General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Balance Sheets (Unaudited)

v3.22.4
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2022
Jun. 30, 2022
Dec. 31, 2021
Dec. 31, 2020
Current assets:        
Cash and cash equivalents $ 35,928,218   $ 20,952,867 $ 3,298,180
Restricted certificate of deposit 251,236   251,236 251,421
Accounts receivable, net 637,350   794,136 72,735
Inventories 5,558,996    
Contract assets 483,944   893,375 61,886
Prepaid insurance 2,598,380   67,219  
Other Current assets 2,495,759   210,225  
Total Current assets 47,953,883   23,169,058 3,685,722
Total assets 58,045,623   25,167,372 5,332,612
Property and equipment, net 9,645,735   1,437,311 879,921
Operating lease right-of-use asset 368,116   513,763 719,729
Other assets 77,889   47,240 47,240
Current liabilities:        
Accounts payable 2,786,544   1,402,424  
Accrued liabilities 1,171,597   1,576,433  
Accrued interest     703,544 28,777
Other accrued liabilities     90,000 50,149
Contract liabilities     373,791 1,807,161
Operating lease liabilities – current 399,892   353,598 425,332
Notes payable – current     10,250,000 484,836
Notes payable, related parties – current     3,000,000 3,000,000
Total Current Liabilities 4,358,033   16,582,455 6,035,261
Warrant liabilities 32,190,493      
Total Liabilities 51,772,456   31,778,829 6,761,333
Operating lease liabilities – long-term 179,095   467,208 726,072
Notes payable – long-term, net of discount 15,044,835   14,708,333
Other liabilities     20,833
Stockholders’ (Deficit) Equity        
Common stock, value 4,725   967  
Treasury stock, at cost; 271,600 shares     (944,927) (944,927)
Additional paid-in capital 66,150,428   33,221,505  
Accumulated deficit (59,881,986)   (39,844,531) (24,716,902)
Total Stockholders’ Equity (Deficit) 6,273,167 $ (13,083,601) (6,611,457) (1,428,721)
Total Liabilities and Stockholders’ Equity (Deficit) 58,045,623   25,167,372 5,332,612
Previously Reported        
Current assets:        
Other Current assets     277,444 1,500
Current liabilities:        
Accounts payable     1,400,514 60,073
Accrued liabilities     411,008 178,933
Total Liabilities 29,113,496      
Stockholders’ (Deficit) Equity        
Common stock, value     9,522 9,500
Additional paid-in capital 81,716,561   34,157,877 24,213,006
Accumulated deficit (52,789,159)      
Total Stockholders’ Equity (Deficit) $ 28,932,127   (6,611,457) (1,428,721)
CleanTech Acquisition Corp        
Current assets:        
Cash   172,785 518,905 25,000
Prepaid expenses   30,157 73,865
Total Current assets   202,942 592,770 25,000
Investments held in Trust Account   174,483,243 174,230,428
Total assets   174,686,185 174,823,198 25,000
Current liabilities:        
Accounts payable   325,387 153,601
Accrued expenses   1,018,979 29,500 1,000
Accrued expenses – related party   113,333 53,333
Franchise tax payable   100,000 97,200
Promissory note – related party   400,333  
Total Current Liabilities   1,958,032 333,634 1,000
Warrant liabilities   5,056,000 7,973,250
Total Liabilities   7,014,032 8,306,884 1,000
Commitments and Contingencies    
Common stock subject to possible redemption   174,370,884 174,225,000
Stockholders’ (Deficit) Equity        
Preferred stock, value  
Common stock, value   431 431 431
Additional paid-in capital   24,569
Accumulated deficit   (6,699,162) (7,709,117) (1,000)
Total Stockholders’ Equity (Deficit)   (6,698,731) (7,708,686) 24,000
Total Liabilities and Stockholders’ Equity (Deficit)   $ 174,686,185 174,823,198 25,000
Series A Preferred Stock        
Stockholders’ (Deficit) Equity        
Preferred stock, value     3,348 3,348
Series B Preferred Stock        
Stockholders’ (Deficit) Equity        
Preferred stock, value     $ 7,254 $ 7,254