v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 6,295,391 $ 32,007,792
Accounts receivable – trade, net 2,744,354 2,727,052
Other receivables (including $138,384 due from related parties – September 30, 2022 and $158,384 – December 31, 2021, refer to Note 20) 5,448,545 2,021,813
Inventories, net 10,963,916 9,659,536
Prepaid expenses 9,227,985 9,728,782
Total current assets 34,680,191 56,144,975
Property, plant, and equipment, net 8,407,139 6,841,026
Goodwill and other intangible assets, net 18,230,538 16,902,513
Operating lease right of use assets, net 846,521 993,384
Other assets 6,233,075 2,107,299
Total assets 68,397,464 82,989,197
Current liabilities:    
Accounts payable 9,902,259 4,569,106
Accrued expenses 1,097,065 1,175,998
Current portion of operating lease obligations 304,294 373,371
Contract liabilities – current portion 2,049,704 1,665,519
Debt obligations – current portion 569,934 389,934
Warrant derivative liabilities 14,846,932
Income taxes payable 11,796 1,827
Total current liabilities 13,935,052 23,022,687
Long-term liabilities:    
Debt obligations – long term 671,887 727,278
Operating lease obligation – long term 610,422 688,207
Contract liabilities – long term 5,134,995 2,687,786
Total liabilities 20,352,356 27,125,958
Stockholders’ Equity:    
Common stock, $0.001 par value per share; 100,000,000 shares authorized; shares issued: 53,903,405 shares issued and outstanding – September 30, 2022 and 50,904,391 shares issued and outstanding – December 31, 2021 53,903 50,904
Additional paid in capital 129,943,238 124,426,379
Noncontrolling interest in consolidated subsidiary 309,397 56,453
Accumulated deficit (82,261,430) (68,670,497)
Total stockholders’ equity 48,045,108 55,863,239
Total liabilities and stockholders’ equity $ 68,397,464 $ 82,989,197