General form of registration statement for all companies including face-amount certificate companies

BALANCE SHEETS

v3.21.1
BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 891,816 $ 215,574
Inventories, net 936,676 704,156
Prepaid expenses and other current assets 31,450 12,196
Total current assets 1,859,942 931,926
Property and equipment, net 1,365,029 1,325,978
Operating right of use asset 1,279,595
Total assets 4,504,566 2,257,904
Current liabilities:    
Accounts payable 799,280 863,642
Accrued liabilities 235,779 160,893
Contract liability 6,784 71,502
Warranty reserve 75,000 75,000
Capital leases 445,760
Notes payable - related party 27,850
Liability right of use assets 295,374
Total current liabilities 1,440,067 1,616,797
Long-term operating lease liabilities 1,015,759
Notes payable - EIDL loan 499,900
Notes Payable - related party 525,500
Total Liabilities 2,955,726 2,142,297
Stockholders' equity:    
Common stock, $.01 par value, authorized shares 10,000; Issued and outstanding 100 and 100, respectively 1 1
Additional Paid-in Capital 2,555,386 2,293,230
Accumulated deficit (1,006,547) (2,177,624)
Total stockholders' equity 1,548,840 115,607
Total liabilities and stockholders' equity $ 4,504,566 $ 2,257,904