Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current Assets    
Cash $ 2,357,204 $ 2,564,237
Accounts receivable, net 12,473,777 16,810,659
Inventory, net 32,664,029 40,365,286
Prepaid and other current assets 921,178 369,792
Total Current Assets 48,416,188 60,109,974
Other Assets    
Property and equipment, net 18,556,882 17,500,383
Right-of-use asset 4,150,863 4,415,859
Other assets 2,786,236 1,890,780
Total Assets 73,910,169 83,916,996
Current Liabilities    
Accounts payable 34,975,111 29,671,272
Accrued expenses 3,310,663 3,010,914
Lease liability, current maturities 979,143 959,630
Short-term loan payable 1,241,248 973,583
Warrant and preferred investment option liabilities 8,631,313 16,116,273
Total Current Liabilities 49,137,478 50,731,672
Lease liability, net of current maturities 3,224,770 3,477,380
Total Liabilities 52,362,248 54,209,052
Stockholders' Equity    
Common stock 1,495 1,408
Additional paid-in capital 174,774,641 174,659,589
Accumulated deficit (153,228,215) (144,953,053)
Total Stockholders' Equity 21,547,921 29,707,944
Total Liabilities and Stockholders' Equity 73,910,169 83,916,996
Series C Preferred Stock [Member]    
Stockholders' Equity    
Preferred Stock 0 0
Series D Preferred Stock [Member]    
Stockholders' Equity    
Preferred Stock 0 0
Series E Preferred Stock [Member]    
Stockholders' Equity    
Preferred Stock 0 0
Series F Preferred Stock [Member]    
Stockholders' Equity    
Preferred Stock 0 0
Series G Preferred Stock [Member]    
Stockholders' Equity    
Preferred Stock $ 0 $ 0