v3.19.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 73,615,909 $ 22,754,852
Accounts receivable, net 5,086,663 1,392,441
Inventories 23,589,750 18,616,169
Prepaid expenses and other current assets 1,596,671 1,766,163
Total current assets 103,888,993 44,529,625
Property and equipment, net 29,444,489 30,115,730
Intangible assets, net 3,581,943 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 2,829,186 1,543,737
TOTAL ASSETS 143,274,120 88,876,521
Current liabilities    
Accounts payable 6,788,144 5,900,394
Accrued expenses and other current liabilities 2,974,476 3,551,835
Current portion of deferred revenue 142,834 142,834
Current portion of lease obligations 223,114 29,983
Total current liabilities 10,128,568 9,625,046
Notes payable, net of discount 67,468,637 26,440,830
End of term liability, notes payable 0 2,760,000
Deferred revenue, net of current portion 2,332,949 2,404,365
Subordinated note payable, net of discount 14,890,711 14,874,184
Obligation to transfer assets under purchase agreement 0 12,621,844
Lease obligations, net of current portion 1,414,976 119,080
Other non-current liabilities 132,418 260,734
TOTAL LIABILITIES 96,368,259 69,106,083
COMMITMENTS AND CONTINGENCIES
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, 59,317,806 and 46,353,068 shares issued and outstanding 5,932 4,635
Additional Paid-In Capital 289,616,994 236,203,041
Accumulated Deficit (242,717,065) (216,437,238)
TOTAL STOCKHOLDERS' EQUITY 46,905,861 19,770,438
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 143,274,120 $ 88,876,521

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