Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash $ 376,695 $ 1,388,307
Accounts receivable 1,856,958 1,015,053
Inventory 925,066 1,075,401
Prepaid expenses and other current assets (related party of $95,500 and $70,000) 269,166 312,008
Total current assets 3,427,885 3,790,769
ASSETS    
Security deposits 10,175 10,175
Property and equipment, net 1,820,800 1,829,544
Right of use asset- operating lease 285,401 390,098
Intellectual property, net 2,063,047 2,114,197
Total assets 7,607,308 8,134,783
Current liabilities    
Accounts payable and accrued expenses (related party of $206,250 and $206,554) 2,260,357 2,267,711
Current portion of equipment notes payable 0 2,677
Current portion of operating lease liability 245,607 340,207
Customer credits 167,000 167,000
Accrued salaries 523,326 562,430
Secured note payable - related party 271,686 271,686
Unsecured note payable, net of discount and issuance costs - related party 12,358,727 11,871,254
Total current liabilities 15,826,703 15,482,965
Operating lease liability 43,936 54,551
Profit share liability - related party 2,985,704 2,836,743
Total liabilities 18,856,343 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; 89,121,132 and 89,115,951 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 89,121 89,116
Additional paid-in capital 56,926,938 56,788,321
Accumulated deficit (68,265,094) (67,116,913)
Total stockholders' deficit (11,249,035) (10,239,476)
Total liabilities and stockholders' deficit $ 7,607,308 $ 8,134,783