XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 13,454,246 $ 32,007,792
Accounts receivable – trade, net 2,167,280 2,727,052
Other receivables (including $138,384 due from related parties – June 30, 2022 and $158,384 – December 31, 2021, refer to Note 20) 2,798,029 2,021,813
Inventories, net 9,405,954 9,659,536
Prepaid expenses 7,911,435 9,728,782
Total current assets 35,736,944 56,144,975
Property, plant, and equipment, net 8,457,199 6,841,026
Goodwill and other intangible assets, net 18,675,469 16,902,513
Operating lease right of use assets, net 951,928 993,384
Other assets 6,907,281 2,107,299
Total assets 70,728,821 82,989,197
Current liabilities:    
Accounts payable 6,762,924 4,569,106
Accrued expenses 1,130,737 1,175,998
Current portion of operating lease obligations 353,646 373,371
Contract liabilities – current portion 1,944,382 1,665,519
Debt obligations – current portion 514,664 389,934
Warrant derivative liabilities 9,285,143 14,846,932
Income taxes payable 11,796 1,827
Total current liabilities 20,003,292 23,022,687
Long-term liabilities:    
Debt obligations – long term 754,680 727,278
Operating lease obligation – long term 666,477 688,207
Contract liabilities – long term 4,087,426 2,687,786
Total liabilities 25,511,875 27,125,958
Commitments and contingencies
Stockholders’ Equity:    
Common stock, $0.001 par value per share; 100,000,000 shares authorized; shares issued: 47,828,405 shares issued – June 30, 2022 and 50,904,391 shares issued – December 31, 2021 47,828 50,904
Additional paid in capital 125,202,080 124,426,379
Noncontrolling interest in consolidated subsidiary 325,993 56,453
Accumulated deficit (80,358,955) (68,670,497)
Total stockholders’ equity 45,216,946 55,863,239
Total liabilities and stockholders’ equity $ 70,728,821 $ 82,989,197