v3.22.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 13,999,965 $ 5,572,199
Accounts receivable 107,982 25,585
Inventory 3,728,446 2,209,015
Inventory deposits 1,587,656 1,981,397
Prepaid expenses and other current assets 1,749,570 1,092,860
Total current assets 21,173,619 10,881,057
Long term assets:    
Property and equipment, net 921,835 809,734
Intangible assets, net 10,172 18,053
Other long-term assets 742,263 732,810
Right of use assets - operating leases 2,199,009 2,182,612
Total assets 25,046,898 14,624,265
Current liabilities:    
Accounts payable 1,489,200 1,454,103
Accrued liabilities 1,863,240 771,631
Accrued purchase commitments 899,194 1,506,976
Current portion of notes payable 16,961 17,201
Right of use operating lease liabilities, short term 584,083 456,207
Customer deposits 1,060,724 2,277,607
Total current liabilities 5,913,402 6,483,725
Notes payable, net of discount and current portion 64,260 68,785
Right of use operating lease liabilities, long term 1,697,983 1,767,506
Total liabilities 7,675,645 8,320,017
COMMITMENTS AND CONTINGENCIES
Stockholders' equity:    
Preferred stock: $0.00001 par value, 5,000,000 shares authorized, 2,900,000 shares designated no shares outstanding 0 0
Common stock: $0.00001 par value, 100,000,000 shares authorized, 24,109,244 shares issued and outstanding as of March 31, 2022, 17,309,187 issued and outstanding as of December 31, 2021 195 128
Additional paid-in capital 67,482,925 47,803,643
Accumulated deficit (50,111,867) (41,499,522)
Total stockholders’ equity 17,371,253 6,304,249
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 25,046,898 $ 14,624,265

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