Summary of Significant Account Policies (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
|---|
| Summary of Significant Account Policies [Abstract] |
|
| Schedule of inventory |
| |
|
December 31,
2022 |
|
|
December 31,
2021 |
|
| Raw Material |
|
$ |
2,041,776 |
|
|
$ |
1,153,254 |
|
| Work in Process |
|
|
89,080 |
|
|
|
65,192 |
|
| Finished Goods |
|
|
142,415 |
|
|
|
60,153 |
|
| Less Inventory Reserves |
|
|
(100,254 |
) |
|
|
(100,254 |
) |
| Total Inventory, Net |
|
$ |
2,173,017 |
|
|
$ |
1,178,345 |
|
|
| Schedule of disaggregated revenues |
| |
|
Years Ended
December 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Type of Revenue |
|
|
|
|
|
|
| Product revenue |
|
$ |
872,660 |
|
|
$ |
405,570 |
|
| Service and subscription revenue |
|
|
319,140 |
|
|
|
96,933 |
|
| Development revenue |
|
|
934,017 |
|
|
|
2,401,474 |
|
| Other revenue |
|
|
- |
|
|
|
2,794 |
|
| Total revenue |
|
$ |
2,125,817 |
|
|
$ |
2,906,771 |
|
| |
|
Years Ended
December 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Timing of Revenue |
|
|
|
|
|
|
| Revenue recognized point in time |
|
$ |
872,660 |
|
|
$ |
438,413 |
|
| Revenue recognized over time |
|
|
1,253,157 |
|
|
|
2,468,358 |
|
| Total revenue |
|
$ |
2,125,817 |
|
|
$ |
2,906,771 |
|
|
| Schedule of contract liabilities |
| |
|
Years Ended
December 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Balance, beginning of year |
|
$ |
512,397 |
|
|
$ |
165,035 |
|
| Additions |
|
|
527,268 |
|
|
|
2,238,137 |
|
| Transfer to revenue |
|
|
(978,157 |
) |
|
|
(1,890,775 |
) |
| Balance, end of year |
|
$ |
61,508 |
|
|
$ |
512,397 |
|
|
| Schedule of lease costs |
| |
|
Years ended
December 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Components of total lease costs: |
|
|
|
|
|
|
| Operating lease expense |
|
$ |
1,151,453 |
|
|
$ |
522,012 |
|
| Common area maintenance expense |
|
|
103,691 |
|
|
|
42,738 |
|
| Short-term lease costs (1) |
|
|
48,870 |
|
|
|
45,498 |
|
| Total lease costs |
|
$ |
1,304,014 |
|
|
$ |
610,248 |
|
| (1) |
Represents short-term leases
with an initial term of 12 months or less, which are immaterial. |
|
| Schedule of ROU lease assets and lease liabilities |
| |
|
December 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Assets: |
|
|
|
|
|
|
| Operating lease assets |
|
$ |
2,930,996 |
|
|
$ |
836,025 |
|
| Total lease assets |
|
$ |
2,930,996 |
|
|
$ |
836,025 |
|
| |
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
| Operating lease liabilities, current |
|
$ |
580,593 |
|
|
$ |
550,525 |
|
| Operating lease liabilities, net of current |
|
|
2,456,315 |
|
|
|
241,677 |
|
| Total lease liabilities |
|
$ |
3,036,908 |
|
|
$ |
792,202 |
|
|
| Schedule of other Information |
| |
|
Years ended
December 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Operating cash flows for operating leases |
|
$ |
878,627 |
|
|
$ |
525,938 |
|
| |
|
|
|
|
|
|
|
|
| Weighted average remaining lease term (in years)- operating lease |
|
|
5.86 |
|
|
|
1.48 |
|
| Weighted average discount rate – operating lease |
|
|
5.78 |
% |
|
|
10.93 |
% |
|
| Schedule of future lease payments |
| Years ending December 31, |
|
|
|
| 2023 |
|
$ |
730,592 |
|
| 2024 |
|
|
508,208 |
|
| 2025 |
|
|
513,900 |
|
| 2026 |
|
|
529,320 |
|
| 2027 |
|
|
545,250 |
|
| Thereafter |
|
|
752,490 |
|
| Total future minimum lease payments |
|
$ |
3,579,760 |
|
| Lease imputed interest |
|
|
(542,852 |
) |
| Total |
|
$ |
3,036,908 |
|
|
| Schedule of diluted net loss per share |
| |
|
Years Ended
December 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Warrants to purchase common stock |
|
|
1,901,802 |
|
|
|
3,305,854 |
|
| Options to purchase common stock |
|
|
2,412,286 |
|
|
|
687,448 |
|
| Potential shares issuable under 2022 Convertible Promissory Notes |
|
|
24,177,835 |
|
|
|
- |
|
| Restricted stock units |
|
|
1,111,617 |
|
|
|
1,958,172 |
|
| Total potentially dilutive securities |
|
|
29,603,540 |
|
|
|
5,951,474 |
|
|