XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash $ 13,505,593 $ 14,590,566
Accounts receivable, net 3,763,391 2,888,879
Inventories, net 5,648,400 4,038,508
Prepaid and other current assets 2,122,181 1,292,570
Note receivable 185,000 185,000
Total current assets 25,224,565 22,995,523
Property and equipment, net 842,706 952,128
Right of use asset 1,433,845 2,019,745
Intangible assets, net 12,879,398 13,565,494
Goodwill 64,867,282 64,867,282
Other assets 284,015 282,869
Total assets 105,531,811 104,683,041
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 2,158,741 2,526,829
Accrued expenses 1,572,904 1,901,641
Contract liabilities 2,132,917 971,140
Current portion of liabilities related to acquisition agreements 9,000,000 10,061,501
Current portion of lease liabilities 981,632 1,235,977
Current portion of COVID loans 604,067 451,889
Total current liabilities 16,450,261 17,148,977
Long term portion of liabilities related to acquisition agreements 4,000,000 8,875,000
Long term portion of lease liabilities 564,011 942,404
Long term portion of COVID loans 604,412 808,021
Defined benefit plan obligation 312,828 331,726
Total liabilities 21,931,512 28,106,128
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.001 par value, 25,000,000 shares authorized: Preferred stock, Series F Convertible, $0.001 par value, 35,000 shares authorized, 9,690 shares issued and outstanding as of June 30, 2022, and no shares issued and outstanding as of December 31, 2021, respectively 10
Common Stock, $0.001 par value, 250,000,000 shares authorized, 82,445,570 and 75,314,988 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 82,445 75,315
Additional paid-in capital 147,686,141 127,626,536
Accumulated deficit (64,252,652) (51,054,344)
Accumulated other comprehensive income (loss) 84,355 (70,594)
Total stockholders’ equity 83,600,299 76,576,913
Total liabilities and stockholders’ equity $ 105,531,811 $ 104,683,041