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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (53,672,267) $ (54,998,198)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,176,492 3,977,786
Loss on disposal of fixed assets 8,408 80,479
Interest paid in kind 2,023,932 0
Stock-based compensation 4,145,929 2,274,860
Amortization of debt discount 1,908,127 1,394,142
Loss on extinguishment of debt 6,669,941 0
Amortization of license revenue (107,125) (107,125)
Changes in operating assets and liabilities:    
Accounts receivable 7,674,472 (7,155,331)
Inventories (38,189,543) (32,587,272)
Prepaid expenses and other current assets (1,033,238) (2,812,580)
Deposits and other assets 195,756 (813,415)
Accounts payable 12,768,396 6,209,132
Accrued expenses 667,193 5,526,220
Other current and non-current liabilities (365,415) 107,552
Net cash used in operating activities (52,128,942) (78,903,750)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (10,162,650) (9,835,404)
Net cash used in investing activities (10,162,650) (9,835,404)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on notes payable (100,000,000) 0
Proceeds from issuance of common stock, net of offering expenses 0 67,315,677
Payment of debt refinancing fees (2,000,000) 0
Proceeds from issuance of note payable 151,750,000 0
Taxes paid on vested Restricted Stock Units (831,297) (61,598)
Payments on finance lease obligations (27,281) (25,507)
Payment of deferred financing fees (2,782,928) 0
Net cash provided by financing activities 46,108,494 67,228,572
Net decrease in cash and cash equivalents (16,183,098) (21,510,582)
Cash and cash equivalents - beginning of period 51,089,118 55,921,152
Cash and cash equivalents - end of period $ 34,906,020 $ 34,410,570

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