Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash $ 6,171,759 $ 1,216,107
Inventory 1,423,588 1,217,929
Prepaid and other current assets 4,768,330 5,405,453
Total current assets 13,306,767 9,202,310
Property and equipment, net 11,547,302 9,570,214
Operating lease right-of-use assets 46,511 115,573
Intangible asset 398,135 398,135
Other assets 72,030 64,880
Total Assets 25,370,745 19,351,112
Current liabilities    
Accounts payable and other current liabilities 3,540,192 6,697,562
Accounts payable and accrued interest - related party 886,331 677,039
Asset-based loan liability 1,599,653 2,587,900
Notes payable 2,016,951 2,017,286
Operating lease liability 47,990 119,272
Total current liabilities 8,211,414 12,219,356
Total Liabilities 8,211,414 12,219,356
Commitments and contingencies
Stockholders’ Equity    
Preferred stock, value
Common stock, value
Additional paid-in capital 63,798,580 49,918,441
Accumulated deficit (46,639,668) (42,786,793)
Total Stockholders’ Equity 17,159,331 7,131,756
Total Liabilities and Stockholders’ Equity 25,370,745 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 650,763 1,175,077
Contract asset 77,124 77,124
Current liabilities    
Contract liability 77,124 77,124
Related Party [Member]    
Current assets    
Accounts receivable 172,030 67,447
Contract asset 43,173 43,173
Current liabilities    
Contract liability $ 43,173 $ 43,173