Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash $ 1,216,107 $ 2,295,259
Inventory 1,217,929 583,437
Prepaid and other current assets 5,405,453 3,476,748
Total current assets 9,202,310 7,449,868
Property and equipment, net 9,570,214 2,554,992
Operating lease right-of-use assets 115,573 249,937
Intangible asset 398,135
Other assets 64,880 42,778
Total Assets 19,351,112 10,297,575
Current liabilities    
Accounts payable and other current liabilities 6,697,562 3,415,845
Accounts payable and accrued interest - related party 677,039 566,636
Asset-based loan liability 2,587,900 502,349
Notes payable 2,017,286 1,599,150
Operating lease liability 119,272 199,158
Total current liabilities 12,219,356 6,359,052
Operating lease liability - non-current 63,310
Total Liabilities 12,219,356 6,422,362
Commitments and contingencies
Stockholders’ Equity’    
Preferred stock value
Common stock value
Additional paid-in capital 49,918,441 32,131,041
Accumulated deficit (42,786,793) (28,255,846)
Total Stockholders’ Equity 7,131,756 3,875,213
Total Liabilities and Stockholders’ Equity 19,351,112 10,297,575
Series A Preferred Stock [Member]    
Stockholders’ Equity’    
Preferred stock value
Common Class A [Member]    
Stockholders’ Equity’    
Common stock value 98 8
Common Class B [Member]    
Stockholders’ Equity’    
Common stock value 10 10
Nonrelated Party [Member]    
Current assets    
Accounts receivable 1,175,077 850,340
Contract asset 77,124 60,932
Current liabilities    
Contract liability 77,124 60,932
Related Party [Member]    
Current assets    
Accounts receivable 67,447 168,170
Contract asset 43,173 14,982
Current liabilities    
Contract liability $ 43,173 $ 14,982