BALANCE SHEET COMPONENTS (Tables)
|
6 Months Ended |
Jun. 30, 2023 |
Balance Sheet Related Disclosures [Abstract] |
|
Schedule of Inventories |
Inventories, net as of June 30, 2023 and December 31, 2022 consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
June 30, 2023 |
|
|
December 31, 2022 |
|
Raw materials and supplies |
|
$ |
779,175 |
|
|
$ |
1,011,421 |
|
Work-in-process |
|
|
420,280 |
|
|
|
15,213 |
|
Finished goods |
|
|
330,860 |
|
|
|
239,051 |
|
Inventories, gross |
|
|
1,530,315 |
|
|
|
1,265,685 |
|
Less: inventory reserve |
|
|
(962,388 |
) |
|
|
(292,990 |
) |
Inventories, net |
|
$ |
567,927 |
|
|
$ |
972,695 |
|
|
Schedule of Property and Equipment, Net |
Property and equipment, net as of June 30, 2023 and December 31, 2022 consisted of the following:
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|
|
|
|
|
|
|
|
|
|
June 30, 2023 |
|
|
December 31, 2022 |
|
Machinery and equipment |
|
$ |
5,560,670 |
|
|
$ |
4,827,626 |
|
Leasehold improvements |
|
|
887,692 |
|
|
|
810,248 |
|
Furniture and office equipment |
|
|
205,897 |
|
|
|
180,747 |
|
Computer equipment and software |
|
|
195,377 |
|
|
|
136,282 |
|
Property and equipment, gross |
|
|
6,849,636 |
|
|
|
5,954,903 |
|
Less: accumulated depreciation and amortization |
|
|
(2,511,974 |
) |
|
|
(2,183,054 |
) |
Property and equipment, net |
|
$ |
4,337,662 |
|
|
$ |
3,771,849 |
|
|
Schedule of Prepaid Expenses and Other Current Assets |
Prepaid expenses and other current assets as of June 30, 2023 and December 31, 2022 consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
June 30, 2023 |
|
|
December 31, 2022 |
|
Prepaid insurance |
|
$ |
429,392 |
|
|
$ |
— |
|
Prepaid equipment |
|
|
198,600 |
|
|
|
— |
|
Other prepaid assets |
|
|
116,172 |
|
|
|
34,889 |
|
Other current assets |
|
|
7,813 |
|
|
|
11,848 |
|
Total prepaid expenses and other current assets |
|
$ |
751,977 |
|
|
$ |
46,737 |
|
|
Schedule of Accrued Liabilities |
Accrued liabilities as of June 30, 2023 and December 31, 2022 consisted of the following:
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|
|
|
|
|
|
|
|
|
|
June 30, 2023 |
|
|
December 31, 2022 |
|
Accrued payroll and related benefits |
|
$ |
514,375 |
|
|
$ |
636,009 |
|
Accrued legal, accounting and professional fees |
|
|
379,914 |
|
|
|
548,569 |
|
Accrued transaction costs related to the reverse recapitalization |
|
|
503,600 |
|
|
|
651,818 |
|
Accrued taxes payable |
|
|
46,746 |
|
|
|
108,516 |
|
Other |
|
|
140,005 |
|
|
|
367,206 |
|
Total accrued expenses |
|
$ |
1,584,640 |
|
|
$ |
2,312,118 |
|
|