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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 58,276,178 $ 4,361,758
Accounts receivable-trade, less allowance for doubtful accounts of $123,224 – June 30, 2021 and December 31, 2020 888,384 1,705,461
Other receivables 1,795,547 1,529,920
Inventories, net 9,615,759 8,202,274
Prepaid expenses 2,421,777 2,030,693
Total current assets 72,997,645 17,830,106
Property, plant and equipment, net 6,024,184 666,800
Intangible assets, net 1,583,576 392,564
Operating lease right of use assets, net 722,843 753,175
Other assets 1,770,887 1,154,882
Total assets 83,099,135 20,797,527
Current liabilities:    
Accounts payable 674,380 1,144,676
Accrued expenses 875,311 796,094
Current portion of operating lease obligations 123,356 113,484
Contract liabilities-current 1,515,138 1,647,469
Subordinated notes payable – current portion 72,502 11,727
Warrant derivative liabilities 29,527,224
Income taxes payable 7,158
Total current liabilities 32,787,911 3,720,608
Long-term liabilities:    
Subordinated notes payable – long term 427,498 148,273
Operating lease obligation, long term 672,216 723,272
Contract liabilities-long term 2,504,715 1,848,869
Total liabilities 36,392,340 6,441,022
Commitments and contingencies  
Stockholders’ Equity:    
Common stock, $0.001 par value per share; 100,000,000 shares authorized; shares issued: 51,577,209 shares issued – June 30, 2021 and 26,834,709 shares issued – December 31, 2020 51,577 26,835
Additional paid in capital 122,487,573 106,501,396
Treasury stock, at cost (63,518 shares) (2,157,226) (2,157,226)
Accumulated deficit (73,675,129) (90,014,500)
Total stockholders’ equity 46,706,795 14,356,505
Total liabilities and stockholders’ equity $ 83,099,135 $ 20,797,527