Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.2
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 2,010,334 4,340,463
Accrued liabilities 4,047,550 3,946,386
Warranty liability 6,573,560 7,058,769
Warrant liability 33,529,599 1,822,819
Customer deposits 359,000 406,000
Duke financing obligation 1,340,700 1,340,700
Revolving loan 5,854,140
Total current liabilities 53,714,883 18,915,137
Long-term debt 8,572,182 8,312,079
Mandatory redeemable series B preferred stock 18,409,510
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
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 139,670,292 126,076,782
Accumulated deficit (184,764,188) (141,557,496)
Stockholders' equity (deficit), Total (45,027,814) (15,422,443)
Liabilities and Stockholders' Equity (Deficit), Total $ 35,668,761 $ 11,804,773