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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash $ 11,059,004 $ 15,753,896
Restricted cash 480,000 480,000
Accounts receivable, net 2,027,621 1,121,694
Inventories 8,939,296 11,551,831
Prepaid expenses 1,556,991 1,487,582
Other current assets 1,139,212 1,454,563
Total current assets 25,202,124 31,849,566
Property and equipment, net 652,658 636,944
Intangible assets, net 1,271,921 1,341,640
Investment in equity securities 670,951 1,670,951
Investment in leases 117,436 97,054
Right-of-use operating lease assets 5,076,837 5,305,881
Financing receivables 288,872 288,872
Security deposit, long-term 8,682 8,682
Total assets 33,289,481 41,199,590
Current liabilities    
Accounts payable 796,435 2,390,422
Due to customers 2,980,318 0
Accrued expenses 4,214,358 3,347,399
Deferred revenue 1,103,058 1,221,497
Operating lease liabilities - current 856,635 824,326
Other liabilities 112,721 113,844
Total current liabilities 10,063,525 7,897,488
Operating lease liabilities - noncurrent 4,867,157 5,090,170
Warrants liability 290,848 220,884
Derivative liability - non-controlling redeemable preferred shares 353,006 359,225
Other long-term liabilities 538,563 393,179
Total liabilities 16,113,099 13,960,946
Commitments and Contingencies
Mezzanine equity    
Redeemable non-controlling interests, preferred shares, zero par value, 1,000,000 shares authorized, 3,138 shares issued and outstanding at June 30, 2023 and December 31, 2022; aggregate liquidation preference of $3,604,576 and $3,464,606 at June 30, 2023 and December 31, 2022, respectively 3,870,697 3,547,765
Stockholders’ equity    
Common stock, $0.0001 par value, 100,000,000 shares authorized; 31,257,041 and 24,272,150 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 3,126 2,427
Additional paid-in capital 150,076,184 144,073,505
Accumulated other comprehensive income 86,415 76,182
Accumulated deficit (132,615,484) (116,956,528)
Nuvve Holding Corp. Stockholders’ Equity 17,550,241 27,195,586
Non-controlling interests (4,398,334) (3,950,186)
Total stockholders’ equity 13,151,907 23,245,400
Total Liabilities, Mezzanine Equity and Stockholders’ Equity 33,289,481 41,199,590
Class D Incentive Units    
Mezzanine equity    
Class D Incentive units, zero par value, 1,000,000 units authorized; 50,000 and 250,000 units issued and outstanding at June 30, 2023 and December 31, 2022, respectively 153,778 445,479
Cumulative Preferred Stock    
Stockholders’ equity    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized; zero shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively $ 0 $ 0