| 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 |
|
|