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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 3,279,926 $ 14,131,137
Restricted cash, current 5,000,000  
Grants and accounts receivable, net of allowances of $157,701 and $49,663 at December 31, 2024 and 2023, respectively 7,319,597 6,057,072
Inventories 2,732,907 3,375,817
Prepaid expenses and other current assets 3,270,812 1,834,485
Total current assets 21,603,242 25,398,511
Property and equipment - net 9,002,383 10,056,354
Restricted cash 1,483,958 1,483,958
Right-of-use asset 11,511,236 12,058,896
Other assets 3,770,681 3,958,603
Total Assets 47,371,500 52,956,322
Current Liabilities:    
Accounts payable 3,339,885 3,802,170
Accrued expenses and other current liabilities 6,031,670 7,359,786
Lease liability - current portion 452,688 373,636
Current maturities of long-term debt   2,500,000
Total current liabilities 9,824,243 14,035,592
Lease liability, net of current portion 12,443,971 12,896,659
Long-term debt, net of current maturities 13,996,350 2,542,857
Total Liabilities 36,264,564 29,475,108
Commitments and Contingencies
Stockholders' Equity:    
Preferred Stock, Par Value $0.001, 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2024 and 2023
Common Stock, Par Value $0.001, 100,000,000 shares authorized at December 31, 2024 and 2023; and 54,830,146 and 54,240,265 shares issued and outstanding at December 31, 2024 and 2023, respectively 54,830 54,240
Additional paid-in capital 310,808,711 306,187,314
Accumulated other comprehensive income 4,252,013 529,321
Accumulated deficit (304,008,618) (283,289,661)
Total stockholders' equity 11,106,936 23,481,214
Total Liabilities and Stockholders' Equity $ 47,371,500 $ 52,956,322