Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and Cash Equivalents $ 100,581,795 $ 120,203,873
Accounts Receivable 1,563,906 2,242,429
Accrued Revenues in Excess of Billings 108,866  
Inventories, Net 11,792,089 12,151,982
Manufacturing Vendor Prepayments 1,158,620 504,051
Prepaid Expenses and Other Assets 1,735,955 2,047,819
Total Current Assets 116,941,231 137,150,154
Long-Term Assets    
Fixed Assets, Net 8,051,264 5,190,438
Operating Lease Right-of-Use Asset 837,920 1,117,022
Patents and Trademarks, Net 2,136,585 1,988,370
Licenses, Net 16,089,035 1,389,936
Intangible Asset, Net   147,548
Other Assets, Net 1,839,047 1,483,589
Total Assets 145,895,082 148,467,057
Current Liabilities    
Accounts Payable 1,321,949 2,054,762
Unearned Revenue 40,626 27,797
Accrued Expenses 1,614,583 1,419,308
Licensing Fees Commitment 4,250,000  
Income and Other Taxes Payable 43,856 120,242
Operating Lease Right-of-Use Liability 520,009 534,146
Total Current Liabilities 7,791,023 4,156,255
Long-Term Liabilities    
Operating Lease Right-of-Use Liability 317,911 582,876
Licensing Fees Commitment 6,250,000  
Total Long-Term Liabilities 6,567,911 582,876
Total Liabilities 14,358,934 4,739,131
Stockholders' Equity    
Common Stock - $0.001 Par Value, 100,000,000 shares authorized; 64,025,640 shares issued and 63,988,955 shares outstanding as of June 30, 2022 and 63,672,268 shares issued and outstanding as of December 31, 2021. 64,026 63,672
Additional Paid-in Capital 355,322,990 346,736,397
Accumulated Deficit (223,599,811) (203,072,143)
Treasury Stock, at cost, 36,685 shares as of June 30, 2022 and 0 shares as of December 31, 2021 (251,057)  
Total Stockholders' Equity 131,536,148 143,727,926
Total Liabilities and Stockholders' Equity $ 145,895,082 $ 148,467,057