v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 205,074,876 $ 46,817,825
Restricted cash held in escrow 0 194,411,242
Investment in LMC 193,950,792 0
Accounts and lease receivable, less allowance for credit losses of zero at March 31, 2021 and December 31, 2020, respectively 1,141,799 1,132,164
Inventory, net 30,671,406 15,467,012
Prepaid expenses 36,572,534 32,759,216
Total current assets 467,411,407 290,587,459
Noncurrent assets    
Property, plant and equipment, net 12,351,789 11,398,166
Investment in LMC, net of current portion 0 330,556,744
Total Assets 479,763,196 632,542,369
Current liabilities:    
Accounts payable 6,373,149 4,790,763
Accrued liabilities 5,922,315 5,995,302
Warranty liability 5,255,043 5,400,000
PPP Term Note 0 1,411,000
Total current liabilities 17,550,507 17,597,065
Other long-term liabilities 207,040 207,040
Deferred tax liability 4,201,438 21,833,930
Convertible notes, at fair value 182,200,000 197,700,000
Total Liabilities 204,158,985 237,338,035
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 March 31, 2021 and December 31, 2020 0 0
Common stock, par value $0.001 per share, 250,000,000 shares authorized, 123,254,853 shares issued and outstanding as of March 31, 2021 and 121,922,532 shares issued and outstanding as of December 31, 2020 123,255 121,923
Additional paid-in capital 505,017,758 504,112,442
Accumulated deficit (229,536,802) (109,030,031)
Total stockholders' equity 275,604,211 395,204,334
Total Liabilities and Stockholders' Equity $ 479,763,196 $ 632,542,369

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