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Condensed Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 4,217,951 $ 16,971,320
Accounts receivable, net 332,119 127,860
Inventory 12,290,355 7,856,105
Prepaid inventory 3,110,391 2,637,688
Other current assets 5,391,558 2,440,322
Total current assets 25,342,374 30,033,295
Property and equipment, net 29,440,642 24,338,907
Intangible assets, net 9,256,391 9,885,680
Deferred offering costs 0 24,000
Operating lease right-of-use assets 1,477,776 0
Security deposits 119,673 117,468
Total assets 65,636,856 64,399,350
Current liabilities:    
Accounts payable 2,708,556 2,016,283
Accrued liabilities 4,704,836 2,352,034
Customer deposits 1,048,434 817,137
Notes payable 0 2,039,367
Short-term convertible note 8,673,858 0
Warrant liabilities 366,852 0
Current portion of finance lease obligations 500,955 352,294
Current portion of equipment notes payable 414,877 493,160
Current portion of warranty reserve 451,397 331,485
Current portion of deferred revenue 219,908 111,166
Current portion of operating lease liabilities 690,682 0
Deferred rent 0 101,550
Total current liabilities 19,780,355 8,614,476
Finance lease obligations 934,482 712,511
Equipment notes 958,636 1,185,060
Convertible note 4,801,600
Warranty reserve 276,634 330,015
Operating lease liabilities 864,195 0
Long-term deferred revenue 2,250 9,000
Total long-term liabilities 7,837,797 2,236,586
Total liabilities 27,618,152 10,851,062
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Common Stock, no par value, 100,000,000 shares authorized; 45,560,514 and 37,643,591 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 177,188,124 150,502,566
Additional paid-in capital 12,144,581 7,038,124
Accumulated deficit (151,314,001) (103,992,402)
Total stockholders’ equity 38,018,704 53,548,288
Total liabilities and stockholders’ equity $ 65,636,856 $ 64,399,350