v3.24.1.1.u2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 14,548,561 $ 14,979,436
Restricted cash 42,148 42,564
Accounts receivable, net 2,125,568 3,429,974
Inventory, net 3,759,574 2,186,646
Other current assets 3,030,706 2,967,619
Total current assets 23,506,557 23,606,239
Property and equipment, net 4,839,649 4,175,958
Other Assets:    
Goodwill, net of accumulated impairment charges 27,751,921 27,751,921
Intangible assets, net 30,301,298 31,329,182
Accounts receivable, net of current 155,560
Lease deposits 596,235 599,517
Operating lease right of use assets 4,464,304 4,701,865
Total other assets 63,269,318 64,382,485
Total assets 91,615,524 92,164,682
Current Liabilities:    
Accounts payable 5,573,595 5,177,022
Operating lease liabilities 673,267 685,099
Accrued expenses and other current liabilities 3,218,858 3,587,877
Convertible note payable, net of unamortized debt discount and issuance cost of $1,569,835 and $1,968,411, respectively 27,378,288 25,692,505
Government grant liability 640,095 520,657
Deferred revenue 460,047 276,944
Total current liabilities 37,944,150 35,940,104
Long-Term Liabilities:    
Notes payable 300,000 300,000
Convertible notes payable, net of current, net of debt discount and issuance cost of $250,768 and $391,718, respectively 1,665,899 2,812,156
Accrued interest 23,294 26,844
Government grant liability, net of current 2,184,002 2,229,047
Operating lease liabilities, net of current 5,729,743 5,800,710
Other liabilities 82,500
Total long-term liabilities 9,985,438 11,168,757
Total liabilities 47,929,588 47,108,861
Commitments and Contingencies (Note 11)
Temporary Equity    
Redeemable noncontrolling interest 15,922,284 11,920,694
Stockholders’ Equity    
Preferred stock value
Common Stock - par value $0.0001; 300,000,000 shares authorized as of March 31, 2024 and December 31, 2023, respectively, and 65,564,484 and 61,940,878 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 6,556 6,194
Additional paid in capital 235,993,246 231,488,999
Accumulated deficit (208,236,150) (198,360,066)
Total stockholders’ equity 27,763,652 33,135,127
Total liabilities and stockholders’ equity 91,615,524 92,164,682
Series A Preferred Stock    
Stockholders’ Equity    
Preferred stock value

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