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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 16,586,577 $ 36,080,392
Accounts receivable, net 738,148 1,172,396
Inventory, net 1,196,956 1,239,456
Prepaid expenses and other current assets 1,687,564 1,250,331
Total current assets 20,209,245 39,742,575
Property and equipment, net 3,209,311 4,011,748
Finance lease right-of-use assets, net 19,660 90,467
Operating lease right-of-use assets 1,582,325 1,814,396
Goodwill 6,884,915 7,453,007
Intangible assets, net 12,969,215 14,530,209
Strategic inventory 3,492,602 3,472,337
Other noncurrent assets 441,320 551,794
Total assets 48,808,593 71,666,533
Current liabilities    
Accounts payable 731,845 1,307,081
Accrued compensation and benefits 1,575,299 1,621,788
Accrued liabilities 788,153 1,965,845
Current maturities of long-term debt 10,887,469 14,519,113
Short-term finance lease liabilities 16,731 43,150
Short-term operating lease liabilities 394,027 459,792
Total current liabilities 14,393,524 19,916,769
Long-term debt, net 4,024,413 7,176,251
Long-term finance lease liabilities 1,962 3,644
Long-term operating lease liabilities 2,721,233 2,977,402
Derivative liabilities 175,498 228,589
Other long-term liabilities 130,983 146,798
Total liabilities 21,447,613 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 June 30, 2022 and December 31, 2021
Common stock, $0.01 par value; 100,000,000 shares authorized; 46,623,618 and 46,450,250 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 466,237 464,503
Additional paid-in capital 276,205,778 275,708,490
Accumulated deficit (248,185,670) (235,541,539)
Accumulated other comprehensive (loss) income (1,125,365) 585,626
Total stockholders’ equity 27,360,980 41,217,080
Total liabilities and stockholders’ equity $ 48,808,593 $ 71,666,533