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

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2021
Dec. 31, 2020
Current assets:          
Cash and cash equivalents $ 12,478,433 $ 17,787,159   $ 20,952,867  
Restricted certificate of deposit 250,375 250,375   251,236  
Short-term investments 4,959,263    
Accounts receivable, net 2,634,644 1,622,434   794,136  
Inventories 11,013,569 6,666,912    
Contract assets 323,931 573,895   893,375  
Prepaid expenses 5,392,527 5,046,599      
Other current assets 54,384 56,410      
Total Current assets 32,147,863 36,963,047   23,169,058  
Property and equipment, net 16,950,015 15,167,367   1,437,311  
Operating lease right-of-use asset 256,389 317,208   513,763  
Other assets 140,197 155,490   47,240  
Total assets 49,494,464 52,603,112   25,167,372  
Current liabilities:          
Accounts payable 2,607,473 324,484   1,402,424  
Accrued liabilities 3,656,268 3,142,977   1,576,433  
Operating lease liabilities - current 347,392 410,158   353,598  
Notes payable – current     10,250,000  
Notes payable, related parties – current     3,000,000  
Accrued expenses – related party 75,702 84,624      
Total Current Liabilities 6,611,133 3,877,619   16,582,455  
Warrant liabilities 34,925,245 32,688,342    
Operating lease liabilities - long-term 6,251 87,214   467,208  
Notes payable - long-term, net of discount 16,829,983 15,922,118   14,708,333  
Other liabilities     20,833  
Total Liabilities 58,372,612 52,575,293   31,778,829  
Commitments and Contingencies    
Stockholders’ (Deficit) Equity          
Preferred stock      
Common stock 4,728 4,725   967  
Additional paid-in capital 69,402,246 68,128,196   33,221,505  
Accumulated deficit (78,285,122) (68,105,102)   (39,844,531)  
Total Stockholders’ Equity (Deficit) (8,878,148) 27,819 $ (13,083,601) (6,611,457) $ (1,428,721)
Total Liabilities and Stockholders’ Equity (Deficit) $ 49,494,464 52,603,112   25,167,372  
Series A Preferred Stock          
Stockholders’ (Deficit) Equity          
Preferred stock     3,348  
Series B Preferred Stock          
Stockholders’ (Deficit) Equity          
Preferred stock     7,254  
CleanTech Acquisition Corp          
Current assets:          
Cash and cash equivalents     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    
Common stock     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
Previously Reported          
Current assets:          
Prepaid expenses   2,392,978   67,219  
Other current assets   $ 2,710,031   $ 210,225