Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 167,047,876 $ 201,647,394
Accounts and lease receivable, less allowance for credit losses of zero at March 31, 2022 and December 31, 2021 51,429 149,776
Inventory, net 12,677,469 10,067,367
Prepaid expenses and other current assets 8,872,177 4,357,829
Total current assets 188,648,951 216,222,366
Property, plant and equipment, net 10,738,355 7,897,807
Lease right-of-use assets 10,012,515 1,538,852
Other assets 126,310 2,479,865
Total Assets 209,526,131 228,138,890
Current liabilities:    
Accounts payable 6,258,630 7,849,607
Accrued liabilities and other 9,945,712 14,752,827
Warranty liability 4,315,463 4,583,916
Current portion of lease liabilities 975,466 363,714
Total current liabilities 21,495,271 27,550,064
Lease liabilities, long-term 6,763,734 1,191,053
Convertible notes, at fair value 25,072,357 24,705,000
Total Liabilities 53,331,362 53,446,117
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, 2022 and December 31, 2021 0 0
Common stock, par value $0.001 per share, 250,000,000 shares authorized, 151,993,870 shares issued and outstanding as of March 31, 2022 and 151,915,455 shares issued and outstanding as of December 31, 2021 151,994 151,916
Additional paid-in capital 688,472,154 686,318,201
Accumulated deficit (532,429,379) (510,374,844)
Accumulated other comprehensive loss 0 (1,402,500)
Total stockholders’ equity 156,194,769 174,692,773
Total Liabilities and Stockholders’ Equity $ 209,526,131 $ 228,138,890