v3.24.2.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash $ 8,439,183 $ 20,939,762
Accounts receivable 1,784,437 2,233,211
Inventory 964,982 795,164
Prepaid expenses and other assets 139,134 183,621
Total current assets 11,327,736 24,151,758
Security deposits 3,500 5,175
Property and equipment, net 1,660,654 1,595,958
Right of use asset - operating lease 156,087 10,639
Intellectual property, net 1,601,763 1,704,063
Total assets 14,749,740 27,467,593
Current liabilities    
Accounts payable and accrued expenses (related party $99,991 and $107,454 at June 30, 2024 and December 31, 2023, respectively) 2,259,633 1,558,450
Income tax payable 237,821 437,821
Current portion of operating lease liability 23,806 11,157
Customer credits 167,000 167,000
Accrued salaries 571,688 8,936
Unsecured note payable, net of discount and issuance costs - related party 3,237,739 0
Total current liabilities 6,497,687 2,183,364
Operating lease liability, net of current portion 132,490 0
Secured note payable, net of discount - related party 0 239,466
Unsecured note payable, net of discount and issuance costs - related party 0 10,979,723
Profit share liability - related party 5,886,584 14,847,937
Total liabilities 12,516,761 28,250,490
Stockholders' Equity (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 96,054,375 and 94,360,107 shares issued and outstanding as of June 30, 2024 and December 31, 2023 respectively. 96,054 94,360
Additional paid-in capital 73,649,614 61,917,119
Accumulated deficit (71,512,689) (62,794,376)
Total stockholders' equity (deficit) 2,232,979 (782,897)
Total liabilities and stockholders' equity (deficit) $ 14,749,740 $ 27,467,593

Source

10-Q PDF
XBRL