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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net loss $ (37,409,694) $ (13,419,830)
Adjustments to reconcile net loss to net cash used in operating activities:    
Impairment of ENTADFI assets 14,687,346  
Impairment of deposit on asset purchase agreement 3,500,000
Fair value of subscription agreement liability 729,900
Amortization of debt discount 671,373
Loss on extinguishment of note payable 490,000
Stock-based compensation 329,760 1,974,566
Loss on impairment of other long-lived assets 267,019
Loss on related party receivable 265,648
Recovery of related party receivable (159,000)
Deferred tax benefit (12,593)
Impairment of inventory 1,152,369
Depreciation and amortization 43,937 6,752
Change in fair value of contingent warrant liability 91,967 (61,410)
Change in fair value of subscription agreement liability 134,100
Net periodic pension benefit 13,875
Issuance of restricted common stock 263,924
Changes in operating assets and liabilities:    
Accounts receivable (62,286)
Inventories (315,828)
Prepaid expenses and other current assets (412,601) (234,681)
Other noncurrent assets (16,883) (38,617)
Accounts payable 3,372,648 1,093,913
Accrued expenses (942,075) 1,739,849
Net cash used in operating activities (13,581,018) (8,675,534)
Cash flows from investing activities    
Acquisition of assets, including transaction costs of $79,771 (6,079,771)
Deposit made in connection with asset purchase agreement (3,500,000)
Cash acquired through business combination 1,056,578
Purchases of other long-lived assets (51,744)
Net advances to related parties (70,798) (23,326)
Purchases of property and equipment (3,300) (9,339)
Net cash used in investing activities (8,649,035) (32,665)
Cash flows from financing activities    
Purchase of treasury shares (58,981) (566,810)
Payment of deferred offering costs (205,093)
Principal payment of note payable (1,000,000)
Proceeds from exercise of preferred investment options, net 2,298,675
Proceeds from exercise of stock options 459 1,655
Proceeds from issuance of common stock in initial public offering, net of underwriting discount 18,400,000
Payments of initial public offering costs (926,972)
Proceeds from issuance of common stock and warrants in private placements, net of placement agent discount 16,468,123
Payment of private placement issuance costs (845,048)
Proceeds from exercise of pre-funded warrants 1,436
Net cash provided by financing activities 1,035,060 32,532,384
Effect of exchange rate changes on cash (3,331)
Net increase (decrease) in cash (21,198,324) 23,824,185
Cash, beginning of period 25,752,659 1,928,474
Cash, end of period 4,554,335 25,752,659
Noncash investing and financing activities:    
Inventory and intangible assets acquired through issuance of notes payable 12,947,000
Effect of business combination (Note 5) 64,054,991
Settlement of note payable through issuance of Series A convertible preferred stock 3,490,000
Incremental fair value of exchanged preferred investment options 2,613,011 860,204
Deferred offering costs included in accounts payable 150,000
Recognition of contingent warrant liability 25,837 75,431
Warrants issued for settlement of contingent warrants 129,184
Deferred offering costs previously included in prepaid expenses (11,020)
Exercise of pre-funded warrants 7 6
Issuance of restricted stock 5
Restricted stock forfeitures (3)
Payment of accrued bonus through related party receivable 140,000
Conversion of Series Seed Preferred Stock to common stock upon initial public offering $ 45