v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 2,832,550 $ 14,979,436
Restricted cash 40,736 42,564
Accounts receivable, net 2,876,087 3,429,974
Inventory, net 8,878,734 2,186,646
Other current assets 2,540,740 2,967,619
Total current assets 17,168,847 23,606,239
Property and equipment, net 2,734,321 4,175,958
Other Assets:    
Goodwill, net of accumulated impairment charges 27,751,921 27,751,921
Intangible assets, net 28,222,161 31,329,182
Lease deposits and other assets 482,392 599,517
Operating lease right of use assets 3,799,014 4,701,865
Total other assets 60,255,488 64,382,485
Total assets 80,158,656 92,164,682
Current Liabilities:    
Accounts payable 4,021,804 5,177,022
Operating lease liabilities 771,943 685,099
Accrued expenses and other current liabilities 3,517,164 3,587,877
Notes payable, net of unamortized issuance costs of $558,785 and $0, respectively, related party 891,215
Convertible notes payable, net of unamortized debt discount and issuance cost of $965,066 and $1,968,411, respectively 27,824,724 25,692,505
Government grant liability 548,219 520,657
Deferred revenue 447,720 276,944
Total current liabilities 39,509,636 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 $0 and $391,718, respectively 2,812,156
Accrued interest 21,249 26,844
Government grant liability, net of current 1,895,434 2,229,047
Operating lease liabilities, net of current 5,254,623 5,800,710
Other liabilities 82,500
Total long-term liabilities 7,553,806 11,168,757
Total liabilities 47,063,442 47,108,861
Commitments and Contingencies (Note 11)
Redeemable noncontrolling interest 18,176,422 11,920,694
Stockholders’ Equity    
Preferred stock value
Common Stock - par value $0.0001; 300,000,000 shares authorized; 75,297,311 and 61,940,878 issued and outstanding, respectively September 30, 2024 and December 31, 2023, respectively 7,530 6,194
Additional paid in capital 240,943,416 231,488,999
Accumulated deficit (226,032,154) (198,360,066)
Total stockholders’ equity 14,918,792 33,135,127
Total liabilities and stockholders’ equity 80,158,656 92,164,682
Related Party    
Current Liabilities:    
Convertible notes payable, net of unamortized debt discount and issuance cost of $13,153 and $0, respectively, related party 1,486,847
Series A Preferred Stock    
Stockholders’ Equity    
Preferred stock value

Source

PDF HTML
10-Q Filing
ZIP XLS HTML
XBRL