Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 9,261,151 $ 1,512,750
Restricted cash 900,000 0
Lease receivable 42,860 48,271
Inventory, net 2,388,988 2,533,616
Prepaid expenses and deposits 6,355,690 2,274,595
Total current assets 18,948,689 6,369,232
Noncurrent assets    
Property, plant and equipment, net of accumulated depreciation of $2,588,647 and $2,407,477 at September 30, 2019 and December 31, 2018 8,923,635 5,237,451
Lease receivable 169,638 198,090
Total Assets 28,041,962 11,804,773
Current liabilities:    
Accounts payable 995,510 4,340,463
Accrued liabilities 3,996,365 3,946,386
Warranty liability 6,506,971 7,058,769
Warrant liability 19,901,139 1,822,819
Customer deposits 334,000 406,000
Duke financing obligation 1,340,700 1,340,700
Current portion of long-term debt 6,354,140 0
Total current liabilities 39,428,825 18,915,137
Long-term debt 8,205,270 8,312,079
Mandatory redeemable series B preferred stock 18,772,628 0
Commitments and contingencies
Stockholders’ equity (deficit):    
Series A preferred stock, par value $0.001 per share, 75,000,000 shares authorized, 0 shares issued and outstanding at September 30, 2019 and December 31, 2018 0 0
Common stock, par value $0.001 per share,,250,000,000 shares authorized, 66,189,613 shares issued and outstanding at September 30, 2019 and 58,270,934 at December 31, 2018 66,190 58,271
Additional paid-in capital 141,030,711 126,076,782
Accumulated deficit (179,461,662) (141,557,496)
Total stockholders' equity (deficit) (38,364,761) (15,422,443)
Total Liabilities and Stockholders' Equity (Deficit) $ 28,041,962 $ 11,804,773