v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 156,610,794 $ 46,817,825
Restricted cash held in escrow 0 194,411,242
Investment in LMC 182,251,126 0
Accounts and lease receivable, less allowance for credit losses of zero at June 30, 2021 and December 31, 2020, respectively 1,954,609 1,132,164
Inventory, net 49,505,118 15,467,012
Prepaid expenses 40,259,135 32,759,216
Total current assets 430,580,782 290,587,459
Noncurrent assets    
Property, plant and equipment, net 13,891,532 11,398,166
Investment in LMC 0 330,556,744
Total Assets 444,472,314 632,542,369
Current liabilities:    
Accounts payable 7,542,280 4,790,763
Accrued liabilities 5,195,889 5,995,302
Warranty liability 4,866,213 5,400,000
PPP Term Note 0 1,411,000
Total current liabilities 17,604,382 17,597,065
Other long-term liabilities 207,040 207,040
Deferred tax liability 2,919,491 21,833,930
Convertible notes, at fair value 200,900,000 197,700,000
Total Liabilities 221,630,913 237,338,035
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, 2021 and December 31, 2020 0 0
Common stock, par value $0.001 per share, 250,000,000 shares authorized, 123,414,045 shares issued and outstanding as of June 30, 2021 and 121,922,532 shares issued and outstanding as of December 31, 2020 123,414 121,923
Additional paid-in capital 506,073,876 504,112,442
Accumulated deficit (273,155,889) (109,030,031)
Accumulated other comprehensive loss (10,200,000) 0
Total stockholders’ equity 222,841,401 395,204,334
Total Liabilities and Stockholders’ Equity $ 444,472,314 $ 632,542,369

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