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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 7,774,459 $ 15,046,894
Accounts receivable, net 364,117 5,556,577
Prepaid expenses 867,604 1,493,982
Total current assets 9,006,180 22,097,453
Long-term prepaid insurance 434,000 467,694
Operating lease right-of-use assets 730,583 1,192,054
Financing lease right-of-use assets 3,744,185 3,896,873
Property, plant and equipment, net 21,527,612 23,250,853
Total assets 35,442,560 50,904,927
Current liabilities    
Accounts payable 1,403,847 3,679,116
Notes payable 111,894 772,665
Operating lease liabilities, current portion 545,964 490,794
Finance lease liabilities, current portion 127,022 132,788
Deferred grant income 2,894,781 0
Accrued expenses and other current liabilities 5,927,527 9,917,981
Total current liabilities 11,011,035 14,993,344
Operating lease liabilities, noncurrent 91,816 361,225
Finance lease liabilities, noncurrent 3,485,754 3,629,642
Warrant liabilities 595,860 320,930
Convertible Debt 541,644 541,644
Total liabilities 15,726,109 19,846,785
Commitments and contingencies (Note 16)
Stockholders’ equity    
Preferred stock; $0.0001 par value; 10,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2023 and December 31, 2022 0 0
Common stock; $0.0001 par value; 490,000,000 shares authorized at June 30, 2023 and December 31, 2022; 52,861,314 and 50,940,920 shares issued, respectively, and 52,314,656 and 50,394,262 outstanding at June 30, 2023 and December 31, 2022, respectively 5,286 5,094
Treasury stock, at cost; 546,658 shares held at June 30, 2023 and December 31, 2022 (5,521,246) (5,521,246)
Additional paid-in capital 87,336,872 84,444,049
Accumulated deficit (62,104,461) (47,869,755)
Total stockholders’ equity 19,716,451 31,058,142
Total liabilities and stockholders’ equity $ 35,442,560 $ 50,904,927