Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.22.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 40,890,769 $ 69,160,466
Accounts receivable, net 1,922,968 969,429
Marketable securities 17,970,906
Inventory, net 2,053,691 3,744,037
Prepaid expenses and other current assets 1,682,761 2,276,178
Total current assets 64,521,095 76,150,110
Property and equipment, net 1,065,953 835,160
Intangible assets, net 79,210 88,322
Operating lease – right-of-use asset 894,792 1,012,884
Deposits and other assets 41,289 41,288
Total assets 66,602,339 78,127,764
Current liabilities:    
Accounts payable 811,860 647,050
Accrued expenses 1,064,745 2,990,513
Current portion lease obligation – operating lease 154,203 206,426
Total current liabilities 2,030,808 3,843,989
Lease obligation - operating lease, net of current portion 779,363 859,543
Total liabilities 2,810,171 4,703,532
Stockholders’ equity:    
Preferred stock, value
Common Stock, ($0.0001 par value; authorized – 100,000,000 shares; issued and outstanding – 37,020,518 and 36,866,975 as of June 30, 2022 and December 31, 2021, respectively) 3,702 3,687
Additional paid-in capital 132,575,805 131,654,776
Accumulated deficit (68,787,339) (58,234,231)
Total stockholders’ equity 63,792,168 73,424,232
Total liabilities and stockholders’ equity 66,602,339 78,127,764
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