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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows used in operating activities    
Net loss $ (23,870,546) $ (12,850,301)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation 596,505 474,621
Amortization 385,093 10,152
Gain on disposal of equipment (6,400) 0
Stock-based compensation 4,040,207 2,318,502
Reserve for prepaid assets 179,000 0
Restricted stock awards 0 62,431
Noncash conversion of note payable to grant income (51,000) 0
Impairment on property, plant, and equipment 8,317 239,734
Deferred taxes 7,534 0
Gain on sale of investment securities available-for-sale 0 13,927
Changes in operating assets and liabilities:    
Accounts receivable (382,970) (454,853)
Inventory (3,199,439) (3,859,932)
Prepaid expenses and other current assets (922,058) (2,256,511)
Deferred rent 368,894 360,786
Deposits (86,920) 30,954
Accounts payable (474,519) 591,213
Payroll liabilities 82,059 231,824
Accrued expenses 1,230,436 403,481
Net cash from operating activities (22,095,807) (14,683,972)
Cash flows used in investing activities    
Purchase of property, plant, and equipment (1,555,191) (1,059,858)
Proceeds on sale of property, plant, and equipment 12,700 0
Deposits on equipment to be acquired (489,325) 0
Purchase of software (156,855) 0
Acquisition of a business, net of cash acquired (note 2) (10,449,587) 0
Purchase of investment securities available-for-sale (1,028) (8,171,129)
Proceeds from maturities of investment securities available-for-sale 0 4,950,000
Net cash from investing activities (12,639,286) (4,280,987)
Cash flows from financing activities    
Issuance of common stock 66,744 66,110,517
Issuance of preferred stock 0 10,000,006
Common stock issuance costs (82,043) (1,268,772)
Preferred stock issuance costs 0 (147,721)
Capital contribution 0 298,103
Restricted stock units issued 48 0
Withholding tax payments for share based compensation (219,158) 0
Repurchased common stock 0 (20,532)
Stock options exercised 810,656 197,329
Net cash from financing activities 576,247 75,168,930
Net change in cash and cash equivalents (34,158,846) 56,203,971
Cash and cash equivalents beginning of period 57,208,080 1,004,109
Cash and cash equivalents end of period 23,049,234 57,208,080
Supplemental disclosures of non-cash information    
Noncash conversion of note payable to grant income 51,000 0
Unrealized gain (loss) on available-for-sale securities (75,223) 14,433
Common stock issued in connection with the acquistion of a business (note 2) 1,834,857 0
Conversion of preferred stock to common stock 0 16,575,236
Purchases of equipment included in deposits at the beginning of the period 0 14,699
Purchases of equipment included in accrued expenses $ 26,141 $ 0