XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 292,642 $ 7,440,030
Accounts receivable, net 422,725 514,372
Inventory, net 1,198,259 1,345,137
Prepaid expenses and other current assets 1,541,074 1,355,949
Total current assets 3,454,700 10,655,488
Property and equipment, net 3,820,829 3,457,531
Finance lease right-of-use assets, net 986 3,500
Operating lease right-of-use assets 1,915,049 1,459,413
Intangible assets, net 6,842,406 7,440,974
Strategic inventory 1,608,890 2,300,614
Other noncurrent assets 492,022 495,629
Total assets 18,134,882 25,813,149
Current liabilities    
Current maturities of long-term debt 9,199,764 7,023,901
Accounts payable 904,559 420,821
Accrued compensation and benefits 381,807 1,097,654
Accrued liabilities 1,268,723 1,526,204
Deferred revenue 194,687 142,061
Short-term finance lease liabilities 1,121 3,364
Short-term operating lease liabilities 521,424 377,626
Total current liabilities 12,472,085 10,591,631
Long-term debt, net 4,850,686
Derivative liabilities 34,364 99,498
Long-term finance lease liabilities 280
Long-term operating lease liabilities 2,830,282 2,566,138
Other long-term liabilities 121,428 129,368
Total liabilities 15,458,159 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 September 30, 2023 and December 31, 2022
Common stock, $0.01 par value; 100,000,000 shares authorized; 10,013,524 and 2,899,911 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 100,135 28,999
Additional paid-in capital 291,705,905 281,167,161
Accumulated deficit (288,451,655) (272,824,772)
Accumulated other comprehensive loss (677,662) (795,840)
Total stockholders’ equity 2,676,723 7,575,548
Total liabilities and stockholders’ equity $ 18,134,882 $ 25,813,149