v3.24.2.u1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 5,308,611 $ 25,845,915
Restricted cash 0 10,000,000
Accounts receivable, less allowance for credit losses of $0.2 million and $0.2 million as of June 30, 2024 and December 31, 2023, respectively 760,504 4,470,209
Inventory, net 46,503,385 45,408,192
Prepaid expenses and other current assets 6,902,370 8,101,162
Total current assets 59,474,870 93,825,478
Property, plant and equipment, net 36,497,886 37,876,955
Lease right-of-use assets 9,227,564 9,795,981
Other assets 176,310 176,310
Total Assets 105,376,630 141,674,724
Current liabilities:    
Accounts payable 10,501,569 12,456,272
Accrued and other current liabilities 6,335,271 4,862,740
Deferred revenue, current 6,954,581 4,714,331
Warranty liability 642,326 1,902,647
Current portion of lease liabilities 3,028,889 3,560,612
Warrant liability 4,580,442 5,605,325
Current portion of convertible notes 9,649,030 20,180,100
Total current liabilities 41,692,108 53,282,027
Lease liabilities, long-term 5,047,565 5,280,526
Total Liabilities 46,739,673 58,562,553
Commitments and contingencies
Stockholders’ Equity:    
Series A preferred stock, par value $0.001 per share, 75,000,000 shares authorized, zero shares issued and outstanding as of June 30, 2024 and December 31, 2023 0 0
Common stock, par value $0.001 per share, 450,000,000 shares authorized, 20,738,091 shares issued and outstanding as of June 30, 2024 and 14,299,042 shares issued and outstanding as of December 31, 2023 (presented on a reverse stock split-adjusted basis) 20,738 14,299
Additional paid-in capital 865,660,256 834,666,123
Accumulated deficit (807,044,037) (751,568,251)
Total stockholders’ equity 58,636,957 83,112,171
Total Liabilities and Stockholders’ Equity $ 105,376,630 $ 141,674,724

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