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BALANCE SHEET COMPONENTS | 9 Months Ended
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Sep. 30, 2024
Balance Sheet Related Disclosures [Abstract] |
BALANCE SHEET COMPONENTS | NOTE 4. BALANCE SHEET COMPONENTS Inventories, Net Inventories, net as of September 30, 2024 and December 31, 2023 consisted of the following:
​ |  | September 30, 2024 |  |  | December 31, 2023 |
Raw materials and supplies |  | $ | 1,913,013 |  |  | $ | 1,973,634 |
Work-in-process |  |  | 161,137 |  | ​ |  | 158,346 |
Finished goods |  |  | 613,789 |  | ​ |  | 457,752 |
Inventories, gross |  |  | 2,687,939 |  | ​ |  | 2,589,732 |
Less: inventory reserve |  |  | (1,161,469 | ) |  |  | (1,133,457 | )
Inventories, net |  | $ | 1,526,470 |  | ​ | $ | 1,456,275 |
The Company did no t record any lower of cost or net realizable value charges during the three months ended September 30, 2024 and 2023, The Company recorded lower of cost or net realizable value charges of $28,012 and nil d uring the nine months ended September 30, 2024 and 2023, respectively. Property and Equipment, Net Property and equipment, net as of September 30, 2024 and December 31, 2023 consisted of the following:
​ |  | September 30, 2024 |  |  | December 31, 2023 |
Machinery and equipment |  | $ | 7,311,625 |  |  | $ | 7,179,629 |
Leasehold improvements |  |  | 897,948 |  | ​ |  | 897,948 |
Furniture and office equipment |  |  | 205,897 |  | ​ |  | 205,897 |
Computer equipment and software |  |  | 197,386 |  | ​ |  | 197,386 |
Property and equipment, gross |  |  | 8,612,856 |  | ​ |  | 8,480,860 |
Less: accumulated depreciation and amortization |  |  | (3,475,821 | ) |  |  | (2,829,884 | )
Property and equipment, net |  | $ | 5,137,035 |  | ​ | $ | 5,650,976 |
Depreciation and amortization expense related to property and equipment was $206,718 and $144,955 during the three months ended September 30, 2024 and 2023, respectively, and $596,256 and $369,971 during the nine months ended September 30, 2024 and 2023, respectively. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets as of September 30, 2024 and December 31, 2023 consisted of the following:
​ |  | September 30, 2024 |  |  | December 31, 2023 |
Prepaid insurance |  | $ | 488,523 |  |  | $ | 61,342 |
Other prepaid assets |  |  | 34,074 |  |  |  | 94,653 |
Other current assets |  |  | 4,464 |  | ​ |  | 260 |
Total prepaid expenses and other current assets |  | $ | 527,061 |  | ​ | $ | 156,255 |
Accrued Liabilities Accrued liabilities as of September 30, 2024 and December 31, 2023 consisted of the following:
​ |  | September 30, 2024 |  |  | December 31, 2023 |
Accrued payroll and related benefits |  | $ | 403,574 |  |  | $ | 754,904 |
Accrued legal, accounting and professional fees |  |  | 2,500,983 |  | ​ |  | 838,865 |
Accrued transaction costs related to the reverse recapitalization |  |  | 503,600 |  |  |  | 503,600 |
Accrued taxes payable |  |  | 196,842 |  |  |  | 89,346 |
Accrued interest |  |  | 625,599 |  |  |  | 337,913 |
Other |  |  | 212,581 |  | ​ |  | 225,677 |
Total accrued expenses |  | $ | 4,443,179 |  | ​ | $ | 2,750,305 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
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