Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 23,519,496 $ 1,512,750
Lease receivable 42,244 48,271
Inventory 2,197,683 2,533,616
Prepaid expenses and deposits 1,720,319 2,274,595
Current assets, Total 27,479,742 6,369,232
Noncurrent assets:    
Property, plant and equipment, net of accumulated depreciation of $2,601,263 and $2,407,477 at June 30, 2019 and December 31, 2018 8,009,037 5,237,451
Lease receivable 179,982 198,090
Assets, Total 35,668,761 11,804,773
Current liabilities:    
Accounts payable 2,010,333 4,340,463
Accrued liabilities 4,047,550 3,946,386
Warranty liability 6,573,560 7,058,769
Warrant liability 15,876,415 1,822,819
Customer deposits 359,000 406,000
Duke financing obligation 1,340,700 1,340,700
Revolving loan 5,854,140 0
Total current liabilities 36,061,698 18,915,137
Long-term debt 8,572,182 8,312,079
Mandatory redeemable series B preferred stock 18,409,510 0
Commitments and Contingencies
Stockholders’ equity (deficit):    
Series A preferred stock, par value of $.001 per share 75,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2019 and December 31, 2018 0 0
Common stock, par value of $.001 per share 250,000,000 shares authorized, 66,081,812 shares issued and outstanding at June 30, 2019 and 58,270,934 shares issued and outstanding at December 31, 2018 66,082 58,271
Additional paid-in capital 140,527,364 126,076,782
Accumulated deficit (167,968,075) (141,557,496)
Stockholders' equity (deficit), Total (27,374,629) (15,422,443)
Liabilities and Stockholders' Equity (Deficit), Total $ 35,668,761 $ 11,804,773