Post-effective amendment to a registration statement that is not immediately effective upon filing

Consolidated Balance Sheets

v3.22.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalent $ 2,217,191 $ 591,634
Accounts receivable, net 2,900,281 679,061
Inventory, net 7,215,981 3,373,033
Prepaid media spend 450,000 249,000
Prepaid expenses and other current assets 2,255,539 529,230
Total current assets 15,038,992 5,421,958
Property and equipment, net 6,825,895 6,845,132
Right-of-use asset, net 767,382
Goodwill 8,450,000 8,450,000
Intangible asset, net 4,604,359 4,962,834
Prepaid media spend, net of current portion 1,084,548 498,662
Other assets 4,192 58,545
TOTAL ASSETS 36,775,368 26,237,131
CURRENT LIABILITIES    
Accounts payable 3,097,516 3,839,384
Accrued expenses 1,634,978 1,710,384
Current portion of lease liability 168,482
Line of credit 3,500,000 3,500,000
Current portion of long-term debt 3,447,056 22,649,995
Total current liabilities 11,848,032 31,699,763
Long-term debt, net of current portion 119,542 3,874,235
Lease liability, net of current portion 598,900
Financing obligation - related party operating lease 7,500,000
Deferred tax liability, net 67,223
Deferred Stock Compensation Liability 71,197
Warrant liability 128,375
TOTAL LIABILITIES 20,333,269 35,573,998
STOCKHOLDERS’ EQUITY (DEFICIT)    
Preferred stock - $0.0001 par value, 10,000,000 shares authorized, 0 shares issued and outstanding
Additional paid-in-capital 100,551,257 42,783,367
Accumulated deficit (84,111,171) (52,121,249)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) 16,442,099 (9,336,867)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 36,775,368 26,237,131
Common Class A [Member]    
STOCKHOLDERS’ EQUITY (DEFICIT)    
Common stock 863
Common Class V [Member]    
STOCKHOLDERS’ EQUITY (DEFICIT)    
Common stock $ 1,150 $ 1,015