| | | | | | |
| | September 30, |
| | 2023 | | 2022 |
ASSETS | | | | | | |
CURRENT ASSETS | | | | | | |
Cash and cash equivalents | | $ | 155,267,098 | | $ | 54,085,685 |
Restricted cash | | | 429,372 | | | 30,289,400 |
Accounts receivable | | | 671,750 | | | — |
Inventory | | | 16,807,013 | | | — |
Prepaid expenses and other current assets | | | 24,955,223 | | | 1,958,759 |
TOTAL CURRENT ASSETS | | | 198,130,456 | | | 86,333,844 |
| | | | | | |
Property, plant, and equipment, net | | | 82,032,785 | | | 14,803,716 |
Intangible assets, net | | | 104,235,249 | | | 93,947,018 |
Deposit on ELMS assets purchase | | | — | | | 5,500,000 |
Related party receivable | | | 2,250,489 | | | 1,232,387 |
Right-of-use assets | | | 5,249,417 | | | 4,597,052 |
Goodwill, net | | | 28,846,832 | | | 92,834,832 |
Other non-current assets | | | 960,502 | | | 3,345,631 |
TOTAL ASSETS | | $ | 421,705,730 | | $ | 302,594,479 |
| | | | | | |
LIABILITIES AND STOCKHOLDERS' EQUITY | | | | | | |
CURRENT LIABILITIES | | | | | | |
Accounts payable | | $ | 13,175,504 | | $ | 6,109,425 |
Accrued expenses and other current liabilities | | | 41,201,929 | | | 7,185,881 |
Dividends payable | | | 401,859 | | | 7,762,255 |
Derivative liabilities | | | 64,863,309 | | | 84,799,179 |
Liability to issue shares | | | 9,935,950 | | | 10,710,000 |
Lease liabilities, current portion | | | 2,134,494 | | | 1,428,474 |
Notes payable, current portion | | | 7,461,492 | | | 3,856,497 |
Refundable deposits | | | 429,372 | | | 289,000 |
Other current liabilities | | | 7,000 | | | 90,372 |
TOTAL CURRENT LIABILITIES | | | 139,610,909 | | | 122,231,083 |
Notes payable, net of current portion | | | — | | | 5,164,552 |
Liability to issue shares, net of current portion | | | 1,827,889 | | | — |
Lease liabilities, net of current portion | | | 3,566,922 | | | 3,359,354 |
Deferred tax liability | | | 3,891,900 | | | 14,882,782 |
TOTAL LIABILITIES | | | 148,897,620 | | | 145,637,771 |
Commitments and Contingencies | | | | | | |
| | | | | | |
STOCKHOLDERS' EQUITY | | | | | | |
Preferred stock; $0.001 par value; 500,000,000 preferred shares authorized; | | | | | | |
Preferred Series D; 437,500,001 shares authorized; 363,097 and 4,359,652 shares issued and outstanding at September 30, 2023 and September 30, 2022, respectively (preference in liquidation of $159,000 and $1,909,091 at September 30, 2023 and 2022, respectively) | | | 363 | | | 4,359 |
Preferred Series C; 40,000,000 shares authorized; 1,211,757 and 1,360,321 shares issued and outstanding at September 30, 2023 and September 30, 2022, respectively (preference in liquidation of $10,696,895 and $12,025,238 at September 30, 2023 and 2022, respectively) | | | 1,212 | | | 1,360 |
Preferred Series A; 200,000 shares authorized; 648 and 1,924 shares issued and outstanding at September 30, 2023 and September 30, 2022, respectively (preference in liquidation of $836 and $2,482 at September 30, 2023 and 2022, respectively) | | | 1 | | | 2 |
Common stock; $0.001 par value; 5,000,000,000 and 1,750,000,000 shares authorized at September 30, 2023 and September 30, 2022, respectively; 2,871,707 and 37,043 shares issued and outstanding at September 30, 2023 and 2022 respectively (*) | | | 2,872 | | | 37 |
Additional paid-in capital (*) | | | 2,071,110,126 | | | 948,598,587 |
Accumulated deficit | | | (1,862,162,037) | | | (889,907,455) |
TOTAL STOCKHOLDERS' EQUITY ATTRIBUTABLE TO THE COMPANY'S STOCKHOLDERS | | | 208,952,537 | | | 58,696,890 |
Noncontrolling interest | | | 63,855,573 | | | 98,259,819 |
TOTAL STOCKHOLDERS' EQUITY | | | 272,808,110 | | | 156,956,709 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | | $ | 421,705,730 | | $ | 302,594,479 |
(*) Adjusted retroactively for reverse stock splits. | | | | | | |