Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 4,509,236 $ 11,413,759
Accounts and other receivables, net 1,108,414 10,489
Inventory 9,908 5,540
Prepaid expenses and other current assets 382,651 531,899
Total current assets 6,010,209 11,961,687
Non-current assets:    
Property and equipment, net 512,152 214,438
Operating lease right-of-use asset, net 392,347
Finance lease right-to-use, net 1,262,087
Goodwill 1,148,553
Intangible assets, net 848,056
Other assets 16,060 6,000
Total assets 10,189,464 12,182,125
Current liabilities:    
Accounts payable 827,407 345,042
Accrued expenses 643,786 541,894
Unearned revenue 38,250
Operating lease liability, current portion 90,863
Finance lease liability, current portion 358,282
Loan payable 251,746
Total current liabilities 1,958,588 1,138,682
Non-current liabilities:    
Finance lease liability, net of current portion 929,570
Operating lease liability, net of current portion 307,397
Total liabilities 3,195,555 1,138,682
Commitments and contingencies (See Note 9)
Stockholders’ equity:    
Preferred stock, par value $0.001 per share; 20,000,000 shares authorized; no shares issued or outstanding at September 30, 2023, and December 31, 2022
Common stock, par value $0.007 per share; 25,000,000 and 14,285,714 shares authorized; 9,216,883 and 8,381,324 issued and outstanding at September 30, 2023 and at December 31, 2022, respectively. 64,535 58,669
Additional paid-in capital 49,160,689 47,652,242
Accumulated deficit (42,231,315) (36,667,468)
Total stockholders’ equity 6,993,909 11,043,443
Total liabilities and stockholders’ equity $ 10,189,464 $ 12,182,125