Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 20,971,982 $ 29,775,096
Restricted cash 39,909
Accounts receivable, net 4,894,247 104,276
Inventory, net 2,580,166 2,173,017
Note receivable 2,000,000
Other current assets 1,785,250 1,749,613
Total current assets 30,271,554 35,802,002
Property and equipment, net 5,443,910 3,023,285
Other Assets:    
Goodwill, net 27,671,921 25,606,983
Intangible assets, net 32,444,883 28,863,773
Long-term equity investment 1,500,000 1,500,000
Deposits and other assets 651,741 218,206
Operating lease right of use assets 2,661,009 2,930,996
Total other assets 64,929,554 59,119,958
Total assets 100,645,018 97,945,245
Current Liabilities:    
Accounts payable 5,472,062 2,965,829
Operating lease liabilities 564,878 580,593
Accrued expenses and other current liabilities 2,640,357 3,268,993
Convertible note payable, net of unamortized debt discount and issuance cost of $2,532,734 and $2,303,664, respectively 26,065,390 15,849,445
Government grant liability 471,276
Deferred revenue 341,018 61,508
Total current liabilities 35,554,981 22,726,368
Long-Term Liabilities:    
Notes payable 300,000 300,000
Convertible notes payable, net of current, net of unamortized debt discount and issuance cost of $528,713 and $948,201, respectively 4,262,954 14,198,690
Accrued interest 36,218 40,965
Government grant liability, net of current 2,012,984
Operating lease liabilities, net of current 2,252,884 2,456,315
Total long-term liabilities 8,865,040 16,995,970
Total liabilities 44,420,021 39,722,338
Commitments and Contingencies (Note 12)
Temporary Equity    
Redeemable noncontrolling interest 11,029,479
Preferred stock value
Common Stock - par value $0.0001; 116,666,667 shares authorized; 55,184,623 and 44,108,661 issued and outstanding, respectively September 30, 2023 and December 31, 2022, respectively 5,518 4,411
Additional paid in capital 229,411,292 211,733,690
Accumulated deficit (184,221,292) (153,515,194)
Total stockholders’ equity 45,195,518 58,222,907
Total liabilities, temporary equity, and stockholders’ equity 100,645,018 97,945,245
Series A Preferred Stock    
Temporary Equity    
Preferred stock value