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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (6,788,815) $ (25,007,857)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,032,965 1,590,217
Loss on disposal of fixed assets 18,096 2,000
Interest paid in kind 979,978 0
Stock-based compensation 1,110,166 1,641,388
Amortization of debt discount 487,889 584,842
Loss on extinguishment of debt 0 6,669,941
Amortization of license revenue (35,708) (35,708)
Changes in operating assets and liabilities:    
Accounts receivable (11,013,446) 2,947,233
Inventories (704,826) (14,422,219)
Prepaid expenses and other current assets 716,465 (1,180,056)
Deposits and other assets 289,232 1,397,672
Accounts payable (272,904) 1,685,724
Accrued expenses (1,353,815) (1,775,526)
Other current and non-current liabilities (187,551) (111,064)
Net cash used in operating activities (14,722,274) (26,013,413)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (1,944,596) (2,842,085)
Net cash used in investing activities (1,944,596) (2,842,085)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on notes payable 0 (100,000,000)
Payment of debt refinancing fees 0 (2,000,000)
Proceeds from issuance of note payable 0 151,750,000
Taxes paid on vested Restricted Stock Units (640,946) (91,367)
Payments on finance lease obligations (9,563) (8,941)
Payment of deferred financing fees 0 (2,378,366)
Net cash (used in) provided by financing activities (650,509) 47,271,326
Net (decrease) increase in cash and cash equivalents (17,317,379) 18,415,828
Cash and cash equivalents - beginning of year 86,521,542 51,089,118
Cash and cash equivalents - end of year $ 69,204,163 $ 69,504,946