Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 63,468,769 $ 31,748,686
Customer receivable 5,000,000
Stock subscriptions receivable 16,675,971
Prepaid expenses and other current assets 2,872,275 3,724,932
Contract asset 2,681,065
Total current assets 88,017,015 38,154,683
Property and equipment, net 4,547,303 5,083,865
Operating lease right of use assets 5,539,677 5,818,983
Other assets 14,085 84,968
Total assets 98,118,080 49,142,499
Current liabilities:    
Notes payable 108,936 752,659
Accounts payable 12,697,845 11,091,363
Accrued expenses 28,144,144 22,447,939
Deferred revenue, current 270,530
Operating lease liabilities, current 873,525 595,745
Total current liabilities 42,094,980 34,887,706
Operating lease liabilities, noncurrent 7,609,221 8,097,228
Total liabilities 49,704,201 42,984,934
Commitments and Contingencies
Stockholders’ equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding at June 30, 2020 and December 31, 2019
Common stock, $0.0001 par value; 150,000,000 shares authorized, 80,655,848 and 64,672,893 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 8,065 6,467
Additional paid-in capital 308,991,895 198,975,056
Accumulated deficit (260,586,081) (192,823,958)
Total stockholders’ equity 48,413,879 6,157,565
Total liabilities and stockholders’ equity $ 98,118,080 $ 49,142,499