Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEET

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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash $ 1,946,217 $ 1,504,225
Accounts receivable 2,043,328 2,777,607
Inventory 891,219 991,131
Prepaid expenses and other assets 87,899 267,393
Total current assets 4,968,663 5,540,356
Security deposits 10,175 10,175
Property and equipment, net 1,827,507 1,828,592
Right of use asset - operating lease 31,504 51,563
Intellectual property, net 1,807,297 1,909,597
Total assets 8,645,146 9,340,283
Current liabilities    
Accounts payable and accrued expenses (related party $108,333 and $25,000 at June 30, 2023 and December 31, 2022, respectively) 3,078,509 2,946,835
Current portion of operating lease liability 33,058 43,262
Customer credits 167,000 167,000
Accrued salaries 0 67,478
Total current liabilities 3,278,567 3,224,575
Operating lease liability 0 11,289
Secured note payable, net of discount - related party 229,633 219,962
Unsecured note payable, net of discount and issuance costs - related party 10,315,979 9,663,056
Profit share liability - related party 3,952,157 3,638,260
Total liabilities 17,776,336 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 94,267,296 and 93,087,796 shares issued and outstanding as of June 30, 2023 and December 31, 2022 respectively. 94,268 93,088
Additional paid-in capital 61,684,385 61,188,442
Accumulated deficit (70,909,843) (68,698,389)
Total stockholders' deficit (9,131,190) (7,416,859)
Total liabilities and stockholders' deficit $ 8,645,146 $ 9,340,283