v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 38,865,065 $ 99,276,301
Accounts receivable, less allowance for credit losses of zero as of September 30, 2023 and December 31, 2022, respectively 7,424,346 2,079,343
Other receivable 0 15,000,000
Inventory, net 40,783,292 8,850,142
Prepaid expenses and other current assets 10,705,904 14,152,481
Total current assets 97,778,607 139,358,267
Property, plant and equipment, net 37,465,094 21,501,095
Investment in Tropos 0 10,000,000
Lease right-of-use assets 10,878,500 11,706,803
Other assets 176,310 176,310
Total Assets 146,298,511 182,742,475
Current liabilities:    
Accounts payable 11,936,156 10,235,345
Accrued and other current liabilities 5,858,754 46,207,431
Deferred revenue, current 4,736,831 3,375,000
Warranty liability 1,777,520 2,207,674
Current portion of lease liabilities 1,561,769 1,285,032
Total current liabilities 25,871,030 63,310,482
Deferred revenue, long-term 0 2,005,000
Lease liability, long-term 7,658,788 8,840,062
Total Liabilities 33,529,818 74,155,544
Commitments and contingencies (Note 13)
Stockholders’ Equity:    
Series A preferred stock, par value $0.001 per share, 75,000,000 shares authorized, zero shares issued and outstanding as of September 30, 2023 and December 31, 2022 0 0
Common stock, par value $0.001 per share, 450,000,000 shares authorized, 255,382,128 shares issued and outstanding as of September 30, 2023 and 250,000,000 shares authorized, 165,605,355 shares issued and outstanding as of December 31, 2022 255,382 165,605
Additional paid-in capital 818,824,798 736,070,388
Accumulated deficit (706,311,487) (627,649,062)
Total stockholders’ equity 112,768,693 108,586,931
Total Liabilities and Stockholders’ Equity $ 146,298,511 $ 182,742,475

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