Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 7,967,622 $ 10,986,592
Restricted cash 551,250 551,250
Accounts receivable, net of allowance for doubtful accounts of $105,947 and $62,451 at June 30, 2023 and December 31, 2022, respectively 233,604 864,957
Inventory 4,693,738 5,645,883
Inventory deposits 2,275,376 427,662
Prepaid expenses and other current assets 2,804,783 1,850,666
Total current assets 18,526,373 20,327,010
Long term assets:    
Property and equipment, net 904,786 601,766
Intangible assets, net 2,906 5,813
Other long-term assets 285,037 285,037
Right-of-use assets - operating leases 1,324,310 1,505,987
Total assets 21,043,412 22,725,613
Current liabilities:    
Accounts payable 655,376 1,036,628
Accrued liabilities 1,447,051 2,045,239
Accrued purchase commitments 0 28,600
Current portion of notes payable 14,550 18,670
Convertible notes, net of issuance costs 28,579,123 17,353,748
Conversion liabilities 2,934,986 0
Warrant liabilities 9,642,075 0
Right-of-use operating lease liabilities, short-term 412,159 391,117
Customer deposits 319,210 23,471
Total current liabilities 44,004,530 20,897,472
Notes payable, net of current portion 77,401 50,116
Right-of-use operating lease liabilities, long-term 947,604 1,143,011
Total liabilities 45,029,535 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, 30,615,119 shares issued and outstanding at June 30, 2023 and 100,000,000 shares authorized, 24,426,260 shares issued and outstanding as of December 31, 2022 260 198
Additional paid-in capital 82,076,207 76,369,742
Accumulated deficit (106,062,590) (75,734,927)
Total stockholders’ (deficit) equity (23,986,123) 635,013
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY $ 21,043,412 $ 22,725,613