XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 16,616,493 $ 33,206,712
Restricted cash 0 6,338,306
Accounts receivable, net 9,612,672 8,010,708
Prepaid expenses 1,521,376 864,513
Total current assets 27,750,541 48,420,239
Long-term prepaid insurance 535,082  
Operating lease right-of-use assets 2,085,923 2,615,204
Financing lease right-of-use assets 3,946,306 4,019,322
Property, plant and equipment, net 24,837,073 24,314,455
Total assets 59,154,925 79,369,220
Current liabilities    
Accounts payable 4,943,581 4,458,525
Forward share purchase liability   6,338,306
Notes payable 25,013 25,013
Operating lease liabilities, current portion 1,169,139 1,142,413
Finance lease liabilities, current portion 140,767 161,050
Due to related party   2,367
Deferred grant income   100,000
Accrued expenses and other current liabilities 9,858,719 12,455,888
Total current liabilities 16,137,219 24,683,562
Operating lease liabilities, noncurrent 1,061,122 1,653,185
Finance lease liabilities, noncurrent 3,694,834 3,762,430
Warrant liabilities 1,140,478 10,720,130
Total liabilities 22,033,653 40,819,307
Commitments and contingencies (Note 17)
Stockholders equity    
Preferred stock; $0.0001 par value; 10,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively  
Common stock; $0.0001 par value; 490,000,000 shares authorized at June 30, 2022 and December 31, 2021; 43,577,543 and 43,487,279 shares issued, respectively, and 43,030,885 and 43,487,279 outstanding at June 30, 2022 and December 31, 2021, respectively 4,358 4,349
Treasury stock, at cost; 546,658 and 0 shares held at June 30, 2022 and December 31, 2021, respectively (5,521,246)  
Additional paid-in capital 75,557,244 67,674,515
Accumulated deficit (32,919,084) (29,128,951)
Total stockholders' equity 37,121,272 38,549,913
Total liabilities and stockholders equity $ 59,154,925 $ 79,369,220