Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.4
Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash $ 2,295,259 $ 13,710,845
Accounts receivable, net 850,340 130,856
Accounts receivable - related parties 168,170 443,282
Inventory 583,437 127,502
Contract asset 60,932
Contract asset - related party 14,982
Prepaid and other current assets 3,476,748 1,595,099
Total current assets 7,449,868 16,007,584
Property and equipment, net 2,554,992 775,070
Operating lease right-of-use assets 249,937 504,811
Other 42,778 12,486
Total Assets 10,297,575 17,299,951
Current Liabilities    
Accounts payable and other current liabilities 3,415,845 1,845,460
Accounts payable and accrued interest - related party 566,636 588,797
Contract liability 60,932
Contract liability - related party 14,982 63,411
Factoring liability 502,349
Note payable 1,599,150
Notes payable - related party 1,000,000
Operating lease liability 199,158 261,674
Finance lease liability 50,927
Total Current Liabilities 6,359,052 3,810,269
Note payable - non-current 1,120,051
Notes payable - related party - non-current 1,350,000
Operating lease liability - non-current 63,310 262,468
Finance lease liability - non-current 97,092
Total Liabilities 6,422,362 6,639,880
Commitments and contingencies  
Stockholders’ Equity    
Additional paid-in capital 32,129,257 26,074,292
Accumulated deficit (28,255,846) (15,415,878)
Total Stockholders’ Equity 3,875,213 10,660,071
Total Liabilities and Stockholders’ Equity 10,297,575 17,299,951
Common Class A [Member]    
Stockholders’ Equity    
Common stock value 802 657
Common Class B [Member]    
Stockholders’ Equity    
Common stock value $ 1,000 $ 1,000