v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 80,222,741 $ 23,868,416
Restricted cash held in escrow 0 1,000,000
Accounts receivable, less allowance for doubtful accounts of $41,583 and zero at September 30, 2020 and December 31, 2019, respectively 527,796 7,921
Lease receivable, current 33,100 33,100
Inventory, net 5,965,710 1,798,146
Prepaid expenses 12,959,268 4,812,088
Total current assets 99,708,615 31,519,671
Noncurrent assets    
Property, plant and equipment, net 7,545,291 6,830,181
Investment in LMC 13,059,700 12,194,800
Lease receivable, long-term 134,694 129,177
Total Assets 120,448,300 50,673,829
Current liabilities:    
Accounts payable 1,467,778 1,678,983
Accrued liabilities 4,295,753 3,105,184
Warranty liability 3,565,942 6,001,864
Warrant liability 0 16,335,000
Customer deposits 77,000 303,000
Current portion of long-term debt 862,278 0
Current portion of convertible notes, at fair value 121,817,001 19,620,000
Total current liabilities 132,085,752 47,044,031
Long-term debt 548,722 0
Convertible notes, at fair value 0 19,400,000
Mandatorily redeemable Series B preferred stock 0 19,142,908
Commitments and contingencies
Stockholders’ deficit:    
Series A preferred stock, par value $0.001 per share, 75,000,000 shares authorized, zero shares issued and outstanding as of September 30, 2020 and December 31, 2019 0 0
Common stock, par value $0.001 per share, 250,000,000 shares authorized, 114,963,145 shares issued and outstanding as of September 30, 2020 and 67,105,000 shares issued and outstanding as of December 31, 2019 114,964 67,105
Additional paid-in capital 376,111,332 143,826,315
Accumulated deficit (389,512,470) (178,806,530)
Accumulated other comprehensive income 1,100,000 0
Total stockholders' deficit (12,186,174) (34,913,110)
Total Liabilities and Stockholders' Deficit 120,448,300 50,673,829
Allowance for doubtful accounts $ 41,583 $ 0

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