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Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2024
Summary of Significant Accounting Policies [Abstract] |
Schedule of Assets or Liabilities Measured at Fair Value on a Nonrecurring Basis | These values are reflected in the following tables:
|  | As of September 30, 2024 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and money market accounts |  | $ | 3,808,633 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,808,633 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank debt |  | $ | — |  |  | $ | 9,703,821 |  |  | $ | — |  |  | $ | 9,703,821 |
|  | As of December 31, 2023 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and money market accounts |  | $ | 978,741 |  |  | $ | — |  |  | $ | — |  |  | $ | 978,741 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank debt |  | $ | — |  |  | $ | 10,431,817 |  |  | $ | — |  |  | $ | 10,431,817 |
Schedule of Concentration of Risk | Sales to significant customers that amounted to 10% or more of total product sales are detailed in the following table:
|  | During the Three-Month Periods Ended September 30, |  |  | During the Nine-Month Periods Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Company A |  |  | 43 | % |  |  | 50 | % |  |  | 44 | % |  |  | 48 | %
Company B |  |  | 31 | % |  |  | 29 | % |  |  | 33 | % |  |  | 31 | %
|  | As of September 30, 2024 |  |  | As of December 31, 2023 |
Company A |  |  | 37 | % |  |  | 43 | %
Company B |  |  | 34 | % |  |  | 36 | %
Schedule of Net Income (Loss) Per Common Share | Outstanding stock options that were not included in this calculation because the effect would be anti-dilutive amounted to 661,000 and 616,500 during the three-month periods ended September 30, 2024 and 2023, respectively, and 661,000 and 616,500 during the nine-month periods ended September 30, 2024 and 2023, respectively.
|  | During the Three-Month Periods Ended September 30, |  |  | During the Nine-Month Periods Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Net loss attributable to stockholders |  | $ | (701,690 | ) |  | $ | (940,000 | ) |  | $ | (2,671,184 | ) |  | $ | (4,634,767 | )
Weighted average common shares outstanding - Basic |  |  | 8,164,423 |  |  |  | 7,746,864 |  |  |  | 7,908,425 |  |  |  | 7,746,864 |
Dilutive impact of share-based compensation awards |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Weighted average common shares outstanding - Diluted |  |  | 8,164,423 |  |  |  | 7,746,864 |  |  |  | 7,908,425 |  |  |  | 7,746,864 |
Net loss per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.09 | ) |  | $ | (0.12 | ) |  | $ | (0.34 | ) |  | $ | (0.60 | )
Diluted |  | $ | (0.09 | ) |  | $ | (0.12 | ) |  | $ | (0.34 | ) |  | $ | (0.60 | )

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