v3.22.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 43,494,716 $ 69,160,466
Accounts receivable, net 1,203,820 969,429
Marketable securities 19,977,899
Inventory, net 3,857,403 3,744,037
Prepaid expenses and other current assets 2,589,170 2,276,178
Total current assets 71,123,008 76,150,110
Property and equipment, net 864,306 835,160
Intangible assets, net 82,281 88,322
Operating lease – right-of-use asset 954,233 1,012,884
Deposits and other assets 41,289 41,288
Total assets 73,065,117 78,127,764
Current liabilities:    
Accounts payable 616,151 647,050
Accrued expenses 1,985,049 2,990,513
Current portion lease obligation – operating lease 180,333 206,426
Total current liabilities 2,781,533 3,843,989
Lease obligation - operating lease, net of current portion 820,521 859,543
Total liabilities 3,602,054 4,703,532
Stockholders’ equity:    
Convertible Preferred Stock Series H-6, ($.0001 par value; authorized – 50,000 shares; issued and outstanding – 50 as of March 31, 2022 and December 31, 2021, respectively)
Common Stock, ($0.0001 par value; authorized – 100,000,000 shares; issued and outstanding – 36,909,956 and 36,866,956 as of March 31, 2022 and December 31, 2021, respectively) 3,691 3,687
Additional paid-in capital 132,272,263 131,654,776
Accumulated deficit (62,812,891) (58,234,231)
Total stockholders’ equity 69,463,063 73,424,232
Total liabilities and stockholders’ equity 73,065,117 78,127,764
Convertible Preferred Stock Series H [Member]    
Stockholders’ equity:    
Convertible Preferred Stock Series H-6, ($.0001 par value; authorized – 50,000 shares; issued and outstanding – 50 as of March 31, 2022 and December 31, 2021, respectively)
Convertible Preferred Stock Series H-3 [Member]    
Stockholders’ equity:    
Convertible Preferred Stock Series H-6, ($.0001 par value; authorized – 50,000 shares; issued and outstanding – 50 as of March 31, 2022 and December 31, 2021, respectively)
Convertible Preferred Stock Series H-6 [Member]    
Stockholders’ equity:    
Convertible Preferred Stock Series H-6, ($.0001 par value; authorized – 50,000 shares; issued and outstanding – 50 as of March 31, 2022 and December 31, 2021, respectively)

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