Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 4,934,999 $ 14,979,436
Restricted cash 40,375 42,564
Accounts receivable, net 2,291,244 3,429,974
Inventory, net 4,955,773 2,186,646
Other current assets 2,851,753 2,967,619
Total current assets 15,074,144 23,606,239
Property and equipment, net 5,492,025 4,175,958
Other Assets:    
Goodwill, net of accumulated impairment charges 27,751,921 27,751,921
Intangible assets, net 29,257,930 31,329,182
Lease deposits and other assets 709,207 599,517
Operating lease right of use assets 4,235,709 4,701,865
Total other assets 61,954,767 64,382,485
Total assets 82,520,936 92,164,682
Current Liabilities:    
Accounts payable 4,272,009 5,177,022
Operating lease liabilities 687,507 685,099
Accrued expenses and other current liabilities 3,203,750 3,587,877
Convertible note payable, net of unamortized debt discount and issuance cost of $1,254,478 and $1,968,411, respectively 28,878,645 25,692,505
Government grant liability 548,219 520,657
Deferred revenue 285,279 276,944
Total current liabilities 37,875,409 35,940,104
Long-Term Liabilities:    
Notes payable 300,000 300,000
Convertible notes payable, net of current, net of unamortized debt discount and issuance cost of $110,946 and $391,718, respectively 370,721 2,812,156
Accrued interest 22,421 26,844
Government grant liability, net of current 1,809,127 2,229,047
Operating lease liabilities, net of current 5,637,461 5,800,710
Other liabilities 82,500
Total long-term liabilities 8,222,230 11,168,757
Total liabilities 46,097,639 47,108,861
Commitments and Contingencies (Note 11)
Temporary Equity    
Redeemable noncontrolling interest 17,030,778 11,920,694
Stockholders’ Equity    
Preferred stock value
Common Stock - par value $0.0001; 300,000,000 shares authorized; 66,550,712 and 61,940,878 issued and outstanding, respectively June 30, 2024 and December 31, 2023, respectively 6,655 6,194
Additional paid in capital 235,891,750 231,488,999
Accumulated deficit (216,505,886) (198,360,066)
Total stockholders’ equity 19,392,519 33,135,127
Total liabilities and stockholders’ equity 82,520,936 92,164,682
Series A Preferred Stock    
Stockholders’ Equity    
Preferred stock value