v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash $ 4,184,006 $ 23,203,230
Accounts receivable 2,423,474 2,157,108
Inventory 4,694,781 5,754,748
Prepaid expenses and other current assets 6,638,522 4,874,704
Total current assets 17,940,783 35,989,790
Property and equipment, net 13,489,016 13,700,876
Intangible assets 262,966 262,966
Deferred tax assets 2,314,907
Operating lease right-of-use 1,253,724
Other assets 267,707 267,707
Total assets 33,214,196 52,536,246
Current liabilities    
Accounts payable 36,200,511 40,591,938
Customer deposits 8,838,813 15,497,857
Accrued expenses 5,939,896 6,221,330
Other current liabilities 2,917,478 3,930,841
Operating lease liabilities 697,333  
Total current liabilities 54,594,031 66,241,966
Other non-current liabilities    
Operating lease, net of current portion 556,391  
Total liabilities 55,150,422 66,241,966
COMMITMENTS AND CONTINGENCIES (Note 6)
SHAREHOLDERS’ DEFICIT    
100,000,000 Class A shares authorized and 34,114,449 and 33,965,804 issued and outstanding, as of September 30, 2022 and December 31, 2021, respectively 3,411 3,396
Additional paid in capital 9,866,946 6,973,541
Accumulated deficit (31,806,583) (20,682,657)
Total shareholders’ deficit (21,936,226) (13,705,720)
Total liabilities and shareholders’ deficit $ 33,214,196 $ 52,536,246

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