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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash $ 3,128,740 $ 7,615,630
Accounts receivable, net of allowance for credit losses of $283,159 as of June 30, 2024 and $224,433 as of December 31, 2023 2,545,286 1,775,756
Inventories, net 7,660,596 6,945,028
Prepaid expenses 1,811,416 845,878
Total current assets 15,146,038 17,182,292
Noncurrent Assets    
Property, plant and equipment, net 46,063,648 46,408,540
Intangible assets 210,078 0
Right - of-use asset, net 87,697 108,469
Goodwill 1,917,356 1,917,356
Other non-current assets 169,685 169,685
Total assets 63,594,502 65,786,342
Current liabilities:    
Accounts payable and accrued expenses 6,863,791 10,887,730
Due to related parties 15,427,453 7,825,790
Convertible notes payable, current portion 0 47,300,000
Notes payable, current portion, net of capitalized loan costs 5,767,046 681,121
Operating lease payable, current portion 35,557 43,794
Finance leases payable, current portion 562,427 565,353
Total current liabilities 28,656,274 67,303,788
Noncurrent Liabilities    
Line of credit 5,000,000 0
Convertible notes payable, net of current portion 3,000,000 3,000,000
Notes payable, net of current portion 14,011,608 13,509,189
Operating lease payable, net of current portion 43,794 71,119
Finance leases payable, net of current portion 1,414,643 1,683,308
Deferred tax liability 1,566,233 1,566,233
Total liabilities 53,692,552 87,133,637
Shareholders' equity (deficit)    
Common shares, no par value 0 0
Additional paid-in capital 90,096,688 44,118,081
Accumulated deficit (80,194,738) (65,465,376)
Total shareholders' equity (deficit) 9,901,950 (21,347,295)
Total liabilities and shareholders' equity (deficit) $ 63,594,502 $ 65,786,342