Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 24,026,187 $ 26,060,733
Accounts receivable, net 19,226 47,645
Inventory, net 1,152,247 1,152,105
Other current assets 1,003,482 629,030
Total current assets 26,201,142 27,889,513
Property and equipment, net 196,223 163,084
Other Assets:    
Intangible assets, net 332,603 379,530
Lease deposits 118,577 28,577
Deferred offering costs 99,958  
Operating lease right of use assets 51,065
Total other assets 551,138 459,172
Total assets 26,948,503 28,511,769
Current Liabilities:    
Accounts payable 1,934,803 2,368,203
Operating lease liabilities 56,168
Accrued expenses and other current liabilities 2,181,299 2,832,780
Secured promissory note, net of debt discount of $59,914 and $120,711, respectively 7,064,364 7,003,568
Deferred revenue 56,184 165,035
Notes payable 104,343 59,550
Total current liabilities 11,340,993 12,485,304
Long-Term Liabilities:    
Notes payable 861,748 906,541
Accrued interest 36,829 36,329
Total long-term liabilities 898,577 942,870
Total liabilities 12,239,570 13,428,174
Commitments and Contingencies
Stockholders’ Equity    
Preferred stock, value
Common stock - par value $0.0001; 116,666,667 shares authorized; 26,672,040 and 26,540,769 issued and outstanding, respectively March 31, 2021 and December 31, 2020, respectively 2,667 2,654
Additional paid in capital 83,093,932 80,330,488
Accumulated deficit (68,387,666) (65,249,547)
Total stockholders’ equity 14,708,933 15,083,595
Total liabilities and stockholders’ equity 26,948,503 28,511,769
Series A Preferred Stock    
Stockholders’ Equity    
Preferred stock, value