| Schedule of Operating Segment |
|
|
Branded
Beverages
|
|
|
Specialty
Packaging (TopPop)
|
|
|
Corporate |
|
|
Total |
|
Balance sheet at March 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
$ |
9,339,214 |
|
|
$ |
55,806,505 |
|
|
$ |
- |
|
|
$ |
65,145,719 |
|
Liabilities |
|
$ |
2,361,276 |
|
|
$ |
35,544,254 |
|
|
$ |
- |
|
|
$ |
37,905,530 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet at December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
$ |
2,925,694 |
|
|
$ |
47,780,962 |
|
|
$ |
- |
|
|
$ |
50,706,656 |
|
Liabilities |
|
$ |
2,447,005 |
|
|
$ |
29,146,596 |
|
|
$ |
- |
|
|
$ |
31,593,601 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Statement for the three months ended March 31, 2022: |
|
Branded
Beverages
|
|
|
Specialty Packaging |
|
|
Corporate |
|
|
Total |
|
Net Sales |
|
$ |
533,095 |
|
|
$ |
3,513,702 |
|
|
$ |
- |
|
|
$ |
4,046,797 |
|
Cost of sales |
|
$ |
214,341 |
|
|
$ |
1,990,698 |
|
|
$ |
- |
|
|
$ |
2,205,039 |
|
Total operating expenses |
|
$ |
1,617,885 |
|
|
$ |
2,834,905 |
|
|
$ |
357,574 |
|
|
$ |
4,810,364 |
|
Loss from operations |
|
$ |
(1,299,131 |
) |
|
$ |
(1,311,901 |
) |
|
$ |
(357,574 |
) |
|
$ |
(2,968,606 |
) |
Interest expense |
|
$ |
- |
|
|
$ |
183,134 |
|
|
$ |
- |
|
|
$ |
183,134 |
|
Depreciation and amortization |
|
$ |
1,141 |
|
|
$ |
77,207 |
|
|
$ |
- |
|
|
$ |
78,348 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Statement for the three months ended March 31, 2021: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Sales |
|
$ |
634,533 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
634,533 |
|
Cost of Goods Sold |
|
$ |
318,633 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
318,633 |
|
Total operating expenses |
|
$ |
891,388 |
|
|
$ |
- |
|
|
$ |
103,750 |
|
|
$ |
995,138 |
|
Loss from operations |
|
$ |
(575,488 |
) |
|
$ |
- |
|
|
$ |
(103,750 |
) |
|
$ |
(679,238 |
) |
Depreciation and amortization |
|
$ |
3,546 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
3,546 |
|
|