Property and Equipment, Prepaid Expenses, Other Current Assets and Liabilities (Tables)
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9 Months Ended |
Sep. 30, 2024 |
Other Assets And Liabilities, Current [Abstract] |
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Property, Plant and Equipment |
Property and equipment, net consists of the following: | | | | | | | | | | | | | As of September 30, 2024 | | As of December 31, 2023 | Machinery and equipment | $ | 1,527,419 | | | $ | 78,024 | | Computer equipment | 74,868 | | | 46,732 | | Leasehold improvements | 13,954 | | | 13,954 | | Total property and equipment, gross | 1,616,241 | | | 138,710 | | Less: accumulated depreciation | (99,629) | | | (95,434) | | Total property and equipment, net | $ | 1,516,612 | | | $ | 43,276 | |
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Schedule of prepaid expenses |
Prepaid expenses consist of the following: | | | | | | | | | | | | | As of September 30, 2024 | | As of December 31, 2023 | Clinical expenses | $ | 64,878 | | | $ | 61,352 | | Financial advisory service agreement | 284,170 | | | — | | Other prepaid expenses | 315,556 | | | 132,907 | | | $ | 664,604 | | | $ | 194,259 | | | | | | | | | | | | | | | | | | | | | |
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Schedule of other current assets |
Other current assets consist of the following: | | | | | | | | | | | | | As of September 30, 2024 | | As of December 31, 2023 | AusIndustry incentive | $ | 9,033 | | | $ | 540,604 | | Vendor deposits | 2,216,427 | | | 403,439 | | Other tax receivables | 3,678 | | | 158,242 | | Other current assets | 421,671 | | | 17,644 | |
| $ | 2,650,809 | | | $ | 1,119,929 | |
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Schedule of other current liabilities |
Other current liabilities consist of the following: | | | | | | | | | | | | | As of September 30, 2024 | | As of December 31, 2023 | Research and development costs | $ | 1,220,041 | | | $ | 467,784 | | Legal fees | 370,359 | | | 258,213 | | EHT Acquisition related liabilities | — | | | 180,897 | | Professional and consulting fees | 410,512 | | | 69,468 | | Other accrued liabilities | 64,746 | | | 22,190 | | | $ | 2,065,658 | | | $ | 998,552 | |
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