Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and Cash Equivalents $ 36,069,508 $ 10,606,091
Accounts Receivable 1,388,882 1,371,913
Note Receivable   250,000
Inventories, Net 6,100,824 5,707,867
Licenses 272,444  
Manufacturing Vendor Prepayments 485,032 242,539
Prepaid Expenses and Other Assets 738,561 895,098
Total Current Assets 45,055,251 19,073,508
Long-Term Assets    
Fixed Assets, Net 2,837,402 4,327,676
Operating Lease Right-of-Use Asset 1,517,306 2,096,190
Patents and Trademarks, Net 1,593,049 1,294,675
Licenses, Net 193,687 314,416
Intangible Asset, Net 566,456 990,000
Other Assets, Net 708,333 350,000
Total Assets 52,471,484 28,446,465
Current Liabilities    
Accounts Payable 1,517,155 1,062,785
Unearned Revenue 41,152 142,463
Accrued Expenses 983,033 885,897
Taxes Payable 109,653 18,687
Operating Lease Right-of-Use Liability 444,495 524,825
Total Current Liabilities 3,095,488 2,634,657
Long-Term Liabilities    
Operating Lease Right-of-Use Liability 1,072,811 1,571,365
Total Liabilities 4,168,299 4,206,022
Stockholders' Equity    
Preferred Stock - $0.001 Par Value, 5,000,000 Shares Authorized; 49,626 Shares Issued and Outstanding as of December 31, 2020 and December 31, 2019. 50 50
Common Stock - $0.001 Par Value, 100,000,000 Shares Authorized; 45,645,166 and 33,128,620 Shares Issued and Outstanding as of December 31, 2020 and December 31, 2019. 45,645 33,128
Additional Paid-in Capital 210,952,473 168,950,076
Accumulated Deficit (162,694,983) (144,742,811)
Total Stockholders' Equity 48,303,185 24,240,443
Total Liabilities and Stockholders' Equity $ 52,471,484 $ 28,446,465