Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 7,589,114 $ 2,190,814
Accounts receivable 4,030,076 852,321
Inventory 3,181,719 1,228,351
Prepaid expense and other current assets 528,071 74,517
Total current assets 15,328,980 4,346,003
Right-of-use assets, net 5,491,085 3,074,864
Leasehold improvements, furniture, and equipment, net 7,312,012 5,556,964
Intangible assets 20,812,986 21,609,586
Goodwill 15,976,877 15,976,877
Other assets 223,779 142,362
Total assets 65,145,719 50,706,656
Current liabilities:    
Accounts payable and accrued expenses 4,482,141 2,713,046
Notes payable 5,045,466 5,045,466
Factoring liability 1,960,604 0
Deferred revenue 145,694 135,034
Other current liabilities 132,234 132,234
Current portion of operating lease liability 562,202 380,487
Contingent consideration 0 8,244,642
Total current liabilities 12,328,341 16,650,909
Operating lease liability, long term 5,225,683 2,835,828
Notes payable, long term 147,001 147,001
Contingent consideration, long term 20,204,505 11,959,863
Total liabilities 37,905,530 31,593,601
Stockholders' and members' equity:    
Preferred stock, $.001 par value; authorized 100,000,000 shares: Series A-2, 38,180 shares issued and outstanding at March 31, 2022; 26,623 shares issued and outstanding at December 31, 2021 38 27
Common stock, $0.001 par value; authorized 2,000,000,000 shares, 97,086,968 issued and outstanding at March 31, 2022 and 90,542,764 issued and outstanding at December 31, 2021 97,088 90,544
Additional paid-in capital 68,021,374 56,749,055
Accumulated deficit (40,019,265) (36,961,344)
Noncontrolling interests (859,046) (765,227)
Total stockholders' equity 27,240,189 19,113,055
Total liabilities and stockholders' equity $ 65,145,719 $ 50,706,656