v3.25.2
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Consolidated Statements of Operations [Abstract]        
Net sales $ 883,300 $ 836,900 $ 1,704,500 $ 1,607,400
Operating costs and expenses(1)        
Cost of revenue 342,900 36,200 679,600 129,600
Research and development [1] 13,041,000 4,861,600 25,605,900 38,020,200
Sales and marketing 556,000 1,175,300 1,053,400 2,245,700
General and administration [1] 28,617,900 13,418,600 53,795,900 78,213,700
Depreciation and amortization 1,833,500 3,700 3,612,700 9,300
Total operating costs and expenses [1] 44,391,300 19,495,400 84,747,500 118,618,500
Loss from operations (43,508,000) (18,658,500) (83,043,000) (117,011,100)
Interest income 16,836,500 2,132,700 24,831,700 2,161,500
Interest expense (4,105,100) 157,800 (4,291,900) (2,659,800)
Investment income 11,085,000 0 11,085,000 0
Change in fair value of derivative liabilities 0 0 0 (225,916,000)
Loss on the conversion of convertible debt 0 0 0 (542,300)
Loss from operations before income taxes (19,691,600) (16,368,000) (51,418,200) (343,967,700)
Income tax expense (310,300) 0 (310,300) 0
Net loss (20,001,900) (16,368,000) (51,728,500) (343,967,700)
Less net loss attributable to noncontrolling interest 19,600 0 19,600 0
Net loss available to common stockholders $ (19,982,300) $ (16,368,000) $ (51,708,900) $ (343,967,700)
Loss per share attributable to common stockholders:        
Basic (in Dollars per share) $ (0.08) $ (0.1) $ (0.22) $ (2.67)
Diluted (in Dollars per share) [2] $ (0.08) $ (0.1) $ (0.22) $ (2.67)
Weighted Average Shares used to compute net loss per share attributable to common stockholders:        
Basic (in Shares) 240,512,552 166,726,512 230,597,689 128,735,253
Diluted (in Shares) 240,512,552 166,726,512 230,597,689 128,735,253
[1] Operating costs and expenses include stock-based compensation expense as follows:
[2] Loss per share attributable to common stockholders for diluted calculation is based on the basic weighted shares as these are not dilutive. The basic and diluted loss per share attributable to common stockholders are therefore the same.