Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 87,891,072 $ 36,537,097
Accounts receivable, net 1,057,534 765,850
Inventory, net 1,728,817 1,173,254
Prepaid expenses and other current assets 1,305,899 1,608,762
Total current assets 91,983,322 40,084,963
Property and equipment, net 947,974 611,312
Intangible assets, net 137,334 143,845
Operating lease – right-of-use asset 1,125,368 1,098,819
Deposits and other assets 41,289 22,491
Total assets 94,235,287 41,961,430
Current liabilities:    
Accounts payable 2,407,248 767,205
Accrued expenses 1,614,102 665,068
Contract liability 24,000
Current portion long-term debt, net 7,548
Current portion lease obligation – operating lease 245,801 123,139
Total current liabilities 4,267,151 1,586,960
Long-term debt, net 14,060
Lease obligation - operating lease, net of current portion 933,563 1,002,794
Total liabilities 5,200,714 2,603,814
Commitments and contingencies
Stockholders’ equity:    
Preferred Stock Value
Common Stock, ($0.0001 par value; authorized – 100,000,000 shares; issued and outstanding – 36,304,362 and 27,088,584 shares, as of June 30, 2021 and December 31, 2020) 3,630 2,709
Additional paid-in capital 127,483,342 64,509,724
Accumulated deficit (38,452,399) (25,154,817)
Total stockholders’ equity 89,034,573 39,357,616
Total liabilities and stockholders’ equity 94,235,287 41,961,430
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