v3.23.3
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 2,425,820 $ 10,986,592
Restricted cash 551,250 551,250
Accounts receivable, net of allowance for doubtful accounts of $118,689 and $62,451 at September 30, 2023 and December 31, 2022, respectively 206,447 864,957
Inventory 7,051,537 5,645,883
Inventory deposits 406,743 427,662
Prepaid expenses and other current assets 2,807,355 1,850,666
Total current assets 13,449,152 20,327,010
Long term assets:    
Property and equipment, net 1,264,166 601,766
Intangible assets, net 1,453 5,813
Other long-term assets 199,281 285,037
Right-of-use assets - operating leases 1,231,092 1,505,987
TOTAL ASSETS 16,145,144 22,725,613
Current liabilities:    
Accounts payable 3,470,898 1,036,628
Accrued liabilities 1,809,092 2,045,239
Exercised Warrants - Shares to be issued 537,250 0
Accrued Purchase commitments 0 28,600
Current portion of notes payable 14,910 18,670
Convertible notes, net of issuance costs 29,709,960 17,353,748
Right-of-use operating lease liabilities, short-term 423,849 391,117
Customer deposits 201,005 23,471
Total current liabilities 36,166,964 20,897,472
Notes payable, net of current portion 73,099 50,116
Right-of-use operating lease liabilities, long-term 845,117 1,143,011
Total liabilities 37,085,180 22,090,599
COMMITMENTS AND CONTINGENCIES
Stockholders' (deficit) equity:    
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, 6,403,166 shares issued and outstanding at September 30, 2023 and 100,000,000 shares authorized, 4,885,252 shares issued and outstanding as of December 31, 2022 63 48
Additional paid-in capital 96,450,387 76,369,892
Accumulated deficit (117,390,486) (75,734,927)
Total stockholders’ (deficit) equity (20,940,036) 635,013
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY $ 16,145,144 $ 22,725,613

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