Annual report pursuant to Section 13 and 15(d)

INCOME TAXES - Deferred Tax Assets and Liabilities (Details)

v3.22.4
INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Deferred Tax (Liabilities) Assets:    
Accrued expenses and reserves $ 4,528,418 $ 590,340
Warranty reserve 470,342 976,956
Inventory and prepaid purchase reserves 17,326,397 21,506,626
Non-qualified stock options (328,410) (160,921)
Property, plant and equipment   54,556
Property, plant and equipment (1,955,842)  
Research and experimental costs 4,435,891 0
Lease right-of-use assets (2,515,792) 0
Lease liability 2,175,883 0
Issuance fees on convertible notes 343,886 687,772
Federal tax credits 5,099,750 4,873,099
Net operating losses 66,112,929 45,143,740
Total Deferred Tax (Liabilities) Assets 95,693,452 73,672,168
Valuation Allowance (95,693,452) (73,672,168)
Total Deferred Tax Assets (Liabilities), net of valuation allowance $ 0 $ 0