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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 197,758,836 $ 123,266,437
Accounts receivable 381,455 86,805
Inventory 0 309,711
Prepaid expenses 1,112,309 1,396,874
Other receivables 717,714 191,643
Total current assets 199,970,314 125,251,470
Property and equipment, net 14,279,402 11,963,461
Operating lease right-of-use assets 1,927,493 1,807,705
Other non-current assets 417,407 578,237
Total assets 216,594,616 139,600,873
Current liabilities:    
Accounts payable 3,654,931 4,901,665
Accrued liabilities 890,294 654,466
Deferred revenue 0 20,097
Operating lease liabilities, current 712,562 666,136
Financing lease liabilities, current 0 564,383
Total current liabilities 5,257,787 6,806,747
Operating lease liabilities, non-current 1,173,161 1,113,212
Total liabilities 6,430,948 7,919,959
Commitments and contingencies (Note 8)
Stockholders’ equity (deficit):    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of both March 31, 2025 and December 31, 2024 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized, 56,971,632 and 51,396,574 shares issued and 56,845,515 and 51,288,566 shares outstanding as of March 31, 2025 and December 31, 2024, each respectively. 5,682 5,127
Additional paid-in capital 330,899,711 239,201,220
Accumulated deficit (120,741,725) (107,525,433)
Total stockholders’ equity (deficit) 210,163,668 131,680,914
Total liabilities and stockholders’ equity (deficit) $ 216,594,616 $ 139,600,873