Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 6,975,302 $ 891,816
Accounts receivable 5,137
Marketable securities 2,996,960
Inventories 1,799,769 936,676
Deferred offering costs 105,500
Due from affiliated companies 286,922 6,100
Prepaid expenses and other current assets 903,756 350
Total Current Assets 13,073,346 1,834,942
Marketable securities – non current 3,067,137
Property and equipment, net 2,883,171 1,365,029
Operating lease right of use asset 1,550,530 1,279,595
Security deposit 25,000 25,000
Total Assets 20,599,184 4,504,566
Current Liabilities:    
Accounts payable 1,200,861 799,280
Accrued liabilities 456,814 217,936
Contract liabilities 14,100 6,784
Due to affiliated companies 115,043 120,693
Operating lease right of use liability 368,602 295,374
Total Current Liabilities 2,155,420 1,440,067
Economic Injury Disaster Loan 499,900 499,900
Operating lease liability – noncurrent 1,244,164 1,015,759
Total Liabilities 3,899,484 2,955,726
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; 7,000,000 and 4,000,000 shares issued and outstanding, respectively 7,000 4,000
Additional paid-in capital 18,710,256 2,551,387
Accumulated deficit (2,017,556) (1,006,547)
Total Stockholders’ Equity 16,699,700 1,548,840
Total Liabilities and Stockholders’ Equity $ 20,599,184 $ 4,504,566