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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2024
Accounting Policies [Abstract]  
Summary of Cash, Cash Equivalents and Short-Term Investments The Company has collateralized the letter of credit with cash in a separate bank account, which is accounted for as a long-term restricted cash on the condensed consolidated balance sheet as of September 30, 2024.

 

 

 

September 30,
2024

 

 

December 31,
2023

 

Cash, cash equivalents, and restricted cash

 

 

 

 

 

 

Cash

 

$

850,544

 

 

$

1,231,871

 

Money market funds

 

 

5,772,131

 

 

 

4,893,387

 

Commercial paper

 

 

 

 

 

746,048

 

Restricted Cash

 

 

375,000

 

 

 

 

 

 

$

6,997,675

 

 

$

6,871,306

 

Short-term investments

 

 

 

 

 

 

US government agency debt securities

 

$

 

 

$

1,497,099

 

Commercial paper

 

 

 

 

 

497,563

 

 

 

$

 

 

$

1,994,662

 

Summary of Revenue by Major Source

The following table presents revenue by major source:

 

 

 

For the Three Months
Ended September 30,

 

 

For the Nine Months
Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Direct to patient

 

$

7,431,751

 

 

$

3,501,958

 

 

$

15,491,584

 

 

$

9,245,345

 

Clinical/Medical providers

 

 

1,775,835

 

 

 

1,527,565

 

 

$

4,991,158

 

 

$

3,474,510

 

License revenue

 

 

 

 

 

50,000

 

 

 

 

 

 

1,764,920

 

Total revenue from contracts with customers

 

$

9,207,586

 

 

$

5,079,523

 

 

$

20,482,742

 

 

$

14,484,775

 

Summary of Potential Common Shares Issuable

Potential dilutive common shares issuable consist of the following at:

 

 

 

September 30,

 

 

 

2024

 

 

2023

 

Stock options

 

 

23,246

 

 

 

24,982

 

Restricted stock units

 

 

1,234,357

 

 

 

1,621,935

 

Other warrants

 

 

668,250

 

 

 

668,250

 

Total

 

 

1,925,853

 

 

 

2,315,167