v3.24.2.u1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,016,784 $ 17,448
Accounts receivable, net 364,355 182,753
Contract assets 113,001 10,745
Held for sale assets 4,400,361 4,400,361
Inventories 223,402 156,512
Prepaid expenses and other current assets 1,279,667 572,779
Total current assets 7,397,570 5,340,598
Property, plant and equipment, net 5,505,596 5,582,401
Project development costs and other non-current assets 789,318 604,327
Goodwill 1,810,787
Right-of-use asset 1,225,370 1,987,137
Intangible assets, net 557,261 23,616
Deferred contract costs, net 30,589
Investment in and advances to equity affiliates 3,642,607 3,642,607
Total Assets 20,928,509 17,211,275
Current liabilities:    
Accounts payable and accrued expenses 10,005,910 9,854,263
Contract liabilities 1,737,394 1,366,998
Lease liability, current maturities 463,114 856,088
Short-term notes payable, net 10,103,921 8,472,080
Total current liabilities 22,310,339 20,549,429
Long-term note payable 2,462,445 2,447,415
Contingent consideration liability 945,000
Lease liability, net of current maturities 549,290
Total liabilities 25,717,784 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; 1,747,992 issued and outstanding as of June 30, 2024 and 881,387 issued and 814,969 outstanding as of December 31, 2023 17,480 8,814
Additional paid-in capital 75,400,798 68,555,050
Treasury stock, at cost 3,371 shares as of June 30, 2024 and December 31, 2023 (92,396) (92,396)
Accumulated deficit (84,459,662) (75,930,805)
Non-controlling interest 4,344,505 1,124,478
Total stockholders’ equity (4,789,275) (6,334,859)
Total Liabilities and Stockholders’ Equity $ 20,928,509 $ 17,211,275

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