v3.22.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 7,394,892 $ 13,561,266
Investment in debt securities 2,770,598 3,362,880
Accounts receivable, net of allowance for doubtful accounts of $14,010 and $5,665, respectively 820,250 100,194
Prepaid expenses and other 658,984 186,349
Inventory 166,156 46,343
Total Current Assets 11,810,880 17,257,032
Fixed assets, net of accumulated depreciation of $614,983 and $284,216, respectively 5,129,260 2,286,320
Goodwill and other indefinite lived intangibles 166,838 129,983
Other intangible assets, net of accumulated amortization of $1,671,089 and $1,205,379, respectively 2,923,011 3,207,327
Operating lease right of use asset 629,727
Other assets 49,633 43,456
Total Assets 20,709,349 22,924,118
Current Liabilities:    
Accounts payable and accrued liabilities 1,281,654 579,365
Borrowings under revolving line of credit 850,000
Loans payable 778,146 178,871
Operating lease liabilities 221,674
Total Current Liabilities 3,131,474 758,236
Loans payable, net of current portion 1,550,313 297,436
Operating lease liabilities, net of current portion 440,044
Total Liabilities 5,121,831 1,055,672
Commitments and Contingencies
Stockholders’ Equity    
Preferred stock, $.0001 par value; 50,000,000 shares authorized; 0 shares issued and outstanding
Common stock, $.0001 par value; 500,000,000 shares authorized; 26,479,795 and 26,243,474 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 2,647 2,624
Additional paid in capital 40,133,014 39,210,291
Accumulated deficit (24,478,576) (17,339,396)
Accumulated other comprehensive loss (69,567) (5,073)
Total Stockholders’ Equity 15,587,518 21,868,446
Total Liabilities and Stockholders’ Equity $ 20,709,349 $ 22,924,118

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