XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 15,199,655 $ 1,546,159
Inventories 2,145,278 200,428
Accounts receivable 1,894,630 646,413
Prepaid expenses 527,522 296,761
Total current assets 19,767,085 2,689,761
Property and equipment, net 30,969,184 23,495,440
Security deposit 31,893 31,893
Total assets 69,575,409 46,411,849
Current liabilities:    
Bank overdraft 366,605 118,763
Accounts payable and accrued expenses 5,750,596 6,100,449
Accrued payroll and related expenses 3,991,699 4,089,836
Non-convertible notes payable, current portion, net of unamortized debt discount of $660,954 and $774,308, respectively 2,550,457 2,623,561
Convertible notes payable, current portion, net of unamortized debt discount of $- and $3,934,506, respectively 8,065,494
Operating lease obligations, current portion 341,004  
Total current liabilities 13,000,361 23,269,476
Operating lease obligations, less current portion 831,046 94,943
Convertible notes payable, net of unamortized debt discount of $- and $1,967,253, respectively 4,032,747
Non-convertible notes payable, net of unamortized debt discount of $1,158,336 and $1,739,260, respectively 4,469,731 6,250,481
Total liabilities 18,301,138 50,865,997
Commitments and contingencies (See Note 13)
Stockholders’ equity (deficit):    
Common stock, $0.001 par value, 1,200,000,000 and 500,000,000 shares authorized; 22,378,762 and 113,096 shares issued and outstanding, respectively 22,379 113
Additional paid in capital 529,183,742 391,411,896
Accumulated deficit (477,931,850) (395,866,157)
Total stockholders’ equity  (deficit) 51,274,271 (4,454,148)
Total liabilities and stockholders’ equity (deficit) 69,575,409 46,411,849
License [Member]    
Current assets:    
Intangible assets, net 14,891,800 16,487,350
Intellectual Property [Member]    
Current assets:    
Intangible assets, net 1,214,400 1,669,800
Customer List [Member]    
Current assets:    
Intangible assets, net 1,567,300 1,735,225
Nonrelated Party [Member]    
Current assets:    
Property and equipment, net 21,400,833 16,569,125
Operating lease right of use assets, net 1,106,799 198,558
Current liabilities:    
Operating lease obligations, current portion 313,194 89,731
Related Party [Member]    
Current assets:    
Property and equipment, net 9,568,351 6,926,315
Operating lease right of use assets, net 26,948 103,822
Current liabilities:    
Due to related parties 2,070,402
Operating lease obligations, current portion 27,810 111,240
Related party note payable $ 17,218,350