v3.24.4
CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
Total
Lincoln Park [Member]
Convertible Preferred Stock [Member]
Legacy Nuburu Series C Preferred Stock [Member]
Previously Reported [Member]
Common Stock [Member]
Common Stock [Member]
Lincoln Park [Member]
Common Stock [Member]
Previously Reported [Member]
Additional Paid-in Capital [Member]
Additional Paid-in Capital [Member]
Lincoln Park [Member]
Additional Paid-in Capital [Member]
Legacy Nuburu Series C Preferred Stock [Member]
Additional Paid-in Capital [Member]
Previously Reported [Member]
Accumulated Deficit [Member]
Balance at the beginning (in shares) at Dec. 31, 2021 [1]     23,196,296                    
Balance at the beginning at Dec. 31, 2021     $ 4,036                    
Balance at the beginning (in shares) at Dec. 31, 2021 [1]           5,153,286              
Balance at the beginning at Dec. 31, 2021 $ 9,584,039         $ 999     $ 56,646,247       $ (47,063,207)
Issuance of Legacy Nuburu Series C preferred stock, shares [1]     41,407                    
Issuance of Legacy Nuburu Series C preferred stock     $ 4                    
Issuance of Common Stock and Preferred Stock       $ 188,886             $ 188,886    
Issuance of Common Stock from option exercises, shares [1]           403,571              
Issuance of Common Stock from option exercises 147,557         $ 78     147,479        
Stock-based compensation 2,362,340               2,362,340        
Net loss $ (29,517,198)       $ (14,129,101)               (29,517,198)
Balance at the ending (in shares) at Dec. 31, 2022 23,237,703   23,237,703 [1],[2]                    
Balance at the ending at Dec. 31, 2022 $ 4,040   $ 4,040   0                
Balance at the ending (in shares) at Dec. 31, 2022           138,922 [2],[3]   5,556,857 [1]          
Balance at the ending at Dec. 31, 2022 (17,234,376)       (1,842,239) $ 1,077   $ 13 59,344,952     $ 59,346,016 (76,580,405)
Issuance of Common Stock and Series A preferred stock upon conversion of convertible notes in connection with the reverse recapitalization (in Shares) [2]     1,361,787     34,045 [3]              
Issuance of Common Stock and Series A preferred stock upon conversion of convertible notes in connection with the reverse recapitalization 13,345,380   $ 13,617,870     $ 3     13,345,377        
Conversion of Legacy Nuburu convertible preferred stock into Common Stock in connection with the reverse recapitalization (in shares) [2]     (23,237,703)     580,943 [3]              
Conversion of Legacy Nuburu convertible preferred stock into Common Stock in connection with the reverse recapitalization 1,776   $ (4,040)     $ 59     1,717        
Issuance of Common Stock and Series A preferred stock upon the reverse recapitalization, net of issuance costs (in shares) [2]     1,481,666     80,844 [3]              
Issuance of Common Stock and Series A preferred stock upon the reverse recapitalization, net of issuance costs (18,071,768)   $ 14,816,660     $ 9     (18,071,777)        
Issuance of Common Stock and Series A preferred stock to satisfy certain reverse recapitalization costs (in shares) [2]     195,452     4,887 [3]              
Issuance of Common Stock and Series A preferred stock to satisfy certain reverse recapitalization costs (1,954,540)   $ 1,954,520           (1,954,540)        
Recognition of Public Warrants upon the reverse recapitalization (1,336,863)               (1,336,863)        
Stock-based compensation 463,978               463,978        
Net loss $ (4,767,517)                       (4,767,517)
Balance at the ending (in shares) at Mar. 31, 2023 3,038,905   3,038,905 [2]                    
Balance at the ending at Mar. 31, 2023 $ 30,389,050   $ 30,389,050   304                
Balance at the ending (in shares) at Mar. 31, 2023 [2],[3]           839,641              
Balance at the ending at Mar. 31, 2023 $ (29,553,930)       835,120 $ 84     51,793,908       (81,347,922)
Balance at the beginning (in shares) at Dec. 31, 2022 23,237,703   23,237,703 [1],[2]                    
Balance at the beginning at Dec. 31, 2022 $ 4,040   $ 4,040   0                
Balance at the beginning (in shares) at Dec. 31, 2022           138,922 [2],[3]   5,556,857 [1]          
Balance at the beginning at Dec. 31, 2022 (17,234,376)       (1,842,239) $ 1,077   $ 13 59,344,952     59,346,016 (76,580,405)
Net loss $ (15,959,530)                        
Balance at the ending (in shares) at Sep. 30, 2023 3,038,905   3,038,905 [2]                    
Balance at the ending at Sep. 30, 2023 $ 30,389,050   $ 30,389,050   304                
Balance at the ending (in shares) at Sep. 30, 2023 [2],[3]           888,869              
Balance at the ending at Sep. 30, 2023 $ (34,887,317)       (4,498,267) $ 88     57,652,530       (92,539,935)
Balance at the beginning (in shares) at Dec. 31, 2022 23,237,703   23,237,703 [1],[2]                    
Balance at the beginning at Dec. 31, 2022 $ 4,040   $ 4,040   0                
Balance at the beginning (in shares) at Dec. 31, 2022           138,922 [2],[3]   5,556,857 [1]          
Balance at the beginning at Dec. 31, 2022 (17,234,376)       (1,842,239) $ 1,077   $ 13 59,344,952     59,346,016 (76,580,405)
Issuance of Common Stock and Series A preferred stock upon conversion of convertible notes in connection with the reverse recapitalization (in Shares) [1]     1,361,787     1,361,787              
Issuance of Common Stock and Series A preferred stock upon conversion of convertible notes in connection with the reverse recapitalization 13,345,513   $ 13,617,870     $ 136     13,345,377        
Conversion of Legacy Nuburu convertible preferred stock into Common Stock in connection with the reverse recapitalization (in shares) [1]     (23,237,703)     23,237,703              
Conversion of Legacy Nuburu convertible preferred stock into Common Stock in connection with the reverse recapitalization 4,040   $ (4,040)     $ 2,323     1,717        
Issuance of Common Stock and Series A preferred stock upon the reverse recapitalization, net of issuance costs (in shares) [1]     1,481,666     3,233,745              
Issuance of Common Stock and Series A preferred stock upon the reverse recapitalization, net of issuance costs (18,074,185)   $ 14,816,660     $ (197)     (18,073,988)        
Issuance of Common Stock and Series A preferred stock to satisfy certain reverse recapitalization costs (in shares) [1]     195,452     195,452              
Issuance of Common Stock and Series A preferred stock to satisfy certain reverse recapitalization costs (1,954,520)   $ 1,954,520     $ 20     (1,954,540)        
Recognition of Public Warrants upon the reverse recapitalization (1,336,863)               (1,336,863)        
Issuance of Common Stock from the Lincoln Park Purchase Agreement, shares [1]             1,681,898            
Issuance of Common Stock from the Lincoln Park Purchase Agreement   $ 2,099,997         $ 167     $ 2,099,830      
Issuance of Common Stock warrants in Convertible Notes and Warrant Purchase Agreement 2,351,414               2,351,414        
Issuance of Common Stock upon conversion of convertible preferred stock (in Shares) [1]     (650,000)                    
Issuance of Common Stock upon conversion of convertible preferred stock     $ (6,500,000)                    
Issuance of Common Stock upon conversion of convertible preferred stock (in Shares) [1]           1,300,000              
Issuance of Common Stock upon conversion of convertible preferred stock $ 6,500,000         $ 130     6,499,870        
Issuance of Common Stock from option exercises, shares 5,153         5,153 [1]              
Issuance of Common Stock from option exercises $ 6,999         $ 1     6,998        
Issuance of Common Stock from releases of restricted stock units, shares [1]           391,651              
Issuance of Common Stock from releases of restricted stock units           $ 39     (39)        
Restricted stock units used for tax withholdings, shares [1]           (69,923)              
Restricted stock units used for tax withholdings (33,903)         $ (7)     (33,896)        
Stock-based compensation 2,490,409               2,490,409        
Net loss $ (20,706,384)                       (20,706,384)
Balance at the ending (in shares) at Dec. 31, 2023 2,388,905   2,388,905 [1]                    
Balance at the ending at Dec. 31, 2023 $ 23,889,050   $ 23,889,050   239                
Balance at the ending (in shares) at Dec. 31, 2023           36,894,323 [1]   922,362 [4]          
Balance at the ending at Dec. 31, 2023 $ (32,541,859)       (8,652,809) $ 3,689   $ 92 [4] 64,741,241     64,744,838 (97,286,789)
Balance at the beginning (in shares) at Mar. 31, 2023 3,038,905   3,038,905 [2]                    
Balance at the beginning at Mar. 31, 2023 $ 30,389,050   $ 30,389,050   304                
Balance at the beginning (in shares) at Mar. 31, 2023 [2],[3]           839,641              
Balance at the beginning at Mar. 31, 2023 (29,553,930)       835,120 $ 84     51,793,908       (81,347,922)
Issuance of Common Stock from the Lincoln Park Purchase Agreement, shares [2],[3]             42,048            
Issuance of Common Stock from the Lincoln Park Purchase Agreement   $ 2,099,997         $ 4     $ 2,099,993      
Issuance of Common Stock warrants in Convertible Notes and Warrant Purchase Agreement 2,351,414               2,351,414        
Issuance of Common Stock from option exercises, shares [2],[3]           129              
Issuance of Common Stock from option exercises 6,999               6,999        
Issuance of Common Stock from releases of restricted stock units, shares [2],[3]           391              
Stock-based compensation 796,783               796,783        
Net loss $ (6,106,712)                       (6,106,712)
Balance at the ending (in shares) at Jun. 30, 2023 3,038,905                        
Balance at the ending at Jun. 30, 2023 $ 30,389,050   $ 30,389,050   304                
Balance at the ending (in shares) at Jun. 30, 2023 [2]     3,038,905     882,209 [3]              
Balance at the ending at Jun. 30, 2023 (30,405,449)       (16,399) $ 88     57,049,097       (87,454,634)
Issuance of Common Stock from releases of restricted stock units, shares [2],[3]           8,165              
Issuance of Common Stock from releases of restricted stock units           $ 1     (1)        
Restricted stock units used for tax withholdings, shares [2],[3]           (1,505)              
Restricted stock units used for tax withholdings (31,595)         $ (1)     (31,594)        
Stock-based compensation 635,028               635,028        
Net loss $ (5,085,301)                       (5,085,301)
Balance at the ending (in shares) at Sep. 30, 2023 3,038,905   3,038,905 [2]                    
Balance at the ending at Sep. 30, 2023 $ 30,389,050   $ 30,389,050   304                
Balance at the ending (in shares) at Sep. 30, 2023 [2],[3]           888,869              
Balance at the ending at Sep. 30, 2023 $ (34,887,317)       (4,498,267) $ 88     57,652,530       (92,539,935)
Balance at the ending (in shares) at Dec. 31, 2023 2,388,905   2,388,905 [1]                    
Balance at the ending at Dec. 31, 2023 $ 23,889,050   $ 23,889,050   239                
Balance at the ending (in shares) at Dec. 31, 2023           36,894,323 [1]   922,362 [4]          
Balance at the ending at Dec. 31, 2023 (32,541,859)       (8,652,809) $ 3,689   $ 92 [4] 64,741,241     64,744,838 (97,286,789)
Issuance of Common Stock (in shares) [4]           40,000              
Issuance of Common Stock and Preferred Stock 200,000         $ 4 [4]     199,996        
Issuance of Common Stock from releases of restricted stock units, shares [4]           1,237              
Issuance of Common Stock from releases of restricted stock units           $ 1 [4]     (1)        
Restricted stock units used for tax withholdings, shares [4]           (285)              
Restricted stock units used for tax withholdings (1,873)         $ (1) [4]     (1,872)        
Stock-based compensation 614,115               614,115        
Net loss (5,700,653)                       (5,700,653)
Balance at the ending (in shares) at Mar. 31, 2024     2,388,905                    
Balance at the ending at Mar. 31, 2024     $ 23,889,050                    
Balance at the ending (in shares) at Mar. 31, 2024 [4]           963,314              
Balance at the ending at Mar. 31, 2024 $ (37,430,270)         $ 96 [4]     65,557,076       (102,987,442)
Balance at the beginning (in shares) at Dec. 31, 2023 2,388,905   2,388,905 [1]                    
Balance at the beginning at Dec. 31, 2023 $ 23,889,050   $ 23,889,050   239                
Balance at the beginning (in shares) at Dec. 31, 2023           36,894,323 [1]   922,362 [4]          
Balance at the beginning at Dec. 31, 2023 $ (32,541,859)       $ (8,652,809) $ 3,689   $ 92 [4] 64,741,241     $ 64,744,838 (97,286,789)
Issuance of Common Stock from option exercises, shares 0                        
Net loss $ (22,765,563)                        
Balance at the ending (in shares) at Sep. 30, 2024 2,388,905   2,388,905                    
Balance at the ending at Sep. 30, 2024 $ 23,889,050   $ 23,889,050                    
Balance at the ending (in shares) at Sep. 30, 2024 [4]           5,686,498              
Balance at the ending at Sep. 30, 2024 (36,343,647)         $ 569 [4]     83,708,136       (120,052,352)
Balance at the beginning (in shares) at Mar. 31, 2024     2,388,905                    
Balance at the beginning at Mar. 31, 2024     $ 23,889,050                    
Balance at the beginning (in shares) at Mar. 31, 2024 [4]           963,314              
Balance at the beginning at Mar. 31, 2024 (37,430,270)         $ 96 [4]     65,557,076       (102,987,442)
Issuance of Common Stock to extinguish debt, shares [4]           2,248,312              
Issuance of Common Stock to extinguish debt 13,356,412         $ 225 [4]     13,356,187        
Issuance of Common Stock from releases of restricted stock units, shares [4]           48,779              
Issuance of Common Stock from releases of restricted stock units           $ 5 [4]     (5)        
Restricted stock units used for tax withholdings, shares [4]           (13,082)              
Restricted stock units used for tax withholdings (70,713)         $ (1) [4]     (70,712)        
Issuance of pre-funded warrants 1,539,866               1,539,866        
Stock-based compensation 450,572               450,572        
Net loss (12,687,388)                       (12,687,388)
Balance at the ending (in shares) at Jun. 30, 2024     2,388,905                    
Balance at the ending at Jun. 30, 2024     $ 23,889,050                    
Balance at the ending (in shares) at Jun. 30, 2024 [4]           3,247,323              
Balance at the ending at Jun. 30, 2024 $ (34,841,521)         $ 325 [4]     80,832,984       (115,674,830)
Issuance of Common Stock to extinguish debt, shares [4]           2,399,850              
Fractional shares issued for stock split, shares [4]           25,635              
Common stock issued for services, shares 12,500         12,500 [4]              
Common stock issued for services $ 1         $ 1 [4]              
Fractional shares issued for stock split           3 [4]     (3)        
Issuance of Common Stock to extinguish debt 1,828,292         $ 240 [4]     1,828,052        
Issuance of Common Stock from releases of restricted stock units, shares [4]           1,491              
Restricted stock units used for tax withholdings, shares [4]           (301)              
Restricted stock units used for tax withholdings (502)               (502)        
Issuance of pre-funded warrants 600,000               600,000        
Stock-based compensation 447,605               447,605        
Net loss $ (4,377,522)                       (4,377,522)
Balance at the ending (in shares) at Sep. 30, 2024 2,388,905   2,388,905                    
Balance at the ending at Sep. 30, 2024 $ 23,889,050   $ 23,889,050                    
Balance at the ending (in shares) at Sep. 30, 2024 [4]           5,686,498              
Balance at the ending at Sep. 30, 2024 $ (36,343,647)         $ 569 [4]     $ 83,708,136       $ (120,052,352)
[1] The number of shares of convertible preferred stock and common stock issued and outstanding prior to the Business Combination have been retroactively adjusted by the Exchange Ratio to give effect to the reverse recapitalization treatment of the Business Combination. See Note 1 - Description of Business and Note 3 - Reverse Recapitalization for more information.
[2] The number of shares of convertible preferred stock and common stock issued and outstanding prior to the Business Combination have been retroactively adjusted by the Exchange Ratio to give effect to the reverse recapitalization treatment of the Business Combination. See Note 1 - Description of Business and Note 3 - Reverse Capitalization for more information.
[3] Periods presented have been adjusted to reflect the 1-for-40 reverse stock split on July 23, 2024. See Note 2 – Summary of Significant Accounting Policies for additional information.
[4] Periods presented have been adjusted to reflect the 1-for-40 reverse stock split on July 23, 2024. See Note 2 – Summary of Significant Accounting Policies for additional information.