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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 9,452,826 $ 12,508,251
Accounts receivable, net 13,041 18,655
Contract assets, net 234,328 224,414
Inventory, net 25,980 296,404
Prepaid expenses and other 368,068 313,115
Total Current Assets 10,094,243 13,360,839
Noncurrent Assets    
Property and equipment, net 5,698 38,558
Intangible assets, net 1,830 1,830
Deposits 14,747 14,747
Operating lease right-of-use asset 245,270 356,109
Total Noncurrent Assets 267,545 411,244
TOTAL ASSETS 10,361,788 13,772,083
Current Liabilities    
Accounts payable and accrued liabilities 550,477 624,724
Deferred revenue 343,790 499,800
Current portion of operating lease liability 135,651 126,724
Total Current Liabilities 1,029,918 1,251,248
Noncurrent Liabilities    
Operating lease liability, net of current portion 134,147 259,627
Total Noncurrent Liabilities 134,147 259,627
TOTAL LIABILITIES 1,164,065 1,510,875
Commitments and Contingencies (Note 9)
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; 793,109 and 673,090 shares issued and outstanding, respectively 8 7
Additional paid in capital 49,533,950 49,451,493
Accumulated deficit (40,336,235) (37,190,292)
Total Shareholders’ Equity 9,197,723 12,261,208
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 10,361,788 $ 13,772,083