Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 58,550,105 $ 26,060,733
Accounts receivable, net 726,338 47,645
Inventory, net 1,146,718 1,152,105
Note receivable 2,000,000
Other current assets 1,064,958 629,030
Total current assets 63,488,119 27,889,513
Property and equipment, net 185,241 163,084
Other Assets:    
Intangible assets, net 292,716 379,530
Lease deposits 118,577 28,577
Operating lease right of use assets 833,852 51,065
Total other assets 1,245,145 459,172
Total assets 64,918,505 28,511,769
Current Liabilities:    
Accounts payable 1,871,858 2,368,203
Operating lease liabilities 476,487 56,168
Accrued expenses and other current liabilities 2,073,735 2,832,780
Secured promissory note, net of debt discount of $0 and $120,711, respectively   7,003,568
Deferred revenue 24,692 165,035
Notes payable   59,550
Total current liabilities 4,446,772 12,485,304
Long-Term Liabilities:    
Notes payable 300,000 906,541
Accrued interest 36,972 36,329
Operating lease liabilities, net of current 357,365
Total long-term liabilities 694,337 942,870
Total liabilities 5,141,109 13,428,174
Commitments and Contingencies
Preferred stock - par value $0.0001; 5,000,000 and 10,000,000 shares authorized; at June 30, 2021 and December 31, 2020, respectively, and none issued or outstanding at June 30, 2021 and December 31, 2020, respectively
Preferred stock, Series A - par value $0.0001; 5,000,000 shares authorized; none issued or outstanding at June 30, 2021 and December 31, 2020, respectively
Common stock - par value $0.0001; 116,666,667 shares authorized; 34,038,707 and 26,540,769 issued and outstanding at June 30, 2021 and December 31, 2020, respectively 3,404 2,654
Additional paid in capital 130,983,424 80,330,488
Accumulated deficit (71,209,432) (65,249,547)
Total stockholders’ equity 59,777,396 15,083,595
Total liabilities and stockholders’ equity $ 64,918,505 $ 28,511,769