Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 51,089,118 $ 55,921,152
Accounts receivable, net 28,576,857 13,237,290
Inventories 124,724,091 81,535,599
Prepaid expenses and other current assets 4,339,245 3,046,466
Total current assets 208,729,311 153,740,507
Property and equipment, net 50,935,074 41,593,090
Intangible assets, net 1,728,768 2,444,121
Goodwill 3,529,509 3,529,509
Right-to-use assets 7,262,658 4,259,191
Deposits and other assets 4,067,404 2,106,976
TOTAL ASSETS 276,252,724 207,673,394
Current liabilities:    
Accounts payable 12,429,409 11,073,708
Accrued expenses and other current liabilities 17,214,988 8,365,143
Current portion of deferred revenue 142,834 142,834
Current portion of lease obligations 591,084 365,682
Total current liabilities 30,378,315 19,947,367
Senior notes payable, net of discount 94,866,239 92,968,866
Deferred revenue, net of current portion 1,975,865 2,118,698
Lease obligations, net of current portion 7,462,388 4,334,151
Other non-current liabilities 397,351 54,886
TOTAL LIABILITIES 135,080,158 119,423,968
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, 300,000,000 and 150,000,000 shares authorized, 195,813,817 and 104,902,888 shares issued and outstanding 19,581 10,490
Additional paid-in capital 553,265,706 428,704,039
Accumulated deficit (412,112,721) (340,465,103)
TOTAL STOCKHOLDERS' EQUITY 141,172,566 88,249,426
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 276,252,724 $ 207,673,394