Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

v3.22.2.2
SEGMENT REPORTING (Tables)
6 Months Ended
Jun. 30, 2022
SEGMENT REPORTING (Tables)  
Schedule of Operating Segment

 

 

Branded

Beverages

 

 

Specialty

Packaging

(TopPop)

 

 

Corporate

 

 

Total

 

Balance sheet at June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

$ 6,647,516

 

 

$ 55,846,103

 

 

$ -

 

 

$ 62,493,619

 

Liabilities

 

$ 3,059,337

 

 

$ 36,007,278

 

 

$ -

 

 

$ 39,066,615

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 six months ended June 30, 2022:

 

 Branded

Beverages

 

 

 Specialty Packaging

 

 

Corporate

 

 

Total 

 

Net Sales

 

$ 1,391,995

 

 

$ 9,309,023

 

 

$ -

 

 

$ 10,701,018

 

Cost of sales

 

$ 597,503

 

 

$ 6,528,210

 

 

$ -

 

 

$ 7,125,713

 

Total operating expenses

 

$ 4,066,371

 

 

$ 5,695,860

 

 

$ 637,359

 

 

$ 10,399,590

 

Loss from operations

 

$ (3,271,879 )

 

$ (2,915,047 )

 

$ (637,359 )

 

$ (6,824,585 )

Interest expense

 

$ -

 

 

$ 427,286

 

 

$ -

 

 

$ 427,286

 

Depreciation and amortization

 

$ 5,628

 

 

$ 335,437

 

 

$ -

 

 

$ 341,065

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement for the six months ended June 30, 2021:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$ 1,219,447

 

 

$ -

 

 

$ -

 

 

$ 1,219,447

 

Cost of Goods Sold

 

$ 643,839

 

 

$ -

 

 

$ -

 

 

$ 643,839

 

Total operating expenses

 

$ 2,649,965

 

 

$ -

 

 

$ 241,373

 

 

$ 2,891,338

 

Loss from operations

 

$ (2,074,357 )

 

$ -

 

 

$ (241,373 )

 

$ (2,315,730 )

Depreciation and amortization

 

$ 3,981

 

 

$ -

 

 

$ -

 

 

$ 3,981

 

Income Statement for the three months ended June 30, 2022:

 

 Branded Beverages

 

 

 Specialty Packaging

 

 

Corporate

 

 

Total

 

Net Sales

 

$ 858,900

 

 

$ 5,795,321

 

 

$ -

 

 

$ 6,654,221

 

Cost of sales

 

$ 383,162

 

 

$ 4,537,512

 

 

$ -

 

 

$ 4,920,674

 

Total operating expenses

 

$ 2,448,486

 

 

$ 2,860,955

 

 

$ 279,785

 

 

$ 5,589,226

 

Loss from operations

 

$ (1,972,748 )

 

$ (1,603,146 )

 

$ (279,785 )

 

$ (3,855,679 )

Interest expense

 

$ -

 

 

$ 244,152

 

 

$ -

 

 

$ 244,152

 

Depreciation and amortization

 

$ 4,487

 

 

$ 258,228

 

 

$ -

 

 

$ 262,715

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement for the three months ended June 30, 2021:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$ 584,914

 

 

$ -

 

 

$ -

 

 

$ 584,914

 

Cost of Goods Sold

 

$ 325,206

 

 

$ -

 

 

$ -

 

 

$ 325,206

 

Total operating expenses

 

$ 1,758,577

 

 

$ -

 

 

$ 137,623

 

 

$ 1,896,200

 

Loss from operations

 

$ (1,498,869 )

 

$ -

 

 

$ (137,623 )

 

$ (1,636,492 )

Depreciation and amortization

 

$ 435

 

 

$ -

 

 

$ -

 

 

$ 435