Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and Cash Equivalents $ 26,119,837 $ 43,107,574
Accounts Receivable 3,657,602 3,880,154
Inventories 12,438,802 12,628,181
Prepaid expenses and other current assets 2,703,214 2,050,740
Restricted cash 1,500,000 1,500,000
Total Current Assets 46,419,455 63,166,649
Property and equipment, net 30,615,530 30,466,858
Intangible assets, net 4,638,115 4,849,350
Goodwill 3,529,509 3,529,509
Assets to be transferred under purchase agreement 1,395,444 1,496,410
Restricted cash 4,000,000 4,000,000
Deposits 539,572 510,057
TOTAL ASSETS 91,137,625 108,018,833
Current Liabilities    
Accounts Payable 5,718,121 5,920,873
Accrued Expenses 3,581,882 3,318,478
Current Portion of Deferred Revenue 142,834 142,834
Other current liabilities 0 57,998
Total Current Liabilities 9,442,837 9,440,183
Notes Payable, Net of Discount 25,616,653 25,368,458
End of Term Liability, Notes Payable 2,760,000 2,760,000
Deferred Revenue, Net of Current Portion 2,511,491 2,547,199
Note payable - related party, net of discount 14,850,048 14,842,396
Obligation to transfer assets under purchase agreement 12,621,844 12,621,844
Other non-current liabilities 309,353 105,996
TOTAL LIABILITIES 68,112,226 67,686,076
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, 75,000,000 shares authorized, 36,726,084 and 36,725,499 shares issued and outstanding 3,673 3,673
Common Stock - non-voting, $0.0001 par value, 8,591,160 shares authorized, 8,591,160 shares issued and outstanding 859 859
Additional Paid-In Capital 191,536,802 191,022,018
Accumulated Deficit (168,515,935) (150,693,793)
TOTAL STOCKHOLDERS' EQUITY 23,025,399 40,332,757
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 91,137,625 $ 108,018,833