Quarterly report pursuant to Section 13 or 15(d)

RESTATED CONDENSED CONSOLIDATED BALANCE SHEETS

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RESTATED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 40,031,181 $ 9,564,988
Prepaid expenses and other current assets 1,337,184 888,225
Total current assets 41,368,365 10,453,213
Property, plant & equipment, net 1,023,447 1,090,304
Operating lease right-of-use asset 486,847 502,283
Other long-term assets 29,780 29,780
TOTAL ASSETS 42,908,439 12,075,580
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 7,393,950 9,178,645
Warrant liability 21,083,028 16,120,898
Lease liability, current 73,994 58,979
Total current liabilities 28,550,972 25,358,522
Long-term lease liability, net of current portion 474,349 494,003
TOTAL LIABILITIES 29,025,321 25,852,525
COMMITMENTS AND CONTINGENCIES (Note 7)
MEZZANINE EQUITY:    
Series D preferred stock, 111.11 shares authorized; 111.11 shares issued and outstanding as of March 31, 2024 and December 31, 2023 1,382,023 1,382,023
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock, $0.00001 par value; 170,000,000 shares authorized; 33,164,466 and 20,744,110 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 332 207
Additional paid-in capital 224,836,048 182,924,210
Accumulated deficit (229,403,000) (202,761,017)
Total stockholders' equity (deficit) 12,501,095 (15,158,968)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 42,908,439 12,075,580
Series E-2 preferred stock    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock 3,474,286 $ 4,677,632
Series E-3 preferred stock    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock $ 13,593,429