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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 32,007,792 $ 4,361,758
Accounts receivable-trade, less allowance for doubtful accounts of $113,234 – 2021 and $123,224 – 2020 2,727,052 1,705,461
Other Receivables (including $158,384 due from related parties – 2021 and $500,000 – 2020, refer to Note 17) 2,021,813 1,529,920
Inventories, net 9,659,536 8,202,274
Prepaid expenses 9,728,782 2,030,693
Total current assets 56,144,975 17,830,106
Property, plant, and equipment, net 6,841,026 666,800
Goodwill and other intangible assets, net 16,902,513 392,564
Operating lease right of use assets, net 993,384 753,175
Other assets 2,107,299 1,154,882
Total assets 82,989,197 20,797,527
Current liabilities:    
Accounts payable 4,569,106 1,144,675
Accrued expenses 1,175,998 796,094
Current portion of operating lease obligations 373,371 113,484
Contract liabilities – current 1,665,519 1,647,469
Debt obligations – current 389,934 11,727
Warrant derivative liabilities 14,846,932
Income taxes payable 1,827 7,158
Total current liabilities 23,022,687 3,720,607
Long-term liabilities:    
Debt obligations – long term 727,278 148,273
Operating lease obligation – long term 688,207 723,272
Contract liabilities – long term 2,687,786 1,848,869
Total liabilities 27,125,958 6,441,021
Commitments and contingencies
Equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized; shares issued: 50,904,391 – 2021 and 26,834,709 – 2020 50,904 26,835
Additional paid in capital 124,426,379 106,501,396
Treasury stock, at cost (2,157,225)
Noncontrolling interest in consolidated subsidiary 56,453
Accumulated deficit (68,670,497) (90,014,500)
Total equity 55,863,239 14,356,506
Total liabilities and equity $ 82,989,197 $ 20,797,527