Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
|
Jun. 30, 2020 |
Dec. 31, 2019 |
| Current Assets |
|
|
| Cash and cash equivalents |
$ 18,550,437
|
$ 893,138
|
| Accounts receivables, net |
5,349,876
|
131,382
|
| Inventory |
10,110,786
|
197,168
|
| Prepaid expenses |
521,180
|
362,566
|
| Total current assets |
34,532,279
|
1,584,254
|
| Other Assets |
|
|
| Property and equipment, net |
473,376
|
196,832
|
| Investment in joint venture |
1,416,480
|
434,240
|
| Total other assets |
1,889,856
|
631,072
|
| Total assets |
36,422,135
|
2,215,326
|
| Current Liabilities |
|
|
| Accounts payable |
1,127,709
|
5,959
|
| Accrued expenses |
691,385
|
200,788
|
| Accrued expenses (related party) |
120,000
|
120,000
|
| Deferred revenue |
1,045,548
|
1,323
|
| Total current liabilities |
2,984,642
|
328,070
|
| Long-term Liabilities, net of current portion |
|
|
| Accrued expenses-long-term (related party) |
80,000
|
150,000
|
| Total long-term liabilities, net of current portion |
80,000
|
150,000
|
| Total liabilities |
3,064,642
|
478,070
|
| STOCKHOLDERS' EQUITY |
|
|
| Convertible preferred stock, $0.001 par value; 5,000,000 shares authorized, 0 and 25,600 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively |
|
26
|
| Common stock, $0.001 par value, 100,000,000 shares authorized; 27,991,042 and 17,342,922 shares issued and outstanding, as of June 30, 2020 and December 31, 2019, respectively. |
27,991
|
17,343
|
| Additional paid-in capital |
46,726,869
|
26,687,701
|
| Accumulated deficit |
(13,397,367)
|
(24,967,814)
|
| Total stockholders' equity |
33,357,493
|
1,737,256
|
| Total liabilities and stockholders' equity |
$ 36,422,135
|
$ 2,215,326
|