Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.19.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,512,750 $ 4,069,477
Accounts receivable, less allowance for doubtful accounts of $0 at December 31, 2018 and 2017 1,013,423
Lease receivable current 48,271 45,300
Inventory 2,533,616 4,621,942
Prepaid expenses and deposits 2,274,595 946,134
Current assets, Total 6,369,232 10,696,276
Property, plant and equipment, net 5,237,451 5,596,013
Lease receivable long-term 198,090 212,004
Assets, Total 11,804,773 16,504,293
Current liabilities:    
Accounts payable 4,340,463 5,657,771
Accrued liabilities 3,946,386 284,115
Warranty liability 7,058,769 142,560
Warrant liability 1,822,819
Customer deposits 406,000 54,405
Duke financing obligation 1,340,700
Current portion of long-term debt 381,497
Current liabilities, other than notes payable 18,915,137 6,520,348
Principal amount of notes payable 5,750,000
Less unamortized discount and debt issuance costs 987,500
Notes payable less unamortized discount and debt issuance costs 4,762,500
Long-term debt 8,312,079 1,709,881
Stockholders' equity (deficit):    
Series A preferred stock, par value of $.001 per share 75,000,000 shares authorized, 0 shares issued and outstanding at December 31, 2018 and December 31, 2017
Common stock, par value of $.001 per share 100,000,000 shares authorized, 58,270,934 shares issued and outstanding at December 31, 2018 and 41,529,181 shares issued and outstanding at December 31, 2017 58,271 41,529
Additional paid-in capital 126,076,782 107,760,036
Accumulated deficit (141,557,496) (104,290,001)
Stockholders' equity (deficit), Total (15,422,443) 3,511,564
Liabilities and Stockholders' Equity (Deficit), Total $ 11,804,773 $ 16,504,293