Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash $ 866,013 $ 591,019
Accounts receivable 3,066,521 1,116,082
Inventory 709,717 560,127
Prepaid expenses and other assets 329,484 107,443
Total current assets 4,971,735 2,374,671
Security deposits 10,175 0
Property and equipment, net 1,830,208 1,887,029
Right of use asset 493,366 795,869
Intellectual property, net 2,165,346 2,318,796
Total assets 9,470,830 7,376,365
Current liabilities    
Accounts payable and accrued expenses (related party of $181,250 and $168,750) 2,975,670 1,611,956
Current portion of equipment notes payable 8,294 29,255
Current portion of operating lease liability 386,984 407,975
Note payable 44,064 34,661
Accrued interest 1,997 259,230
Customer credits 167,000 167,000
Accrued salaries 692,672 848,706
Secured note payable - related party 271,686 0
Unsecured note payable, net of discount and issuance costs - related party 11,367,533 0
Total current liabilities 15,915,900 3,358,783
Equipment notes payable, less current portion 0 789
Operating lease liability 111,560 394,625
Note payable 255,316 299,300
Convertible notes payable, net of discount and issuance costs 0 4,055,122
Profit share liability - related party 2,692,259 2,305,308
Secured note payable - related party   271,686
Unsecured note payable, net of discount and issuance costs - related party 0 9,894,284
Total liabilities 18,975,035 20,579,897
Stockholders' deficit    
Preferred stock, $0.001 par value: 2,000,000 shares authorized 0 0
Common stock; $0.001 par value; 150,000,000 shares authorized; 89,265,951 and 78,096,326 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 89,266 78,096
Additional paid-in capital 56,244,900 50,202,478
Accumulated deficit (65,838,371) (63,484,106)
Total stockholders' deficit (9,504,205) (13,203,532)
Total liabilities and stockholders' deficit $ 9,470,830 $ 7,376,365