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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 3,237,176 $ 7,440,030
Accounts receivable, net 619,575 514,372
Inventory, net 1,735,122 1,345,137
Prepaid expenses and other current assets 1,637,593 1,355,949
Total current assets 7,229,466 10,655,488
Property and equipment, net 3,849,734 3,457,531
Finance lease right-of-use assets, net 1,833 3,500
Operating lease right-of-use assets 2,041,010 1,459,413
Intangible assets, net 7,206,382 7,440,974
Strategic inventory 1,609,643 2,300,614
Other noncurrent assets 496,894 495,629
Total assets 22,434,962 25,813,149
Current liabilities    
Current maturities of long-term debt 9,191,151 7,023,901
Accounts payable 195,253 420,821
Accrued compensation and benefits 1,439,181 1,097,654
Accrued liabilities 1,043,123 1,526,204
Deferred revenue 27,279 142,061
Short-term finance lease liabilities 1,962 3,364
Short-term operating lease liabilities 517,602 377,626
Total current liabilities 12,415,551 10,591,631
Long-term debt, net 4,850,686
Derivative liabilities 45,656 99,498
Long-term finance lease liabilities 280
Long-term operating lease liabilities 2,987,194 2,566,138
Other long-term liabilities 126,671 129,368
Total liabilities 15,575,072 18,237,601
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, 2023 and December 31, 2022
Common stock, $0.01 par value; 100,000,000 shares authorized; 6,967,699 and 2,899,911 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 69,677 28,999
Additional paid-in capital 291,935,388 281,167,161
Accumulated deficit (284,388,698) (272,824,772)
Accumulated other comprehensive loss (756,477) (795,840)
Total stockholders’ equity 6,859,890 7,575,548
Total liabilities and stockholders’ equity $ 22,434,962 $ 25,813,149