v3.19.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 16,534,278 $ 22,754,852
Accounts receivable, net 1,310,404 1,392,441
Inventories 18,439,912 18,616,169
Prepaid expenses and other current assets 2,049,552 1,766,163
Total current assets 38,334,146 44,529,625
Property and equipment, net 29,694,764 30,115,730
Intangible assets, net 3,793,177 4,004,412
Goodwill 3,529,509 3,529,509
Assets to be transferred under purchase agreement 0 1,153,508
Restricted cash 0 4,000,000
Deposits and other assets 2,768,374 1,543,737
TOTAL ASSETS 78,119,970 88,876,521
Current liabilities    
Accounts payable 5,479,791 5,900,394
Accrued expenses and other current liabilities 2,505,996 3,551,835
Current portion of deferred revenue 142,834 142,834
Current portion of lease obligations 209,506 29,983
Total current liabilities 8,338,127 9,625,046
Notes payable, net of discount 40,885,103 26,440,830
End of term liability, notes payable 0 2,760,000
Deferred revenue, net of current portion 2,368,657 2,404,365
Note payable - related party, net of discount 14,882,337 14,874,184
Obligation to transfer assets under purchase agreement 0 12,621,844
Lease obligations, net of current portion 1,461,452 119,080
Other non-current liabilities 145,340 260,734
TOTAL LIABILITIES 68,081,016 69,106,083
STOCKHOLDERS' EQUITY    
Preferred Stock, $0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding 0 0
Common Stock - voting, $0.0001 par value, 75,000,000 shares authorized, 46,353,068 shares issued and outstanding 4,635 4,635
Additional Paid-In Capital 239,539,512 236,203,041
Accumulated Deficit (229,505,193) (216,437,238)
TOTAL STOCKHOLDERS' EQUITY 10,038,954 19,770,438
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 78,119,970 $ 88,876,521

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