v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Operating income:            
Revenue $ 1,068,197 $ 1,193,321 $ 2,147,669 $ 2,370,382 $ 4,561,300 $ 5,332,979
Cost of revenue 330,008 379,294 711,388 791,520 1,444,618 1,956,964
Gross profit 738,189 814,027 1,436,281 1,578,862 3,116,682 3,376,015
Operating expenses:            
General and administrative expenses 4,319,014 2,929,150 8,627,943 6,099,213 12,905,073 9,275,251
Depreciation expense 1,261 1,621 2,825 4,025 7,160 9,588
Impairment loss on operating lease 303,327
Total operating expenses 4,320,275 2,930,771 8,630,768 6,103,238 12,912,233 9,588,166
Operating loss (3,582,086) (2,116,744) (7,194,487) (4,524,376) (9,795,551) (6,212,151)
Other expenses (income):            
GEM settlement fee expense 200,000    
Other expense (income), net 64,145 (22,145) 60,027 (84,683) (62,985) (150,692)
SEPA commitment fee and deferred fee expense         3,826,176
GEM warrant expense         2,448,000
GEM commitment fee expense         2,000,000
Interest income (10) (111) (813)
Loss on extinguishment of debt (527,980) 56,653
Loss on debt issuance 171,000    
Change in fair value of convertible promissory notes 34,000 578,000 (34,000)
Yorkville prepayment premium expense 80,760 80,760    
Total other expenses (income), net 576,398 1,356,837 1,465,202 2,711,050 4,610,711 9,256,351
Loss before income taxes (4,158,484) (3,473,581) (8,659,689) (7,235,426) (14,406,262) (15,468,502)
Provision for income taxes 6,624 12,472 5,691 15,749
Net loss $ (4,165,108) $ (3,486,053) $ (8,665,380) $ (7,251,175) $ (14,406,262) $ (15,468,502)
Net loss per share Basic $ (7.69) $ (26.98) $ (19.50) $ (56.16) $ (105.10) $ (111.83)
Net loss per share Diluted $ (7.69) $ (26.98) $ (19.50) $ (56.16) $ (105.10) $ (111.83)
Weighted average common shares outstanding Basic 541,836 129,193 444,474 129,127 137,074 128,822
Weighted average common shares outstanding Diluted 541,836 129,193 444,474 129,127 137,074 128,822
Nonrelated Party [Member]            
Other expenses (income):            
Loss on modification of simple agreement for future equity       $ 120,826
Interest expense $ 396,019 $ 521,420 847,418 $ 1,059,298 2,631,060 1,651,141
Change in fair value of warrant liability (154,000) (562,000) (1,807,000)
Change in fair value of simple agreement for future equity 68,582 91,443 (207,570) 307,569
Change in fair value of bifurcated embedded derivative liabilities (194,643) (162,228) (1,404,863) 254,443
Related Party [Member]            
Other expenses (income):            
Loss on modification of simple agreement for future equity       1,602,174
Interest expense 385,474 552,403 962,987 935,687 2,923,414 728,949
Change in fair value of warrant liability (230,000) (345,000) 115,000
Change in fair value of simple agreement for future equity 909,418 1,212,557 (2,752,430) 4,078,431
Change in fair value of bifurcated embedded derivative liabilities $ (478,198) $ (340,913) $ (3,063,278) $ 606,857