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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES    
Net loss $ (4,529,546) $ (9,662,819)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of debt discount and equity issuance costs 199,839 1,976,869
Depreciation and amortization 109,954 146,819
Amortization of loan origination fees (6,667) (10,820)
Noncash lease expense 150,984  
Bad debt expense 128,491 116,761
Gain on warrant derivative liability (2,447,343) (822,702)
Loss on extinguishment of debt 1,186,336 298,500
Gain on sale of building (139,187)  
Loss on disposal of assets 8,593  
Stock-based compensation 1,427,931 3,013,042
Changes in operating assets and liabilities:    
Accounts receivable (28,941) (74,650)
Prepaid expenses and other assets (11,176) (242,571)
Inventory (100,144) (18,005)
Income taxes 108,731  
Operating lease liabilities (135,001)  
Accounts payable and other current liabilities (307,226) 750,264
Net cash used in operating activities: (4,384,372) (4,529,312)
INVESTING ACTIVITIES    
Purchase of property and equipment (156,344) (296,091)
Proceeds on sale of building 1,421,134  
Lending on notes receivable   (705,000)
Net cash provided by (used in) investing activities 1,264,790 (1,001,091)
FINANCING ACTIVITIES    
Proceeds from sale of common stock and warrants 3,000,000 2,604,355
Proceeds from the exercise of warrants 90,000  
Proceeds from exercise of stock options   188,770
Proceeds from notes payable 1,500,000 1,155,000
Payments on notes payable (975,000) (5,743,000)
Net cash provided by (used in) financing activities 3,615,000 (1,794,875)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 495,418 (7,325,278)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 224,994 7,957,169
CASH AND CASH EQUIVALENTS, END OF PERIOD 720,412 631,891
SUPPLEMENTAL SCHEDULE OF CASH FLOW INFORMATION    
Cash paid for interest 364,440 209,777
NON-CASH INVESTING & FINANCING ACTIVITIES    
Deemed dividend from 8.5% Warrants repricing 98,000 1,192,000
Operating lease right-of-use asset/Operating lease liability 2,721,069 154,200
12% Warrants recorded as a debt discount and loss on extinguishment of debt   $ 392,000
15% Warrants recorded as a debt discount and additional paid-in capital 167,163  
15% Warrants recorded as a loss on extinguishment of debt and additional paid-in capital 668,336  
Debt converted to equity 957,056  
Beneficial conversion feature 233,500  
Cashless exercise 903,779  
Issuance of common stock to an employee 100,000  
Stock issued in connection with SevenFive Farm acquisition $ 2,861,495