v3.22.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash $ 5,329,863 $ 893,720
Accounts receivable, net 329,946 1,738,543
Contract assets 267,672 3,449
Inventory 322,764 298,338
Prepaid expenses and other current assets 838,981 354,613
Total Current Assets 7,089,226 3,288,663
Property and equipment, net 632,631 603,253
Operating lease right of use asset 4,848,129 4,925,765
Security deposit 600,000 600,000
OTHER ASSETS:    
Patents and trademarks, net 65,554 66,482
Total Other Assets 65,554 66,482
TOTAL ASSETS 13,235,540 9,484,163
CURRENT LIABILITIES:    
Accounts payable 967,193 1,044,500
Notes payable - financing agreements 166,657 52,503
Accrued expenses 587,471 618,093
Equipment financing payable-current portion 67,563 80,335
Operating lease obligations-current portion 395,468 315,302
Contract liabilities 2,364,018 1,829,311
Total Current Liabilities 4,548,370 3,940,044
Equipment financing payable, less current portion 11,664 22,851
Operating lease obligations, less current portion 4,729,710 4,739,783
Total Liabilities 9,289,744 8,702,678
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value, Issued
Common stock: $0.001 par value; 500,000,000 shares authorized, 6,096,541 and 4,111,047 shares issued, 6,095,217 and 4,109,723 shares outstanding at March 31, 2022 and December 31, 2021, respectively 6,097 4,111
Additional paid-in-capital 51,387,818 43,080,877
Total stock and paid-in-capital 52,244,915 46,435,988
Accumulated deficit (48,141,667) (45,497,051)
Sub-total 4,103,248 938,937
Less:  Treasury stock (1,324 shares of common stock at March 31, 2022 and December 31, 2021) (157,452) (157,452)
Total Stockholders' Equity 3,945,796 781,485
Total Liabilities and Stockholders' Equity 13,235,540 9,484,163
Convertible Series A Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value, Issued
Convertible Series B Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value, Issued 851,000 851,000
Convertible Series C Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value, Issued $ 2,500,000

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