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Unaudited Interim Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 4,208,116 $ 5,148,857
Accounts receivable, net 757,552 203,522
Inventories 2,087,407 2,030,244
Other current assets 3,879,185 4,035,397
Total current assets 10,932,260 11,418,020
Non-current assets    
Property, plant and equipment, net 4,129,776 5,493,171
Operating lease right of use assets 656,518 837,348
Intangible assets 439,845 589,588
Other non-current assets 1,057,140 2,040,522
Total non-current assets 6,283,279 8,960,629
Total assets 17,215,539 20,378,649
Current liabilities    
Short-term financial liabilities, net 4,123,994 4,555,895
Accounts payable 1,930,593 1,650,906
Operating lease liabilities 394,455 484,043
Deferred revenue 2,000,142 1,845,048
Accrued expenses and other current liabilities 2,708,221 2,786,556
Total current liabilities 11,157,405 11,322,448
Non-current liabilities    
Long-term financial liabilities, net 78,865,147 70,119,275
Operating lease liabilities, net of current portion 39,064 87,713
Other non-current liabilities 316,576 290,124
Total non-current liabilities 79,220,787 70,497,112
Total liabilities 90,378,192 81,819,560
Stockholders’ equity    
Common stock 7,771 6,327
Treasury shares (195,438)
Share premium 93,348,702 85,597,939
Accumulated other comprehensive loss (7,557,999) (7,557,999)
Accumulated deficit (158,765,689) (139,487,178)
Total stockholders’ equity (73,162,653) (61,440,911)
Total liabilities and stockholders’ equity $ 17,215,539 $ 20,378,649