XML 64 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 1,960,375 $ 10,445,404
Accounts receivable, net of allowance 288,777 64,792
Other accounts receivable 10,092 39,749
Unbilled accounts receivable 1,721,147 1,494,553
Inventory, net 1,344,327 2,276,677
Contract assets 99,245 0
Prepaid expenses 654,853 581,085
Total Current Assets 6,078,816 14,902,260
Property and equipment, net 278,786 230,971
Equipment-in-process 2,657,694 0
Intangible asset, net 1,021,971 988,029
Other assets 22,792 0
Total Long-Term Assets 3,981,243 1,219,000
Total Assets 10,060,059 16,121,260
Current Liabilities:    
Accounts payable and accrued expenses 769,455 572,297
Accrued contract loss provision 600,000 500,000
Accrued legal settlement 0 135,000
Unearned revenue 202,768 130,000
Other liabilities 22,429 36,787
Total Current Liabilities 1,594,652 1,374,084
Stockholders' Equity    
Preferred stock: 50,000,000 Convertible Series D preferred shares authorized; par value $0.0001 per share, nil issued and outstanding at September 30, 2024 and December 31, 2023, respectively 0 0
Common stock: 200,000,000 common shares authorized, par value $0.0001 per share, 133,168,049 and 132,667,107 shares outstanding at September 30, 2024 and December 31, 2023, respectively 13,315 13,266
Additional paid-in capital 32,061,727 30,684,943
Accumulated deficit (23,612,106) (15,953,504)
Accumulated other income 2,471 2,471
Total Stockholders' Equity 8,465,407 14,747,176
Total Liabilities & Stockholders' Equity $ 10,060,059 $ 16,121,260