Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenues, net $ 957,851 $ 5,468,964 $ 1,582,860 $ 8,064,955
Cost of goods sold 1,148,746 2,397,188 2,168,737 3,966,283
Gross profit (190,895) 3,071,776 (585,877) 4,098,672
Operating expenses:        
General and administration 4,163,987 5,316,848 8,062,076 10,783,959
Sales and marketing 1,308,705 1,743,588 2,629,854 2,981,073
Research and development 2,640,003 4,508,005 6,152,978 11,482,984
Total operating expenses 8,112,695 11,568,441 16,844,908 25,248,016
Operating loss (8,303,590) (8,496,665) (17,430,785) (21,149,344)
Other income (expense), net        
Other income (expense), net 257 (11,430) (2,067) (11,430)
Change in fair value of government grant liability 623,409 115,034 549,017 81,817
Interest income 87,276 184,777 7,345
Interest expense (703,551) (541,393) (1,486,162) (2,303,649)
Foreign exchange gain (loss), net 26,463 (23,632) 39,400 (38,376)
Total other income (expense), net 33,854 (461,421) (715,035) (2,264,293)
Loss before income taxes (8,269,736) (8,958,086) (18,145,820) (23,413,637)
Provision for income taxes
Net loss (8,269,736) (8,958,086) (18,145,820) (23,413,637)
Less preferred dividends attributable to noncontrolling interest 390,000 724,138
Less deemed dividends attributable to accretion of redemption value 718,494 1,357,140
Net loss attributable to common stockholders $ (9,378,230) $ (8,958,086) $ (20,227,098) $ (23,413,637)
Net loss per share - basic (in Dollars per share) $ (0.14) $ (0.18) $ (0.31) $ (0.47)
Weighted average number of common shares outstanding, basic (in Shares) 66,377,505 51,112,218 64,706,314 49,414,425