v3.23.3
Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 3,287,902 $ 39,096,562
Restricted Cash 10,000,000
Marketable securities 34,627,782 9,848,804
Accounts receivable, net 143,990 510,071
Inventory, net 4,346,610 970,381
Prepaid expenses and other current assets 3,085,303 1,478,845
Total current assets 55,491,588 51,904,663
Property and equipment, net 3,499,299 2,192,337
Operating lease – right-of-use asset 716,957 819,401
Deposits and other assets 90,642 73,683
Total assets 59,798,486 54,990,084
Current liabilities:    
Accounts payable 826,924 1,107,215
Accrued expenses 992,966 964,937
Current portion lease obligation – operating lease 192,170 165,767
Total current liabilities 2,012,060 2,237,919
Derivative liability 1,931,000
Warrant liability 20,065,440
Lease obligation - operating lease, net of current portion 552,728 693,776
Total liabilities 24,561,228 2,931,695
Commitments and contingencies
Series H-7 Convertible redeemable preferred stock, ($0.0001 par value and $1,000 face value, 22,000 shares authorized; 22,000 shares issued and outstanding at September 30, 2023, and 0 shares at December 31, 2022, respectively). Liquidation preference of $22,244,000 as of September 30, 2023 7,925,309
STOCKHOLDERS’ EQUITY    
Preferred stock, value
Common Stock, $0.0001 par value; authorized – 200,000,000 shares; issued and outstanding – 4,890,137 and 4,655,205 as of September 30, 2023 and December 31, 2022, respectively) 489 466
Additional paid-in capital 132,549,618 133,227,507
Accumulated deficit (105,238,158) (81,169,584)
Total stockholders’ equity 27,311,949 52,058,389
Total liabilities, mezzanine equity and stockholders’ equity 59,798,486 54,990,084
Convertible Preferred Stock Series H [Member]    
STOCKHOLDERS’ EQUITY    
Preferred stock, value
Convertible Preferred Stock Series H-3 [Member]    
STOCKHOLDERS’ EQUITY    
Preferred stock, value
Convertible Preferred Stock Series H-6 [Member]    
STOCKHOLDERS’ EQUITY    
Preferred stock, value

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