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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Dec. 31, 2022
Current assets:      
Cash and cash equivalents $ 415,131 $ 680,549 $ 3,532,199
Accounts receivable – trade, net of $176,227 allowance – September 30, 2024 and $200,668 – December 31, 2023 1,593,622 1,584,662 2,044,056
Other receivables, net of $25,000 allowance – September 30, 2024 and $5,000 – December 31, 2023 3,659,913 3,107,634 4,076,522
Inventories, net 2,325,118 3,845,281 6,839,406
Prepaid expenses 6,325,183 6,366,368 8,466,413
Total current assets 14,318,967 15,584,494 24,958,596
Property, plant, and equipment, net 444,603 7,283,702 7,898,686
Goodwill and other intangible assets, net 11,150,545 16,510,422 17,872,970
Operating lease right of use assets, net 515,538 1,053,159 782,129
Other assets 5,833,516 6,597,032 5,155,681
Total assets 32,263,169 47,028,809 56,668,062
Current liabilities:      
Accounts payable 12,247,613 10,732,089 9,477,355
Accrued expenses 3,596,680 3,269,330 1,090,967
Current portion of operating lease obligations 82,974 279,538 294,617
Contract liabilities – current portion 4,068,578 2,937,168 2,154,874
Notes payable – related party – current portion 2,800,000 2,700,000
Debt obligations – current portion 3,438,910 1,260,513 485,373
Warrant derivative liabilities 1,266,073 1,369,738
Income taxes payable 61 8,097
Total current liabilities 27,500,828 22,548,437 13,511,283
Long-term liabilities:      
Debt obligations – long term 141,949 4,853,237 442,467
Operating lease obligation – long term 432,563 827,836 555,707
Contract liabilities – long term 6,625,694 7,340,459 5,818,082
Lease Deposit 10,445 10,445
Total liabilities 34,711,479 35,580,414 20,327,539
Commitments and contingencies
Stockholders’ Equity (Deficit):      
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized; none issued or outstanding at September 30, 2024 and December 31, 2023  
Common stock, $0.001 par value per share; 200,000,000 shares authorized; shares issued: 4,025,092 shares issued – September 30, 2024 and 2,800,752 shares issued – December 31, 2023 4,025 2,801 2,721
Additional paid in capital 128,967,685 128,441,083 127,869,342
Noncontrolling interest in consolidated subsidiary (1,265,852) 673,292 448,694
Accumulated deficit (130,154,168) (117,668,781) (91,980,234)
Total stockholders’ equity (deficit) (2,448,310) 11,448,395 36,340,523
Total liabilities and stockholders’ equity (deficit) $ 32,263,169 $ 47,028,809 $ 56,668,062