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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 10,295,159 $ 12,508,251
Accounts receivable, net 71,240 18,655
Contract assets, net 224,414 224,414
Inventory, net 24,680 296,404
Prepaid expenses and other 421,260 313,115
Total Current Assets 11,036,753 13,360,839
Noncurrent Assets    
Property and equipment, net 9,605 38,558
Intangible assets, net 1,830 1,830
Deposits 14,747 14,747
Operating lease right-of-use asset 273,375 356,109
Total Noncurrent Assets 299,557 411,244
TOTAL ASSETS 11,336,310 13,772,083
Current Liabilities    
Accounts payable and accrued liabilities 364,154 624,724
Deferred revenue 468,963 499,800
Current portion of operating lease liability 133,127 126,724
Total Current Liabilities 966,244 1,251,248
Noncurrent Liabilities    
Operating lease liability, net of current portion 166,685 259,627
Total Noncurrent Liabilities 166,685 259,627
TOTAL LIABILITIES 1,132,929 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; 791,580 and 673,090 shares issued and outstanding, respectively 8 7
Additional paid in capital 49,520,970 49,451,493
Accumulated deficit (39,317,597) (37,190,292)
Total Shareholders’ Equity 10,203,381 12,261,208
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 11,336,310 $ 13,772,083