BALANCE SHEET COMPONENTS (Tables)
|
9 Months Ended |
12 Months Ended |
Sep. 30, 2024 |
Dec. 31, 2023 |
| Balance Sheet Related Disclosures [Abstract] |
|
|
| Schedule of Inventories |
Inventories, net as of September 30, 2024 and December 31, 2023 consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
September 30,
2024 |
|
|
December 31,
2023 |
|
Raw materials and supplies |
|
$ |
1,913,013 |
|
|
$ |
1,973,634 |
|
Work-in-process |
|
|
161,137 |
|
|
|
158,346 |
|
Finished goods |
|
|
613,789 |
|
|
|
457,752 |
|
Inventories, gross |
|
|
2,687,939 |
|
|
|
2,589,732 |
|
Less: inventory reserve |
|
|
(1,161,469 |
) |
|
|
(1,133,457 |
) |
Inventories, net |
|
$ |
1,526,470 |
|
|
$ |
1,456,275 |
|
|
Inventories, net as of December 31, 2023 and 2022 consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
December 31,
2023 |
|
|
December 31,
2022 |
|
Raw materials and supplies |
|
$ |
1,973,634 |
|
|
$ |
1,011,421 |
|
Work-in-process |
|
|
158,346 |
|
|
|
15,213 |
|
Finished goods |
|
|
457,752 |
|
|
|
239,051 |
|
Inventories, gross |
|
|
2,589,732 |
|
|
|
1,265,685 |
|
Less: inventory reserve |
|
|
(1,133,457 |
) |
|
|
(292,990 |
) |
Inventories, net |
|
$ |
1,456,275 |
|
|
$ |
972,695 |
|
|
| Schedule of Property and Equipment, Net |
Property and equipment, net as of September 30, 2024 and December 31, 2023 consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
September 30,
2024 |
|
|
December 31,
2023 |
|
Machinery and equipment |
|
$ |
7,311,625 |
|
|
$ |
7,179,629 |
|
Leasehold improvements |
|
|
897,948 |
|
|
|
897,948 |
|
Furniture and office equipment |
|
|
205,897 |
|
|
|
205,897 |
|
Computer equipment and software |
|
|
197,386 |
|
|
|
197,386 |
|
Property and equipment, gross |
|
|
8,612,856 |
|
|
|
8,480,860 |
|
Less: accumulated depreciation and amortization |
|
|
(3,475,821 |
) |
|
|
(2,829,884 |
) |
Property and equipment, net |
|
$ |
5,137,035 |
|
|
$ |
5,650,976 |
|
|
Property and equipment, net as of December 31, 2023 and 2022 consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
December 31,
2023 |
|
|
December 31,
2022 |
|
Machinery and equipment |
|
$ |
7,179,629 |
|
|
$ |
4,827,626 |
|
Leasehold improvements |
|
|
897,948 |
|
|
|
810,248 |
|
Furniture and office equipment |
|
|
205,897 |
|
|
|
180,747 |
|
Computer equipment and software |
|
|
197,386 |
|
|
|
136,282 |
|
Property and equipment, gross |
|
|
8,480,860 |
|
|
|
5,954,903 |
|
Less: accumulated depreciation and amortization |
|
|
(2,829,884 |
) |
|
|
(2,183,054 |
) |
Property and equipment, net |
|
$ |
5,650,976 |
|
|
$ |
3,771,849 |
|
|
| Schedule of Prepaid Expenses and Other Current Assets |
Prepaid expenses and other current assets as of September 30, 2024 and December 31, 2023 consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
September 30,
2024 |
|
|
December 31,
2023 |
|
Prepaid insurance |
|
$ |
488,523 |
|
|
$ |
61,342 |
|
Other prepaid assets |
|
|
34,074 |
|
|
|
94,653 |
|
Other current assets |
|
|
4,464 |
|
|
|
260 |
|
Total prepaid expenses and other current assets |
|
$ |
527,061 |
|
|
$ |
156,255 |
|
|
Prepaid expenses and other current assets as of December 31, 2023 and 2022 consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
December 31,
2023 |
|
|
December 31,
2022 |
|
Prepaid insurance |
|
$ |
61,342 |
|
|
$ |
— |
|
Other prepaid assets |
|
|
94,653 |
|
|
|
34,889 |
|
Other current assets |
|
|
260 |
|
|
|
11,848 |
|
Total prepaid expenses and other current assets |
|
$ |
156,255 |
|
|
$ |
46,737 |
|
|
| Schedule of Accrued Liabilities |
Accrued liabilities as of September 30, 2024 and December 31, 2023 consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
September 30,
2024 |
|
|
December 31,
2023 |
|
Accrued payroll and related benefits |
|
$ |
403,574 |
|
|
$ |
754,904 |
|
Accrued legal, accounting and professional fees |
|
|
2,500,983 |
|
|
|
838,865 |
|
Accrued transaction costs related to the reverse recapitalization |
|
|
503,600 |
|
|
|
503,600 |
|
Accrued taxes payable |
|
|
196,842 |
|
|
|
89,346 |
|
Accrued interest |
|
|
625,599 |
|
|
|
337,913 |
|
Other |
|
|
212,581 |
|
|
|
225,677 |
|
Total accrued expenses |
|
$ |
4,443,179 |
|
|
$ |
2,750,305 |
|
|
Accrued expenses as of December 31, 2023 and 2022 consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
December 31,
2023 |
|
|
December 31,
2022 |
|
Accrued payroll and related benefits |
|
$ |
754,904 |
|
|
$ |
636,009 |
|
Accrued legal, accounting and professional fees |
|
|
838,865 |
|
|
|
548,569 |
|
Accrued transaction costs related to the reverse recapitalization |
|
|
503,600 |
|
|
|
651,818 |
|
Accrued taxes payable |
|
|
89,346 |
|
|
|
108,516 |
|
Accrued interest |
|
|
337,913 |
|
|
|
175,288 |
|
Other |
|
|
225,677 |
|
|
|
191,918 |
|
Total accrued expenses |
|
$ |
2,750,305 |
|
|
$ |
2,312,118 |
|
|