Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash $ 2,192,870 $ 4,455,751
Accounts receivable 137,338 10,908
Accounts receivable - related party 0 39,625
Inventory, net 62,933 69,787
Prepaid expenses 46,971 115,833
Total Current Assets 2,440,112 4,691,904
Property and equipment, net 4,653,438 4,578,135
Operating lease right-of-use assets 128,399 0
Deposits 6,630 7,872
Total Assets 7,228,579 9,277,911
Current Liabilities:    
Accounts payable and accrued liabilities 192,488 163,661
Accounts payable - related party 0 4,921
Other current liabilities 16,820 7,210
Interest payable - related party 1,750 0
Customer deposit 127,671 36,184
Lease liability, current portion 44,270 0
Promissory note short term - related party 50,000 0
Total Current Liabilities 432,999 211,976
Non-current Liabilities:    
Lease liability, less current portion 94,670 0
Other liability 12,335 0
Total Non-Current Liabilities 107,005 0
Total Liabilities 540,004 211,976
Commitments and Contingencies (Note 12)
Stockholders' Equity:    
Common stock, par value $0.001 per share, 75,000,000 shares authorized; 40,959,741 and 40,907,010 shares issued and outstanding as of December 31, 2019 and 2018, respectively 40,959 40,907
Additional paid-in capital 13,775,908 12,956,486
Shares to be issued, common shares 50,709 72,000
Accumulated deficit (7,179,001) (4,003,458)
Total Stockholders' Equity 6,688,575 9,065,935
Total Liabilities and Stockholders' Equity $ 7,228,579 $ 9,277,911