v3.22.2.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash $ 21,635,356 $ 32,360,520
Restricted cash 480,000 380,000
Accounts receivable, net 1,063,903 1,886,708
Inventories 11,767,996 11,118,188
Prepaid expenses and other current assets 2,947,014 1,036,645
Total Current Assets 37,894,269 46,782,061
Property and equipment, net 591,257 356,194
Intangible assets, net 1,376,499 1,481,077
Investments 1,670,951 670,951
Right-of-use operating lease assets 5,418,912 3,483,042
Deferred financing costs 0 43,562,847
Financing receivables 238,624 138,161
Security deposit, long-term 8,682 3,057
Total Assets 47,199,194 96,477,390
Current Liabilities    
Accounts payable 1,664,685 5,738,873
Accrued expenses 3,436,815 2,874,018
Deferred revenue 1,014,152 719,771
Operating lease liabilities - current 708,441 41,513
Other liabilities 107,198 110,574
Total Current Liabilities 6,931,291 9,484,749
Operating lease liabilities - noncurrent 5,225,555 3,441,642
Warrants liability 12,000 866,000
Derivative liability - non-controlling redeemable preferred shares 531,257 511,948
Other long-term liabilities 13,013 18,860
Total Liabilities 12,713,116 14,323,199
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 September 30, 2022 and December 31, 2021; aggregate liquidation preference of $3,396,672 and $3,200,760 at September 30, 2022 and December 31, 2021, respectively 3,369,827 2,885,427
Stockholders’ Equity    
Common stock, $0.0001 par value, 100,000,000 shares authorized; 22,897,935 and 18,861,130 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 2,292 1,888
Additional paid-in capital 150,247,403 127,138,504
Accumulated other comprehensive income 12,149 113,446
Accumulated deficit (115,805,023) (47,412,470)
Nuvve Stockholders’ Equity 34,456,821 79,841,368
Non-controlling interests (3,633,735) (572,604)
Total Stockholders’ Equity 30,823,086 79,268,764
Total Liabilities, Mezzanine equity and Stockholders’ Equity 47,199,194 96,477,390
Class D Incentive Units    
Mezzanine equity    
Class D Incentive units, zero par value, 1,000,000 units authorized, 250,000 units issued and outstanding at September 30, 2022 293,165 0
Cumulative Preferred Stock    
Stockholders’ Equity    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized; zero shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively $ 0 $ 0