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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 4,709,237 $ 16,446,030
Restricted cash 966,529 0
Accounts receivable, net 622,419 204,879
Loans held for investment, net of allowance for credit losses of $558,612 as of September 30, 2024 3,567,832 0
Interest Receivable 304,599 0
Inventory 1,500,715 1,439,182
Prepaid expenses and other current assets 4,288,699 3,084,576
Total current assets 15,960,030 21,174,667
Loans held for investment, net of allowance for credit losses of $106,530 as of September 30, 2024, non-current 680,400 0
Property and equipment, net 299,768 127,139
Intangible assets, net 15,948,378 3,557,029
Goodwill 10,930,978 0
Operating lease, right-of-use assets 350,782 324,238
Deposits 75,579 63,546
Total assets 44,245,915 25,246,619
Current liabilities    
Revolving line of credit 3,108,871 0
Accounts payable 3,664,680 1,828,508
Accrued expenses 906,745 1,641,553
Deferred revenue 571,363 225,148
Operating lease liabilities, current portion 167,749 310,911
Total current liabilities 8,419,408 4,006,120
Warrant liabilities 2,632,500 10,130,000
Earn-out liabilities 150,000 660,000
Operating lease liabilities 191,502 16,457
Total liabilities 39,842,910 14,812,577
Commitments and contingencies (Note 16)
Stockholders’ equity    
Preferred stock, $0.0001 par value; 50,000,000 authorized shares; no shares issued and outstanding as of September 30, 2024 and December 31, 2023 0 0
Additional paid in capital 103,562,504 72,644,419
Accumulated deficit (99,162,765) (62,213,139)
Total stockholders’ equity 4,403,005 10,434,042
Total liabilities and stockholders’ equity 44,245,915 25,246,619
Related Party    
Current liabilities    
Convertible promissory notes 20,000,000 0
Nonrelated Party    
Current liabilities    
Convertible promissory notes 8,449,500 0
Class A Common Stock    
Stockholders’ equity    
Common stock 2,945 2,441
Class C Common Stock    
Stockholders’ equity    
Common stock $ 321 $ 321