Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.23.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash $ 1,597,331 $ 2,295,259
Inventory 1,310,693 583,437
Prepaid and other current assets 5,972,020 3,476,748
Total current assets 9,862,688 7,449,868
Property and equipment, net 7,252,223 2,554,992
Operating lease right-of-use assets 183,800 249,937
Intangible asset 398,135
Other assets 59,418 42,778
Total Assets 17,756,264 10,297,575
Current liabilities    
Accounts payable and other current liabilities 5,962,192 3,415,845
Accounts payable and accrued interest - related party 596,189 566,636
Asset-based loan liability 500,187 502,349
Notes payable 1,916,278 1,599,150
Operating lease liability 189,718 199,158
Total current liabilities 9,272,626 6,359,052
Operating lease liability - non-current 63,310
Total Liabilities 9,272,626 6,422,362
Commitments and contingencies
Stockholders’ Equity    
Preferred Stock: 5,000,000 shares authorized; $0.0001 par value; no shares issued and outstanding
Additional paid-in capital 47,756,113 32,129,257
Accumulated deficit (39,280,571) (28,255,846)
Total Stockholders’ Equity 8,483,638 3,875,213
Total Liabilities and Stockholders’ Equity 17,756,264 10,297,575
Common Class A [Member]    
Stockholders’ Equity    
Common stock value 7,096 802
Common Class B [Member]    
Stockholders’ Equity    
Common stock value 1,000 1,000
Nonrelated Party [Member]    
Current assets    
Accounts receivable 628,616 850,340
Contract asset 77,124 60,932
Current liabilities    
Contract liability 77,124 60,932
Related Party [Member]    
Current assets    
Accounts receivable 245,966 168,170
Contract asset 30,938 14,982
Current liabilities    
Contract liability $ 30,938 $ 14,982