Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 29,683,014 $ 2,999,053
Accounts receivable, net 1,666,248 6,675,512
Deferred rents receivable 1,677,715 1,940,181
Note receivable, current portion 126,713 658,122
Inventory 9,767,856 6,830,571
Investments 250,600 1,357,193
Other current assets 1,440,831 582,589
Total current assets 44,612,977 21,043,221
Property and equipment, net 62,150,146 45,636,529
Intangibles, net 2,230,303 2,228,560
Investments 1,165,788
Note receivable, less current portion 8,986,557 965,008
Right-of-use assets under operating leases 5,081,230 5,247,152
Right-of-use assets under finance leases 45,737 78,420
Other assets 97,951 80,493
Total assets 123,204,901 76,445,171
Current liabilities:    
Accounts payable 5,098,533 5,044,918
Accrued expenses 1,348,673 2,725,544
Income taxes payable 16,467,264 895,725
Sales and excise taxes payable 1,797,755 1,053,693
Debentures payable 1,032,448
Notes payable, current portion 9,891 8,859,175
Mortgages payable, current portion 1,400,331 1,387,014
Operating lease liabilities, current portion 1,071,079 1,008,227
Finance lease liabilities, current portion 27,123 38,412
Due to related parties 1,157,815
Other current liabilities 1,920 23,640
Total current liabilities 27,222,569 23,226,611
Notes payable, less current portion 448,341 10,682,234
Mortgages payable, less current portion 16,813,466 14,744,136
Operating lease liabilities, less current portion 4,573,857 4,822,064
Finance lease liabilities, less current portion 22,455 44,490
Other liabilities 100,200 100,200
Total liabilities 49,180,888 53,619,735
Mezzanine equity:    
Total mezzanine equity 37,725,000 14,725,000
Stockholders’ equity:    
Undesignated preferred stock, $0.001 par value; 38,875,451 and 45,091,667 shares authorized at December 31, 2021 and 2020, respectively; zero shares issued and outstanding at December 31, 2021 and 2020
Common stock, $0.001 par value; 700,000,000 and 500,000,000 shares authorized at December 31, 2021 and 2020, respectively; 334,030,348 and 314,418,812 shares issued and outstanding at December 31, 2021 and 2020, respectively 334,030 314,419
Common stock subscribed but not issued; zero and 11,413 shares at December 31, 2021 and 2020, respectively 5,365
Additional paid-in capital 134,920,382 112,974,329
Accumulated deficit (97,392,017) (104,616,538)
Noncontrolling interests (1,563,382) (577,139)
Total stockholders’ equity 36,299,013 8,100,436
Total liabilities, mezzanine equity, and stockholders’ equity 123,204,901 76,445,171
Series B Convertible Preferred Stock [Member]    
Mezzanine equity:    
Total mezzanine equity 14,725,000 14,725,000
Series C Convertible Preferred Stock [Member]    
Mezzanine equity:    
Total mezzanine equity $ 23,000,000