Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash $ 2,570,475 $ 4,343,426
Accounts receivable, net 64,367 78,313
Accounts receivable – related party 0 34,507
Inventory 90,663 103,772
Prepaid expenses 222,934 142,342
Marketable equity securities 51,395 105,470
Total Current Assets 2,999,834 4,807,830
Property and equipment, net 4,196,588 4,228,630
Operating lease right-of-use asset 270,481 253,336
Deposits 24,823 33,264
Total Assets 7,491,726 9,323,060
Current Liabilities:    
Accounts payable and accrued liabilities 214,726 267,685
Treasury stock payable 0 1,000,000
Other current liabilities 105,334 6,496
Lease liability, current portion 82,388 113,058
Total Current Liabilities 402,448 1,387,239
Non-Current Liabilities:    
Lease liability, less current portion 147,170 165,952
Other liability 12,335 12,335
Total Non-Current Liabilities 159,505 178,287
Total Liabilities 561,953 1,565,526
Contingencies (Note 12)
Stockholders' Equity:    
Common stock, par value $0.001 per share, 75,000,000 shares authorized; 64,769,490 shares issued and outstanding as of March 31, 2023 and 43,530,915 shares issued and outstanding as of December 31, 2022 64,769 43,531
Treasury stock at cost (0 shares and 400,000 shares held at March 31, 2023 and December 31, 2022, respectively) 0 (2,000,000)
Additional paid-in capital 25,833,643 27,536,499
Shares to be issued, common shares 12,500 48,075
Accumulated deficit (18,978,271) (17,864,028)
Accumulated other comprehensive income (loss) (2,868) (6,543)
Total Stockholders' Equity 6,929,773 7,757,534
Total Liabilities and Stockholders' Equity $ 7,491,726 $ 9,323,060