Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 25,868,907 $ 9,564,988
Prepaid expenses and other current assets 2,036,453 888,225
Total current assets 27,905,360 10,453,213
Property, plant & equipment, net 978,701 1,090,304
Operating lease right-of-use asset 470,816 502,283
Other long-term assets 29,780 29,780
TOTAL ASSETS 29,384,657 12,075,580
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 6,463,208 9,178,645
Warrant liability 8,627,597 16,120,898
Lease liability, current 77,348 58,979
Total current liabilities 15,168,153 25,358,522
Long-term lease liability, net of current portion 453,508 494,003
TOTAL LIABILITIES 15,621,661 25,852,525
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDERS' (DEFICIT) EQUITY:    
Common stock, $0.00001 par value; 170,000,000 shares authorized; 35,848,924 and 20,744,110 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 358 207
Additional paid-in capital 234,859,383 182,924,210
Accumulated deficit (230,322,371) (202,761,017)
Total stockholders' (deficit) equity 12,380,973 (15,158,968)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY 29,384,657 12,075,580
Series D preferred stock    
MEZZANINE EQUITY:    
Series D preferred stock, 111.11 shares authorized, issued and outstanding as of June 30, 2024 and December 31, 2023 1,382,023 1,382,023
Series E-2 Preferred Stock    
STOCKHOLDERS' (DEFICIT) EQUITY:    
Series E-2 preferred stock, 1,225.00 shares authorized; 237.50 and 319.76 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 3,474,286 $ 4,677,632
Series E-3 preferred stock    
STOCKHOLDERS' (DEFICIT) EQUITY:    
Series E-2 preferred stock, 1,225.00 shares authorized; 237.50 and 319.76 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively $ 4,369,317