141,100 0
Change in fair value of debt 256,522 0    
Loss on issuance of debt (707,800) 0    
Loss on extinguishment of debt (5,497,516) 0 (20,504,307) 0
Gain on sale of intellectual property intangible assets 8,961,872 0    
Loss on impairment of inventories, property and equipment and operating lease right-of-use asset (6,064,823) 0    
Interest expense recognized on remeasurement of preferred stock liability (10,398,050) 0    
Other loss, net (98,313) 0 218,169 0
Loss before provision for income taxes (16,611,425) (5,705,098) (34,515,754) (20,710,446)
Provision for income taxes 0 0 0 0
Net loss (16,611,425) (5,705,098) $ (34,515,754) $ (20,710,446)
Reclassification of convertible preferred stock from mezzanine equity to liability 10,398,050 0    
Deemed dividend in connection with modification of pre-funded warrants (3,076,380) 0    
Net loss available to common shareholders $ (9,289,755) $ (5,705,098)    
Net loss per common share, basic $ (0.28) [1] $ (6.18) [1] $ (5.91) [2] $ (0.63) [2]
Net loss per common share, diluted $ (0.28) [1] $ (6.18) [1] $ (5.91) [2] $ (0.63) [2]
Weighted-average common shares used to compute net loss per common share, basic 33,074,691 [1],[3] 922,894 [1],[3] 5,837,286 [2] 33,064,250 [2]
Weighted-average common shares used to compute net loss per common share, diluted 33,074,691 [1],[3] 922,894 [1],[3] 5,837,286 [2] 33,064,250 [2]
[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.
[2] 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.
[3] Amount presented for the three months ended March 31, 2025 includes 3,831,229 shares of common stock that the Company was required to issue but had not yet issued as of March 31, 2025.