v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 8,812,178 $ 11,414,830
Accounts receivable, net of allowance for credit losses of $0 2,782,650 1,226,757
Prepaid expenses and other 67,311 17,883
Total current assets 11,662,139 12,659,470
OTHER ASSETS    
Other assets 165,960 165,960
Operating lease right of use asset 1,102,967 882,024
TOTAL ASSETS 12,931,066 13,707,454
CURRENT LIABILITIES:    
Accounts payable - trade 2,179,847 759,480
Advances from founders 700,000 1,300,000
Accrued expenses 60,551 51,649
Current portion of operating lease liability 405,916 305,178
Deferred revenue- current portion 2,948,695 3,238,483
Total current liabilities 6,295,009 5,654,790
NON-CURRENT LIABILITIES:    
Operating lease liability, net of current portion 758,376 638,525
Warrant liability 18,659,435 34,180,618
Earnout liability 8,199,079 23,304,808
Deferred revenue- non-current 2,528,716 2,951,850
Total liabilities 36,440,615 66,730,591
STOCKHOLDERS' DEFICIT:    
Preferred stock - no par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of March 31, 2025 and December 31, 2024 0 0
Common stock - $0.0001 par value, 200,000,000 shares authorized, 31,844,471 and 30,588,413 shares issued and outstanding as of March 31, 2025 and December 31, 2024 3,182 3,056
Additional paid in capital 27,731,753 21,918,867
Accumulated deficit (51,233,605) (74,941,590)
Accumulated other comprehensive loss (10,879) (3,470)
Total stockholders' deficit (23,509,549) (53,023,137)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 12,931,066 $ 13,707,454

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