Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash $ 1,408,687 $ 4,343,426
Accounts receivable, net 172,903 78,313
Accounts receivable – related party 0 34,507
Inventory 299,973 103,772
Other receivables 10,000 0
Prepaid expenses 109,941 142,342
Marketable equity securities 39,165 105,470
Total Current Assets 2,040,669 4,807,830
Property and equipment, net 4,119,973 4,228,630
Operating lease right-of-use assets 214,900 253,336
Deposits 23,420 33,264
Total Assets 6,398,962 9,323,060
Current Liabilities:    
Accounts payable and accrued liabilities 285,206 267,685
Related party loan 1,000,000 0
Treasury stock payable 0 1,000,000
Other current liabilities 40,255 6,496
Lease liabilities, current portion 84,036 113,058
Total Current Liabilities 1,409,497 1,387,239
Non-Current Liabilities:    
Lease liabilities, less current portion 122,959 165,952
Other liability 12,335 12,335
Total Non-Current Liabilities 135,294 178,287
Total Liabilities 1,544,791 1,565,526
Contingencies (Note 13)
Stockholders' Equity:    
Common stock, par value $0.001 per share, 75,000,000 shares authorized; 64,771,817 and 65,296,383 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 64,771 65,297
Treasury stock at cost (1,183,040 shares and 400,000 shares held at September 30, 2023 and December 31, 2022, respectively) (385,686) (2,000,000)
Additional paid-in capital 26,100,446 27,514,733
Shares to be issued, common shares 46,100 48,075
Accumulated deficit (20,964,470) (17,864,028)
Accumulated other comprehensive loss (6,990) (6,543)
Total Stockholders' Equity 4,854,171 7,757,534
Total Liabilities and Stockholders' Equity $ 6,398,962 $ 9,323,060