Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 8,978,908 $ 891,816
Accounts receivable 212,908
Marketable securities 2,998,181
Inventories 2,451,794 936,676
Due from affiliated companies 306,897 6,100
Prepaid expenses and other current assets 685,163 350
Total Current Assets 15,633,851 1,834,942
Marketable securities – non current 3,092,704
Property and equipment, net 2,230,729 1,365,029
Operating lease right of use asset 1,646,700 1,279,595
Security deposit 25,000 25,000
Total Assets 22,628,984 4,504,566
Current Liabilities:    
Accounts payable 1,687,745 799,280
Accrued liabilities 492,205 142,936
Contract liability 162,637 6,784
Warranty reserve 75,000 75,000
Note payable - related party 27,850
Due to affiliated companies 115,043 92,843
Operating lease right of use liability 364,822 295,374
Total Current Liabilities 2,897,452 1,440,067
Paycheck Protection Program Loan 608,224
Economic Injury Disaster Loan 499,900 499,900
Operating lease liability - noncurrent 1,336,437 1,015,759
Total Liabilities 5,342,013 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 18,486,995 2,551,387
Accumulated deficit (1,207,024) (1,006,547)
Total Stockholders’ Equity 17,286,971 1,548,840
Total Liabilities and Stockholders’ Equity $ 22,628,984 $ 4,504,566