Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash $ 1,257,148 $ 1,388,307
Accounts receivable 3,298,449 1,015,053
Inventory 959,589 1,075,401
Prepaid expenses and other current assets (related party of $0 and $70,000) 562,805 312,008
Total current assets 6,077,991 3,790,769
Security deposits 10,175 10,175
Property and equipment, net 1,829,067 1,829,544
Right of use asset - operating lease 108,577 390,098
Intellectual property, net 1,960,747 2,114,197
Total assets 9,986,557 8,134,783
Current liabilities    
Accounts payable and accrued expenses (related party of $145,833 and $206,554) 3,086,097 2,267,711
Current portion of equipment notes payable 0 2,677
Current portion of operating lease liability 78,494 340,207
Customer credits 189,500 167,000
Accrued salaries 287,341 562,430
Short term debt - related party 250,000 0
Secured note payable - related party 0 271,686
Unsecured note payable, net of discount and issuance costs - related party 0 11,871,254
Total current liabilities 3,891,432 15,482,965
Operating lease liability 33,190 54,551
Secured note payable - related party 271,686 0
Unsecured note payable, net of discount and issuance costs - related party 12,666,657 0
Profit share liability - related party 3,312,896 2,836,743
Total liabilities 20,175,861 18,374,259
Stockholders' deficit    
Preferred stock, $0.001 par value: 2,000,000 shares authorized, no shares issued 0 0
Common stock; $0.001 par value; 150,000,000 shares authorized; 89,871,132 and 89,115,951 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 89,871 89,116
Additional paid-in capital 57,773,207 56,788,321
Accumulated deficit (68,052,382) (67,116,913)
Total stockholders' deficit (10,189,304) (10,239,476)
Total liabilities and stockholders' deficit $ 9,986,557 $ 8,134,783