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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 30,653,410 $ 36,080,392
Accounts receivable, net 265,885 1,172,396
Inventory, net 1,361,221 1,239,456
Prepaid expenses and other current assets 1,212,195 1,250,331
Total current assets 33,492,711 39,742,575
Property and equipment, net 3,721,720 4,011,748
Finance lease right-of-use assets, net 50,756 90,467
Operating lease right-of-use assets 1,706,346 1,814,396
Goodwill 7,316,883 7,453,007
Intangible assets, net 14,054,168 14,530,209
Strategic inventory 3,448,808 3,472,337
Other noncurrent assets 468,041 551,794
Total assets 64,259,433 71,666,533
Current liabilities    
Accounts payable 865,440 1,307,081
Accrued compensation and benefits 1,695,557 1,621,788
Accrued liabilities 1,582,882 1,965,845
Current maturities of long-term debt 14,394,824 14,519,113
Short-term finance lease liabilities 26,462 43,150
Short-term operating lease liabilities 447,710 459,792
Total current liabilities 19,012,875 19,916,769
Long-term debt, net 7,955,483 7,176,251
Long-term finance lease liabilities 2,803 3,644
Long-term operating lease liabilities 2,860,703 2,977,402
Derivative liabilities 114,804 228,589
Other long-term liabilities 141,631 146,798
Total liabilities 30,088,299 30,449,453
Commitments and contingencies (Note 8)
Stockholders’ equity    
Preferred stock, $0.01 par value; 10,000,000 shares authorized; none issued and outstanding at March 31, 2022 and December 31, 2021
Common stock, $0.01 par value; 100,000,000 shares authorized; 46,557,750 and 46,450,250 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 465,578 464,503
Additional paid-in capital 275,949,034 275,708,490
Accumulated deficit (242,345,255) (235,541,539)
Accumulated other comprehensive income 101,777 585,626
Total stockholders’ equity 34,171,134 41,217,080
Total liabilities and stockholders’ equity $ 64,259,433 $ 71,666,533