Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 2,847,936 $ 1,512,750
Accounts receivable, less allowance for doubtful accounts of $0 at March 31, 2019 and December 31, 2018 362,350
Lease receivable 41,375 48,271
Inventory 2,490,798 2,533,616
Prepaid expenses and deposits 2,048,834 2,274,595
Current assets, Total 7,791,293 6,369,232
Noncurrent assets:    
Property, plant and equipment, net 5,140,764 5,237,451
Lease receivable 193,774 198,090
Assets, Total 13,125,831 11,804,773
Current liabilities:    
Accounts payable 3,639,233 4,340,463
Accrued liabilities 3,900,388 3,946,386
Warranty liability 6,911,167 7,058,769
Warrant liability 2,390,884 1,822,819
Customer deposits 394,000 406,000
Duke financing obligation 1,340,700 1,340,700
Revolving loan 4,104,140
Total current liabilities 22,680,512 18,915,137
Long-term debt 8,441,129 8,312,079
Stockholders' equity (deficit):    
Series A preferred stock, par value of $.001 per share 75,000,000 shares authorized, 0 shares issued and outstanding at March 31, 2019 and December 31, 2018
Common stock, par value of $.001 per share 100,000,000 shares authorized, 61,496,990 shares issued and outstanding at March 31, 2019 and 58,270,934 shares issued and outstanding at December 31, 2018 61,497 58,271
Additional paid-in capital 129,764,361 126,076,782
Accumulated deficit (147,821,668) (141,557,496)
Stockholders' equity (deficit), Total (17,995,810) (15,422,443)
Liabilities and Stockholders' Equity (Deficit), Total $ 13,125,831 $ 11,804,773