v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 2,663,404 $ 1,186,047
Restricted certificate of deposit 53,023 52,151
Accounts receivable, net 2,283,131 238,531
Inventories 913,341 880,594
Prepaid expenses 1,446,376 1,389,434
Other current assets 607,491 573,275
Assets held for sale 0 750
Total Current Assets 7,966,766 4,320,782
Property and equipment, net 22,238,369 17,115,246
Operating lease right-of-use assets, net 900,292 1,094,743
Other assets 123,465 154,316
Goodwill 10,652,389 0
Total Assets 41,881,281 22,685,087
Current Liabilities:    
Accounts payable 5,715,381 5,916,693
Accrued liabilities 9,389,088 5,602,721
Contract liability 343,493 346,279
Operating lease liabilities - current 459,249 435,307
Notes payable - current 2,403,163 0
Total Current Liabilities 18,310,374 12,301,000
Warrant liabilities 139,782 181,913
Operating lease liabilities - long-term 533,981 768,939
Other liabilities 895,118 895,118
Total Liabilities 47,556,621 43,082,500
Stockholders’ Deficit:    
Series A Convertible Preferred Stock $0.0001 par value; 40,000 shares authorized, 35,434 shares issued at June 30, 2025 and December 31, 2024 and 18,296 and 35,034 outstanding at June 30, 2025 and December 31, 2024, respectively. 2 4
Common stock, $0.0001 par value; 625,000,000 shares authorized, 37,404,948 and 9,761,895 shares issued at June 30, 2025 and December 31, 2024, respectively, and 37,404,948 and 9,761,895 shares outstanding at June 30, 2025 and December 31, 2024, respectively 3,739 976
Additional paid-in capital 263,082,863 233,342,188
Accumulated other comprehensive loss (42,229) (42,229)
Accumulated deficit (268,719,715) (253,698,352)
Total Stockholders’ Equity (Deficit) (5,675,340) (20,397,413)
Total Liabilities and Stockholders’ Deficit 41,881,281 22,685,087
Related Party    
Current Liabilities:    
Accounts payable 45,000 160,366
Notes payable - long-term, fair value option 3,119,892 2,583,832
Notes payable - long-term, net of discount 11,126,061 13,820,366
Nonrelated Party    
Current Liabilities:    
Notes payable - long-term, net of discount $ 13,431,413 $ 12,531,332