v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash $ 15,827,503 $ 23,203,230
Accounts receivable 3,090,131 2,157,108
Inventory 5,972,282 5,754,748
Prepaid expenses and other current assets 5,534,506 4,874,704
Total current assets 30,424,422 35,989,790
Property and equipment, net 14,024,686 13,700,876
Intangible assets 262,966 262,966
Deferred tax assets 3,195,973 2,314,907
Operating lease right-of-use 1,074,390  
Other assets 267,707 267,707
Total assets 49,250,144 52,536,246
Current liabilities    
Accounts payable 35,606,725 40,591,938
Customer deposits 17,941,597 15,497,857
Accrued expenses 6,948,508 6,221,330
Other current liabilities 4,046,351 3,930,841
Operating lease liabilities 680,173  
Total current liabilities 65,223,354 66,241,966
Other non-current liabilities    
Operating lease, net of current portion 394,217  
Total liabilities 65,617,571 66,241,966
COMMITMENTS AND CONTINGENCIES (Note 6)
SHAREHOLDERS’ DEFICIT    
Preferred stock, $0.0001 par value per share; 1,000,000 shares authorized and 0 issued and outstanding
Common stock, $0.0001 par value per share; 10,000,000 Class F shares authorized and 0 issued and outstanding
100,000,000 Class A shares authorized and 33,965,804 issued and outstanding, as of March 31, 2022 and December 31, 2021 3,396 3,396
Additional paid in capital 8,265,021 6,973,541
Accumulated deficit (24,635,844) (20,682,657)
Total shareholders’ deficit (16,367,427) (13,705,720)
Total liabilities and shareholders’ deficit $ 49,250,144 $ 52,536,246

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