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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Summary of Source Differences Between Income Taxes at the Federal Statutory Rate and the Provision for Income Taxes | A summary of the sources of differences between income taxes at the federal statutory rate and the provision for income taxes for the years ended December 31, 2024 and 2023, respectively, is as follows:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Tax benefit at the statutory rate |  | $ | (7,249,161 | ) |  | $ | (4,346,294 | )
Increase (decrease) in taxes resulting from: |  |  |  |  |  |
State taxes |  |  | (1,583,965 | ) |  |  | (400,290 | )
Stock-based compensation |  |  | 34,599 |  |  |  | 82,430 |
Research and development tax credits |  |  | (100,311 | ) |  |  | (418,321 | )
Loss on debt extinguishment |  |  | 4,305,904 |  |  |  | — |
Deferred tax true-ups and other |  |  | (1,037,064 | ) |  |  | (167,497 | )
Change in valuation allowance |  |  | 5,629,998 |  |  |  | 5,249,972 |
Total income tax expense (benefit) |  | $ | — |  |  | $ | — |
Schedule of Components of Company's Deferred Income Tax Assets and Liabilities | Significant components of the Company's deferred income tax assets and liabilities are as follows:
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
Deferred tax assets: |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 16,979,615 |  |  | $ | 13,095,540 |
Research and development credits |  |  | 1,310,860 |  |  |  | 1,647,502 |
Capitalized pre-business expenses |  |  | 3,860,144 |  |  |  | 2,229,904 |
Accrued expenses |  |  | 219,423 |  |  |  | 124,458 |
Stock-based compensation |  |  | 1,019,432 |  |  |  | 899,453 |
Inventory reserve |  |  | 282,905 |  |  |  | 243,070 |
Operating lease liability |  |  | 57,817 |  |  |  | 127,116 |
Capitalized §174 research and development costs |  |  | 1,966,559 |  |  |  | 1,905,522 |
Unrealized derivative gain/loss |  |  | 34,368 |  |  |  | — |
Total deferred tax assets before valuation allowance |  |  | 25,731,123 |  |  |  | 20,272,565 |
Less valuation allowance |  |  | (25,386,669 | ) |  |  | (19,756,671 | )
Total deferred tax assets |  |  | 344,454 |  |  |  | 515,894 |
Deferred tax liabilities |  |  |  |  |  |
Fixed assets |  |  | (295,152 | ) |  |  | (390,191 | )
Right-of-use assets |  |  | (49,302 | ) |  |  | (125,703 | )
Total deferred tax liabilities |  |  | (344,454 | ) |  |  | (515,894 | )
Net deferred tax asset (liability) |  | $ | — |  |  | $ | — |
Schedule of Reconciliation of the Federal Income Tax Rate to the Company's Effective Tax Rate | A reconciliation of the federal income tax rate to the Company’s effective tax rate for the years ended December 31, 2024 and 2023 is as follows:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Statutory federal income tax rate |  |  | 21.0 | % |  |  | 21.0 | %
State taxes, net of federal tax benefit |  |  | 4.6 | % |  |  | 1.9 | %
Stock-based compensation |  |  | -0.1 | % |  |  | -0.4 | %
General business credits |  |  | 0.3 | % |  |  | 2.0 | %
Loss on extinguishment of debt |  |  | -12.5 | % |  |  | 0.0 | %
Deferred tax true-ups and other |  |  | 3.0 | % |  |  | 0.8 | %
Change in valuation allowance |  |  | -16.3 | % |  |  | -25.3 | %
Income tax provision |  |  | 0.0 | % |  |  | 0.0 | %
Schedule of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
Balance at January 1, 2024 |  | $ | — |
Additions based on tax positions related to 2024 |  |  | 25,078 |
Additions for tax positions of prior years |  |  | 411,876 |
Balance as of December 31, 2024 |  | $ | 436,954 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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