v3.22.2.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 4,577,597 $ 13,561,266
Investment in debt securities 2,429,976 3,362,880
Accounts receivable, net of allowance for doubtful accounts of $0 and $5,665, respectively 658,375 100,194
Prepaid expenses and other 254,557 186,349
Inventory 137,548 46,343
Total Current Assets 8,058,053 17,257,032
Fixed assets, net of accumulated depreciation of $ 868,890 and $284,216, respectively 5,096,808 2,286,320
Goodwill and other indefinite lived intangibles 166,838 129,983
Other intangible assets, net of accumulated amortization of $ 1,897,813 and $1,205,379, respectively 2,696,288 3,207,327
Operating lease right of use asset 576,120
Other assets 54,195 43,456
Total Assets 16,648,302 22,924,118
Current Liabilities:    
Accounts payable and accrued liabilities 1,051,946 579,365
Borrowings under revolving line of credit 1,000,000
Loans payable 797,407 178,871
Operating lease liabilities 225,817
Total Current Liabilities 3,075,170 758,236
Loans payable, net of current portion 1,410,813 297,436
Operating lease liabilities, net of current portion 378,418
Total Liabilities 4,864,401 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; 26,490,424 and 26,243,474 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 2,649 2,624
Additional paid in capital 40,405,738 39,210,291
Accumulated deficit (28,554,985) (17,339,396)
Accumulated other comprehensive loss (69,501) (5,073)
Total Stockholders’ Equity 11,783,901 21,868,446
Total Liabilities and Stockholders’ Equity $ 16,648,302 $ 22,924,118

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