v3.24.4
Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Dec. 31, 2022
Current Assets      
Cash and cash equivalents $ 5,585,835 $ 6,398,164 $ 6,977,114
Restricted cash   59,988
Accounts receivable, net 116,533 13,647 402,595
Inventory 818,717 1,177,456 1,745,211
Prepaid expenses and other current assets 486,490 460,177 349,097
Total Current Assets 7,007,575 8,049,444 9,534,005
Property and equipment, net 139,290 203,333 255,578
Right-of-use assets, net 65,758 113,761 182,363
Product development costs, net of amortization 1,491,460 1,269,021 646,644
Software development costs, net of amortization 1,827,839 1,299,901 364,018
Goodwill 3,143,662 3,143,662 10,958,662
Other intangible assets, net of amortization 2,366,711 2,938,058 3,699,854
Total Assets 16,042,295 17,017,180 25,641,124
Current Liabilities      
Accounts payable 549,126 901,624 673,052
Accrued expenses 1,181,386 1,151,198 1,740,490
Deferred Revenue 150,007  
Total Current Liabilities 1,880,519 2,052,822 2,413,542
Other long-term liabilities 51,842 440,263
Total Liabilities 1,880,519 2,104,664 2,853,805
Commitments and Contingencies  
Stockholders’ Equity      
Preferred stock, value
Common stock, value 1,187 216 48
Additional paid-in capital 117,497,385 112,946,891 106,070,253
Accumulated deficit (105,463,096) (100,160,891) (85,610,282)
Total Stockholders’ Equity 12,354,476 13,105,216 20,980,019
Total Liabilities, Series C Redeemable Preferred Stock and Stockholders’ Equity 16,042,295 17,017,180 25,641,124
Series C Redeemable Preferred Stock      
Series C Redeemable Preferred Stock      
Redeemable preferred stock, value 1,807,300 1,807,300 1,807,300
Series F Preferred Stock      
Stockholders’ Equity      
Preferred stock, value $ 319,000 $ 319,000 $ 520,000