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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (10,594,467) $ (53,672,267)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 6,223,050 5,176,492
Loss on disposal of fixed assets 110,947 8,408
Interest paid in kind 2,958,592 2,023,932
Stock-based compensation 4,441,845 4,145,929
Amortization of debt discount 1,895,790 1,908,127
Loss on extinguishment of debt 0 6,669,941
Amortization of license revenue (107,125) (107,125)
Changes in operating assets and liabilities:    
Accounts receivable (15,813,632) 7,674,472
Inventories 163,942 (38,189,543)
Prepaid expenses and other current assets (12,309) (1,033,238)
Deposits and other assets (1,220,849) 195,756
Accounts payable (1,154,769) 12,768,396
Accrued expenses 4,874,378 667,193
Other current and non-current liabilities (561,345) (365,415)
Net cash used in operating activities (8,795,952) (52,128,942)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (3,573,786) (10,162,650)
Net cash used in investing activities (3,573,786) (10,162,650)
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 (1,074,550) (831,297)
Payments on finance lease obligations (16,028) (27,281)
Net proceeds from the exercise of stock options 1,095,539 0
Payment of deferred financing fees 0 (2,782,928)
Net cash provided by financing activities 4,961 46,108,494
Net decrease in cash and cash equivalents (12,364,777) (16,183,098)
Cash and cash equivalents - beginning of period 86,521,542 51,089,118
Cash and cash equivalents - end of period $ 74,156,765 $ 34,906,020