v3.24.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 25,845,915 $ 99,276,301
Restricted cash 10,000,000 0
Accounts receivable, less allowance for credit losses of $0.2 million and zero at December 31, 2023 and 2022, respectively 4,470,209 2,079,343
Other receivable 0 15,000,000
Inventory, net 45,408,192 8,850,142
Prepaid expenses and other current assets 8,101,162 14,152,481
Total current assets 93,825,478 139,358,267
Property, plant and equipment, net 37,876,955 21,501,095
Investment in Tropos 0 10,000,000
Lease right-of-use assets 9,795,981 11,706,803
Other assets 176,310 176,310
Total Assets 141,674,724 182,742,475
Current liabilities:    
Accounts payable 12,456,272 10,235,345
Accrued liabilities and other 4,862,740 46,207,431
Deferred revenue, current 4,714,331 3,375,000
Warranty liability 1,902,647 2,207,674
Current portion of lease liability 3,560,612 1,285,032
Warrant liability 5,605,325 0
Current portion of convertible notes 20,180,100 0
Total current liabilities 53,282,027 63,310,482
Deferred revenue, long-term 0 2,005,000
Lease liability, long-term 5,280,526 8,840,062
Total Liabilities 58,562,553 74,155,544
Commitments and contingencies
Stockholders’ Equity    
Series A preferred stock, par value of $0.001 per share, 75,000,000 shares authorized, zero shares issued and outstanding at December 31, 2023 and 2022 0 0
Common stock, par value of $0.001 per share, 450,000,000 and 250,000,000 shares authorized, 285,980,843 and 165,605,355 shares issued and outstanding at December 31, 2023 and 2022, respectively 285,981 165,605
Additional paid-in capital 834,394,441 736,070,388
Accumulated deficit (751,568,251) (627,649,062)
Total stockholders' equity 83,112,171 108,586,931
Total Liabilities and Stockholders' Equity $ 141,674,724 $ 182,742,475

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