v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 4,910,267 $ 7,491,123
Restricted cash 215,117 215,117
Accounts receivable 198,829
Inventories, net 2,375,187 2,516,760
Prepaid expenses and other current assets 194,537 196,141
Assets held for sale 4,306,896
Total current assets 12,200,833 10,419,141
Property and equipment, net 11,030,080 15,037,798
Operating lease right of use asset, net 293,162 390,686
Security deposit 26,193 40,280
Total Assets 23,550,268 25,887,905
Current Liabilities:    
Accounts payable 1,505,559 2,215,078
Accrued liabilities 951,750 794,253
Contract liabilities 12,500 80,000
Finance lease liabilities 223,745 221,929
Operating lease liabilities 327,693 436,730
Total current liabilities 3,021,247 3,747,990
Economic Injury Disaster Loan 499,900 499,900
Finance lease liabilities - noncurrent 2,366,543 2,423,165
Total Liabilities 5,887,690 6,671,055
Stockholders’ equity:    
Preferred stock: 10,000,000 authorized; $0.001 par value; no shares issued and outstanding
Common stock: 50,000,000 authorized; $0.001 par value; 1,487,445 issued and outstanding 1,487 1,487
Additional paid-in capital 44,664,286 44,608,318
Accumulated deficit (27,003,195) (25,392,955)
Total stockholders’ equity 17,662,578 19,216,850
Total Liabilities and Stockholders’ Equity $ 23,550,268 $ 25,887,905

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