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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:

 

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:

 

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