Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash $ 2,206,565 $ 2,564,237
Accounts receivable, net 7,820,611 16,810,659
Inventory, net 31,411,395 40,365,286
Prepaid and other current assets 48,164 369,792
Total Current Assets 41,486,735 60,109,974
Other Assets    
Property and equipment, net 19,618,726 17,500,383
Right-of-use asset 4,386,414 4,415,859
Other assets 2,059,288 1,890,780
Total Assets 67,551,163 83,916,996
Current Liabilities    
Accounts payable 36,864,439 29,671,272
Accrued expenses 3,433,090 3,010,914
Lease liability, current maturities 1,182,351 959,630
Short-term loan payable 1,214,028 973,583
Warrant and preferred investment option liabilities 4,985,387 16,116,273
Total Current Liabilities 47,679,295 50,731,672
Lease liability, net of current maturities 3,383,967 3,477,380
Total Liabilities 51,063,262 54,209,052
Stockholders' Equity    
Common stock 2,592 1,408
Additional paid-in capital 175,438,894 174,659,589
Accumulated deficit (158,953,585) (144,953,053)
Total Stockholders' Equity 16,487,901 29,707,944
Total Liabilities and Stockholders' Equity 67,551,163 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