Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.21.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 22,474,866 $ 28,268,000
Inventory 649,937 768,319
Prepaid expenses and vendor deposits 209,000 301,000
Total current assets 23,333,549 29,337,000
Property and equipment, net 381,401 288,560
Right-to-use assets, net 356,266 306,484
Patents, net 341,000 346,000
Trademarks 1,000 1,000
Prepaid expenses, long term 1,000 5,000
Deposits 102,000 102,000
Total assets 24,516,000 30,386,000
Current liabilities:    
Accounts payable and accrued expenses, including $147 and $317 to related parties as of March 31, 2021 and December 31, 2020, respectively 3,459,035 4,722,137
Deferred revenue, short term 32,156 0
Dividends payable 75,000 73,000
Lease liability, short term 329,924 312,691
Total current liabilities 3,896,000 5,108,000
Deferred revenue, long term 29,476 0
Lease liability, long term 28,110 720
Total long-term debt 57,000 1,000
Total liabilities 3,953,000 5,109,000
Series C 9% Convertible Preferred Stock, $0.001 par value, $1,000 stated value, authorized 4,200 shares, 105 shares issued and outstanding; liquidation preference of $105 as of March 31, 2021 and December 31, 2020 105,000 105,000
Equity:    
Preferred stock, 0 0
Common stock, $0.001 par value, authorized 200,000,000 shares, 32,114,781 and 30,764,792 issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 32,000 31,000
Additional paid in capital 185,168,000 181,344,000
Accumulated deficit (165,324,000) (157,005,000)
Total stockholders' equity (deficit) 19,876,000 24,370,000
Non-controlling interest 582,388 802,269
Total equity 20,458,000 25,172,000
Total liabilities and stockholders' equity (deficit) $ 24,516,000 $ 30,386,000