Balance Sheet

v3.22.2.2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 19,975,562	$ 6,975,302
Accounts receivable	1,610	5,137
Marketable securities		2,996,960
Inventories	4,393,238	1,799,769
Deferred offering costs	10,000	105,500
Due from affiliated companies	368,093	286,922
Prepaid expenses and other current assets	1,500,153	903,756
Total current assets	26,248,656	13,073,346
Marketable securities - non current	2,910,936	3,067,137
Property and equipment, net	4,774,839	2,883,171
Operating lease right of use asset	1,264,259	1,550,530
Security deposit	25,000	25,000
Total Assets	35,223,690	20,599,184
Current Liabilities:
Accounts payable	1,927,656	1,200,861
Accrued liabilities	538,312	456,814
Contract liability – customer deposits	1,026,580	14,100
Due to affiliated companies	115,043	115,043
Operating lease right of use liability	387,993	368,602
Total current liabilities	3,995,584	2,155,420
Paycheck Protection Program Loan
Economic Injury Disaster Loan	499,900	499,900
Operating lease liability - noncurrent	949,495	1,244,164
Total Liabilities	5,444,979	3,899,484
Stockholders’ equity:
Preferred stock: 10,000,000 authorized; $0.001 par value; no shares issued and outstanding
Common stock: 50,000,000 authorized; $0.001 par value; 7,020,000 and 7,000,000 shares issued and outstanding, respectively	7,020	7,000
Additional paid-in capital	29,165,138	18,710,256
Accumulated deficit	(4,447,684)	(2,017,556)
Noncontrolling interest	5,054,237
Total stockholders’ equity	29,778,711	16,699,700
Total liabilities and stockholders’ equity	$ 35,223,690	$ 20,599,184

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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