v3.24.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:        
Net loss $ (22,765,563) $ (15,959,530) $ (20,706,384) $ (29,517,198)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 596,256 369,971 505,898 450,505
Stock-based compensation 1,512,292 1,895,789 2,490,409 2,362,340
Change in fair value of convertible notes payable     0 15,388,097
Change in fair value of warrant liabilities (2,156,186) (1,002,647) (1,766,513)  
Change in fair value of derivative liability (141,100) 0    
Inventory reserve adjustments 28,012 754,840 840,467 (258,116)
Amortization of debt discount 2,218,506   416,636  
Amortization of deferred financing costs 551,431   105,924  
Loss on extinguishment of debt 11,685,125 0    
Changes in operating assets and liabilities:        
Accounts receivable 427,679 (142,704) (155,079) (103,925)
Inventories (203,497) (957,916) (1,613,781) (199,429)
Prepaid expenses and other current assets (370,806) (492,507) (268,118) 23,336
Operating lease right-of-use asset 285,476 231,463 319,426 292,932
Accounts payable 1,138,413 2,695,273 2,715,504 628,702
Accrued expenses 1,964,723 (447,024) 111,939 1,013,437
Contract liabilities (6,400) 51,325 (148,350) 5,700
Operating lease liability (264,200) (255,514) (388,141) (314,111)
Net cash used in operating activities (5,499,839) (13,259,181) (17,540,163) (10,227,730)
Cash Flows from Investing Activities:        
Purchase of property and equipment   (1,142,910) (1,167,751) (536,038)
Net cash used in investing activities   (1,142,910) (1,167,751) (536,038)
Cash Flows from Financing Activities:        
Proceeds from issuance of Legacy Nuburu convertible promissory notes   4,100,000 4,100,000 7,300,000
Proceeds from issuance of June 2023 Senior Convertible Notes and Warrants   9,225,000 9,225,000  
Proceeds from issuance of November 2023 Junior Notes and Warrants (net of original issue discount)     5,000,000  
Proceeds from the exercise of stock options   6,999 6,999 147,557
Restricted stock units used for tax withholdings (73,088) (31,595) (33,903)  
Proceeds from the issuance of Legacy Nuburu preferred stock   5,000   188,890
Proceeds from reverse recapitalization   3,243,079 3,243,079  
Proceeds from debt borrowings 743,000      
Proceeds from the issuance of preferred stock     5,000  
Proceeds from issuance of Common Stock from the Lincoln Park Purchase Agreement 200,000      
Proceeds from issuance of pre-funded warrants 2,139,866      
Payment of transaction costs related to the reverse recapitalization   (4,734,913) (4,734,913)  
Repayment of related party convertible promissory notes   (675,000) (675,000)  
Payment of offering costs related to the 2023 Note and Warrant Purchase Agreement   (25,000)    
Shareholder advances 644,936      
Payment of deferred financing costs (71,500) (65,000) (259,899)  
Net cash provided by financing activities 3,583,214 13,148,567 17,976,360 7,636,447
NET CHANGE IN CASH DURING THE PERIOD (1,916,625) (1,253,524) (731,554) (3,127,321)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 2,148,700 2,880,254 2,880,254 6,007,575
CASH AND CASH EQUIVALENTS - END OF PERIOD 232,075 1,626,730 2,148,700 2,880,254
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:        
Right-of-use assets obtained in exchange for new operating lease liabilities     263,939 934,583
Transfer of property and equipment from inventory 154,971   (430,666)  
Transfer of property and equipment from prepaid expenses     198,600  
Purchase of property and equipment in accounts payable and accrued expenses (540,028)   (540,028)  
Deferred financing costs included in accounts payable and accrued expenses 712,363   (681,845) $ (4,258,515)
Transaction costs related to the reverse recapitalization not yet paid 1,007,439 1,007,439 (1,007,439)  
Convertible promissory notes and warrants issuance costs included in accounts payable and accrued expenses   160,345    
Issuance of Common Stock upon extinguishment of debt $ 15,184,704      
Issuance of Common Stock upon conversion of preferred stock     65  
Issuance of Common Stock upon conversion of preferred stock in connection with the reverse recapitalization   11,575,286 11,575,286  
Lincoln Park [Member]        
Cash Flows from Financing Activities:        
Proceeds from issuance of Common Stock from the Lincoln Park Purchase Agreement   $ 2,099,997 $ 2,099,997