Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

Property, Plant and Equipment

Property and equipment are stated at cost less accumulated depreciation, and are depreciated using the following method over the estimated useful lives:

	Depreciation Method	Estimated useful lives of assets
Computer	Straight-line	5 years
Office equipment	Straight-line	5-7 years
Machinery	Straight-line	5 years
Leasehold improvements	Straight-line	1-5 years

Property and equipment, net, consist of the following as of:

	September 30,		December 31,
	2023		2022
Computer	$	12,321	$	12,321
Office equipment	300,250		281,250
Machinery	686,771		523,050
Leasehold improvements	105,613		105,614
Construction in progress	985,050		737,131
Total property and equipment	2,090,005		1,659,366
Less accumulated depreciation and amortization	(359,335)		(237,073)
Property and equipment, net	$	1,730,670	$	1,422,293

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The shares underlying the following outstanding instruments are excluded from the calculation of weighted average diluted shares because their inclusion would have been anti-dilutive for the three and nine months ended September 30:

	2023	2022
Stock options	1,226,368	1,323,748
Legacy Electriq common stock warrants	—	1,871,508
Private placement warrants	3,000,000	—
Public warrants	13,333,333	—
Restricted stock awards	3,616,360	—
Pre-2023 Convertible preferred stock	—	20,064,970
Total	21,176,061	23,260,226