Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 34,263,371 $ 9,564,988
Prepaid expenses and other current assets 1,635,818 888,225
Total current assets 35,899,189 10,453,213
Property, plant & equipment, net 910,131 1,090,304
Operating lease right-of-use asset 454,166 502,283
Other long-term assets 29,780 29,780
TOTAL ASSETS 37,293,266 12,075,580
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 8,304,311 9,178,645
Warrant liability 11,929,242 16,120,898
Lease liability, current 80,821 58,979
Total current liabilities 20,314,374 25,358,522
Long-term lease liability, net of current portion 431,929 494,003
TOTAL LIABILITIES 20,746,303 25,852,525
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock, $0.00001 par value; 170,000,000 shares authorized; 40,566,534 and 20,744,110 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 406 207
Additional paid-in capital 246,536,080 182,924,210
Accumulated deficit (244,987,090) (202,761,017)
Total stockholders' equity (deficit) 15,164,940 (15,158,968)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 37,293,266 12,075,580
Series D preferred stock    
MEZZANINE EQUITY:    
Series D preferred stock, 111.11 shares authorized, issued and outstanding as of September 30, 2024 and December 31, 2023 1,382,023 1,382,023
Series E-2 Preferred Stock    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock 2,188,434 $ 4,677,632
Series E-3 preferred stock    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock 4,369,317  
Series E-4 preferred stock    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock $ 7,057,793