v3.24.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 256,957 $ 14,212
Accounts receivable, net 168,240 182,753
Contract assets 184,520 10,745
Inventories 742,144 156,512
Prepaid expenses and other current assets 649,001 340,790
Current assets of discontinued operations 4,635,586
Total current assets 2,000,862 5,340,598
Property, plant and equipment, net 4,206,315 4,388,177
Project development costs and other non-current assets 693,078 538,989
Right-of-use asset 1,120,337 1,987,137
Intangible assets, net 15,075 1,406
Deferred contract costs, net 30,589
Investment in and advances to equity affiliates 1,763,594
Long-term assets of discontinued operations 4,924,379
Total Assets 9,799,261 17,211,275
Current liabilities:    
Accounts payable and accrued expenses 8,653,998 8,992,971
Contract liabilities 755,064 1,366,998
Lease liability, current maturities 265,627 856,088
Due to affiliates 1,717,694
Short-term notes payable, net 1,845,611 1,661,183
Current liabilities of discontinued operations 7,672,189
Total current liabilities 13,237,994 20,549,429
Long-term notes payable, net 4,720,194 2,447,415
Lease liability, net of current maturities 549,290
Total liabilities 17,958,188 23,546,134
Stockholders’ equity:    
Preferred stock, $1.00 par value, 5,405,010 shares authorized; none issued or outstanding
Common stock, $0.01 par value, 75,000,000 shares authorized; 2,258,103 issued and outstanding as of September 30, 2024 and 881,387 issued and 814,969 outstanding as of December 31, 2023 22,581 8,814
Additional paid-in capital 79,353,348 69,003,597
Treasury stock, at cost 3,371 shares as of September 30, 2024 and December 31, 2023 (92,396) (92,396)
Accumulated deficit (87,442,460) (75,930,805)
Non-controlling interest 675,931
Total stockholders’ equity (8,158,927) (6,334,859)
Total Liabilities and Stockholders’ Equity $ 9,799,261 $ 17,211,275

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