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

Consolidated Balance Sheets (Unaudited)

v3.23.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2021
Dec. 31, 2020
Current assets:        
Total current assets $ 36,963,047   $ 23,169,058  
Property and equipment, net 15,167,367   1,437,311  
Operating lease right-of-use asset 317,208   513,763  
Other assets 155,490   47,240  
Total Assets 52,603,112   25,167,372  
Accrued liabilities 3,142,977   1,576,433  
Operating lease liabilities – current 410,158   353,598  
Notes payable – current     10,250,000  
Notes payable, related parties – current     3,000,000  
Current liabilities:        
Accounts payable 324,484   1,402,424  
Total current liabilities 3,877,619   16,582,455  
Warrant liabilities 32,688,342      
Operating lease liabilities – long-term 87,214   467,208  
Notes payable – long-term, net of discount 15,922,118   14,708,333  
Other liabilities     20,833  
Total Liabilities 52,575,293   31,778,829  
Stockholders’ (Deficit) Equity        
Preferred stock    
Common stock 4,725   967  
Additional paid-in capital 68,128,196   33,221,505  
Accumulated deficit (68,105,102)   (39,844,531)  
Total Stockholders’ (Deficit) Equity 27,819 $ (13,083,601) (6,611,457) $ (1,428,721)
Total Liabilities and Stockholders’ Equity (Deficit) 52,603,112   25,167,372  
Cash and cash equivalents 17,787,159   20,952,867  
Restricted certificate of deposit 250,375   251,236  
Short-term investments 4,959,263      
Accounts receivable, net 1,622,434   794,136  
Inventories 6,666,912      
Contract assets 573,895   893,375  
Prepaid insurance 2,392,978   67,219  
Other Current assets 2,710,031   210,225  
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:        
Promissory note – related party   400,333    
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  
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
Common stock subject to possible redemption   174,370,884 174,225,000  
Stockholders’ (Deficit) Equity        
Preferred stock  
Common stock   431 431 431
Additional paid-in capital       24,569
Accumulated deficit   (6,699,162) (7,709,117) (1,000)
Total Stockholders’ (Deficit) Equity   (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   3,348  
Series B Preferred Stock        
Stockholders’ (Deficit) Equity        
Preferred stock     $ 7,254