Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash $ 1,444,369 $ 1,216,107
Inventory 1,400,686 1,217,929
Prepaid and other current assets 4,449,118 5,405,453
Total current assets 8,303,412 9,202,310
Property and equipment, net 12,800,850 9,570,214
Operating lease right-of-use assets 262,007 115,573
Intangible asset 398,135 398,135
Other assets 74,969 64,880
Total Assets 21,839,373 19,351,112
Current liabilities    
Accounts payable and other current liabilities 4,552,652 6,697,562
Accounts payable and accrued interest - related party 887,402 677,039
Asset-based loan liability 861,660 2,587,900
Notes payable 2,048,451 2,017,286
Operating lease liability 262,007 119,272
Total current liabilities 8,735,296 12,219,356
Operating lease liability - non-current
Total Liabilities 8,735,296 12,219,356
Commitments and contingencies
Stockholders’ Equity    
Additional paid-in capital 63,879,410 49,918,441
Accumulated deficit (50,775,752) (42,786,793)
Total Stockholders’ Equity 13,104,077 7,131,756
Total Liabilities and Stockholders’ Equity 21,839,373 19,351,112
Series A Preferred Stock [Member]    
Stockholders’ Equity    
Preferred stock, value
Common Class A [Member]    
Stockholders’ Equity    
Common stock, value 409 98
Common Class B [Member]    
Stockholders’ Equity    
Common stock, value 10 10
Nonrelated Party [Member]    
Current assets    
Accounts receivable 621,313 1,175,077
Contract asset 77,124 77,124
Current liabilities    
Contract liability 77,124 77,124
Related Party [Member]    
Current assets    
Accounts receivable 264,802 67,447
Contract asset 46,000 43,173
Current liabilities    
Contract liability $ 46,000 $ 43,173