XML 31 R16.htm IDEA: XBRL DOCUMENT v3.24.0.1
Revenue
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue

Note 8 – Revenue

 

The following table sets forth revenue by geographic area:

 

   2023   2022 
   Years Ended December 31, 
   2023   2022 
United States          
Product revenue  $659,618   $24,671,554 
Grant revenue   5,820,565    - 
Total United States   6,480,183    24,671,554 
Rest of World          
Product revenue   331,855    9,546,655 
Grant revenue   -    - 
Total Rest of World   331,855    9,546,655 
Total  $6,812,038   $34,218,209 
Percentage of revenue by area:          
United States   95%   72%
Rest of World   5%   28%

 

Deferred Revenue

 

Changes in the Company’s deferred revenue balance for the year ended December 31, 2023 were as follows:

 

Balance as of December 31, 2022  $- 
Increase due to prepayments from customers   32,570 
Increase due to grant funding awarded   329,879 
 Balance as of December, 2023  $362,449