Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 4,354,624 $ 2,217,191
Accounts receivable, net 2,142,934 2,900,281
Inventory, net 8,927,055 7,215,981
Prepaid media spend, net of reserve   450,000
Prepaid expenses and other current assets 2,528,134 2,255,539
Total current assets 17,952,747 15,038,992
Property and equipment, net 7,896,559 6,825,895
Right-of-use asset, net 618,136 767,382
Goodwill 8,450,000 8,450,000
Intangible asset, net 4,422,608 4,604,359
Prepaid media spend, net of reserve and net of current portion   1,084,548
Other assets   4,192
TOTAL ASSETS 39,340,050 36,775,368
CURRENT LIABILITIES    
Accounts payable 2,543,373 3,097,516
Accrued expenses 2,635,204 1,634,978
Current portion of lease liability 215,127 168,482
Line of credit, net of debt issuance costs 123,191 3,500,000
Current portion of long-term debt 1,559,139 3,447,056
Total current liabilities 7,076,034 11,848,032
Long-term debt, net of current portion, net of debt issuance costs 3,470,968 119,542
Lease liability, net of current portion 436,351 598,900
Financing obligation - related party operating lease 7,500,000 7,500,000
Deferred tax liability, net 67,223 67,223
Deferred Stock Compensation Liability 602,605 71,197
Warrant liability 28,421 128,375
TOTAL LIABILITIES 19,181,602 20,333,269
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY (DEFICIT)    
Preferred stock - $0.0001 par value, 10,000,000 shares authorized, 0 shares issued and outstanding
Additional paid-in-capital 132,902,242 100,551,257
Accumulated deficit (112,746,839) (84,111,171)
TOTAL STOCKHOLDERS' EQUITY 20,158,448 16,442,099
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 39,340,050 36,775,368
Class A Common Stock [Member]    
STOCKHOLDERS' EQUITY (DEFICIT)    
Common stock 2,296 863
Class V Common Stock [Member]    
STOCKHOLDERS' EQUITY (DEFICIT)    
Common stock $ 749 $ 1,150