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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 11,598,836 $ 12,508,251
Accounts receivable, net 20,126 18,655
Contract assets, net 224,414 224,414
Inventory, net 245,894 296,404
Prepaid expenses and other 227,514 313,115
Total Current Assets 12,316,784 13,360,839
Noncurrent Assets    
Property and equipment, net 19,019 38,558
Intangible assets, net 1,830 1,830
Deposits 14,747 14,747
Operating lease right-of-use asset 328,792 356,109
Total Noncurrent Assets 364,388 411,244
TOTAL ASSETS 12,681,172 13,772,083
Current Liabilities    
Accounts payable and accrued liabilities 361,876 624,724
Deferred revenue 539,956 499,800
Current portion of operating lease liability 128,839 126,724
Total Current Liabilities 1,030,671 1,251,248
Noncurrent Liabilities    
Operating lease liability, net of current portion 228,927 259,627
Total Noncurrent Liabilities 228,927 259,627
TOTAL LIABILITIES 1,259,598 1,510,875
Commitments and Contingencies (Note 6)
SHAREHOLDERS’ EQUITY    
Preferred stock, $0.00001 par value; 25,000,000 shares authorized; 0 shares issued and outstanding
Common stock, $0.00001 par value; 200,000,000 authorized; 8,212,737 and 8,076,372 shares issued and outstanding, respectively 82 81
Additional paid in capital 49,528,387 49,451,419
Accumulated deficit (38,106,895) (37,190,292)
Total Shareholders’ Equity 11,421,574 12,261,208
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 12,681,172 $ 13,772,083