v3.24.3
Condensed Consolidated Statements of Cash Flow - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:        
Net loss $ (8,665,380) $ (7,251,175) $ (14,406,262) $ (15,468,502)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation expense 2,825 4,025 7,160 9,588
Provision for credit losses on accounts receivable (2,191) (68,285) (102,112) 92,619
Non-cash shares issued to Yorkville for aggregate commitment fee 3,288,000
Non-cash issuance of warrants accounted for as liabilities 2,448,000
Non-cash share issuance for marketing expenses 175,334    
Non-cash GEM commitment fee expense 200,000 2,000,000
Amortization of operating lease right-of-use assets 87,579 86,320 173,245 152,018
Impairment of operating lease right-of-use assets 303,327
Stock based compensation expense 665,409 620,987 1,245,796 770,336
Loss on extinguishment of debt (527,980) 56,653
Excise tax 305,719
Loss on debt issuance 171,000    
Change in fair value of convertible promissory notes 578,000 (34,000)
Changes in operating assets and liabilities:        
Accounts receivable 81,079 27,168 65,479 (86,308)
Prepaid expenses and other current assets (180,343) (93,137) (407,648) 425,011
Deferred offering costs (427,664) (1,708,163)
Other assets 52,591
Accounts payable 2,989,940 1,218,775 5,339,614 660,844
Due to related party 67,118
Deferred revenue 108,142 32,124 283,660 (129,604)
Accrued expenses and other current liabilities 4,448,867 384,641
Accrued expenses (123,399) (336,332)    
Operating lease liabilities (152,335) (138,804) (284,963) (243,596)
Earnout liability (22,274) (200,000) (229,700) (710,901)
Deferred fees 500,000
Other liabilities (37,837)
Net cash used in operating activities (3,812,695) (4,046,650) (1,550,781) (5,168,175)
Cash flows from investing activities:        
Purchase of property and equipment   (10,806)
Net cash used in investing activities   (10,806)
Cash flows from financing activities:        
Effect of Merger, net of transaction costs (Note 4) (7,615,462)
Deferred offering costs (1,524,934)
Payment of GEM commitment fee (1,200,000)    
Repayment of convertible notes (Yorkville) (750,000)    
Proceeds received for exercise of Pre-Funded warrants 866    
Proceeds from issuance of common stock 1,854,818 13,362 30,761 5,016
Net cash provided by financing activities 2,190,724 3,446,362 2,621,000 4,415,930
Net increase / (decrease) in cash (1,621,971) (600,288) 1,070,219 (763,051)
Cash at beginning of period 2,093,718 1,023,499 1,023,499 1,786,550
Cash at end of period 471,747 423,211 2,093,718 1,023,499
Supplemental disclosure of cash flow information:        
Cash paid for interest 158,518 313,813 955,848 630,454
Cash paid (refund) for taxes 5,075 8,825 9,862 (4,875)
Non-cash investing and financing activities        
Issuance of Cantor Fee Shares   (111)
Modification of convertible notes payable-related party   9,909
Shares issued to Roth for advisory fee 278,833    
Shares issued to GEM 400,000    
Shares issued for marketing expenses 334,772    
Settlement of GEM commitment fee 200,000    
Shares issued to Yorkville for aggregate commitment fee 500,000 3,288,000
Issuance of warrants accounted for as a liability   2,448,000
GEM commitment fee   2,000,000
Deferred offering costs     (3,233,097)  
Debt issuance costs   25,896
Right-of-use assets obtained in exchange for lease obligations   762,603
Shares issued to Yorkville for redemption premium 115,800      
Shares issued for exercise of Pre-Funded warrants 866      
Issuance of convertible promissory note - GEM 1,000,000    
Nonrelated Party [Member]        
Adjustments to reconcile net loss to net cash used in operating activities:        
Non-cash share issuance for Yorkville redemption premium 80,760    
Non-cash interest expense 596,693 471,076 686,016 854,379
Amortization of debt discount and issuance costs 68,459 272,670 958,822 235,463
Change in fair value of warrant liability (562,000) (1,807,000)
Loss on modification of simple agreement for future equity   120,826
Change in fair value of simple agreement for future equity 91,443 (207,570) 307,569
Change in fair value of bifurcated embedded derivative liabilities     (1,404,863) 254,443
Change in fair value of bifurcated embedded derivative liabilities (162,228) (1,404,863) 254,443
Cash flows from financing activities:        
Proceeds from Yorkville redemption premium 35,040    
Proceeds from issuance of convertible notes, net of issuance costs 2,250,000 850,000 3,235,000 1,753,558
Non-cash investing and financing activities        
Conversion of simple agreement for future equity   456,234
Conversion of convertible notes   3,346,232
Bifurcated embedded derivative liabilities at issuance   541,223
Convertible note issued in settlement of accrued interest     321,345
Related Party [Member]        
Adjustments to reconcile net loss to net cash used in operating activities:        
Non-cash interest expense 175,517 214,830 513,977 55,086
Amortization of debt discount and issuance costs 787,470 719,913 2,410,735 485,717
Change in fair value of warrant liability (345,000) 115,000
Loss on modification of simple agreement for future equity   1,602,174
Change in fair value of simple agreement for future equity 1,212,557 (2,752,430) 4,078,431
Change in fair value of bifurcated embedded derivative liabilities (162,228) (3,063,278) 606,857
Change in fair value of bifurcated embedded derivative liabilities (340,913) (3,063,278) 606,857
Cash flows from financing activities:        
Proceeds from issuance of notes payable, net of issuance costs-related party 4,387,701
Proceeds from issuance of convertible notes, net of issuance costs 2,583,000 2,583,000 4,182,290
Non-cash investing and financing activities        
Modification of convertible notes payable-related party     9,909  
Shares issued under share transfer agreement-related party   2,498,965
Conversion of simple agreement for future equity   6,049,766
Conversion of convertible notes 2,540,091 7,271,368
Bifurcated embedded derivative liabilities at issuance   1,292,777
Convertible note issued in settlement of accrued interest     $ 100,538
Yorkville [Member]        
Non-cash investing and financing activities        
Conversion of convertible notes $ 2,002,000