Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 15,283,557 $ 40,815,123
Accounts receivable, net 821,159 1,213,195
Inventory, net 1,431,816 1,178,345
Other current assets 1,643,969 1,449,610
Total current assets 19,180,501 44,656,273
Property and equipment, net 4,296,034 1,031,999
Other Assets:    
Goodwill 45,026,583 45,026,583
Intangible assets, net 29,612,392 25,169,489
Long-term equity investment 1,500,000 500,000
Lease deposits 218,206 218,206
Operating lease right of use assets 3,182,266 836,025
Total other assets 79,539,447 71,750,303
Total assets 103,015,982 117,438,575
Current Liabilities:    
Accounts payable 3,398,477 2,411,085
Operating lease liabilities 698,217 550,525
Accrued expenses and other current liabilities 1,862,812 1,149,907
Deferred revenue 343,944 512,397
Total current liabilities 6,303,450 4,623,914
Long-Term Liabilities:    
Notes payable 300,000 300,000
Accrued interest 38,481 40,152
Operating lease liabilities, net of current 2,571,353 241,677
Total long-term liabilities 2,909,834 581,829
Total liabilities 9,213,284 5,205,743
Commitments and Contingencies (Note 12)
Stockholders’ Equity    
Preferred stock - par value $0.0001; 5,000,000 shares authorized at September 30, 2022 and December 31, 2021, respectively, and none issued or outstanding at September 30, 2022 and December 31, 2021, respectively
Preferred stock, Series A - par value $0.0001; 5,000,000 shares authorized at September 30, 2022 and December 31, 2021, respectively, and none issued or outstanding at September 30, 2022 and December 31, 2021, respectively
Common stock - par value $0.0001; 116,666,667 shares authorized; 42,682,335 and 40,990,604 issued and outstanding at September 30, 2022 and December 31, 2021, respectively 4,268 4,099
Additional paid in capital 209,051,984 192,502,122
Accumulated deficit (115,253,554) (80,273,389)
Total stockholders’ equity 93,802,698 112,232,832
Total liabilities and stockholders’ equity $ 103,015,982 $ 117,438,575