v3.25.2
Segment and Geographic Information (Tables)
3 Months Ended
Mar. 31, 2025
Segment and Geographic Information  
Summary of selected financial information of single operating segment

 

For the Three Months Ended March 31,

    

2025

    

2024

Revenue

$

365,471

$

Cost of goods sold

 

238,592

 

Operating expenses:

 

 

General and administrative expenses

 

4,763,716

 

1,110,229

Research and development expenses

 

1,018,352

 

875,342

Depreciation and amortization

 

8,215

 

8,119

Total operating expenses

 

5,790,283

 

1,993,690

Loss from operations

 

(5,663,404)

 

(1,993,690)

Other income (expense):

 

 

  

Change in fair value of derivative liabilities

 

(827,445)

 

(541,639)

Change in fair value of warrant liabilities

 

223,162

 

(13,043,192)

Change in earnout liability

(30,000)

Transaction costs expensed

(9,665,004)

Gain on settlement of forward purchase agreement

1,406,669

Interest expense

 

(723,467)

 

(2,872,951)

Other income

14,019

Gains from extinguishment of debt, net

 

12,592,052

 

Total other income (expense):

 

2,975,967

 

(16,443,763)

Income (loss) before income taxes

(2,687,437)

(18,437,453)

Provision for income taxes

Net income (loss)

$

(2,687,437)

$

(18,437,453)