v3.24.1.u1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 3,571,048 $ 7,983,346
Restricted cash 105,000 210,000
Accounts receivable, net of allowance for doubtful accounts of $84,408 and $70,359 at March 31, 2024 and December 31, 2023, respectively 284,951 203,303
Inventory 8,944,314 8,973,134
Inventory deposits 754,157 258,316
Prepaid expenses and other current assets 1,406,940 1,904,197
Total current assets 15,066,410 19,532,296
Long-term assets:    
Property and equipment, net 1,074,859 1,258,607
Other long-term assets 199,281 199,281
Right-of-use assets - operating leases 1,039,625 1,136,213
Total assets 17,380,175 22,126,397
Current liabilities:    
Accounts payable 324,702 831,184
Accrued liabilities 3,413,311 3,128,906
Current portion of notes payable 6,594 15,278
Convertible notes, net of issuance costs 0 30,149,579
Warrant liabilities 8,587,923 5,971,067
Right-of- use operating lease liabilities, short-term 410,221 399,611
Customer deposits 147,568 417,485
Total current liabilities 12,890,319 40,913,110
Notes payable, net of current portion 33,995 69,138
Right-of-use operating lease liabilities, long-term 668,669 775,170
Total liabilities 13,592,983 41,757,418
COMMITMENTS AND CONTINGENCIES
Stockholders’ equity (deficit):    
Preferred stock: $0.00001 par value, 5,000,000 shares authorized, 25,000 shares designated, 22,410 shares issued and outstanding as of March 31, 2024 and no shares issued or outstanding as of December 31, 2023 0 0
Common stock: $0.00001 par value, 250,000,000 shares authorized, 18,748,955 shares issued and outstanding as of March 31, 2024 and 1,030,070 shares issued and outstanding as of December 31, 2023 187 10
Additional paid-in capital 150,641,187 101,175,107
Accumulated deficit (146,854,182) (120,806,138)
Total stockholders’ equity (deficit) 3,787,192 (19,631,021)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 17,380,175 $ 22,126,397

Source

PDF HTML
10-Q Filing
ZIP XLS HTML
XBRL