Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 55,921,152 $ 26,752,135
Accounts receivable, net 13,237,290 3,469,919
Inventories 81,535,599 53,064,734
Prepaid expenses and other current assets 3,046,466 2,533,593
Total current assets 153,740,507 85,820,381
Property and equipment, net 41,593,090 31,741,317
Intangible assets, net 2,444,121 3,159,474
Goodwill 3,529,509 3,529,509
Right to use assets 4,259,191 1,245,029
Deposits and other assets 2,106,976 1,595,015
TOTAL ASSETS 207,673,394 127,090,725
Current liabilities:    
Accounts payable 11,073,708 9,174,591
Accrued expenses and other current liabilities 8,365,143 4,481,395
Current portion of deferred revenue 142,834 142,834
Current portion of lease obligations 365,682 229,073
Total current liabilities 19,947,367 14,027,893
Senior notes payable, net of discount 92,968,866 68,291,163
Deferred revenue, net of current portion 2,118,698 2,261,532
Subordinated note payable, net of discount 0 14,908,053
Lease obligations, net of current portion 4,334,151 1,302,361
Other non-current liabilities 54,886 106,574
TOTAL LIABILITIES 119,423,968 100,897,576
COMMITMENTS AND CONTINGENCIES 0 0
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, 150,000,000 shares authorized, 104,902,888 and 59,318,355 shares issued and outstanding 10,490 5,932
Additional paid-in capital 428,704,039 290,903,772
Accumulated deficit (340,465,103) (264,716,555)
TOTAL STOCKHOLDERS' EQUITY 88,249,426 26,193,149
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 207,673,394 $ 127,090,725