Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.23.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash $ 7,863,849 $ 2,295,259
Inventory 1,120,960 583,437
Contract asset 60,932 60,932
Contract asset - related party 30,938 14,982
Prepaid and other current assets 4,949,324 3,476,748
Total current assets 14,833,687 7,449,868
Property and equipment, net 5,089,776 2,554,992
Operating lease right-of-use assets, net 251,201 249,937
Other assets 54,120 42,778
Total Assets 20,228,784 10,297,575
Current Liabilities    
Accounts payable and other current liabilities 4,786,656 3,415,845
Accounts payable and accrued interest - related party 566,171 566,636
Contract liability 60,932 60,932
Contract liability - related party 30,938 14,982
Asset-based loan liability 216,382 502,349
Notes payable 1,781,529 1,599,150
Operating lease liabilities 259,338 199,158
Total current liabilities 7,701,946 6,359,052
Operating lease liabilities - non-current 63,310
Total Liabilities 7,701,946 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 47,718,345 32,129,257
Accumulated deficit (35,198,486) (28,255,846)
Total Stockholders’ Equity 12,526,838 3,875,213
Total Liabilities and Stockholders’ Equity 20,228,784 10,297,575
Common Class A [Member]    
Stockholders’ Equity    
Common stock value 5,979 802
Common Class B [Member]    
Stockholders’ Equity    
Common stock value 1,000 1,000
Nonrelated Party [Member]    
Current assets    
Accounts receivable - related parties 694,210 850,340
Related Party [Member]    
Current assets    
Accounts receivable - related parties $ 113,474 $ 168,170