v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 62,379,740 $ 99,276,301
Accounts receivable, less allowance for credit losses of $2.4 million and zero as of June 30, 2023 and December 31, 2022 2,837,242 2,079,343
Other receivable 15,000,000 15,000,000
Inventory, net 34,623,566 8,850,142
Prepaid expenses and other current assets 9,450,740 14,152,481
Total current assets 124,291,288 139,358,267
Property, plant and equipment, net 31,300,436 21,501,095
Investment in Tropos 10,000,000 10,000,000
Lease right-of-use assets 11,158,562 11,706,803
Other assets 176,310 176,310
Total Assets 176,926,596 182,742,475
Current liabilities:    
Accounts payable 10,228,919 10,235,345
Accrued and other current liabilities 43,049,743 46,207,431
Accrued commissions 1,406,250 3,375,000
Warranty liability 1,922,580 2,207,674
Current portion of lease liabilities 1,486,417 1,285,032
Total current liabilities 58,093,909 63,310,482
Deferred revenue, long-term 3,368,831 2,005,000
Lease liability, long-term 8,076,135 8,840,062
Total Liabilities 69,538,875 74,155,544
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, 2023 and December 31, 2022 0 0
Common stock, par value $0.001 per share, 250,000,000 shares authorized, 205,221,154 shares issued and outstanding as of June 30, 2023 and 165,605,355 shares issued and outstanding as of December 31, 2022 205,221 165,605
Additional paid-in capital 782,848,275 736,070,388
Accumulated deficit (675,665,775) (627,649,062)
Total stockholders’ equity 107,387,721 108,586,931
Total Liabilities and Stockholders’ Equity $ 176,926,596 $ 182,742,475

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