Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEET

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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash $ 2,491,289 $ 1,504,225
Accounts receivable 696,933 2,777,607
Inventory 926,343 991,131
Prepaid expenses and other assets 198,970 267,393
Total current assets 4,313,535 5,540,356
Security deposits 10,175 10,175
Property and equipment, net 1,828,049 1,828,592
Right of use asset - operating lease 41,733 51,563
Intellectual property, net 1,858,447 1,909,597
Total assets 8,051,939 9,340,283
Current liabilities    
Accounts payable and accrued expenses (related party of $70,833 and $25,000) 2,267,496 2,946,835
Current portion of operating lease liability 43,805 43,262
Accrued interest 6,113 0
Customer credits 167,000 167,000
Accrued salaries 30,054 67,478
Total current liabilities 2,514,468 3,224,575
Operating lease liability 0 11,289
Secured note payable, net of discount related party 224,771 219,962
Unsecured note payable, net of discount and issuance costs related party 9,987,714 9,663,056
Profit share liability related party 3,829,300 3,638,260
Total liabilities 16,556,253 16,757,142
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 94,249,676 shares issued and outstanding as of March 31, 2023 93,087,796 shares issued and outstanding as of December 31, 2022 94,250 93,088
Additional paid-in capital 61,546,809 61,188,442
Accumulated deficit (70,145,373) (68,698,389)
Total stockholders' deficit (8,504,314) (7,416,859)
Total liabilities and stockholders' deficit $ 8,051,939 $ 9,340,283