XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 4,379,500 $ 645,200
Prepaid expenses and other current assets 1,558,200 1,043,700
Total current assets 5,937,700 1,688,900
Property and equipment, net 6,581,600 8,136,900
Operating lease right-of-use asset 1,692,800 2,117,300
Other assets 21,400 24,400
Total Assets 14,233,500 11,967,500
Current Liabilities:    
Senior secured convertible promissory note, net 9,600,000 3,809,900
Accounts payable 4,247,100 7,308,100
Accrued expenses and other current liabilities 1,800,700 881,600
Interest payable 1,322,800 142,100
Note payable 57,500 557,200
Operating lease liability - short term 619,800 584,400
Total current liabilities 17,647,900 13,283,300
Subordinated convertible promissory note   2,914,000
Operating lease liability - long term 1,073,000 1,544,900
Total Liabilities 18,720,900 17,742,200
Stockholders' Equity:    
Preferred Stock, $0.0001 par value: 60,000,000 shares authorized, 14,000 and 0 issued and outstanding, with a liquidation preference of $15,323,300 and $0, as of September 30, 2023 and December 31, 2022, respectively 2
Common stock, $0.001 par value: 300,000,000 shares authorized as of September 30, 2023 and December 31, 2022; 1,176,260 and 648,384 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 1,176 648
Additional paid-in capital 113,717,122 96,172,152
Accumulated deficit (118,205,700) (101,947,500)
Total Stockholders' Equity (4,487,400) (5,774,700)
Total Liabilities and Stockholders' Equity $ 14,233,500 $ 11,967,500