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

BALANCE SHEETS (Unaudited)

v3.21.1
BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Current Assets      
Cash $ 1,096,330 $ 891,816 $ 215,574
Accounts receivable 85,558  
Inventories 1,251,807 936,676 704,156
Deferred offering costs 131,000  
Due from affiliated companies 13,808 6,100
Prepaid expenses and other current assets 1,800 350 12,196
Total Current Assets 2,580,303 1,834,942 931,926
Property and equipment, net 1,756,655 1,365,029 1,325,978
Operating right of use asset 1,838,801 1,279,595
Security deposit 25,000 25,000
Total assets 6,200,759 4,504,566 2,257,904
Current liabilities      
Accounts payable 929,200 799,280 863,642
Accrued liabilities 214,260 142,936 158,050
Contract liability 206,331 6,784 71,502
Warranty reserve 75,000 75,000 75,000
Capital leases   445,760
Notes payable - related party 27,850
Due to affiliated companies 109,043 92,843 2,843
Operating lease right of use liability 357,273 295,374
Total current liabilities 1,891,107 1,440,067 1,616,797
Paycheck Protection Program Loan 608,224    
Economic Injury Disaster Loan 499,900    
Operating lease liability - noncurrent 1,520,739 1,015,759
Notes payable - EIDL loan   499,900
Notes Payable - related party   525,500
Total Liabilities 4,519,970 2,955,726 2,142,297
Commitments and contingencies (Note 9)  
Stockholder's equity      
Preferred stock: 10,000,000 authorized; $0.001 par value; no shares issued and outstanding    
Common stock, $0.001 par value, authorized shares 50,000,000; Issued and outstanding 4,000,000 and ,4000,000, respectively 4,000 4,000 4,000
Additional Paid-in Capital 2,551,387 2,551,387 2,289,231
Accumulated deficit (874,598) (1,006,547) (2,177,624)
Total stockholder's equity 1,680,789 1,548,840 115,607
Total liabilities and stockholder's equity $ 6,200,759 $ 4,504,566 $ 2,257,904