v3.24.3
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 6,515,688 $ 3,124,413
Accounts receivable, net of allowance for credit losses of $0 1,121,862 1,648,904
Prepaid expenses and other 373,498 18,368
Income tax receivable 0 7,230
Total current assets 8,011,048 4,798,915
PROPERTY AND EQUIPMENT, NET 0 1,861
OTHER ASSETS    
Other assets 155,432 182,333
Operating lease right of use asset 929,890 1,104,804
TOTAL ASSETS 9,096,370 6,087,913
CURRENT LIABILITIES:    
Accounts payable - trade 722,742 2,908,472
Advances from founders 1,750,000 1,750,000
Accrued expenses 121,978 200,531
Senior Secured Convertible Promissory Notes 1,793,360 2,825,366
Current portion of operating lease liability 267,660 174,876
Deferred revenue- current portion 3,326,543 4,008,654
Total current liabilities 7,982,283 11,867,899
NON-CURRENT LIABILITIES:    
Operating lease liability, net of current portion 718,393 943,702
Warrant liability 3,501,543 667,985
Earnout liability 6,229,390 5,133,428
Deferred revenue- non-current 3,585,344 4,962,126
Total liabilities 22,016,953 23,575,140
STOCKHOLDERS' DEFICIT:    
Preferred stock - no par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of September 30, 2024 and December 31, 2023 0 0
Common stock - $0.0001 par value, 200,000,000 shares authorized, 26,954,871 and 22,812,048 shares issued and outstanding as of September 30, 2024 and December 31, 2023 2,692 2,281
Additional paid in capital 11,845,413 0
Accumulated deficit (24,765,218) (17,476,700)
Accumulated other comprehensive loss (3,470) (12,808)
Total stockholders' deficit (12,920,583) (17,487,227)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 9,096,370 $ 6,087,913

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