XML 16 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 16,857,941 $ 9,301,406
Accounts receivable, net 7,954,625 3,527,078
Inventories, net 3,315,789 767,986
Prepaid expenses and other current assets 697,946 296,127
Total current assets 28,826,301 13,892,597
Fixed assets, net 1,607,177 1,504,330
Lease right-of-use assets - operating 235,369 729,330
Lease right-of-use assets - finance 2,135,788 1,606,387
Total assets 32,804,635 17,732,644
Current liabilities:    
Accounts payable 6,123,990 2,011,827
Accrued liabilities 2,622,722 1,980,204
Current portion of lease liabilities - operating 242,957 842,452
Current portion of lease liabilities - finance 914,671 724,329
Supplier financings 209,312  
Total current liabilities 10,113,652 5,558,812
Non-current portion of lease liabilities - finance 1,337,686 973,189
Total liabilities 11,451,338 6,532,001
Commitments and contingencies (see Note 10)
Shareholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 authorized; 2,133 shares issued and outstanding at December 31, 2019 and September 30, 2020.
Common stock, $0.0001 par value, 150,000,000 authorized; 5,473,848 issued and outstanding at December 31, 2019; 13,396,570 issued and outstanding at September 30, 2020. 1,340 547
Additional paid-in capital 286,780,895 256,917,285
Accumulated deficit (265,428,938) (245,717,189)
Total shareholders’ equity 21,353,297 11,200,643
Total liabilities and shareholders’ equity $ 32,804,635 $ 17,732,644