Quarterly report pursuant to Section 13 or 15(d)

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - RESTATED CONSOLIDATED STATEMENTS OF CASH FLOWS (Details)

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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - RESTATED CONSOLIDATED STATEMENTS OF CASH FLOWS (Details) - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (26,641,983) $ (7,190,470)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 88,490 42,557
Stock-based compensation 454,363 408,206
Change in fair value of warrants 14,960,346 (1,390,797)
Change in operating lease right-of-use asset 15,436 13,829
Changes in:    
Prepaid expenses and other current assets (448,959) (488,719)
Lease liability (4,639) (4,378)
Accounts payable and accrued liabilities (1,784,695) 1,426,102
Cash used in operating activities (13,361,641) (7,183,670)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant & equipment (21,633)  
Cash used in investing activities (21,633)  
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of warrants, net of issuance costs (Note 2) 43,849,467 3
Cash provided by financing activities 43,849,467 3
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 30,466,193 (7,183,667)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 9,564,988 19,866,358
CASH AND CASH EQUIVALENTS AT END OF PERIOD 40,031,181 $ 12,682,691
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION    
Settlement of warrants to equity 4,800,000  
Conversion of preferred stock to common stock 31,758,346  
As previously reported    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss (21,581,637)  
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 88,490  
Stock-based compensation 454,363  
Change in fair value of warrants 9,900,000  
Change in operating lease right-of-use asset 15,436  
Changes in:    
Prepaid expenses and other current assets (448,959)  
Lease liability (4,639)  
Accounts payable and accrued liabilities (1,784,695)  
Cash used in operating activities (13,361,641)  
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant & equipment (21,633)  
Cash used in investing activities (21,633)  
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of warrants, net of issuance costs (Note 2) 43,849,467  
Cash provided by financing activities 43,849,467  
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 30,466,193  
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 9,564,988  
CASH AND CASH EQUIVALENTS AT END OF PERIOD 40,031,181  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION    
Settlement of warrants to equity 4,800,000  
Conversion of preferred stock to common stock 31,758,346  
Restatement adjustments    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss (5,060,346)  
Adjustments to reconcile net loss to cash used in operating activities:    
Change in fair value of warrants $ 5,060,346