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BALANCE SHEET COMPONENTS (Tables)
9 Months Ended
Sep. 30, 2024
Balance Sheet Related Disclosures [Abstract]  
Schedule of Inventories

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

 

Schedule of 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

 

Schedule of 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

 

Schedule of 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