Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 25,006,632 $ 85,433,441
Investments 72,640,520
Restricted cash 192,475 350,000
Stock Subscriptions Receivable 960,033
Prepaid expenses and other current assets 2,365,010 3,712,861
Contract asset 1,618,296
Total current assets 100,204,637 92,074,631
Restricted cash 477,425 669,900
Property and equipment, net 2,392,696 4,067,837
Operating lease right of use assets 4,609,110 5,248,525
Other assets 46,385 234,038
Total assets 107,730,253 102,294,931
Current liabilities:    
Notes payable 767,938 710,158
Accounts payable 1,782,277 7,381,183
Accrued expenses 10,093,312 22,005,432
Derivative liability 133,710 797,000
Operating lease liabilities, current 1,136,948 1,004,063
Current portion of long-term debt 3,093,344
Total current liabilities 17,007,529 31,897,836
Long-term debt, net of debt discount 15,636,275 18,029,005
Other long-term liabilities 22,205
Operating lease liabilities, noncurrent 5,956,217 7,093,165
Total liabilities 38,622,226 57,020,006
Stockholders' equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding at December 31, 2021 and 2020
Common stock, $0.0001 par value; 300,000,000 shares authorized, 125,230,881 shares outstanding at December 31, 2021 and 150,000,000 shares authorized, and 98,852,696 shares issued and outstanding at December 31, 2020 12,523 9,885
Additional paid-in capital 418,891,713 349,358,378
Retained earnings (accumulated deficit) (349,733,764) (304,093,338)
Accumulated other comprehensive loss (62,445)
Total stockholders’ equity 69,108,027 45,274,925
Total liabilities and stockholders’ equity $ 107,730,253 $ 102,294,931