v3.24.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 7,983,346 $ 10,986,592
Restricted cash 210,000 551,250
Accounts receivable, net of allowance for doubtful accounts of $70,359 and $62,451 at December 31, 2023 and 2022, respectively 203,303 864,957
Inventory 8,973,134 5,645,883
Inventory deposits 258,316 427,662
Prepaid expenses and other current assets 1,904,197 1,850,666
Total current assets 19,532,296 20,327,010
Long-term assets:    
Property and equipment, net 1,258,607 601,766
Intangible assets, net 0 5,813
Other long-term assets 199,281 285,037
Right-of-use asset - operating lease 1,136,213 1,505,987
Total assets 22,126,397 22,725,613
Current liabilities:    
Accounts payable 831,184 1,036,628
Accrued liabilities 3,128,906 2,045,239
Accrued purchase commitments 0 28,600
Current portion of notes payable 15,278 18,670
Convertible notes, net of issuance costs 30,149,579 17,353,748
Warrant liabilities 5,971,067 0
Right-of-use operating lease liability, short-term 399,611 391,117
Customer deposits 417,485 23,471
Total current liabilities 40,913,110 20,897,472
Notes payable, net of discount and current portion 69,138 50,116
Right-of-use operating lease liability, long-term 775,170 1,143,011
Total liabilities 41,757,418 22,090,599
COMMITMENTS AND CONTINGENCIES
Stockholders’ equity (deficit):    
Preferred stock: $0.00001 par value, 5,000,000 shares authorized, no shares outstanding 0 0
Common stock: $0.00001 par value, 250,000,000 shares authorized, 1,030,070 shares issued and outstanding as of December 31, 2023, 108,562 shares issued and outstanding as of December 31, 2022 10 1
Additional paid-in capital 101,175,107 76,369,939
Accumulated deficit (120,806,138) (75,734,927)
Total stockholders’ equity (deficit) (19,631,021) 635,013
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 22,126,397 $ 22,725,613

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